Sanxiong Jiguang and other three companies released performance forecasts for 2022, with the highest estimated net profit increase exceeding 3 times.

Recently, three LED lighting-related companies, Sanxiong Aurora, Shiyida and Snowlett, released their 2022 performance forecasts. Among them, Sanxiong Jiguang expects net profit to more than double, while Shiyida and Xuelite expect the company's performance to turn losses into profits.

Sanxiong Aurora: Net profit increased by 233.89%~309.77% year-on-year

Sanxiong Jiguang estimates that the net profit attributable to shareholders of listed companies in 2022 will be 88 million yuan to 108 million yuan, a year-on-year increase of 233.89% to 309.77%; the net profit after deducting non-recurring gains and losses will be 52 million yuan to 68 million yuan, a year-on-year increase of 387.34% to 533.54%.

Regarding the year-on-year growth in performance, Sanxiong Jiguang said that during the reporting period, although the company's sales revenue fell compared with the same period last year due to factors such as the recurrence of the epidemic and the downturn of the real estate industry, the company continued to promote cost reduction and efficiency improvement, and the total operating costs decreased compared with the same period last year; at the same time, as the company's credit impairment losses for the current period decreased significantly compared with the same period last year, government subsidies and investment income included in the company's current profits and losses increased significantly compared with the same period last year, resulting in the company's net profit for the current period and net profit after non-deductions increased significantly compared with the same period last year.

It is worth noting that in the first three quarters of 2022, Sanxiong Aurora’s total operating revenue was 1.683 billion yuan, a decrease of 12.33% compared with the same period in 21; it achieved a net profit attributable to the parent company of 90 million yuan, a decrease of 37.78% compared with the same period in 21.

Shiyida: Achieved net profit of 120 million yuan to 170 million yuan

Shiyida mainly operates in two major sectors: intelligent hardware and intelligent marketing. Among them, the intelligent hardware segment includes two major businesses: intelligent hardware manufacturing and intelligent terminal products. The smart terminal product business is specifically the design, research and development, production and sales of smart terminal products for LED smart lighting products, providing customers with LED product solutions. The sales model includes foreign market ODM + domestic market dealers.

Shiyida predicts that in 2022, the company's performance will turn losses into profits year-on-year, achieving a net profit attributable to shareholders of listed companies of 120 million yuan to 170 million yuan; achieving a net profit of 22 million yuan to 33 million yuan after deducting non-recurring gains and losses.

There are three main reasons for the growth in performance. The first is that Shiyida has steadily promoted the layout and business adjustments of various business segments and continued to deepen its intelligent hardware business. Intelligent hardware performance will grow steadily in 2022.

The second is that Shiyida Holdings' subsidiary completed the government's expropriation of state-owned land use rights, buildings, attachments, equipment and other matters, and obtained relevant expropriation compensation, increasing the net profit attributable to shareholders of the listed company by approximately 85 million yuan. The third is that Shiyida made a large provision for goodwill impairment last year, but there is no impact of goodwill impairment provision during this reporting period.

Sherlite: Achieved net profit of 51 million yuan to 76 million yuan

Sherlite is mainly engaged in ultraviolet germicidal lamps, LED lighting, automotive lighting, and lithium battery production equipment. In 2022, Sherlite will turn losses into profits and is expected to achieve operating income of 130 million yuan to 170 million yuan and net profit attributable to shareholders of listed companies of 51 million yuan to 76 million yuan.

The main reason for the performance growth is that in December 2022, the Foshan Intermediate People's Court ruled to confirm that the reorganization plan of Guangdong Xuelite Optoelectronics Technology Co., Ltd. has been completed. Based on the completion of the reorganization plan, part of the company's debts were reduced and reduced, resulting in larger debt restructuring gains during the reporting period.

It is reported that from the second quarter of 2018 to the third quarter of 2020, Sherlite was in a state of loss. In order to improve the company's operating conditions, Sherlite began a reorganization plan. In October 2022, the Foshan Intermediate People's Court ruled to accept Foshan Geneng Lighting Appliance Co., Ltd.'s reorganization application for Sherlite. According to the reorganization plan, Sherlite will introduce approximately 1 billion yuan in funds to pay off debts.