Sunshine Lighting plans to invest RMB 15 million in the semiconductor industry chain

On August 19, Sunshine Lighting issued an announcement announcing that it would invest in Qingdao Ruili Fuchang Venture Capital Partnership (Limited Partnership). The company's subscription amount was 15 million yuan, accounting for 28.79% of the fund. The fund focuses on the semiconductor industry chain, covering the semiconductor/sensor/optoelectronics/materials fields in the upstream, and new infrastructure applications such as 5G/Internet of Things/industrial intelligence and low-altitude economy in the downstream.

The fund focuses on the semiconductor industry chain

Sunshine Lighting is mainly engaged in the research and development, production and sales of lighting appliances, and also provides comprehensive lighting solutions. Its core products include LED lighting and lighting control systems, with applications covering general fields such as commercial, home, office, outdoor and track lighting, as well as professional applications such as emergency lighting, plant lighting and electrical appliances.

According to TrendForce's latest report "2025 Global LED Lighting Market Trends - Data Database and Manufacturer Strategies - 2H25", in the first half of 2025 (1H25), the LED general lighting industry did not recover as expected, and the new installation market continued Weakness, the growth rate of the stock replacement market has slowed down, the overall market size has continued to shrink, and corporate revenue performance has been poor.

Specific to Sunshine Lighting, in the first quarter of 2025, the company achieved operating income of 687 million yuan, a year-on-year decrease of 17.06%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 30.653 million yuan, a year-on-year decrease of 48.75%, mainly because external market demand was still sluggish, which had a greater impact on the export of lighting products.

In this case, Sunshine Lighting has laid out the semiconductor industry chain through the fund. On the one hand, it can use this to lay out the upstream core technologies and materials of semiconductors, thereby improving its technical barriers in the field of LED lighting. On the other hand, the related fields involved in the fund provide the company with opportunities to expand its business territory and enter new high-value-added tracks.

Sunshine Lighting also stated that this investment is a strategic exploration of the company based on long-term development. It can use the resources and advantages of professional institutions in the investment field to carry out investment business under the premise of reasonably controlling risks to obtain medium and long-term investment returns. < br />
LED lighting companies are deploying in emerging fields

According to TrendForce’s analysis, in the first half of 2025 (1H25), although there is demand for LED replacement in the existing market, and the demand for high value-added products such as high luminous efficiency, healthy and comfortable lighting, smart lighting, and circulating lighting has increased, the overall market situation still shows a weak trend of “both volume and price fall”, and it is difficult to reverse the decline in output value of the global LED lighting market. TrendForce estimates that the full-year LED lighting market size will decline by 4.4% to US$53.573 billion.

In such an industry environment, seeking transformation and breakthrough has become a common choice for lighting companies. For example, the sunlight lighting mentioned above chooses to achieve this goal by establishing a fund, while more companies achieve this goal by setting up subsidiaries.

Take Mulinsen as an example. In July this year, it established two subsidiaries, LEDVANCE (Shanghai) Energy Technology Co., Ltd. and Jiangxi Qilida Electronics Co., Ltd., to get involved in the semiconductor equipment field and integrated circuit business. In addition, in order to seize the low-altitude economic market, Mulinsen also announced in January this year that it planned to acquire 51% of the equity of the low-altitude lighting company "Singapore Technology".

Ocean King also focuses on the field of unmanned aerial vehicles. It has invested in the establishment of Inner Mongolia Yuanweitong Technology Co., Ltd., holding 25% of the shares. The new company's business covers integrated circuit chip design, electronic component manufacturing and intelligent unmanned aerial vehicle manufacturing. By investing in this company, Ocean King is expected to expand the industry chain related to unmanned aerial vehicles.

Op Lighting is expanding into the Internet of Things and other fields. Its subsidiary company established Op Smart City Technology (Shanghai) Co., Ltd. on July 28. Its business scope covers lighting equipment sales, software development, Internet of Things technical services, information system operation and maintenance, planning and design management, etc.

LED drive power supply company Songsheng Co., Ltd. has also made plans and set its sights on the robot track. In June this year, Songsheng Co., Ltd. announced that it will invest in the establishment of Shenzhen Songsheng Robot Transmission Technology Co., Ltd. The new company will lay out core components of high-performance electromechanical products such as harmonic reducers, transmission and drive components, and explore business opportunities in advanced manufacturing fields such as automation and robotics.

Summary

Against the background of the current general downturn in the lighting industry and corporate transformation and upgrading, more and more lighting companies are expanding from a single business to multiple fields such as semiconductors, the Internet of Things, energy technology, and low-altitude economy. By participating in funds and establishing subsidiaries, they are constantly looking for new growth points and business breakthroughs to cope with market changes and industry competitive pressures.