Recently, Jufei Photoelectric and Kangguan Technology two companies disclosed 2022 performance reports respectively.



Due to the impact of the pandemic and global uncertainties, the performance of both manufacturers has been affected, but in the Mini LED backlight achieved bright results.

For example, Jufei Optoelectronics focuses on the car market, and in 2022, new businesses with good profit effect such as car LED and Mini LED will develop rapidly. In addition, Jufei Optoelectronics is cooperating with Huachan Optoelectronics, Shentianma, Changan Automobile, Nanjing University and other upstream and downstream enterprises and universities to accelerate the industrialization of Micro LED applications.

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Jufei Optoelectronics: Accelerate the industrialization of Micro LED vehicle applications

Jufei Optoelectronics released its 2022 performance report on March 24.

According to the report, the revenue of Jufei Optoelectronics reached 2.262 billion yuan in 2022, a decrease of 4.62% year-on-year; Net profit returned to the mother was 188 million yuan, down 30.72% year-on-year.

As for the change in performance, Jufei Optoelectronics said that in 2022, the complex economic environment and weak demand for consumer electronics products LED to a continuous decline in traditional operating revenue. On the other hand, with the rapid penetration of intelligent and electronic vehicles, the wide application of Mini LED product terminals, During the reporting period, the company's car LED, Mini LED and other new businesses with good profit effect developed rapidly; The company's overseas high-end market share increased year-on-year.

It is worth noting that in 2022, Jufei Optoelectronics increased its investment in R&D of new products and technologies such as automotive LED, Mini LED and Micro LED, and set up a Mini-Micro display division to promote channel construction and introduce industry talents. As a result, the R&D expenses and labor costs of Jufei Optoelectronics increased.

Up to now, Jufei Optronics' vehicle backlight products have fully entered the supply chain system of global customers. The vehicle gauge Mini LED backlight can be applied to in-car electronics such as instrument, central control navigation, rear entertainment and rear view mirror screen backlight. The Mini LED direct display module can be used for interior atmosphere, exterior lighting and exterior media display.

In terms of Micro LED, Jufei Optronics is cooperating with Huachan Optronics, Shentianma, Changan Automobile, Nanjing University and other upstream and downstream enterprises and universities to accelerate the industrialization of Micro LED vehicle applications.

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Kangguan Technology: More high-end Mini LED esports display research and development

On the evening of March 26, Kangguan Technology announced its 2022 annual report.

During the reporting period, Kangguan Technology achieved a revenue of 11.587 billion yuan, down 2.54% year-on-year; Net profit returned to the mother was 1.516 billion yuan, up 64.19% year on year.

According to the data, Kangguan Technology, as a research, development, design and manufacturing enterprise focusing on the field of intelligent display products, the main products include intelligent interactive tablet, professional display products, innovative display products, smart TV, etc.

According to reports, due to Kangguan technology's smart interactive tablet business volume growth, smart TV business volume growth and average size increase, core raw material price decline, gross profit margin increased compared to the same period last year; In addition, the company has a number of innovative display products, and the market feedback is good.

It is worth noting that Kangguan Technology is actively promoting the application of Mini/Micro LED in display products such as monitors and televisions.

Especially in the display side, Kangguan Technology has a number of Mini LED products landed last year. It is reported that KTC has released a number of Mini LED display products, including the 27-inch M27P20 Pro, M27T20 and 32-inch M32P10, with 576 to 1152 partitions and 2304 to 4608 LED beads. Prices range from 2,999 yuan to 6,499 yuan.

At present, Kangguan technology is in the development of more high-end Mini LED esports display.

In terms of TV, Kangguang Technology has mass-produced the Mini LED backlit TV with high brightness and high gamut display, with brightness reaching more than 1000 lumens and gamut reaching 110% NTSC. The company aims to increase its market share in the high-end TV field through Mini LED technology.