On April 19, 2024, Foshan Lighting (000541.SZ) announced its 2023 annual report. In 2023, the company achieved operating income of 9.057 billion yuan, a year-on-year increase of 3.39%; the net profit attributable to shareholders of the listed company was 290 million yuan, a year-on-year increase of 26.07% %; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 275 million yuan, a year-on-year increase of 23.71%.
Revenue from automotive lighting products in 2023 will be 1.830 billion yuan, accounting for 20.21% of operating revenue, a year-on-year increase of 5.81%.
The company continues to focus on the new energy vehicle lighting market. 7 new automotive OEMs were developed, 62 new project sites were obtained, and project exchanges were conducted with many potential customers.
The company's automotive lighting business is based on the original lighting sources and modules, and relies on its holding subsidiary Nanning Liaowang to expand into automotive lighting assemblies. Its main products include headlights, rear combination lights, fog lights, reversing lights, Indoor lights, license plate lights, etc. basically include all the lights needed by the car. Nanning Liaowang's main customers include automobile manufacturing companies such as SAIC-GM-Wuling, Chongqing Changan, Thalys, SAIC Zhiji, FAW Pentium, and SAIC Maxus. The sales proportion of mid-to-high-end car lighting products has gradually increased.
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