From the initially fashionable integrated taillights, to the popular modified car lights, to today's increasingly feature-rich car headlights, LED light sources have many advantages such as high light efficiency, easy integration, energy saving and low consumption, quick response, and flexible application. It is integrating with the wave of automobile intelligent revolution and stimulating a new generation of car lighting trend.
With the support of local governments' policies to promote automobile consumption, especially the vigorous development of new energy vehicles, the demand for vehicle-mounted displays and automotive lighting has increased. At the same time, domestic substitution of automotive LEDs has accelerated, domestic domestic manufacturers have improved their technology and cost advantages, and car lights have Domestic substitution continues to accelerate. In 2023, in the field of automotive LED, most listed LED packaging companies will achieve substantial performance growth. In the future, automotive LED will be an area of faster growth.
Today I will give you a brief inventory of the performance highlights of listed LED packaging companies in automotive LEDs in 2023.
1. Nationstar Optoelectronics
Operating income in 2023 will be approximately 3.542 billion yuan, a year-on-year decrease of 1.07%; net profit attributable to shareholders of listed companies will be approximately 85.64 million yuan, a year-on-year decrease of 29.43%; basic earnings per share will be 0.1385 yuan, a year-on-year decrease of 29.41%.
Seize opportunities in segmented application fields and achieve multiple developments in strategic markets such as Mini/Micro displays, automotive LEDs, optocouplers, and high-end lighting.
Deeply explore automotive lighting applications. Efforts have been made to create four major categories of automotive product lines, forming a rich matrix of automotive LED products. The automotive interactive display module has entered new power automobile brands, and automotive interior LED devices have been introduced to many OEMs and have been selected into many well-known supplier lists;
公司车用领域产品布局
Successfully lit up the MicroLED digital car light source sample, becoming the first domestic company to successfully develop the Micro LED light source for 10,000-level pixel digital headlights.
We have developed new products for smart car atmosphere LED devices and modules, and have developed ultra-high brightness smart car headlight LEDs and head-up display full-color LED devices. A number of high-end automotive products have successfully passed customer verification.
2. Jufei Optoelectronics
The total operating income for the year was 2,512,195,700 yuan, an increase of 11.07% over the same period last year; the net profit attributable to shareholders of the listed company was 230,045,100 yuan, an increase of 22.27% over the same period last year. During the reporting period, the company's LED products achieved sales revenue of 2,308,196,300 yuan, an increase of 11.93% over the same period last year, accounting for 91.88% of operating revenue, and the overall product yield rate reached 99.32%.
During the reporting period, the company directly benefited from the rapid popularity of new energy vehicles. With the advent of intelligent and electrified automobiles, automobile displays have developed towards intelligence and multi-screens, and large screens have become the standard for new energy vehicles. As a result, the number of screens used and the cost of lighting have also increased, and the company's automotive LED business has continued to maintain healthy development.
At present, the trend of import substitution in the domestic automobile manufacturing industry is obvious. The company has given full play to its own advantages and achieved rapid breakthroughs in the automotive lighting business. Automotive-grade backlight LEDs have entered the world's major automotive module supply chain systems, and automotive-grade external lighting LEDs have entered major manufacturers including BYD Automobile, SAIC Motor, Guangzhou Automobile Group, Changan Automobile, Geely Automobile, Chery Holdings, Jianghuai Automobile, and Great Wall Motors. and other OEM supply chain systems, and has reached in-depth cooperation with many important domestic Tier 1 automotive lighting manufacturers such as Huayu Vision, Jiali Group, and Jinye Group.
The company has achieved mass production of multiple automotive-grade Mini LED light panel projects. For example, all Lili models use the company's Mini LED products. At the same time, the company's self-developed automotive Mini LED light panels have completed automotive-grade sample verification for many customers, and multiple exterior Mini LED direct display COB projects have been put into mass production. These include the Geely British LEVC TX5 car project specially designed for the Asian Games, which is the industry's first outdoor Mini COB direct display interactive screen.
公司加大了车载显示、Mini/Micro LED、红外等业务在技术开发、市场开拓等方面的资源投入，为公司持续的高质量发展提供动能。
3. Ruifeng Optoelectronics
During the reporting period, automotive LED sales revenue increased by 56% compared with the previous reporting period. On the basis of maintaining existing customers, the company actively expanded new customers and made certain progress.
In terms of automotive LEDs, the company actively develops products such as matrix headlights, high- and low-beam ceramic high-power LEDs, and SmartRGB. The company has officially entered the pre-installed automotive market in 2007 and has passed the audits of Hyundai-Kia, Chery, Great Wall, Geely, Jikry and other OEMs. It has successfully passed the audits of internationally renowned Tier1 manufacturers in the automotive industry and entered the supply chain system. At present, the main business of the subsidiary includes automotive LED, automotive parts, automotive lighting systems, automotive braking systems, automotive steering systems, etc.
In terms of Mini Led, it can provide customers with customized car-grade interactive Mini Led display taillights, dynamic car logos with intelligent scenes, 2000nit ultra-high brightness central control screens and other application products.
P2.0 car-grade Mini LED high-resolution graphic interactive taillights
4. Hongli Intelligence
The company's LED automotive lighting business achieved main business income of 660.5081 million yuan, accounting for 17.57% of total operating income, with a gross profit margin of 30.50% and a comprehensive product yield rate of 98.77%.
The main customers of commercial vehicle LED smart lamps include Hella, Magna, Daye Motorcycle, Yutong Bus, etc. The products have been used in commercial vehicles of well-known car companies such as Volvo and Mercedes-Benz;
C62X-F06前组合灯L
Passenger car smart lighting products include front combination lights, rear combination lights, interior lights, etc. Major customers include Geely Group, Great Wall Group, Chery Automobile, BAIC Motor, Hezhong New Energy (Nezha Automobile) and other well-known car companies.
像素化格栅氛围灯
The company will continue to leverage the integration advantages of the "car-grade LED packaging-module-car lighting" industry chain, improve technology research and development levels, reserve cutting-edge technologies such as ADB headlights, projector headlights, and Mini LED taillights, and deepen cooperation with mainstream domestic and foreign products. Cooperation with automobile manufacturers continues to expand high-end markets and overseas markets, enhancing the company's influence in the industry.
5. Vogel Optoelectronics
During the reporting period, the company achieved operating income of RMB 1,813.6149 million, a year-on-year increase of 29.75%; of which, the optoelectronic glass finishing business achieved sales income of RMB 570.7778 million, which was basically the same as the same period last year; the optoelectronic display device business achieved sales income of RMB 852.0195 million, which was approximately the same as the same period last year. An increase of 73.45% compared to the previous year.
During the reporting period, the company was mainly engaged in optoelectronic glass finishing business, backlight and display modules, vehicle display touch modules, high-end optical film material die-cutting, and glass-based semiconductor advanced packaging carrier boards.
The company’s vehicle display product layout is mainly reflected in:
On the product side, the company has full lamination mass production capabilities for cover plates, TP touch, glass substrates, light panels, backlight modules and film materials;
On the technical side, the company's 3A glass cover products can achieve anti-glare, anti-fingerprint, anti-oil stains, and enhance the light transmittance of the glass cover. Compared with traditional backlights and OLED displays, Mini LED backlights have long life and high efficiency. Brightness, high color gamut saturation and low cost advantages, while glass-based Mini LED backlight has obvious application advantages in large screens and thinning due to the high flatness, low expansion and contraction ratio and ultra-thin characteristics of the glass base;
On the market side, as of now, the company has more than 20 customers in the automotive pre-installation market, including Foxconn, Yuanfeng, and Skyworth. Project partners include SAIC-GM, BYD, Dongfeng Honda, GAC Mitsubishi, Great Wall, Changan, FAW Jiefang, Geely, Chery, More than 20 terminal car companies including JAC, Aian, Nezha, and Volkswagen Sihao.
12.3” glass-based Mini LED car light panel
In addition, the company independently developed the automotive glass QD board. This product is paired with MINI LED backlight to improve the vehicle display user experience. The automotive glass QD board is mainly to solve the low color gamut of fluorescent films and the environmental tolerance of QD quantum dot films. question.
The company's QD glass plate has passed the company's internal high-temperature and high-humidity blue light aging test for 1,000 hours, fully solving the tolerance problem of quantum dot film used in the automotive field. This product has submitted international and domestic patent applications.
Glass QD boards are expected to become the core solution for Mini LED backlight applications in the automotive display field, and have been highly recognized and paid attention to by many well-known companies in the industry.
The above are the layout and performance highlights of Nationstar Optoelectronics, Jufei Optoelectronics, Ruifeng Optoelectronics, Hongli Zhihui, and Woge Optoelectronics in automotive LED in 2023. It is not difficult to see from the performance highlights of each listed company that in terms of automotive LED, Market demand is increasing, and the process of localization substitution is accelerating.
In order to promote the development of the smart car lighting industry, Aibang Smart Car Club has established a smart car lighting WeChat group. OEMs, supporting suppliers, light sources, semiconductors, materials, equipment and other companies are welcome to join the WeChat group. At present, Valeo, Huayu Vision, Hella, Magneti Marelli, Mobis, Xingyu Auto Lighting, Damo Verico, Mande, Jinxiang Lighting, Koito, Changcheng Automobile Industry, Dibao, Jiali, Tong Automotive lighting companies such as Ming, Jinye, Centrino, Anrui, and Yedi have all joined the group.
活动推荐二：The 6th Automotive Intelligent Interior Ambience Lighting Industry Forum (May 17, Chongqing)
The original article was posted on the WeChat official account "Smart Car Club."Highlights of automotive LED performance in 2023 for 5 listed LED packaging companies
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