On April 21, Unilumin Technology released its 2023 annual report. During the reporting period, the company achieved a total operating income of 7.41 billion yuan, an increase of 4.73% over the same period last year, benefiting from the moderate recovery of the domestic economy, and the good demand for sports events, entertainment activities and immersive experiences.
In 2023, Unilumin Technology achieved a gross profit margin of 28.80%, and the gross profit margin of domestic and foreign businesses improved year-on-year, mainly due to the company's deep cultivation in the international market for many years, the advance layout of channels and brand advantages, and the added value of the company's products and solutions gradually reflected.
In 2023, Unilumin Technology will achieve a net profit attributable to the parent company of 144 million yuan, an increase of 127.06% over the same period last year, and a net profit attributable to the parent company of 153 million yuan after deducting non-profits, an increase of 187.10% over the same period last year.
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According to the financial report, Unilumin Technology is the world's leading supplier of LED display, LED lighting products and light display solutions. The business is mainly divided into smart display, smart lighting, light display solutions and innovative business. Among them, the company's smart display business is based on LED direct display products, providing high-quality professional displays, indoor and outdoor commercial displays, rental displays, creative displays, conference all-in-one machines, modules and other products and industry solutions for large and small scenarios for domestic and foreign customers. The innovative business mainly covers 3D digital content, AI digital human, spatial perception, etc., and empowers LED products and application scenarios with artificial intelligence to create LED+AI products and services, and the main application scenarios include film and television, radio and television, sports and education, exhibition, cultural tourism, etc.
The financial report said that technology research and development is the foundation of Unilumin Technology's survival and development. In 2023, Unilumin Technology will have 1,118 R&D personnel, accounting for 19.23% of the company's total headcount, and R&D investment will be 402 million yuan, accounting for 5.42% of revenue. In 2023, the company will add 306 new patents, including 61 new invention patents, and the company's technological innovation strength will be recognized by the authority again. As of the end of the reporting period, the company has accumulated 2,961 patents, 292 copyright registrations, trademarks in more than 200 countries and regions, and participated in the compilation of more than 150 international standards, national standards and industry standards.
At present, Unilumin Technology has CNAS National Accreditation Laboratory, Guangdong LED Optoelectronic Technology and Application Engineering Center, Shenzhen Postdoctoral Innovation Practice Base, Shenzhen 8K UHD LED Large Screen Display Technology Engineering Research Center, Shenzhen HD LED Large Screen Display Technology Engineering Laboratory, Shenzhen LED Display Technology Engineering Technology Research and Development Center and other scientific research and innovation platforms. At the same time, the company strengthens technical cooperation with the outside world, and jointly builds an industry-university-research platform with the National Semiconductor Industry Alliance, the Institute of Semiconductors of the Chinese Academy of Sciences, the China Institute of Standardization, Tsinghua University and other scientific research units and universities to promote the formation of a collaborative technological innovation system of the whole industry chain.
Through years of deep technical cultivation and continuous innovation investment, Unilumin Technology has overcome a series of technical problems in the field of Mini/Micro LED, such as display effect consistency, packaging yield, rework, testing, and driver, completed technological breakthroughs in COB and MIP packaging products, and realized the full range of Mini/Micro LED products from P0.3 to P1.8 products and large-scale mass production. The company is a technology leader in the field of MIP microdevices, and in terms of Micro LED chip-scale packaging, it has made a breakthrough in mass transfer technology to achieve Micro LED 30 micron * 50 micron size and no substrate technology, and is the first to achieve a technological breakthrough in the industry 02020.2mm*0.2mm MIP packaging devices, and can simultaneously realize MIP P0.4 pitch display product packaging. During the reporting period, the company carried out a series of development and release of rental and outdoor display products, and completed the delivery of the industry's first COB packaged outdoor advertising all-in-one machine, achieving industry-leading breakthroughs in application scenarios.
The intelligent manufacturing base guarantees the production capacity and quality of Unilumin Technology. The company's Huizhou Daya Bay LED intelligent manufacturing base, with a construction area of 400,000 square meters, adopts artificial intelligence and advanced analysis technology to achieve a fully automated production system, reduce production costs, reduce production line energy consumption, improve overall output, consolidate cost leadership and improve the company's overall economic benefits. The company's Daya Bay intelligent manufacturing base has a leading digital manufacturing operation system, which has realized data visualization and big data intelligent analysis in the whole delivery process, forming a customized and hierarchical main operation indicator kanban system for user roles, and the visualization rate of main operation indicators can reach 93%. The company has built a hierarchical and hierarchical process structure, continuously summarized experience and precipitated process assets, solidified through the process management system EPORS, and continuously optimized and improved. In addition, "standardized" and "normalized" production plays a great role in stabilizing product quality and reducing costs.
Unilumin Technology is optimistic about the opportunities in the field of light display in the future, and actively deploys Mini/Micro production capacity to promote the application of light display solutions in the market. With the commissioning of the second phase of the production base and the Mini LED project, the company's overall production capacity of smart display has reached 20,000KK/month, of which the Mini LED production capacity is 3,000KK/month, and the Mini/Micro LED production capacity is planned to be expanded to 10,000KK/month by the end of 2024 (COB production capacity of 4,000KK/month and MIP production capacity of 6,000KK/month). The company develops, produces and sells itself, responds quickly to customer needs, and supplies in a timely and sufficient manner, which is conducive to further consolidating the company's leading position in the global market. In the future, the company will continue to maintain its leading position in the industry in terms of cost, efficiency and quality, uphold the vision of becoming a leader in the LED light display industry, promote the high-quality development of the LED industry, and bring infinite brilliance to the world!
Unilumin Technology will continue to lead technology, focus on products, consolidate sales and services, and improve quality and efficiency. With resolute technical investment, we will continue to do a good job in COB and MIP and other technologies and Mini/Micro products. In the field of sales and services, the company adheres to the strategy of grasping both quasi-direct sales and channels, continuously upgrades the global sales and service network, and continues to build the ability to respond to the needs of leading customers in the industry, and at the same time deeply cultivates channels, matches products and solutions that meet the needs of channels, and improves customer satisfaction; the company will continue to optimize the organization and management process, continuously improve the efficiency of operating assets, improve the quality of operation, and inject impetus into the company's sustainable growth in the future.
By the end of 2024, the company plans to expand the existing Mini/Micro production capacity of 3000KK/month to 10000KK/month, of which COB production capacity is 4000KK/month and MIP production capacity is 6000KK/month, actively meeting the rapid growth of the Mini/Micro LED market with advanced technology, comprehensive product coverage and sufficient production capacity investment.
At present, the MIP lamp bead 0404 realized by the company has been successfully developed and mass production of modules, and the self-developed substrateless packaging technology has opened up the key steps of 0202 device manufacturing, promoted the continuous and rapid reduction of product costs, accelerated the commercialization process of Micro LED products, and further improved the color uniformity and maintainability of products, which is expected to break through the pixel pitch to below 0.3mm.
In the future, the company will comprehensively carry out the layout of COB and MIP technology routes and products, implement solutions and applications, simultaneously carry out the research and development of COG and silicon-based Micro LED technology, always grasp the development opportunities of cutting-edge technologies, steadily increase market share, and make technical reserves for entering the consumer market.
Unilumin Technology will continue to launch LED industry scenario solutions to open a new cycle of performance growth. The company's light display products and solutions are mainly used in cultural and tourism complexes, commercial complexes, sports complexes, science and technology and art spaces, film and television complexes, urban light displays, industry light display seven business directions Through digital light display technology and solutions, it integrates "hardware + system + software + content + interaction" to provide a set of comprehensive scene solutions with the characteristics of intelligence, high efficiency, system, and energy saving for different scenarios. On the basis of hardware, it promotes the key driving force of system, software and content sales, enhances the added value of the company's overall products, increases customer stickiness, and then brings greater market space and market competitiveness to the company. The company continues to make efforts in light display solutions for large and small scenes, immersive virtual concerts, XR virtual shooting, LED movie screens, and LED conference all-in-one machines, and the diversification of application scenarios has opened a new cycle of performance growth for the company.