On the evening of March 25, Songsheng disclosed its 2021 annual report. The company achieved operating income of 1.101 billion yuan, a year-on-year increase of 62.74%; net profit attributable to shareholders of listed companies was 129 million yuan, a year-on-year increase of 29.77%; basic earnings per share was 1.56 yuan , an increase of 11.43% year-on-year.
As for the reasons for the growth of performance, Songsheng Co., Ltd. said: First, LED plant lighting, a new growth point in the industry, started quickly and grew rapidly, and the company's first-mover advantage was prominent, driving the rapid expansion of the business scale; second, the overall LED lighting industry "just needs" to drive the power The overall strength is strong, and the emerging application market expands the industry space; third, benefiting from the favorable market development and competition environment, the company continues to leverage its leading competitive advantages to seize market opportunities.
Three major application areas product business system
The business performance of plant lighting driving power supply is eye-catching
In 2021, Songsheng's performance will benefit from the overall rapid growth of market demand in the LED lighting industry, as well as the strong drive of the emerging market for plant lighting, superimposing its business advantages in this field, making the company's business scale continue to maintain rapid growth.
Songsheng Co., Ltd. was established in 2011, focusing on the research and development, production and sales of medium and high-power LED drive power products. It is currently one of the main suppliers of medium and high-power LED drive power products in China. Focusing on the field of LED drive power products that has been deeply cultivated for ten years, the company closely follows the development trend of downstream LED lighting application market technology and demand, and has now formed a product business system in three major application fields of "plant lighting + industrial lighting + outdoor lighting".
During the reporting period, the company continued to explore the incremental space opportunities for applications in emerging markets, driving rapid business growth, and the revenue scale achieved advanced development exceeding 1.1 billion yuan. From the specific operating data, the revenue of plant lighting drive power products achieved 446 million yuan, a year-on-year increase of 435.69%, and the proportion of operating income increased from 12.30% in 2020 to 40.48% in 2021, driving the company's operating income in this period. rapid growth.
During the reporting period, the industrial LED drive power achieved operating income of 354 million yuan, a year-on-year increase of 55.24%, and the proportion of revenue decreased from 33.67% in 2020 to 32.11%; the outdoor LED drive power supply achieved revenue during the period of 250 million yuan, a year-on-year decrease of 21.89% %.
At the same time, thanks to the development of plant lighting driving power supply business, the company's product power structure has been further optimized. The high-power power supply revenue has exceeded 1 billion yuan, and the proportion has further increased to about 92%, of which the proportion of high value-added products above 300W has increased. More, driving the average price of products to increase accordingly. ?
During the reporting period, the company continued to exert its outstanding first-mover advantage in the field of LED plant lighting applications, and further developed the LED drive power business for plant lighting. Focusing on the rapidly developing LED plant lighting application market, the company has formed VP series, M series, VA series, LV series and other special power supply star series products for plant lights, and has continuously launched 800W, 1000W and other ultra-high power models in accordance with customer needs At present, the main products cover the ultra-high power range of 100W-1000W, achieving a relatively comprehensive coverage of market segment application needs.
It is worth noting that on August 4, 2021, Songsheng Co., Ltd. and Fujian Zhongke Biotechnology Co., Ltd. (600201) Co., Ltd., an advanced enterprise in the field of plant lighting in China, signed a strategic cooperation agreement to give full play to the two parties in the LED plant lighting and supporting drive power industry. The dominant position of upstream and downstream will jointly promote the product market expansion of both parties in the field of LED plant lighting.
my country's plant lighting market is still in the early stage of growth. With the continuous growth of demand, the company has huge room for growth. Today, Songsheng's plant lighting LED drive power products have been affirmed by the market. With business potential and strong technical, customer resources, experience and other advantageous barriers, the company is expected to open a fast growth lane.
Songsheng has now formed a product business system in three major application fields of "plant lighting + industrial lighting + outdoor lighting", constantly exploring the incremental space opportunities for emerging market applications, and promoting the rapid growth of the company's business. One of the most competitive supplier brands in the field of power LED drive power products. Relying on the advantages of the first-mover business layout, it has formed a relatively prominent market position in the field of LED plant lighting, successfully created a new growth point for the company's business, and continued to expand its layout in emerging application fields such as smart lighting and UV lighting to realize the value extension of product applications. .
