Six companies including Lianjian, Shiyuan and Qianzhao announced their latest results

Recently, companies such as Lianjian Optoelectronics, Xinya Sheng, Qianzhao Optoelectronics, Longli Technology, Vogel Optoelectronics, and CVTE have disclosed their latest results.

■ Lianjian Optoelectronics: 2025 revenue of 512 million yuan

On April 22, Lianjian Optoelectronics released its 2025 performance report.

Data show that the company will achieve operating income of 512 million yuan in 2025, of which digital equipment business revenue will be approximately 505 million yuan, accounting for 98.65% of total revenue. The net profit attributable to the parent company was 8.5343 million yuan, a year-on-year increase of 34.61%; the non-net profit after deduction was -8.6304 million yuan, a year-on-year increase of 28.97%.

In terms of regions, the export revenue of Lianjian Optoelectronics in 2025 will be approximately 301 million yuan, accounting for 58.84% of the revenue, and the proportion will increase year-on-year; the revenue of East China, South China, Southwest, North China, Northwest, Central China, and Northeast China will be divided into They are 73.1443 million yuan, 37.8449 million yuan, 37.1221 million yuan, 21.7183 million yuan, 21.6113 million yuan, 12.0184 million yuan, and 7.1834 million yuan.

According to the announcement, during the reporting period, Lianjian Optoelectronics continued to deepen the product positioning strategy of "mainly standardized products, supplemented by customized products for large customers/large projects" around the three core product lines of "rental, outdoor, and commercial displays", and continuously optimized product structure and market adaptability.

■ New Yasheng: Main business revenue in 2025 is 348 million yuan

On April 22, New Yasheng released its 2025 annual performance report. During the reporting period, the company achieved operating income of 359 million yuan, a year-on-year decrease of 2.21%; net profit attributable to the parent company was 37.1357 million yuan, a year-on-year decrease of 16.23%; non-net profit after deduction was 30.1474 million yuan, a year-on-year decrease of 33.08%.

During the reporting period, Xinya Sheng’s main business revenue was approximately 348 million yuan, and other business revenue was approximately 11 million yuan. Among them, indoor display screen revenue was approximately 129 million yuan, a year-on-year increase of 8.83%; outdoor display screen revenue was approximately 217 million yuan, a year-on-year decrease of 8.27%.

In terms of regional performance, the domestic region increased by 21.33% compared with the previous period, mainly due to the impact of the domestic economic situation, the significant results in the development of new customers in the first half of the year, and the new sales growth points brought by the launch of new products. The overseas region decreased by 3.57% compared with the previous period, which was mainly caused by multiple external influences such as war, the cyclical downturn of the global economy and vicious competition in the industry. Among them, the Middle East and Africa region decreased by 58.74% compared with the previous period, mainly due to geopolitical conflicts, declining demand in the Middle East and other reasons.

In addition, in response to the issue of export risks, Xinya Sheng stated that the company's products are mainly exported, and during the reporting period, expatriates have been dispatched to carry out marketing plans overseas. Localized sales of products have been achieved by establishing overseas warehouses and other methods. As of the end of the reporting period, 4 overseas warehouses had been established. At the same time, the CRM customer management system has been used to strengthen customer relationship management. In addition, enterprises will be committed to the research and development and innovation of new products and new technologies to cope with the impact of the economic environment.

■ Qianzhao Optoelectronics: 2026 Q1 revenue of approximately 409 million yuan

On April 22, Qianzhao Optoelectronics disclosed its first quarter report. The report shows that the company achieved operating income of 409 million yuan in the first quarter of 2026, a year-on-year decrease of 47.27%; net profit attributable to the parent company was 29.6406 million yuan, a year-on-year increase of 6.59%; non-net profit after deduction was -24.0044 million yuan.

The announcement shows that the company's operating income, non-net profits and net cash flow generated from operating activities decreased compared with the same period last year. This was mainly due to the fact that the gold-containing waste in the LED chip production process was affected by the "Announcement of the Ministry of Finance and the State Administration of Taxation on Gold-related Tax Policies" (2025 No. 11), which was changed from external sales to entrusted purification and reuse.

■ Longli Technology: Backlight display module revenue in 2025 is 1.498 billion yuan

On April 23, Longli Technology released its 2025 annual report and first quarter results for 2026.

In the first quarter of this year, Longli Technology achieved total revenue of 368 million yuan, a year-on-year increase of 7.93%; net profit attributable to the parent company was 15.5861 million yuan, a year-on-year decrease of 49.08%; non-net profit after deduction was approximately 13.2896 million yuan.

In 2025, Longli Technology achieved operating revenue of 1.567 billion yuan, a year-on-year increase of 18.72%. Among them, the backlight display module industry revenue was 1.498 billion yuan, accounting for 95.61% of the total revenue. However, due to product structure adjustments, costs increased and gross profits decreased in the short term. Net profit attributable to the parent company was 60.8799 million yuan, a year-on-year decrease of 42.77%; non-net profit after deduction was 48.8074 million yuan.

During the reporting period, Longli Technology adhered to the "1+2+N" development strategy, promoted the penetration of Mini-LED technology into smart driving terminals, and accelerated mass production of the smart driving terminal business; LIPO's new packaging technology products were gradually mass-produced; and it increased relevant investments in development fields such as Micro-LED new display technology, quantum computing, and embodied intelligence.

Among them, in the LED backlight module business, we actively shrink the traditional LED backlight module business, optimize the traditional LED backlight business structure, expand more application areas besides smartphones, tablets, etc., and develop targeted backlight solutions that adapt to new forms. In the smart driving terminal business, we have reached cooperation with Mercedes-Benz, BMW, Hyundai, Volkswagen, NIO, Ideal, SAIC, Geely, Xpeng, BYD, Jikrypton, Huawei (Qinjie, Avita), etc. At the same time, overseas orders have grown rapidly, and many key backlight products have been delivered with high quality and on schedule. In the field of Micro-LED technology, a complete independent intellectual property system has been established.

In 2026, at the innovation level, Longli Technology will take the investment in Quantum Technology as an opportunity to enter the quantum computing ecosystem; and accelerate the layout of Micro-LED technology. According to the announcement, the company has formulated a three-step strategy for Micro-LED technology: in the short term, it will focus on the development of Micro-LED + optical waveguide technology for AR glasses optical systems; in the mid-term, it will expand the development of ADB technology for smart car lights to promote high-performance and projection interactive functions; and in the long-term, it will reserve optical interconnection technology to promote the expansion and upgrade of computing infrastructure.

In terms of market expansion, the company will focus on the intelligent driving terminal business, new LIPO packaging business, and precision structural parts business. Among them, for the smart driving terminal business, it will accelerate the penetration of Mini-LED vehicle-mounted backlight display technology; actively expand application areas horizontally, develop high-visibility Mini-LED technology suitable for outdoor environments, and seize the outdoor market; actively expand overseas markets, and the company has established a Vietnam production base in early 2026.

■ Vogel Optoelectronics: Revenue in 2025 is 2.551 billion yuan

Vogel Optoelectronics announced its 2025 annual report and first quarter results of 2026.

In the first quarter of 2026, Woge Optoelectronics achieved operating income of 594 million yuan, a year-on-year increase of 8.48%; net profit attributable to the parent company was -51.103 million yuan; non-net profit after deduction was -56.447 million yuan. As for the reasons for the change in profits, Vogel Optoelectronics said that it was mainly due to strategic pre-investment, which resulted in an increase in labor costs and depreciation and amortization of long-term assets. The company continued to promote the mass production of new projects.

In 2025, Woge Optoelectronics achieved revenue of 2.551 billion yuan, a year-on-year increase of 14.88%; net profit attributable to the parent company was -158 million yuan, a year-on-year decrease of 29.45%; non-net profit after deducting was -178 million yuan.

During the reporting period, Woge Optoelectronics’ traditional display business segment maintained steady growth and continued profitability, with a solid business model and customer structure. Revenue growth was mainly driven by increased sales of optoelectronic glass finishing and display device products. The two emerging sectors of glass-based new display and pan-semiconductor are still in the strategic investment period. During the reporting period, a number of business progress and order breakthroughs were achieved.

Among them, in the traditional display business, the company's optoelectronic glass finishing business will achieve revenue of 794 million yuan in 2025, a year-on-year increase of 30.47%; the optoelectronic display device business will achieve revenue of 1.336 billion yuan, a year-on-year increase of 7.10%; in the traditional vehicle direction, related products supporting domestic leading car companies are advancing smoothly.

In the new display business, the glass-based circuit boards (GCP) and light panel products produced by Jiangxi Dehong, a wholly-owned subsidiary, have been mass-produced and commercially used in MNT display products, and production capacity has been gradually released. In terms of customer cooperation, glass-based Mini LED backlight products have been supplied to Hisense, and joint development of new products has been promoted. Jointly released the 85-inch glass-based RGB Mini LED TV Z8000. In the field of Micro LED direct display, we are cooperating with many domestic and foreign customers in the terminal and packaging fields to promote the joint development and sample verification of new generation products such as Micro LED direct display and MIP packaging.

In the pan-semiconductor business, Tongge Micro has steadily advanced its customer verification work for products such as communications, semiconductor packaging, optical modules/CPO, and microfluidics; among which, optical module/CPO glass-based packaging carrier boards are currently in the batch sample delivery stage for verification.

■ CVTE: Q1 revenue in 2026 will be approximately 6.203 billion yuan

CVTE announced its first quarter report for 2026. The company achieved operating income of 6.203 billion yuan, a year-on-year increase of 23.95%; net profit attributable to the parent company was 247 million yuan, a year-on-year increase of 52.45%; net profit after deducting non-attributed profits to the parent company was 190 million yuan, a year-on-year increase of 82.52%.

According to the previous performance report for 2025, CVTE will continue to increase investment in technological innovation in 2026, accelerating the application of artificial intelligence and robotics in products; at the same time, it will improve operational efficiency, resist risks, and cultivate new growth momentum amid changes.