The highest growth rate was 148%, and 6 companies including Hikvision, Dahua, and Jufei announced their results.

Recently, Jufei Optoelectronics, Hikvision, Dahua Technology, TCL Electronics, Kangguan Technology, Fuman Micro and other companies have disclosed their latest results.

■ Jufei Optoelectronics: LED products will achieve sales revenue of 3.131 billion yuan in 2025

On the evening of April 17, Jufei Optoelectronics released its 2025 annual report and first quarter results for 2026.

In the first quarter of this year, Jufei Optoelectronics achieved total operating income of 745 million yuan, a year-on-year decrease of 4.44%; net profit attributable to the parent company was 51.1019 million yuan, a year-on-year decrease of 27.68%; non-net profit after deduction was 26.5421 million yuan, a year-on-year decrease of 48.69%; net cash flow generated from operating activities was -76.4708 million yuan, compared with 155 million yuan in the same period last year.

In 2025, Jufei Optoelectronics will achieve a total operating income of 3.449 billion yuan, an increase of 12.97% over the same period last year; the net profit attributable to shareholders of listed companies will be 305 million yuan, a decrease of 10.20% over the same period last year. Among them, LED products achieved sales revenue of 3.131 billion yuan, an increase of 12.70% over the same period last year, accounting for 90.78% of operating revenue, and the overall product yield rate reached 99.14%.

Jufei Optoelectronics regards Mini LED backlight as its core growth curve. Jufei Optoelectronics pointed out that high-end TVs using RGB Mini LED backlight solutions have become the flagship standard in the market, and they have significant potential in terms of color, contrast and control accuracy. At present, the Mini backlight RGB high-end TV solution developed by the company for domestic Hisense, Korean brands and other key customers has achieved priority mass production and delivery of multiple models. The capacity expansion space reserved in Huizhou and Wuhu Industrial Parks also provides flexible support for subsequent orders.

The automotive business has become the second growth pole of Jufei Optoelectronics, and presents a two-way expansion pattern of "display + lighting". In terms of automotive displays, Jufei Optoelectronics is deeply tied to international Tier 1 suppliers such as Valeo and Marelli, focusing on promoting Mini COB and HUD projects, and has extended application scenarios from traditional instruments and central control screens to new areas such as in-car entertainment screens and armrest screens. In terms of automotive lighting, Jufei Optoelectronics' customer network widely covers Japanese, German, domestic new forces and many Tier1 companies. Medium and high-power car lighting products such as 1W and 3W have passed vehicle certification and are supplied in batches on multiple models. In addition to continuing to optimize existing products, Jufei Optoelectronics is developing cutting-edge technologies such as ultra-thin Mini COB car logo lights, MIP glass ambient lights, ADB/Micro LED pixel headlights, and automotive infrared products, trying to establish differentiated advantages in the field of smart car lights and personalized interaction.

■ Hikvision: Total revenue in 2025 is 92.508 billion yuan

Recently, Hikvision released its 2025 annual report and 2026 first quarter report.

In the first quarter of this year, Hikvision achieved operating income of 20.715 billion yuan, a year-on-year increase of 11.78%; net profit attributable to shareholders of listed companies was 2.781 billion yuan, a year-on-year increase of 36.42%.

In 2025, Hikvision’s total revenue in 2025 will be 92.508 billion yuan, a year-on-year increase of 0.01%; net profit attributable to the parent company will be 14.195 billion yuan, a year-on-year increase of 18.52%. In terms of regional markets and business segments, Hikvision's domestic main business revenue in 2025 is 39.845 billion yuan, accounting for 43.07% of the company's overall revenue; overseas main business revenue is 27.217 billion yuan, accounting for 29.42% of the company's overall revenue; innovative business revenue is 25.446 billion yuan, accounting for 27.51% of the company's overall revenue.

In 2025, on the domestic business side, Hikvision's scene digital business will continue to make breakthroughs and open up new space for growth, and the operational efficiency of SMBG channels will be significantly improved; on the overseas business side, developing countries will maintain rapid growth, and major projects in key regions will achieve breakthroughs, with non-distribution revenue accounting for more than 30%, non-video products such as access control, alarms, and commercial displays have grown rapidly, forming the second growth curve on the product side; among innovative businesses, Hikvision Robotics, EZVIZ Networks, Hikvision Weiying, Hikvision Automotive Electronics and other innovative businesses have firmly ranked first in the segmented track and have become the company's new growth engine.

Hikvision stated that in 2026, innovative businesses such as Hikvision Storage, Hikvision Microfilm and Hikvision Robotics will usher in a year of rapid development. Both operating income and net profit are expected to achieve rapid growth. They will not only be an important revenue growth point for the company, but will also become an important profit growth point for the company. At the same time, the domestic and international environment is undergoing tremendous changes and adjustments, and Hikvision's business focus has gradually shifted from pursuing revenue growth to improving business quality. In 2026, the company will continue to improve various business strategies, continue to optimize operating mechanisms and resource allocation, and further improve operating performance.

■ Dahua Co., Ltd.: Achieve operating income of 32.744 billion yuan in 2025

Recently, Dahua Co., Ltd. released its 2025 annual report and 2026 first quarter report.

In the first quarter of this year, Dahua Co., Ltd. achieved operating income of 6.902 billion yuan, a year-on-year increase of 10.33%; net profit attributable to the parent company was approximately 698 million yuan, a year-on-year increase of 6.81%; net profit after non-attribution to the parent company was 589 million yuan, a year-on-year increase of 16.93%; gross profit margin was 43.77%, a year-on-year increase of 3.64 percentage points.

In 2025, Dahua Co., Ltd. will achieve operating income of 32.744 billion yuan, a year-on-year increase of 1.75%; net profit attributable to the parent company is 3.858 billion yuan, a year-on-year increase of 32.77%; net profit after non-attributable to the parent company is 2.730 billion yuan, a year-on-year increase of 16.28%.

During the reporting period, Dahua Technology focused on providing security video surveillance products and solutions. The products are widely used in urban security, traffic monitoring, commercial surveillance and other fields.

In terms of products, Dahua Technology will launch a new LED controller DSCON8000, smart decoder N70 and LED decoder in 2025. Through the deep integration of AI models, DSE encoding and decoding technology, image processing technology and LED control technology, it will promote the system to leap from passive display to active perception, realize independent judgment of intelligent patrols and dynamically display areas of interest on the screen, and improve user experience. In terms of overseas markets, Dahua Technology has launched customized innovative solutions such as charging pile fire monitoring and high-end LED displays in markets such as South Korea. It has also promoted the penetration of new business categories in various overseas segments through the global expansion of innovative business subsidiaries such as Huarui, Huagan and Huaruijie.

■ TCL Electronics: Expected to achieve revenue of 24.2 billion to 26.5 billion yuan in the first quarter

In the first quarter of 2026, TCL Electronics is expected to record revenue of approximately HK$27.8 billion to HK$30.4 billion, an increase of approximately 10% to 20% over the same period last year; and adjusted net profit attributable to shareholders of approximately HK$360 million to HK$400 million, an increase of approximately 125% to 150% over the same period last year.

TCL Electronics believes that although there are still uncertainties in the macroeconomic and geopolitical environment, the company continues to promote the "globalization" and "mid-to-high-end" strategies to enhance product competitiveness, reduce costs and increase efficiency, and drive quality growth in its main business. In addition, due to the low base for the same period in 2025, the company's performance data for the first quarter of 2026 will increase significantly year-on-year.

Overall, TCL Electronics expects that its business will continue to maintain steady development throughout 2026 and will continue to be committed to creating sustainable and high-quality long-term returns for shareholders.

■ Kangguan Technology: Total operating income in 2025 will be 14.473 billion yuan

In 2025, Kangguan Technology will achieve total operating income of 14.473 billion yuan, a year-on-year decrease of 7.15%; net profit attributable to the parent company will be 505 million yuan, a year-on-year decrease of 39.35%.

Among them, intelligent interactive display products achieved operating income of approximately 3.863 billion yuan, a year-on-year increase of 3.42%; the gross profit margin was 19.31%, a slight decrease of 0.61 percentage points year-on-year. The growth in operating income was mainly due to the increase in the scale of electronic whiteboard orders. During the reporting period, electronic whiteboard shipments increased by 19.67% year-on-year. The company dynamically adjusts selling prices based on raw material price trends and the market competition environment, keeping the overall gross profit margin of this business stable.

Innovative display products achieved operating income of approximately 2.002 billion yuan, a significant year-on-year increase of 31.85%; gross profit margin was 16.40%, a year-on-year increase of 4.43 percentage points. The revenue growth is mainly due to the company's own brands "KTC", "Haoli" and "FPD" relying on overseas e-commerce platforms to achieve rapid expansion of business scale in North America, Japan, Europe and other regions. Product shipments in this period increased by 38.18% year-on-year. The business coverage market has further expanded from the original North America and Japan to 10 European countries, and the market layout continues to be optimized.

The smart TV business achieved operating income of approximately 7.873 billion yuan, a year-on-year decrease of 17.37%; the gross profit margin was 11.88%, a year-on-year increase of 1.12 percentage points, and overall remained stable. Shipments during this reporting period decreased by 10.66% year-on-year. The decline in revenue and shipments is mainly affected by the American market. The global trade war in the United States in 2025 has caused customers in the region to maintain a more cautious order volume, and customers have actively postponed delivery to avoid the impact of the window period for the increase in U.S. import tariffs. The company avoids such effects by supplying major semi-finished products domestically to third-party countries for entrusted processing and then re-exporting to the destination.

■ Fuman Micro: Achieve revenue of 852 million yuan in 2025

Recently, Fuman Micro released its 2025 annual report. In 2025, Fuman Micro will achieve operating income of 852 million yuan, a year-on-year increase of 25.05%; the net profit attributable to shareholders of listed companies will be -183 million yuan.

Among them, the integrated circuit business contributed 851 million yuan in revenue, accounting for 99.89% of the total revenue; LED lights, LED control and driver chips revenue was 287 million yuan, a year-on-year increase of 66.64%; MOSFET chip revenue was 120 million yuan, a year-on-year increase of 72.47%; other chip revenue was 134 million yuan, a year-on-year increase of 34.29%.

As of the end of 2025, Fuman Micro has obtained a total of 239 patent authorizations, 446 integrated circuit layout design registrations, and 58 software copyrights. During the reporting period, the company focused on promoting research and development projects such as three-channel low-voltage LED light string driver chips, 600V high-voltage motor half-bridge driver chips, and Buck-Boost charging chips, and continued to improve its product layout.