Unilumin Technology, Dongshan Precision, and Xinruida release annual reports

Recently, Unilumin Technology, Dongshan Precision, and Xinruida disclosed their latest results.

■ Unilumin Technology: Revenue in 2025 is 8.093 billion yuan

Unilumin Technology releases its 2025 annual report and first quarter results for 2026.

In the first quarter of 2026, Unilumin Technology achieved total operating income of 1.40 billion yuan, and net profit attributable to the parent company was -83 million yuan. The announcement stated that the pressure on this period's performance was mainly due to the delay in delivery of overseas orders in the first quarter due to shipping. In the first quarter, the RMB appreciated significantly against the U.S. dollar and the euro, and the company incurred an exchange loss of 80.25 million yuan, which had a greater impact on profits. At the same time, the gross profit margin of the combined business has fallen, which has jointly led to periodic pressure on the operating performance of this period.

In 2025, Unilumin Technology will achieve operating income of 8.093 billion yuan, net profit attributable to the parent company of 63.162 million yuan, and net profit after non-attributable profit to the parent company is 16.4714 million yuan. Mainly due to the decline in the proportion of overseas business revenue and gross profit margin and the provision of related impairments.

In terms of products, Unilumin Technology’s smart display product revenue in 2025 will be 7.635 billion yuan, a year-on-year increase of 6.19%; smart lighting product revenue will be approximately 406 million yuan, a year-on-year decrease of 20.56%. Regionally, domestic business achieved revenue of 3.393 billion yuan, a year-on-year increase of 14.62%; overseas business achieved revenue of 4.701 billion yuan, a slight decrease of 1.59% year-on-year.

Among them, the performance of each business is as follows:

AI+ light display solution segment: Relying on core technologies such as UniAIoT intelligent platform, Mont Blanc AI image quality engine, and vertical large models, a complete AI light display product system is built.

Mini/Micro LED segment: achieved revenue of 1.254 billion yuan, a year-on-year increase of 49.1%, accounting for 15.49% of total revenue. The products cover the P0.3-P1.8 full pitch segment, completed the batch delivery of P0.4 real pixel products, completed the development and verification of mass-produced P0.3MIP display products, and completed the AM driver MIP1313 products, and applied to batch products P3.9 holographic screen, achieving a high transmittance of 92% and reducing power consumption by 30%.

Rental products/XR virtual shooting/movie screen/texture screen segment: In terms of rental products, high-end rental screens lead the global market share and achieved revenue of 2.099 billion yuan;

Creative display project: Focusing on special products such as spherical screens, combined with major benchmark cases, it achieved revenue of 287 million yuan, a year-on-year increase of 227%.

■ Dongshan Precision: Optoelectronic display module revenue is 1.436 billion yuan

On the evening of April 21, Dongshan Precision released its 2025 annual report.

In 2025, Dongshan Precision will achieve operating income of 40.125 billion yuan, a year-on-year increase of 9.12%; net profit attributable to the parent company is 1.386 billion yuan, a year-on-year increase of 27.67%; non-net profit after deduction will be 966 million yuan, a year-on-year increase of 7.5%.

From the perspective of specific products, during the reporting period, Dongshan Precision’s main businesses included electronic circuits, optical modules, precision components, optoelectronic display modules, etc. The revenue of the four major products in 2025 was 25.62 billion yuan, 5.986 billion yuan, 5.930 billion yuan, and 1.436 billion yuan respectively, accounting for 63.8%, 14.92%, 14.78%, and 3.58% of the revenue respectively.

Dongshan Precision stated that with the industry development opportunities brought by AI technology, "optical module + AI PCB" has become the company's core product highlight and the key to differentiated competition. Relying on Source Photonics, the company has full-process self-research and mass production capabilities for optical chip IDM. It is one of the few companies in China and one of the few companies in the world that has achieved large-scale mass production of high-end EML optical chips. The product speed covers 2.5G~200G full matrix, focusing on the 100G/200G PAM4 EML high-end series.

In the field of optical modules, the company has implemented a full industry chain layout, with products covering all rates from 10G to 1.6T, and continues to promote the research and development of next-generation optical modules of 3.2T and above, becoming the company's new core growth pole. Multek already has professional manufacturing capabilities for ultra-high multi-layer and 7-level thick plate HDI PCBs with 78 layers and above.

Facing the future, Dongshan Precision stated that in 2026, it will focus on key product areas such as "optical modules + AI PCB". Among them, on the AI hardware track, Dongshan Precision will continue to expand its batch delivery capabilities and market share of 800G and 1.6T high-speed optical modules. We will make every effort to promote the construction of a new AI PCB base and successfully put it into production, improve the supply scale and supporting capabilities of high-end PCB products such as multi-layer boards and HDI in the field of AI servers, and continue to strengthen the synergistic advantages of the "optical module + AI PCB" product matrix.

■ Xinruida: Revenue in 2025 is 989 million yuan

Xinruida announced its 2025 annual report and first quarter results in 2026.

In the first quarter of this year, Xinruida achieved total operating income of 226 million yuan, a year-on-year decrease of 12.55%; net profit attributable to the parent company was 30.4613 million yuan; deducting non-net profit was 26.7083 million yuan.

In 2025, Xinruida will achieve total operating income of 989 million yuan, a year-on-year decrease of 16.44%; net profit attributable to the parent company is 125 million yuan, a year-on-year increase of 5.90%; non-net profit after deduction is 107 million yuan, a year-on-year increase of 6.75%.

Xinruida said that the growth in net profit attributable to the parent company mainly came from the incremental contribution of Mini display modules and the reduction in credit provisions caused by the increase in sales collections.

In terms of products, in 2025, the display module business revenue will be 877.953 million yuan, accounting for 88.78% of the total revenue, a further increase from the previous year; the display terminal revenue will be 93.545 million yuan, accounting for 9.46% of the total revenue; the health smart light source revenue will be 899,400 yuan.

During the reporting period, Xinruida jointly promoted Micro LED micro-display full-color technology and core optical-mechanical research for AR-AI display, and the relevant prototype verification work is currently being carried out in an orderly manner. In the field of Mini LED display technology, it signed a joint technical cooperation project with Hisense Group Holdings Co., Ltd. on the "Research and Industrialization of Small HP Value RGB Module System Technology Solutions".