On the evening of April twenty-firstSantakingmegawaysZhou Ming Technology (300232) disclosed its 2023 annual report, and the company achieved total revenue for the whole year 74.Santakingmegaways.1 billion yuan, an increase of 4% over the same period last yearSantakingmegaways.73%, the net profit was 144 million yuan, an increase of 127.06% over the same period last year, and the net profit after deducting non-profit was 153 million yuan, an increase of 187.10% over the same period last year.

According to the annual report, Chau Ming Technology is the world's leading provider of LED display, LED lighting products and lighting solutions. Smart display, as the cornerstone of the company's diversified development, achieved operating income of 6.686 billion yuan in 2023, accounting for 90.22% of the operating income.

Public data show that Zhouming Technology has conquered through years of deep ploughing in the Mini/Micro LED field.SantakingmegawaysA series of technical problems such as display effect consistency, package yield, repair, testing and drive are solved, the technical breakthroughs of COB and MIP packaging products are completed, and Mini/Micro LED products are covered and mass-produced on a large scale from P0.3-P1.8 products. The company plans to expand its existing Mini/Micro capacity 3000KK/ to 10000KK/ month by the end of 2024, including COB capacity 4000KK/ month and MIP capacity 6000KK/ month, to actively meet the rapid growth of Mini/Micro LED market with advanced technology, comprehensive product coverage and sufficient capacity investment.

According to Zhouming Technology, the company's solutions have been successfully applied to world-renowned events, such as 2023 Hangzhou Asian Games, 2023 Men's Basketball World Cup, Shanghai sugar-burning culture VP studio, Shenzhen Huangmugang Smart Lamp Pole Transportation Hub Project, Qingdao MGM Hotel, Sanya Xingyue Movie screen, Yangzhou Canal 4D Theater, Saudi "RiyadhSeason" Carnival, etc., injecting new vitality into these commercial activities.

Overseas, according to the Zhouming Science and Technology Annual report, overseas income reached 4.037 billion yuan in 2023, accounting for 54.48% of the company's operating income, mainly due to the company's consistent adherence to the global layout of the marketing system. At present, the marketing network has covered more than 160 countries, cooperated with more than 5400 dealers and set up more than 20 overseas companies and offices. The company has a talent team building mechanism composed of UCE certification, UPE certification, Zhouming School and other training mechanisms, training more than 2330 professional and skilled personnel. Through years of deep ploughing channels, the company's sales and service network layout breadth, sinking depth, empowerment level has been further improved, and the market advantage has been further revealed.

In terms of innovative business, Zhouming Technology introduced that the company made great progress in artificial intelligence application in 2023, releasing "AI+ multi-display terminal" technology, combining the large language model and edge model of vertical industry to realize the engine fusion decision of task understanding, planning, execution and business process. Multimodal AI digital people based on related technologies have the ability to think, listen, see and speak, which can meet the needs of film and television, radio and television, sports education, exhibition, literature and travel, etc. In addition to AI Digital Man, the company has developed holographic transparent cabinets, meta-universe ecological fish tank screen, UniMetaBox and many other products, deeply combined with LED high contrast, high consistency, accurate color restoration, ultra-low touch marks and other features to provide users with a more immersive and intelligent digital experience, while meeting the needs of different industries.

The first-mover advantage of Zhouming Technology in Mini/Micro LED is due to the company's deep technology cultivation and continuous innovation investment for many years. According to the annual report, the company has 1118 R & D personnel in 2023, accounting for 19.23% of the total number of the company, and R & D investment of 402 million yuan, accounting for 5.42% of income. In 2023, the company added 306 patents, including 61 new invention patents, 2961 patent authorizations, 292 copyright registrations, and more than 200 countries and regions with trademark layouts, and participated in more than 150 international standards, national standards and industry standards. It is understood that the company now has CNAS National Accreditation Laboratory, Guangdong LED Optoelectronic Technology and Application Engineering Center, Shenzhen postdoctoral Innovation practice Base, Shenzhen 8K Ultra High definition LED large screen display Technology Engineering Research Center, Shenzhen HD LED Super large screen display Technology Engineering Lab, Shenzhen LED display Technology Engineering and Development Center and other scientific research and innovation platforms. At the same time, the company has strengthened technical cooperation with the outside world by jointly building an industry-university-research platform with the National Semiconductor Industry Alliance, the Semiconductor Institute of the Chinese Academy of Sciences, the China Institute of Standardization, Tsinghua University and other scientific research institutions and universities. to promote the formation of a collaborative technological innovation system of the whole industry chain.

Zhouming Science and Technology said that in 2024, it will seize the opportunity of change in the Mini/Micro LED industry and occupy a leading position in the industry. With the continuous decline in costs and the continuous expansion of application scenarios, the LED industry has officially ushered in the Mini/Micro LED era. The company will seize the opportunity of industry reshaping, take advantage of the global sales network, continue to provide customers with competitive Mini/Micro LED products, and build an industry-leading advantage in product competitiveness and production capacity. At the same time, it will increase the technical layout of "LED+AI" and constantly explore new application scenarios and market opportunities in the Mini/Micro LED era. At the same time, create a dynamic mechanism for sustainable growth, activate organizational vitality, improve operational efficiency, achieve high-quality development of the company, and bring long-term returns for shareholders.

(article source: China Securities News, China Securities Network)