Analysis of key enterprises in China's lighting industry

Lighting fixtures are electrical equipment used for lighting, including components such as various types of bulbs, lamp tubes, lampshades, lamp holders, brackets, and controllers. The main function of lighting fixtures is to provide light sources so that people can see the surrounding environment clearly in the dark, thereby creating a comfortable working, learning, living and entertainment environment. Lighting fixtures can be designed and manufactured according to usage scenarios and needs, such as indoor lighting, outdoor lighting, stage lighting, landscape lighting, etc.

In modern society, lighting fixtures have become an indispensable part of people's daily life. However, in recent years, China's lighting industry is facing some challenges and opportunities. One of them is the intensified competition in the domestic market. Due to weakening domestic market demand, fierce market competition, and rising labor costs and raw material prices, Chinese lighting companies are facing greater operating pressure.

In addition, the competition in the international market is becoming more and more fierce. Chinese lighting companies need to improve the quality and brand awareness of their products and increase their market share. At present, the key enterprises in my country's lighting industry mainly include Opple Lighting and Sanxiong Aurora.

From the total assets of Opple Lighting and Sanxiong Aurora from 2018 to 2022, it can be seen that the total assets of Opple Lighting have shown an overall growth trend in the past five years, from 7.333 billion yuan in 2018 to 9.077 billion yuan in 2021 Yuan, but will drop to 8.695 billion yuan in 2022. In the past five years, Sanxiong Aurora's total assets have also shown an overall growth trend, from 2.761 billion yuan in 2018 to 3.278 billion yuan in 2022.

Opple Lighting's operating income from 2018 to 2021 showed an overall growth trend, from 8.004 billion yuan to 8.847 billion yuan, but declined in 2022 to 7.27 billion yuan. In contrast, the operating income of Sanxiong Aurora from 2018 to 2022 is 2.433 billion yuan, 2.504 billion yuan, 2.342 billion yuan, 2.709 billion yuan and 2.264 billion yuan respectively.

Opple Lighting's gross profit margin has shown a fluctuating trend over the past five years, growing from 36.46% in 2018 to 37.74% in 2020, but declining to 33% in 2021 and then recovering to 35.72% in 2022 %. The gross profit margin of Sanxiong Aurora has also shown a fluctuating trend in the past five years, increasing from 31.63% in 2018 to 34.81% in 2019, but falling to 32.23% and 27.93% in 2020 and 2021 respectively, and then in 2022 Years have risen to 29.52%. Overall, the overall gross profit margin of Opple Lighting has always been higher than that of Sanxiong Aurora.

Opple Lighting's lighting business revenue from 2019 to 2021 showed a trend of year-on-year growth, from 8.298 billion yuan to 8.735 billion yuan, but declined in 2022 to 7.196 billion yuan. In the past four years, Sanxiong Aurora's lighting business revenue has shown a fluctuating trend. It was 2.364 billion yuan in 2019, dropped to 2.108 billion yuan in 2020, increased to 2.336 billion yuan in 2021, but dropped to 2.336 billion yuan in 2022. 1.967 billion yuan.

In the past four years, Opple Lighting's lighting business gross profit margin has shown a fluctuating trend, increasing from 36.49% in 2019 to 37.54% in 2020, then falling to 32.43% in 2021, but recovering to 2022 35.34%. In contrast, the gross profit margin of Sanxiong Aurora's lighting business in the past four years has also shown a fluctuating trend, dropping from 34.7% in 2019 to 32.46% in 2020, and then continuing to decline to 28.18% in 2021, but It will recover to 30.13% in 2022.

In the past five years, the sales volume and output of Sanxiong Aurora's lighting fixtures have shown a fluctuating trend. In 2018, the sales volume and output of the company's lighting fixtures were 150 million and 156 million respectively; in 2019, both sales and production increased to 182 million and 186 million respectively; in 2020, sales and production increased again , respectively 188 million and 184 million; however, in 2021, the company's lighting fixture sales and production will drop significantly, to 144 million and 105 million respectively; in 2022, sales and production will continue to decline to 119 million and 77 million.

In 2018, the sales and output of Opple Lighting's lighting fixtures were 344 million and 356 million respectively; in 2019, the sales and output decreased slightly to 339 million and 345 million respectively; in 2020, the sales and output increased again, 359 million and 369 million, respectively; in 2021, the company's sales and production of lighting fixtures will continue to grow, at 384 million and 370 million, respectively; but in 2022, sales and production will decline significantly , respectively 287 million and 265 million.

Opple Lighting has a more prominent performance in R&D. It has more R&D personnel (581 people), accounting for a higher proportion (9.28%), and R&D investment is also larger (370 million), accounting for 5.08%. Sanxiong Aurora is relatively low in these indicators, with 257 R&D personnel, accounting for 6.65%, and R&D investment of 56 million, accounting for 2.49%. This shows that Opple Lighting pays more attention to technological innovation and product research and development, and may occupy a more favorable position in the market competition in the future.