Plant lighting accounts for the highest proportion, and will continue to increase investment

2021-09-15

At present, Sosen has formed a product business system in three major areas of "plant lighting + industrial lighting + outdoor lighting". In the first half of 2021, the sales revenue of plant lighting products accounted for 40.41%, becoming the largest source of revenue. At the same time, outdoor lighting and industrial lighting are still an important source of contribution to its performance. Among them, industrial lighting power supply revenue of 181 million yuan in the first half of the year, accounting for 32.77%, a year-on-year increase of 72.86%.

For the development prospects of this subdivision of plant lighting, Sosen shares are full of confidence, and will continue to increase investment in technology research and development of products in this field in the future, while continuing to deepen downstream customers, multi-dimensional development, and consolidate the company's plant lighting drive power supply field First mover advantage.

Deepen the cooperation with Zhongke San'an and expand the market in all directions

On August 4, Sosen announced that it has reached a long-term cooperation with Zhongke San'an to jointly expand the plant lighting market. In fact, the two parties began normal business exchanges as early as 2020. During the cooperation process, Sosen shares mainly supply plant lighting LED drive power to Zhongke San'an.

This time, on the basis of the original good cooperation relationship, further comprehensive cooperation, including the development of new technology research and development projects, market promotion, brand promotion, etc., will further deepen the product market expansion of both parties in the field of plant lighting, and jointly provide end customers Product solutions.

Through all-round cooperation, Sosen shares and Zhongke San'an will give full play to their respective strengths in different fields of the LED industry and their superior positions and complementary advantages in the upstream and downstream of the industry chain to better expand the plant lighting market.

Stable orders in hand, optimistic about the continued growth of market demand

In terms of products, Sosen shares believes that from the perspective of practical applications, plant lighting does not limit the power supply that must use a certain power, and mainly provides the corresponding optimal power segment products according to the specific needs of customers. However, because the power required for application scenarios such as plant factories is generally larger, the company's plant lighting power supply focuses on greater power. At present, the company has a 1000W plant lighting power supply.

As for the current demand situation and future order development trends, Sosen shares pointed out that at present, the demand for plant lighting power supplies in the entire market is still showing a relatively strong trend, and the company's orders in hand are relatively stable.

In terms of seasonal changes in orders, Sosen shares said that from the analysis of past sales, no matter which lighting field drive power products have obvious seasonality. The LED plant lighting planting is not restricted by time and space, and its demand is mainly determined according to the production plan of the downstream lighting manufacturer and the production arrangement of the application terminal plant factory. However, generally speaking, due to the impact of the Spring Festival stocking arrangements in the fourth quarter, the demand for orders was relatively strong compared with other quarters.

Looking forward to the future, Sosen shares believe that LED plant lighting is a modern smart agricultural technology that the country is currently increasing support for scientific research and popularization. Under this background, combined with the growth and proportion of plant lighting products from last year to the present , The market demand for plant lighting will maintain a relatively stable growth.