San 'an Optoelectronics' performance in 2025 is expected to lose 200 - 400 million yuan

On January 12, 2026, San 'an Optoelectronics disclosed its 2025 annual results forecast. According to preliminary calculations by the company's financial department, the net profit attributable to shareholders of listed companies for the whole year of 2025 is expected to be in the range of-200 million yuan to-400 million yuan; after deducting non-recurring gains and losses, the net profit is expected to be-750 million yuan to-850 million yuan, the annual performance showed a loss trend.

Compared with operating data for the same period last year, San 'an Optoelectronics' total profit in 2024 was 358 million yuan, net profit attributable to shareholders of listed companies was 253 million yuan, and net profit after deducting non-recurring gains and losses was-511 million yuan. In terms of year-on-year performance, the company's net profit loss after deducting non-profit in 2025 has expanded compared with the previous year.

Regarding the core reasons for the pre-loss in this performance, the company has sorted out various superimposed factors: on the one hand, although the proportion of the company's high-end LED products continues to increase in 2025, the revenue scale and profitability of the integrated circuit business have also increased year-on-year, but The filter and silicon carbide businesses in the integrated circuit sector still pose a major drag on the company's overall profit; On the other hand, during the reporting period, the government subsidies received by the company decreased compared with the same period last year, while R & D expenses increased year-on-year, further affecting profit performance. In addition, the adjustment of the difference between the provisional sales price of precious metal scrap and the price trend of the Shanghai Gold Exchange led to a reduction in the company's investment income; in addition, according to the "Accounting Standards for Business Enterprises", the company's reserve for falling prices for inventories with net realizable value lower than cost increased compared with the same period last year, and multiple factors jointly led to performance losses.

Looking back at the operating conditions in the first three quarters of 2025, San 'an Optoelectronics achieved operating income of 13.817 billion yuan, a year-on-year increase of 16.55%; its parent net profit was 88.601 million yuan, a year-on-year decrease of 64.15%. Among them, the single-quarter performance in the third quarter was: operating income was 4.830 billion yuan, a year-on-year increase of 15.67%; net profit attributable to the parent company was approximately-87.8895 million yuan, resulting in a loss in a single quarter.

At the level of business expansion, San 'an Optoelectronics has not slowed down its international layout and development of emerging application fields. In August 2025, the company announced that it plans to join forces with foreign investor Inari Amertron Berhad to acquire a 100% stake in Dutch LED company Lumileds Holding B.V.. The two parties determined that the value of the company was US$239 million. The acquisition is regarded as a key measure for San 'an Optoelectronics to enter the high-end international market and strengthen its competitiveness in the automotive and special lighting fields.

On the emerging track of AR glasses, San 'an Optoelectronics has also taken the lead in launching the layout. On September 12, 2025, Wang Duxiang, general manager of the company's technology center, revealed to the media that relying on its R & D and manufacturing advantages in the two core components of Micro LED and SiC, San 'an Optoelectronics is actively planning and promoting related business layout in the AR glasses application market.