Zhouming Technology's 2024 Annual Report and 2025Q1 Report released: Steady growth in performance, s

At a time when the global economic environment is full of uncertainty, Zhouming Technology's recently released 2024 annual report and first quarter 2025 financial report are like a shot in the arm, demonstrating its strong strength and development potential in the field of LED display. Not only did we achieve steady growth in revenue, but we also relied on forward-looking strategic layout and new capacity investment plans to lay a solid foundation for future development.
In 2024, Zhouming Technology delivered an outstanding report card, with annual revenue reaching 7.774 billion yuan, a year-on-year increase of 4.90%.
2024 年，洲明科技交出了一份亮眼的成绩单，全年营收达到 77.74 亿元，同比增长 4.90%。Although the net profit attributable to the parent company was 100 million yuan, a year-on-year decrease of 30.86% from last year, and the non-net profit attributable to the parent company was 113 million yuan, a year-on-year decrease of 25.97%, the performance of the company's core business is still remarkable.
The smart display business is undoubtedly the key engine for Zhouming Technology's performance growth.
智慧显示业务无疑是洲明科技业绩增长的关键引擎。The sector's annual revenue reached 7.19 billion yuan, a year-on-year increase of 7.54%, and the sales area exceeded 820,800 square meters, a year-on-year increase of 9.51%, achieving a positive development with both volume and revenue. Its Redio also performed well, contributing revenue of 1.827 billion yuan, adding a lot to the overall performance.
海外市场的拓展成果显著，成为营收增长的重要支撑。During the reporting period, Zhouming Technology's overseas revenue reached 4.777 billion yuan, accounting for 61.45% of total revenue, a year-on-year increase of 18.33%. The growth of regional markets such as Asia and Africa is particularly prominent. This is due to the company's continuous deepening of the international market over the years, continuous optimization of the global marketing network and service system, and the increasing international influence of the brand.
技术创新始终是洲明科技的核心竞争力。The company firmly promotes the parallel technical route of COB and MIP, and deeply deploys the MLED track. It is the first to launch industry first products such as small-pitch LED texture screens and MIP holographic invisible displays, leading the industry's technological trend. At the same time, Zhouming Technology has built a complete industrial chain from independent design of Micro lamp beads, Micro IC collaborative design, to semiconductor device packaging and testing and smart product manufacturing. Successfully broke through the huge transfer technical problem, realized Micro LED 30/50 micron 50/70 micron substrateless technology 0202 chip packaging, and mass-produced P0.4 pitch MIP display products. With these technical advantages, Zhouming Technology's Mini/Micro LED display sales will increase significantly in 2024, and COB and MIP will account for 13%-15% of the company's display business.
Looking forward to 2025, Zhouming Technology has formulated three highly forward-looking strategic layouts.
展望 2025 年，洲明科技制定了三大极具前瞻性的战略布局。The first is to continue to firmly promote the parallel technical route of COB MIP and MIP, with the goal of increasing the internal share to 25%-30%, further consolidating its leading position in the high-end display field; the second is to use LED+AI as the core strategy to build a complete technical ecosystem covering hardware, algorithms, interaction and security, and promoting the deep integration of LED display technology and artificial intelligence; the third is to build a three-axis drive model of hardware + IP + scene services to meet the diverse needs of home, business and public spaces, and create a new ecosystem of immersive experience.
在 2025 年一季度，面对全球关税波动、终端需求走弱等严峻挑战，洲明科技展现出强大的经营韧性。Through localized reconstruction of the supply chain and upgrading of the high value-added product matrix, revenue was achieved of 1.576 billion yuan, a year-on-year increase of 5.63%. At the same time, profitability has been significantly improved. The net profit attributable to the parent company was 54.5767 million yuan, a year-on-year increase of 180.94%; the non-net profit attributable to the parent company was 74.155 million yuan, a year-on-year increase of 737.04%, achieving dual growth in revenue and profit.
Increase investment and open a new chapter in production capacity expansion
In addition to its outstanding performance and clear strategy, Zhouming Technology has also taken an important step in production capacity layout.
除了亮眼的业绩与清晰的战略，洲明科技还在产能布局上迈出重要一步。The company simultaneously issued an announcement that it plans to raise funds to invest in the construction of Micro and Mini LED display and lighting production base projects in Nanchang City (ultimately based on the actual implementation location), with a total investment of no more than 600 million yuan. This investment aims to accelerate the company's development, optimize production capacity distribution, better meet customer needs, integrate high-quality resources, and enhance comprehensive competitiveness. After the successful implementation of the project, it will greatly enhance the company's Micro and Mini LED display and lighting R & D and production capabilities, injecting new impetus into the company's long-term development.

With its solid performance, forward-looking strategy and new production capacity planning, Zhouming Technology has occupied a favorable position in the LED display industry. In the future, with the gradual implementation of strategies and the release of new production capacity, the company is expected to create more brilliance in the industry.