Core Viewpoint - The demand for UV lamps has surged post-COVID-19, driven by increased hygiene awareness in medical institutions, public places, and various industries, leading to significant market growth in China [1][13]. Industry Overview - UV lamps, short for ultraviolet lamps, are gas discharge lamps that produce UV radiation through ion discharge in a vacuum quartz tube containing high-purity mercury [2]. - The main types of UV lamps include metal halide lamps, mercury vapor lamps, xenon lamps, induction lamps, and UV LED lamps, with UV mercury lamps and UV LED sources being the most prevalent in the market [3]. Development Background - The COVID-19 pandemic has heightened public focus on health, resulting in rapid growth in the demand for UV lamps for disinfection in homes, schools, and commercial spaces [5]. - Technological advancements in the UV lamp industry, such as the development of UV-C LED technology, have significantly improved efficiency, stability, and lifespan while reducing production costs [5]. Industry Chain - The UV lamp industry consists of an upstream segment (raw materials like mercury and quartz glass), a midstream segment (manufacturing), and a downstream segment (application markets including printing, electronics, and healthcare) [7][9]. - Raw material costs account for over 60% of production costs, necessitating strong partnerships with upstream suppliers to ensure stable supply and cost control [9]. Market Demand - The printing and coating sectors are the largest consumers of UV lamps, accounting for over 50% of the market, with the printing sector alone representing more than 30% [11]. - The UV ink market in China has seen rapid growth, with production and demand reaching 128,200 tons and 126,000 tons respectively in 2023, providing substantial growth opportunities for the UV lamp industry [11]. Competitive Landscape - The UV lamp market in China features numerous participants, including international brands like Philips and OSRAM, and domestic companies such as Nanjing Huachang Electronics and Guangdong Xingguang Development [16]. - Domestic companies leverage technological advancements, cost advantages, and localized services to establish a significant presence in the market [16]. Company Analysis - Guangdong Xingguang Development Co., Ltd. reported a total revenue of 192 million yuan in 2024, with UV sterilization lamp sales contributing 29 million yuan, or 14.97% of total revenue [19]. - Xuyu Optoelectronics (Shenzhen) Co., Ltd. achieved a total revenue of 311.9862 million yuan in 2024, with various product categories including UV light sources [21]. Future Trends - The UV-C LED technology is expected to become mainstream due to its efficient sterilization properties, low energy consumption, and long lifespan [23]. - Companies are focusing on developing differentiated products tailored to specific applications, such as smart sensing solutions for medical environments and quiet designs for household use [23].

| 6、问：请问对新航科技的收购大约多久能完成呢？ | | --- | | 答：尊敬的投资者，您好！您提及的事项及项目若有进 | | 展，将按照相关规定进行审议并及时披露，敬请留意公 | | 司公告。感谢您的关注与支持！ | | 7、问：请问公司有回购计划吗？如果没有，公司可以拿 | | 出几个亿分红，为何不愿意拿出几千万来回购呢？证监 | | 会鼓励有能力的公司回购自家股票，我们木林森股份是 | | 没有能力拿出这些钱么？还是说公司压根就不关心公 | | 司在资本市场的表现！ | | 答： 尊敬的投资者，您好！公司将持续深耕主业、强化 | | 研发与市场拓展以做强、做优、做大优势主业，并通过 | | 优化治理、高质量信息披露增强价值传递及投资者互 | | 动，若有回购或股东增持计划将及时公告。感谢您对公 | | 司的关注！ | | 8、问：公司 2024 年度分配预案为拟向全体股东每 10 | | 股派现 0.5 元（含税）。请问公司是基于怎样的财务状 | | 况和发展战略考虑制定这样的分红方案的？ | | 答：您好！公司遵循关于分红的相关政策法规，综合考 | | 量公司股本规模、盈利水平、投资规划及现金流 ...

阳光照明（600261.SH）今年4月在年报中透露，2024年年底，其泰国工厂已开启向美国出口灯具的业 务。目前，其泰国工厂已具备年产500万套出口美国灯具的生产能力。此外，阳光照明2024年与越南照 明合作方合作的出口至美国的灯具产品金额已近千万美元。阳光照明2024年在北美洲的营收达8.97亿 元，同比增长14.89%。 与此同时，中国LED照明企业在东南亚、墨西哥等地建设海外工厂的步伐没有停止，全球化布局持续推 进。 广东光亚照明研究院常务副院长兼首席研究员温其东告诉第一财经记者，此次关税调整后，90天内，中 国LED光源出口到美国的关税是在基础关税之上增加30%，LED照明灯具出口到美国的关税是在基础关 税之上增加55%，总体关税在30%-67.5%之间，比过去一个月大幅降低。受此影响，现在中国对美国出 口的LED照明产品正在重新出货。 温其东预计，今后美国关税目前，中国出口美国LED照明产品转到东南亚生产较多，少数转移到墨西哥 生产。他预计，更多中国照明企业将在海外布局产能，从"产品出海"迈向"产业链出海"。 有向美国市场出口照明产品的鸿兴创谷的创始人邓秋平，对美国关税调整的消息表示"高兴"。 光配 ...

证券代码：002745 证券简称：木林森 公告编号：2025-019 木林森股份有限公司 关于举行2024年度网上业绩说明会的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，公告不存在虚假记载、误导性 陈述或者重大遗漏。 出席本次网上说明会的人员有：董事长孙清焕先生、财务总监兼董事会秘书李冠群先生、 独立董事米哲先生。 敬请广大投资者积极参与。 特此公告。 木林森股份有限公司 董事会 为便于广大投资者进一步了解公司2024年年度经营情况，公司定于2025年05月16日（星期 五）下午15:00至17:00时在"约调研"小程序举行2024年度网上业绩说明会。本次网上业绩说 明会将采用网络远程的方式举行，投资者可登陆"约调研"小程序参与互动交流。为广泛听取 投资者的意见和建议，提前向投资者征集问题，提问通道自发出公告之日起开放。 参与方式一：在微信小程序中搜索"约调研"； 参与方式二：微信扫一扫以下二维码： 投资者依据提示，授权登录"约调研"小程序，即可参与交流。 木 林 森 股 份 有 限 公 司 （ 以 下 简 称 " 公 司 "） 已 于 2025 年 4 月 25 日 在 巨 潮 资 讯 网 （ ...

尽管公司在年报中强调，薪酬调整是基于公司整体业绩和高管个人贡献的综合考量，但投资者对此并不 买账。尤其是在公司净利润连续两年下滑的情况下，董事长薪酬的暴涨显得尤为刺眼。投资者普遍认 2025年5月6日，木林森公司发布了2024年年报。数据显示，公司2024年营业总收入为169.10亿元，同比 下降3.57%；归属净利润为3.74亿元，同比下降13.06%；扣非净利润为3.11亿元，同比下降22.27%。尽 管公司在品牌建设和智能制造方面持续投入，但多项关键财务指标均出现下滑，显示出公司面临的经营 压力。 营收净利润双降，全球市场波动成主因 木林森2024年的财务表现不容乐观。营业总收入同比下降3.57%，归属净利润和扣非净利润分别下降 13.06%和22.27%。这一下滑趋势与全球LED照明市场的波动密切相关。2024年，全球政治经济局势动 荡，地缘政治紧张，导致LED照明市场的增长节奏放缓。木林森作为全球LED照明领域的领军企业，不 可避免地受到外部环境的影响。 公司的主要收入来源为电气机械和器材制造业，其中两大品牌"朗德万斯"和"木林森"分别贡献了总营收 的57.05%和40.02%。然而，"朗德万斯"品 ...

Core Viewpoint - The company reported a decline in revenue and net profit for 2024 and Q1 2025, primarily due to a decrease in overseas income and the impact of geopolitical tensions on the global LED lighting market [1][2]. Financial Performance - In 2024, the company achieved operating revenue of 16.91 billion yuan, a year-on-year decrease of 3.57%, and a net profit attributable to shareholders of 374 million yuan, down 13.06% [1]. - For Q1 2025, the company reported operating revenue of 3.886 billion yuan, a decline of 2.82% year-on-year, with a net profit of 143 million yuan, down 21.30% [1]. Market Analysis - The decline in 2024 was mainly attributed to a 9.04% drop in revenue from the brand Langdawans, which generated 9.647 billion yuan compared to 10.606 billion yuan in 2023. In contrast, the brand Mulinsen saw a slight increase in revenue to 6.768 billion yuan from 6.580 billion yuan, driven by its influence in smart lighting and other sectors [2]. - The global LED lighting market is expected to recover in 2025, with a projected market size of 56.626 billion USD, driven by economic recovery and increasing demand for high-quality and healthy lighting [2]. Future Outlook - The traditional lighting market is anticipated to remain the dominant force in global lighting market growth, particularly in emerging markets and renovation projects for old buildings [3]. - The company has adjusted its net profit forecasts for 2025 and 2026 to 681 million yuan (down 25.41%) and 1.037 billion yuan (down 9.75%), respectively, while introducing a new forecast of 1.149 billion yuan for 2027 [3]. - The company is recognized as a leading provider of LED packaging and lighting application solutions in China, with a positive long-term development outlook and a maintained "buy" rating [3].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future investment returns [5][12]. Core Viewpoints - The company's revenue for 2024 is projected to decline slightly by 3.57% year-on-year to 16.91 billion yuan, primarily due to a decrease in overseas income [1][2]. - The company is expected to enter a recovery growth phase in 2025, with a forecasted revenue increase of 6.60% to 18.03 billion yuan [4][3]. - The global LED lighting market is anticipated to recover in 2025, driven by economic recovery and increasing demand for high-quality and healthy lighting solutions, with a projected market size of 56.63 billion USD [2][3]. Summary by Sections Financial Performance - In 2024, the company achieved a net profit of 374 million yuan, down 13.06% from the previous year [1]. - For Q1 2025, the company reported a revenue of 38.86 billion yuan, a decrease of 2.82% year-on-year, with a net profit of 1.43 billion yuan, down 21.30% [1][2]. - The company's main brand, Langdawans, saw a revenue decline of 9.04% in 2024, while the domestic brand, Mulinsen, experienced slight growth [2]. Market Outlook - The traditional lighting market is expected to remain the dominant force in global lighting market growth, despite the rise of smart lighting [3]. - The report highlights the ongoing demand for upgrading traditional lighting in various sectors, including buildings and public facilities, which will sustain strong growth in this segment [3]. Profit Forecast and Valuation - The profit forecasts for 2025 and 2026 have been adjusted downwards to 681 million yuan (down 25.41%) and 1.04 billion yuan (down 9.75%), respectively [3][4]. - The report projects a net profit of 1.15 billion yuan for 2027, indicating a positive long-term growth trajectory for the company [3][4].

Core Viewpoint - The company, Mulinson Co., Ltd., focuses on lighting brand development and LED source technology innovation, aiming to provide efficient, energy-saving, and environmentally friendly lighting products and solutions globally [3][4]. Company Overview - Mulinson is engaged in various lighting sectors, including residential, commercial, industrial, and outdoor lighting, establishing a complete industry chain from LED packaging to lighting applications [3]. - The company emphasizes smart lighting, increasing R&D investment to integrate smart manufacturing with a global sales network, utilizing IoT and big data for advanced lighting system functionalities [3][4]. Brand Business - The company promotes its global brand matrix, including "LEDVANCE" and "SYLVANIA," establishing a strong market presence in over 50 countries [4][5]. - The domestic brand "Mulinson" has built a strong reputation over 20 years, with products widely used in smart lighting, plant lighting, photovoltaic energy storage, and air purification [5][6]. Innovation and Market Strategy - Mulinson focuses on innovation in product design, launching products in health lighting, smart lighting, and sustainable lighting, aligning with global trends [5][6]. - The company is expanding its market presence in emerging markets while optimizing existing channel layouts and enhancing digital operations [6][7]. Smart Manufacturing - Mulinson has developed an advanced smart manufacturing system that integrates automation, intelligent control, data analysis, and flexible manufacturing [9]. - The company is investing in cutting-edge technologies like Mini/MicroLED and small-pitch displays to enhance product quality and production efficiency [9][10]. Financial Highlights - For the fiscal year 2024, the company reported a net profit attributable to shareholders of approximately 373.79 million yuan, with a proposed cash dividend of 0.50 yuan per 10 shares [33][34]. - The company plans to use up to 3.8 billion yuan of its own funds for entrusted wealth management, ensuring operational needs are met [36][37]. Shareholder Information - The company will hold its annual shareholder meeting on May 20, 2025, to discuss various proposals, including the profit distribution plan and the appointment of the accounting firm for 2025 [52][53].

木林森股份有限公司 木林森股份有限公司 2024 年财务报告 木林森股份有限公司 2024 年财务报告 2025 年 4 月 1 木林森股份有限公司 木林森股份有限公司 2024 年财务报告 第十节财务报告 一、审计报告 | 审计意见类型 | 标准的无保留意见 | | --- | --- | | 审计报告签署日期 | 2025 年 04 月 24 日 | | 审计机构名称 | 容诚会计师事务所（特殊普通合伙） | | 审计报告文号 | 容诚审字[2025]518Z1091 号 | | 注册会计师姓名 | 潘新华、吴凯民、张力佳 | 审计报告正文 木林森股份有限公司全体股东： 一、审计意见 我们审计了木林森股份有限公司（以下简称木林森公司）财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现 金流量表、合并及母公司所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映 了木林森公司 2024 年 12 月 31 日的合并及母公司财务状况以及 2024 年度的合并及母公司 经营成果和 ...

证券代码：002745 证券简称：木林森 公告编号：2025-014 木林森股份有限公司 关于召开2024年年度股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 根据木林森股份有限公司（以下简称"公司"）第五届董事会第十八次会议 决议，定于2025年5月20日（星期二）召开2024年年度股东大会，现将有关事项 通知如下： 一、召开会议的基本情况 1、股东大会届次：2024年年度股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：公司第五届董事会第十八次会议审议通过《关 于召开2024年年度股东大会的议案》。本次股东大会会议的召开符合有关法律、 行政法规、部门规章、规范性文件、深交所业务规则和《公司章程》等的规定。 4、会议召开的日期、时间： （1）现场会议召开时间：2025年5月20日（星期二）下午15:00 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为： 2025年5月20日9:15 -9:25，9:30 -11:30及13:00 -15:00；通过深圳证券交易所互 联网投票系统投票的时间为：2025年 ...