Core Viewpoint - Songsheng Co., Ltd. reported a total operating revenue of 884 million yuan for 2024, representing a year-on-year growth of 15.78% [1] Group 1: Financial Performance - In 2024, the company achieved a 29.14% year-on-year increase in the sales volume of LED driver power products [1] - Revenue from LED driver power products grew by 14.66% year-on-year, further solidifying the company's market position [1] Group 2: Business Overview - Songsheng Co., Ltd. is a leading manufacturer of LED driver power supplies in China, focusing on medium and high-power LED lighting driver power supplies and energy storage inverters/converters [1][2] - The company's core business of high-power LED lighting driver power supplies has been developed over more than a decade and is essential for various LED lighting applications [2] Group 3: Competitive Advantages - The company's core competencies are highlighted in six areas: technological accumulation, R&D responsiveness, quality control, scale manufacturing, digital operations, and brand reputation [2] - As of the end of 2024, Songsheng Co., Ltd. holds 196 authorized patents, including 193 domestic patents and 3 foreign patents, with a significant focus on invention and utility model patents [2] Group 4: R&D Investment - In 2024, the company's R&D investment reached 115 million yuan, a year-on-year increase of 25.39%, accounting for 13.07% of its operating revenue, which is a leading level in the industry [2] Group 5: Brand Recognition - The company's own brand "Songsheng Power" has been recognized as a "Shenzhen Famous Brand," "Excellent LED Power Brand," "Internationally Credible Brand," and "Bay Area Famous Brand" [3]
崧盛股份：2024年营业总收入8.84亿元，同比增长15.78%