Core Viewpoint - A batch of eye-protection lamps from Opple Lighting was found to be non-compliant with the "harmonic current limit" standard during a quality inspection by the Nanjing Market Supervision Administration, leading to the products being classified as unqualified [1][2][5]. Group 1: Inspection Results - The specific non-compliant product is a "portable lamp" with the model MT001CH-13.5SX, produced by Opple Lighting Electric (Zhongshan) Co., Ltd. The non-compliance was related to the "harmonic current limit" [3][4]. - The harmonic current limit refers to the non-sinusoidal current characteristics introduced by devices or systems, which can lead to increased line losses and affect equipment stability [4]. Group 2: Company Response - Opple Lighting stated that the non-compliant products were produced before the new national standards were implemented, and they have notified distributors to stop selling these products and have initiated a recall [1][5]. - The company has faced similar issues in the past, with another batch of portable lamps failing to meet the same standard during a quality inspection in Shandong Province earlier this year [5]. Group 3: Financial Performance - In 2024, Opple Lighting reported a revenue of 7.096 billion yuan, a year-on-year decrease of 8.96%, and a net profit of 903 million yuan, down 2.28% [6]. - The sales volume of main lighting products declined by 22% and 13%, respectively, with total revenue from these products dropping by 8.59% [6]. - The company's cash flow from operating activities also saw a significant decline, with a net cash flow of 819 million yuan, down 50.86% year-on-year [6]. Group 4: Quality and R&D Concerns - Opple Lighting has been frequently criticized for quality issues, accumulating 695 complaints on the Black Cat Complaint platform, primarily related to product quality and after-sales service [7]. - There is a notable imbalance in resource allocation between marketing and R&D, with marketing expenses significantly higher than R&D expenses, leading to concerns about the company's focus on product development [7][8]. - In the first quarter of 2025, R&D expenses fell to 69.38 million yuan, a year-on-year decrease of 16.78%, indicating a continued trend of reduced investment in R&D [8].