Core Viewpoint - The company, Songsheng Co., is a leading domestic manufacturer and developer of LED drivers for plant lighting, and it aims to actively explore related business opportunities in conjunction with its existing industrial layout [1] Group 1 - The company is recognized as a leading player in the plant lighting LED driver power supply sector in China [1] - The company is committed to integrating its current industrial layout with new business opportunities [1]

Core Viewpoint - The Ministry of Agriculture and Rural Affairs emphasizes the development of technology-driven and green agriculture to enhance food security and agricultural productivity in non-traditional farming areas [1] Group 1: Company Initiatives - The company, as a core supplier of LED drivers for plant lighting, aims to leverage technological innovation to introduce smarter and more efficient products [1] - The company is also focusing on integrating energy storage components with plant lighting technology to support agricultural technological advancements [1] Group 2: Industry Trends - The promotion of plant lighting technology is seen as a way to expand agricultural production boundaries, particularly in challenging environments like deserts and Gobi regions [1] - The government's push for a diversified food supply system aligns with the company's strategic direction in supporting sustainable agricultural practices [1]

Group 1: Company Overview and Operations - Shenzhen Songsheng Electronics Co., Ltd. established Shenzhen Songsheng Robot Transmission Technology Co., Ltd. in June 2025, focusing on the R&D and manufacturing of high-performance key components such as harmonic reducers and intelligent joint modules, applicable in automation and robotics [2]. - The company has implemented digital and intelligent management in production, leading to improved production efficiency and product consistency, optimizing labor and manufacturing costs [3]. Group 2: Financial Performance - The gross margin for the company's energy storage core components was 24.84% in the first half of 2025, with potential for further improvement as production scales up [7]. - The company has adopted cost control measures to enhance profitability, including strict management of period expenses [3]. Group 3: Market Trends and Projections - According to TrendForce, the LED plant lighting market is projected to reach $1.366 billion in the first half of 2025, with a year-on-year growth rate of 3.9% [4]. - The LED plant lighting market is expected to grow to $2.056 billion by 2029, with a compound annual growth rate (CAGR) of 9.4% from 2024 to 2029, driven by the adoption of smart LED growth lights and advanced agricultural technologies [5]. Group 4: Impact of Tariffs - The company has managed to mitigate the impact of tariffs on its LED driver power supply business through global layout strategies and cost reduction measures, despite significant pressure from tariffs in the domestic lighting industry [8][9]. - The impact of tariffs on the energy storage core components business is considered manageable, as most clients are domestic integrators and installers, with limited direct exports [9]. Group 5: Future Growth Opportunities - Future growth in the LED driver power supply sector is anticipated in outdoor, industrial, and emergency lighting applications, as the market seeks to replace outdated lighting products [9]. - The company is actively participating in various energy exhibitions to enhance the market presence of its energy storage subsidiary, which is expected to boost sales further [9].

Core Insights - The company, Songsheng Co., has developed a plant lighting LED driver power supply that meets global standards and offers high efficiency with low heat consumption [2] - The product features multiple protections, integrated power supply, and smart light control, catering to the photosynthetic needs of crops in plant factories [2] - The driver allows for high-precision dimming with a ±5% accuracy, effectively matching the spectral requirements of plants at different growth stages [2] Company Overview - Songsheng Co. specializes in the research, design, and production of LED driver power supplies for plant lighting [2] - The company's products are applicable in various settings, including plant factories and vertical farms, indicating a broad market potential [2]

Group 1 - The company, Songsheng Co., is a leader in the plant lighting LED driver power supply industry [2] - The company has participated in several significant projects, including the world's first ultra-high-rise plant factory and crop breeding accelerator demonstration project by the Chinese Academy of Agricultural Sciences [2] - The company has accumulated strong experience in integrated plant lighting and photovoltaic agriculture [2] Group 2 - The company aims to actively seize opportunities in plant lighting and photovoltaic agriculture business [2] - The company plans to increase the application of its products in plant lighting and integrated photovoltaic projects [2]

Group 1 - The company, Songsheng Co., will continue to focus on the development of LED drivers for plant lighting [2] - The company aims to leverage its technological achievements in the energy storage core component field to provide solutions for the large-scale application of plant lighting [2] - The offerings will include LED drivers, energy storage core components, and energy solutions [2]

Core Viewpoint - The company, as a key supplier of LED drivers for plant lighting, emphasizes its commitment to technological innovation and the continuous launch of smarter and more efficient products in the plant lighting LED driver segment [1] Group 1: Company Strategy - The company plans to leverage its experience in energy storage core components and integrated applications of plant lighting and energy storage to seize market opportunities [1] - The company is focused on actively developing and introducing new products in the plant lighting LED driver market [1]

Core Viewpoint - The company, Songsheng Co., Ltd. (301002), emphasizes its commitment to technological innovation in the field of plant lighting LED driver power supplies, aiming to continuously launch smarter and more efficient products while leveraging its experience in energy storage components and integrated applications of plant lighting and energy storage [1] Group 1 - The company is recognized as a core supplier of plant lighting LED driver power supplies [1] - The company plans to actively seize market opportunities by combining its expertise in energy storage and plant lighting [1] - The company is focused on the development of new intelligent and efficient products in the plant lighting LED driver power supply sector [1]

Core Viewpoint - The company is optimistic about the prospects of plant lighting applications and is continuously investing in research and development of new materials and technologies for plant lighting [1] Group 1: Product Development - The company has launched the EP-M Class2 programmable LED driver for the North American market, which supports dual-channel output to drive two sets of LED light sources simultaneously [1] - This new product allows for precise control of different areas or light effects, catering to the varying light intensity needs of different plants at different life stages [1] - The company's plant lighting LED driver also features multi-device linkage for intelligent control, facilitating convenient management for large-scale cultivation [1] Group 2: Industry Impact - The continuous iteration of the performance and intelligence of plant lighting LED drivers by the company is aimed at promoting the application of plant lighting in modern agriculture [1]

Group 1 - The company, Songsheng Co., Ltd. (301002), is optimistic about the prospects of plant lighting applications and is continuously investing in research and development of new materials and technologies for plant lighting [1] - The company's LED driver power supply for plant lighting is centered around intelligent dimming technology, allowing users to adjust the spectrum according to the different growth stages of plants, thereby enhancing growth efficiency [1] - The product also features multi-device linkage for intelligent control, providing convenient management solutions for large-scale planting [1]