Company Overview - The company is Shenzhen Songsheng Electronics Co., Ltd., with stock code 301002 and abbreviation "Songsheng Co." [1] - The investor relations activity took place on February 20, 2025, from 10:00 to 11:30 [2]. Product and Market Insights - The current product shipment cycle is approximately 2 weeks for LED driver power supplies and about 1.5 months for energy storage inverters [2]. - As of the first three quarters of 2024, the company's export revenue accounted for approximately 15.64% of total operating income, indicating significant potential for growth in international markets [3]. Industry Context - The global LED driver power supply market is expected to reach $10.034 billion by 2029, characterized by a competitive landscape with market concentration below 5% for leading companies [4]. - The lighting industry, where China plays a crucial role, has over 60% of global export share, suggesting resilience against the 10% tariffs imposed by the U.S. on Chinese goods [2]. Strategic Developments - The company began its foray into the energy storage sector in 2022, focusing on energy storage inverters, which share technological synergies with LED driver products, enhancing the company's competitive edge [5]. - The outlook for the LED driver power supply market in 2025 is optimistic, with expected recovery in the construction sector and increased demand for high-quality LED lighting solutions [6]. Future Projections - The energy storage subsidiary, Songsheng Innovation, is developing a comprehensive product system for energy storage inverters and converters, with plans for significant market promotion and sales in 2025 [7].
崧盛股份(301002) - 2025年2月20日投资者关系活动记录表