Lianjian Optoelectronics and CVTE released financial reports

On April 22, Unilumin Technology (300269) released its 2025 annual report. The company recorded operating revenue of RMB 512 million, a year-on-year decrease of 23.1%. Net profit attributable to parent company stood at RMB 8.53 million, up 34.6% year on year. Its non-recurring net loss narrowed from RMB 12.15 million in the previous year to RMB 8.63 million. Net cash flow from operating activities was negative RMB 40.85 million, down 130.7% year on year. The fully diluted earnings per share (EPS) reached RMB 0.0155.

In the fourth quarter alone, operating revenue hit RMB 130 million, a year-on-year drop of 33.5%. The company posted a net loss of RMB 9.7 million attributable to the parent, down 173.3% year on year, with a non-recurring net loss of RMB 15.14 million, plunging 1613.9% year on year. EPS for the quarter was RMB -0.0177.

By the end of the fourth quarter, the company’s total assets amounted to RMB 665 million, down 16.5% from the end of last year. Net assets attributable to parent company were RMB 95.41 million, a year-end increase of 6.1%.

In its 2025 annual report, the company stated that it will continue to focus on the R&D, manufacturing and sales of LED display products, especially integrated overall solutions for high-end display equipment and display control systems. It plans to increase investment in key clients and large-scale projects to enhance market competitiveness and service quality, and gradually transform itself from a traditional manufacturer into an integrated scenario solution provider.

In the management discussion and analysis section, the report emphasized that the company will concentrate resources on product innovation and technological R&D in 2025, particularly in fine-pitch and micro-pitch display technologies. Meanwhile, it will optimize supply chain management by establishing long-term partnerships with high-quality suppliers to ensure stable raw material supply and consistent product quality. In addition, despite macroeconomic headwinds and intensifying market competition, the company has demonstrated solid resilience and remains committed to achieving high-quality and sustainable development.

On the evening of April 22, CVTE (002841.SZ) released its 2026 first-quarter financial report. During the period, the company achieved operating revenue of RMB 6.203 billion, up 23.95% year on year. Net profit attributable to parent company reached RMB 247 million, surging 52.45% year on year, while non-recurring net profit amounted to RMB 190 million, a sharp increase of 82.52% year on year, marking a strong start to the year.

On a quarterly basis, CVTE has posted year-on-year growth in both revenue and net profit for three consecutive quarters, with all business segments gaining accelerated momentum. Supported by solid historical performance, the intelligent components business maintained robust growth. The liquid crystal display main control board segment further consolidated its market share relying on established market positioning and technological barriers. Three emerging sectors — home appliance controllers, automotive electronics and power electronics — achieved rapid revenue growth through product iteration and market expansion.

In the education intelligentization track, CVTE seizes opportunities brought by policy guidance and market demand, further consolidating its leading position in the industry. The company recently launched a lineup of new educational AI products including Seewo 8th-generation interactive intelligent panels, and unveiled the Seewo AI Edge Intelligent Education Ecosystem. This milestone move realizes full-link integration of computing power, data, terminal devices and application scenarios, building a solid moat for its educational AI layout.

In brand globalization, MAXHUB’s overseas business is poised to maintain rapid growth. At ISE 2026, MAXHUB launched a host of flagship products, including the industry’s first all-in-one conference audio and video device optimized for Microsoft Teams Rooms through in-depth cooperation with Microsoft, fully upgrading product competitiveness. Meanwhile, MAXHUB partnered with Microsoft to launch the global Co-Create 100 Initiative, joining hands with 100 leading global enterprises to build Microsoft Teams intelligent meeting rooms and further accelerate its global expansion.

In the robotics business, CVTE continues to upgrade its layout from single robotic devices to system-level solutions based on its full-stack self-developed technology system. At the Canton Fair, the company showcased combined solutions such as robotic arm + quadruped robot and robotic arm + dexterous hand. It also debuted its intelligent flexible robotic arm product OpenClaw Lobster Arm, featuring natural interaction, rapid learning and modular combination capabilities, which is expected to significantly boost flexible manufacturing efficiency at single workstations in the future.

Q1 financial data showed the company’s contract liabilities stood at RMB 1.996 billion, up 32.36% from the end of last year, reflecting a strong order backlog that underpins future performance growth. On the same day, CVTE released the draft 2026 restricted stock incentive plan with clear performance assessment targets. Taking 2025 operating revenue as the base year, the company targets accelerated revenue growth of 16%, 25% and 35% respectively from 2026 to 2028, sending a clear signal of management’s confidence in sustained high growth to the capital market.

“Looking ahead, the company will take technological innovation as its core driving force, further integrate AI technology into various business scenarios, accelerate global strategy implementation, consolidate advantages in core businesses, foster multiple new growth drivers, and deliver steady performance growth over the long term,” CVTE stated.