Foshan Electrical and Lighting Co., Ltd.

Foshan Electrical and Lighting Co., Ltd. is a leading manufacturer in the electrical machinery and equipment sector, primarily focused on the research, development, production, and sale of high-quality, energy-efficient lighting products. Established in 1993 and listed on the Shenzhen Stock Exchange, the company has expanded its operations through acquisitions, becoming the controlling shareholder of several subsidiaries, including Nanning Liaowang Auto Lamp Co., Ltd. and Foshan NationStar Optoelectronics Co., Ltd. The company aims to provide integrated lighting solutions across various applications. The main business lines of Foshan Electrical and Lighting include general lighting products, automotive lighting, and LED packaging. Its general lighting offerings encompass LED light sources, luminaries, and traditional lighting solutions for residential, commercial, and industrial use. The automotive lighting segment, supported by Liaowang Auto Lamp, covers a wide range of vehicle lighting needs. Additionally, the company’s LED packaging operations, primarily through NationStar Optoelectronics, produce components for various applications, including consumer electronics and automotive lighting. Foshan Electrical and Lighting is recognized for its strong R&D capabilities, extensive patent portfolio, and established brand presence in the lighting industry.

The Company has been dedicated to the R&D, manufacturing and sale of lighting products since its establishment. Through continuous investment in R&D and innovation, branding, channel development, as well as vertical integration of the industrial chain, the core competitiveness of the Company has been further strengthened, which is mainly reflected in the following aspects: R&D technical advantage As a National High-Tech Enterprise, a National Intellectual Property Demonstration Enterprise, a Guangdong Manufacturing Champion Demonstration Enterprise, one of the Top 100 Innovative Enterprises in Guangdong Province, and one of the Top 100 Manufacturing Enterprises in Guangdong Province, the Company possesses outstanding innovation capabilities and technological strength. The Company’s testing center is accredited by the China National Accreditation Service for Conformity Assessment (CNAS), enabling it to provide authoritative certification for product quality. In addition, the Company and its subsidiaries have established 31 research and development platforms, including the “Guangdong Provincial Enterprise Technology Center,” “Guangdong Provincial Doctoral Workstation,” “Guangdong Provincial Science and Technology Expert Workstation,” “Postdoctoral Research Station (Branch Station),” “Guangdong Provincial Engineering Technology Research and Development Center for Electric Light Sources,” and the “Guangdong Provincial Industrial Design Center.” The Company has undertaken several key scientific and technological projects, including the National Key R&D Program “Marine Agriculture and Freshwater Fisheries Technology Innovation” and Hainan Province “Land-Sea-Air” Technology Special Project. The Company has received numerous honors, including the First Prize for Scientific and Technological Progress in China’s Machinery Industry, the Second Prize of the China Invention and Entrepreneurship Achievement Award, the Third Prize for Scientific and Technological Progress from the China National Light Industry Council, the Gold Award at the National Age-friendly Design Competition, and the Taiwan Golden Pin Design Award. Barriers with independent intellectual property have been established in numerous fields such as optics, spectroscopy, electronics, IoT, and AI. As at the end of the Reporting Period, the Company and its subsidiaries have cumulatively obtained over 2,700 authorized valid patents and led or participated in formulating more than 250 standards at international, national, and industry levels. Brand advantage As a national brand with 67 years of deep cultivation in the lighting industry, the Company was recognized in 2024 by the Ministry of Commerce and four other ministries as a “China Time-honored Brand” and was selected as one of the “Top Ten Cases of Innovation for China Time-honored Brands” by the Ministry of Commerce. During the Reporting Period, the Company’s brand influence and value reached new highs. The latest brand value stood at RMB47,507 million, a year-on-year increase of 20.64%, marking a historic high and maintaining its position in the top two of the national industry. The Company has been listed among the “Top 500 Most Valuable Chinese Brands” for 20 consecutive years. The brand “FSL” has become one of the most influential and popular industrial brands in China, and the powerful brand influence has played a key role in driving the sustained growth of the Company’s sales. Liaowang Auto Lamp strictly abides by the national industry standards when producing automotive lights of the “Liaowang” brand. It has been hailed as a high-quality supplier of related automobile enterprises several times. NationStar Optoelectronics actively participates in various important industry exhibitions and forums, and has earned high recognition both within and outside the industry through its profound professional background and active engagement. As a result, it has received honors such as “Brand Power” and “Top Ten LED Packaging Brands,” continually enhancing its professional image, brand awareness, and reputation. Channel advantage The Company has been sticking to the market strategy of deeply cultivating and refining channels. Over years of development and experience, the Company has been equipped with three major sales channels in domestic market (household, commerce, and e-commerce channels), forming a marketing network covering the whole country; in foreign market, the Company has made active steps to develop international market business, sold products to more than 120 countries and regions in North America, Europe, Southeast Asia, Africa and Oceania, and kept improving overseas sales channel. By virtue of its powerful and comprehensive sales channels, the Company has enabled its products to enter market rapidly, substantially enhancing its market development abilities and competitiveness. Hule Electrical Equipment is one of the major manufacturers in the ship lighting industry in China, and has established long-term cooperative relationships with large domestic shipbuilding enterprises. Beijing Airtrust is a joint venture between the Company and Guangzhou Airport Industrial Development Co., Ltd., focusing on aviation lighting business such as runway approach lights. Liaowang Auto Lamp is a major manufacturer in the Chinese automotive light industry. It has accumulated stable whole-automobile manufacturing clients and has been developing customers of medium- and high-end and new energy vehicle makers. Its client entities are increasingly diverse. NationStar Optoelectronics has an excellent client structure. It has established a long-term cooperative relationship with industry-leading display manufacturers and internationally famous home appliance enterprises, has successfully showcased its products in many large events and high-end venues at home and abroad, and is widely recognized by end clients and the market. Scale advantage As one of the enterprises to first step into the industry of producing and selling lighting products, the Company forms a capability of mass manufacturing by years of experience accumulation. After years of continuous investment, the Company has greatly improved its production automation level. The large-scale and centralized production brings obvious economic benefits to the Company, which not only shows in manufacture cost of products, but also shows in aspects such as raw material procurement and price negotiation. Hule Electrical Equipment is an important domestic manufacturer of ship lighting fixtures, having been deeply rooted in the industry for many years. It is one of the leading companies in the domestic ship lighting fixture industry. With manufacturing bases in Nanning, Liuzhou, Chongqing, Qingdao, Suzhou and Indonesia, Liaowang Auto Lamp has an annual production capacity of more than 5 million sets of automotive lights. NationStar Optoelectronics began engaging in LED packaging in 1976. It is included in the first batch of enterprises that have produced LED products and the first Chinese enterprise to go public with LED packaging as its principal business. Besides, it is one of the largest LED manufacturers in China. Advantage of a vertical and integrated LED industrial chain The Company achieved full coverage of the LED industry chain by holding equity in NationStar Optoelectronics, including upstream LED chip manufacturing, midstream LED packaging, and downstream LED application products. This optimization of the industry chain further enhances the Company’s competitiveness and influence in the industry.