The Zheshang Securities Research Report points out that the main business of Jucan Optoelectronics is growing steadily, and the upgrading of the full color system is driving profit improvement. Net profit for the first three quarters of 2026 was 148 million yuan, down 14.62% year on year; net profit from mother for the third quarter of a single quarter was 71 million yuan, up 26.10% year on year and 48.96% month on month. Benefiting from the continued release of high value-added products such as miniLED, automotive and plant lighting, the company's product sales prices increased sequentially for four consecutive quarters, and increased 3.07% month-on-month in Q3. As the proportion of high-end products increased, product structure optimization and sales price improvement jointly promoted the company's profitability in a single quarter. The basic blue-green light plate is stable, and the silver mirror is inverted to promote high-end products. The red and yellow light is fully mass-produced, and the GaAs platform opens up room for full-color growth. Furthermore, MiniLED accelerates volume, and MicroLED optical connectivity expands long-term growth space. It is believed that the company is at an important stage of upgrading from the scale advantage of blue and green light to a full-color and advanced product structure. As the proportion of high-value products continues to increase and the scale effect gradually becomes apparent, profitability is expected to continue to improve and maintain a “buy” rating.

The Zheshang Securities Research Report points out that the main business of Jucan Optoelectronics is growing steadily, and the upgrading of the full color system is driving profit improvement. Net profit for the first three quarters of 2026 was 148 million yuan, down 14.62% year on year; net profit from mother for the third quarter of a single quarter was 71 million yuan, up 26.10% year on year and 48.96% month on month. Benefiting from the continued release of high value-added products such as miniLED, automotive and plant lighting, the company's product sales prices increased sequentially for four consecutive quarters, and increased 3.07% month-on-month in Q3. As the proportion of high-end products increased, product structure optimization and sales price improvement jointly promoted the company's profitability in a single quarter. The basic blue-green light plate is stable, and the silver mirror is inverted to promote high-end products. The red and yellow light is fully mass-produced, and the GaAs platform opens up room for full-color growth. Furthermore, MiniLED accelerates volume, and MicroLED optical connectivity expands long-term growth space. It is believed that the company is at an important stage of upgrading from the scale advantage of blue and green light to a full-color and advanced product structure. As the proportion of high-value products continues to increase and the scale effect gradually becomes apparent, profitability is expected to continue to improve and maintain a “buy” rating.