Export market pressure and transformation

In January and February 2025, the export value of lighting products in China decreased by 20% year-on-year, and the export volume of traditional lamps generally declined, but the export volume of LED electric light source products increased by 65% against the trend. The industry is accelerating its transformation towards high value-added and intelligent products, and some companies plan to break through low price competition by setting up factories overseas and upgrading their brands.