# Unilumin
Unilumin Group Co., Ltd. (洲明科技) is a Shenzhen-based manufacturer of LED displays and LED lighting, founded in 2004 and listed on the [Shenzhen Stock Exchange](https://www.edgepedia.org/shenzhen-stock-exchange) since June 2011 under ticker 300232, chaired by founder Lin Mingfeng (林洺锋) and, by 2025, the largest [LED display](https://www.edgepedia.org/led-display) company by revenue among China's listed peers.[1](https://www.reuters.com/markets/companies/300232.SZ/) • [2](https://www.futunn.com/en/stock/300232-SZ/company) • [3](https://www.ledinside.com/news/2026/4/2026_04_29_02) Although often described as a growth company, it is not a private startup: it has been publicly traded for over a decade and reported revenue of CNY 8.09 billion in 2025.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02)
| Fact | Detail |
|---|---|
| Founded | 26 October 2004, Shenzhen[2](https://www.futunn.com/en/stock/300232-SZ/company) |
| Headquarters | Baoan District, Shenzhen, China[1](https://www.reuters.com/markets/companies/300232.SZ/) |
| Listing | Shenzhen Stock Exchange, 22 June 2011, issue price CNY 18.57, 20.00 million shares[2](https://www.futunn.com/en/stock/300232-SZ/company) |
| Chairman | Lin Mingfeng (林洺锋), founder[1](https://www.reuters.com/markets/companies/300232.SZ/) |
| 2025 revenue | CNY 8.09 billion[3](https://www.ledinside.com/news/2026/4/2026_04_29_02) |
| Employees | 5,638 (per MarketScreener profile)[4](https://www.marketscreener.com/quote/stock/UNILUMIN-GROUP-CO-LTD-11367284/company/) |
| Status | Active as of 2026[3](https://www.ledinside.com/news/2026/4/2026_04_29_02) |
## History, founding and listing
Unilumin was established in 2004 in Shenzhen. The company's own history page says it was founded to provide professional LED application services.[5](https://unilumin.com/about/about-us/) A stock-profile record gives the incorporation date as 26 October 2004.[2](https://www.futunn.com/en/stock/300232-SZ/company)
The company listed on the Shenzhen Stock Exchange on 22 June 2011 at an issue price of CNY 18.57, offering 20.00 million shares; Unilumin describes itself as one of the first China-listed LED display companies.[2](https://www.futunn.com/en/stock/300232-SZ/company) • [5](https://unilumin.com/about/about-us/) Growth since then has come partly through acquisitions: the company says it acquired 60% of VF Lighting, 100% of Qinghua-Kuangli Urban Lighting, and 26.68% of Bainian Lighting.[5](https://unilumin.com/about/about-us/) The company's press office describes 2024 revenue of RMB 7.774 billion as 25-fold growth since 2009.[6](https://en.unilumin.com/news/company-news/unilumin-2024-global-led-solutions-leader-with-record-achievements.html)
## Products and technology
Unilumin's core business is LED display products, with LED lighting fixtures as a second line. Reuters lists three segments: the LED Display Division, the LED Professional Lighting Division, and the LED Landscape Lighting Business.[1](https://www.reuters.com/markets/companies/300232.SZ/) The company also markets "Metasight" AI-based solutions alongside its displays.[5](https://unilumin.com/about/about-us/)
On fine-pitch technology, the company says it mass-produces P0.4 MIP (micro-LED-in-package) displays using proprietary 30/50μm Micro LED chips, and projected its Micro LED revenue share would reach 25–30% by 2025.[6](https://en.unilumin.com/news/company-news/unilumin-2024-global-led-solutions-leader-with-record-achievements.html) Reported 2025 results support part of that trajectory: Mini/Micro LED revenue rose 49.1% year on year to CNY 1.254 billion, though that is about 15% of total revenue rather than the projected 25–30%.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02)
ROE Visual is the company's virtual-production arm. According to Unilumin's press office, ROE Visual holds a 70% market share in XR virtual production (filming actors against real-time LED screen backdrops) and powers more than 100 premium virtual studios.[6](https://en.unilumin.com/news/company-news/unilumin-2024-global-led-solutions-leader-with-record-achievements.html) LEDinside reports Unilumin holds the No.1 position in xR virtual production and the leading share in LED rental displays.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02)
## Funding and capital raises
The 2011 IPO, at CNY 18.57 per share for 20 million shares, raised roughly CNY 371 million at the offer price before listing costs.[2](https://www.futunn.com/en/stock/300232-SZ/company)
## Business, customers and traction
Unilumin claims a 400,000 sqm smart LED manufacturing base with annual shipment capacity of 1,200,000 sqm of LED displays, and over 5,000 employees including 1,200 in R&D.[5](https://unilumin.com/about/about-us/) Actual shipments reached 820,800 sqm in 2024 (up 9.51%) and about 1.083 million sqm in 2025, up nearly 32%, which LEDinside describes as the largest shipment area among publicly listed peers.[6](https://en.unilumin.com/news/company-news/unilumin-2024-global-led-solutions-leader-with-record-achievements.html) • [3](https://www.ledinside.com/news/2026/4/2026_04_29_02)
International sales are the larger half of the business: in 2024 they contributed RMB 4.777 billion, 61.45% of revenue, across more than 160 countries, with more than 5,600 partners and over 20 overseas subsidiaries; the company also says it acquired a U.S.-based manufacturer to localize supply chains.[6](https://en.unilumin.com/news/company-news/unilumin-2024-global-led-solutions-leader-with-record-achievements.html) High-profile rental and event projects cited include multiple Olympic Games, the Oscars, World Expo 2025 in Osaka, and China's Spring Festival Gala.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02)
## By the numbers
Revenue has risen steadily: CNY 7.41 billion in 2023, CNY 7.77 billion in 2024, and CNY 8.09 billion in 2025, making Unilumin the first LED display company to pass CNY 8 billion and No.1 by revenue for the third consecutive year.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02) That growth outpaced the industry: [TrendForce](https://www.edgepedia.org/trendforce) puts the global LED display market at USD 7.52 billion in 2025, up only 1.2%.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02)
Other 2025 figures: smart display revenue of CNY 7.635 billion (+6.19%); creative display projects doubled to CNY 287 million; AI/Metasight solutions rose 20% to CNY 288 million; R&D spending of CNY 380 million, including CNY 73 million tied to AI; domestic revenue of CNY 3.393 billion (+14.62%); accounts receivable turnover days shortened to 87 and inventory turnover fell to 106 days.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02)
## Recent developments
Three shifts stand out in the 2023–2026 record. First, the AI pivot: Metasight solutions are described as a strategic pillar, with dedicated AI R&D funding and 20% revenue growth in 2025.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02) Second, the product mix is tilting toward high-value displays: Mini/Micro LED revenue grew 49.1% in 2025 while the company scaled back parts of its traditional lighting business.[3](https://www.ledinside.com/news/2026/4/2026_04_29_02) Third, overseas localization: a U.S.-based manufacturer was acquired to serve that market from within it.[6](https://en.unilumin.com/news/company-news/unilumin-2024-global-led-solutions-leader-with-record-achievements.html)
## References
1. Unilumin Group Co Ltd (300232.SZ) – Reuters. https://www.reuters.com/markets/companies/300232.SZ/
2. Unilumin Group Company Profile & Introduction – Futubull/moomoo. https://www.futunn.com/en/stock/300232-SZ/company
3. Unilumin Stays No.1 as AI Pivot Drives Revenue Past CNY 8 Billion – LEDinside (TrendForce), 29 April 2026. https://www.ledinside.com/news/2026/4/2026_04_29_02
4. Unilumin Group Co., Ltd – MarketScreener company profile. https://www.marketscreener.com/quote/stock/UNILUMIN-GROUP-CO-LTD-11367284/company/
5. About Unilumin – Unilumin (company site). https://unilumin.com/about/about-us/
6. Unilumin: 2024 Global LED Solutions Leader with Record Achievements – Unilumin newsroom. https://en.unilumin.com/news/company-news/unilumin-2024-global-led-solutions-leader-with-record-achievements.html
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*Initially written Sep 17, 2026 · Reviewed: Sep 19, 2026 · Edited: Sep 19, 2026; Oct 11, 2026; Oct 15, 2026 · Last review: Sep 19, 2026*
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