According to Maims Consulting, recently, Senba Sensor Technology Co., Ltd. (referred to as Senba Sensor) released its annual report for 2024, summarizing the operational status of the past year as follows:
Since its establishment, Senba Sensor has been engaged in the research, development, production, and sales of pyroelectric infrared sensors and visible light sensors, maintaining a leading position in the industry and occupying a significant market share in the subfields of pyroelectric infrared sensors and visible light sensors. Senba Sensor’s subsidiary, Green Tong, is a domestic advanced provider of safety monitoring products. After years of technological accumulation, it has formed several core technologies, including sensor technology, gas detection technology, flame detection technology, industrial safety instrument technology, electrical explosion-proof safety technology, controller technology, and system integration, establishing three core product lines: gas and flame detectors, gas alarm controllers, and intelligent sensors, while maintaining stable cooperative relationships with downstream customers, thus possessing a first-mover advantage.
Financial Overview
In 2024, Senba Sensor achieved an operating revenue of 446.371 million yuan, a year-on-year increase of 51.33%. The net profit attributable to shareholders of the listed company was 39.4133 million yuan, a year-on-year decrease of 30.17%. The net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 53.1674 million yuan, a year-on-year increase of 51.34%. The growth in operating revenue was mainly due to the consolidation of Green Tong and the expansion of downstream market customer demand; the decline in net profit attributable to shareholders of the listed company was mainly due to the decrease in long-term equity investment income accounted for under the equity method; the increase in net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was mainly influenced by the reasons for the aforementioned revenue growth.
In 2024, Senba Sensor will strengthen the construction of its sales team, fully demonstrating its scale and brand advantages, deeply understanding and exploring customer needs, and further consolidating and enhancing the company’s industry position through in-depth cooperation with customers. By initially integrating the advantageous resources of Green Tong, the company aims to comprehensively and deeply explore the collaborative potential of both parties for mutual development.
Main Product Overview
Senba Sensor’s main products include pyroelectric infrared sensors, visible light sensors, flame sensors, micro differential pressure sensors, and related solutions, with product sales consistently ranking among the top in the domestic market. After the acquisition of Green Tong’s equity, the company’s sensor products have horizontally expanded to include flame and gas detectors, gas alarm controllers, and intelligent sensors, along with the capability to provide complete products and system integration for large downstream customers in the safety monitoring field.
(1) Pyroelectric Infrared Sensor Series
The pyroelectric infrared sensor is one of the company’s main products, including traditional analog, digital intelligent products, and related components and solutions. These sensors utilize the characteristic of spontaneous polarization strength of pyroelectric materials changing with temperature to detect the variation of infrared energy radiated by the human body in a non-contact manner, converting it into an electrical signal output in the form of voltage or current. By amplifying the output signal, it achieves the purpose of controlling the circuit, mainly applied in LED lighting, security, digital electronic products, intelligent transportation, smart homes, and wearable devices.
(2) Visible Light Sensor Series
The visible light sensor detects visible light, utilizing the photoelectric effect to convert changes in light energy into electrical signals. The company’s visible light sensors can be widely applied in LED lighting, security, digital electronic products, intelligent transportation, and smart homes.
(3) Gas and Flame Detector Series
The company’s detector products are divided into combustible gas detectors, toxic gas detectors, and infrared flame detectors. Currently, the gas detector products are primarily point-type gas detectors, used near sources of combustible or toxic gas release or in areas where gas tends to accumulate (with sufficient concentration and residence time) for long-term detection of gases in the inspected area.
The combustible gas detector is used to monitor and alarm for flammable and explosive gases in the environment, ensuring the safety of the production environment, equipment, and on-site personnel. Its main application areas include petroleum, chemical, and gas industries where combustible gases are present during production, storage, and usage; the toxic gas detector is used to monitor and alarm for toxic and harmful gases in the environment, ensuring the safety of the production environment, equipment, and on-site personnel, mainly applied in petroleum and chemical enterprises where toxic and harmful gases are present during production, storage, and usage; the infrared flame detector is used to promptly alarm for fires occurring in production sites, driving relevant disaster relief measures to quickly extinguish fires or control accidents within manageable limits, mainly applied in drilling production platforms, chemical plants, refineries, warehouses, and other places where fire prevention is necessary.
(4) Gas Alarm Controller Series
The company’s combustible gas alarm controller is designed for point-to-point control and alarm, specifically for fire linkage alarm control systems, providing power and signal reception display for on-site detectors, outputting pre-warning, alarm, and fault signals, mainly applied in safety management duty rooms and DCS control rooms.
Core Competitiveness Analysis
Since its establishment, Senba Sensor has been committed to the research, development, production, and sales of various sensors represented by pyroelectric infrared sensors, while placing a high emphasis on independent research and innovation. The company actively recruits R&D talents and resources. Currently, it has formed a professional, efficient, and pragmatic technical team with strong independent R&D capabilities, being one of the few companies in the country that master the core technology of pyroelectric infrared sensors and possess independent intellectual property rights, thus holding a significant competitive advantage in the industry. As of the end of the reporting period, the company and its subsidiaries collectively hold 167 patents and 8 software copyrights. Through independent R&D, industrial chain extension, and upgraded R&D after project acquisitions, the company has mastered multiple core technologies and nurtured several potential projects or products, including visible light sensors, pyroelectric infrared sensors, thermopile sensors, Fresnel lenses, human sensing modules, micro differential pressure sensors, gas and flame detectors, etc., possessing enormous development potential and space.
Senba Sensor’s subsidiary, Green Tong, mainly engages in the R&D, production, and sales of gas and flame detectors, alarm controllers, intelligent sensors, and related supporting products in the safety monitoring field. Currently, its products mainly include gas and flame detectors, alarm controllers, intelligent sensors, and related supporting products, primarily applied in safety monitoring fields where flammable and explosive hazardous gases exist, such as petrochemical, oil and gas storage and transportation, chemical industry, oil depots, liquefied gas stations, gas boiler rooms, pharmaceutical manufacturing, metallurgy, etc. Through continuous R&D accumulation and technological innovation, as well as exploration of cutting-edge processes, it has achieved comprehensive coverage of key technologies from sensor technology, gas detection technology, flame detection technology, industrial safety instrument technology, electrical explosion-proof safety technology, controller technology to system integration technology, with core products possessing independent R&D, design, or self-improvement optimization and large-scale production capabilities.
