旭明光电 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 or For the transition period fromtoCommission File Number: 001-34992 SemiLEDs Corporation(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:8,226,153 shares of common stock, par value $0.0000056 per share, outstanding as of January 6, 2026. SEMILEDS CORPORATIONFORM 10-Q for the Quarter Ended November 30, 2025 INDEX Part I. Financial Information Item 1.Financial Statements1Condensed Consolidated Balance Sheets as of November 30, 2025 (Unaudited) and August 31, 20251Unaudited Condensed Consolidated Statements of Operations for the three months ended November 30, 2025and 20242Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three months ended November30, 2025 and 20243Unaudited Condensed Consolidated Statements of Changes in Equity for thethree months ended November 30,2025 and 20244Unaudited Condensed Consolidated Statements of Cash Flows for the three months endedNovember 30, 2025and 20245Notes to Unaudited Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations18Item 3.Quantitative and Qualitative Disclosures About Market Risk29Item 4.Controls and Procedures29 Part II. Other Information Item 1.Legal Proceedings30Item 1A. Risk Factors30Item 2.Unregistered Sales of Equity Securities and Use of Proceeds31Item 3.Defaults Upon Senior Securities31Item 4.Mine Safety Disclosures31Item 5.Other Information31Item 6.Exhibits31Signatures32 PART I — FINANCIAL INFORMATION SEMILEDS CORPORATION AND SUBSIDIARIESUnaudited Condensed Consolidated Statements of Operations(In thousands of U.S. dollars and shares, except per share data) SEMILEDS CORPORATION AND SUBSIDIARIESUnaudited Condensed Consolidated Statements of Comprehensive Loss(In thousands of U.S. dollars) Net loss The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. SEMILEDS CORPORATION AND SUBSIDIARIESUnaudited Condensed Consolidated Statements of Changes in Equity(In thousands of U.S. dollars and shares)For the three months ended November 30, 2025 and 2024 SEMILEDS CORPORATION AND SUBSIDIARIESUnaudited Condensed Consolidated Statements of Cash Flows(In thousands of U.S. dollars) SEMILEDS CORPORATION AND SUBSIDIARIESNotes to Unaudited Condensed Consolidated Financial Statements 1. Business SemiLEDs Corporation (“SemiLEDs” or the “parent company”) was incorporated in Delaware on January 4, 2005 and is aholding company for various wholly owned subsidiaries. SemiLEDs and its subsidiaries (collectively, the “Company”) develop,manufacture and sell high performance light emitting diodes (“LEDs”). The Company’s core products are LED components, LEDmodules and systems, as well as LED chips and lighting products. LED components, modules and systems have become the mostimportant part of its business. A portion of the Company’s business consists of the sale of contract manufactured LED products.The Company’s customers are concentrated in a few select markets, including India, Japan, the Netherlands, and the United States. As of November 30, 2025, SemiLEDs had one wholly owned operating subsidiary, Taiwan Bandaoti Zhaoming Co., Ltd.,which conducts its resea