关于募集资金投资项目新增实施地点及延期的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 陕西莱特光电材料股份有限公司（以下简称"公司"）于 2024 年 12 月 27 日召 开了第四届董事会第八次会议、第四届监事会第八次会议，审议通过了《关于募集 资金投资项目新增实施地点及延期的议案》，同意募集资金投资项目"OLED 终端 材料研发及产业化项目"（以下简称"募投项目"）新增西安高新区长安通讯产业 园东西五路以北公司全资子公司陕西莱特电子科技有限公司（以下简称"莱特电子"） 现有 1#厂房 1 层为募投项目的实施地点；同意在实施主体、募集资金用途及投资项 目规模均不发生变更的情况下，将募投项目全部达到预定可使用状态日期延期至 2026 年 8 月。保荐机构发表了明确同意的核查意见，本事项无需提交股东大会审议， 现将具体情况公告如下： 一、募集资金及募集资金投资项目基本情况 （一）募集资金基本情况 根据中国证监会核发的《关于同意陕西莱特光电材料股份有限公司首次公开发 行股票注册的批复》（证监许可[2021]4122 号 ...

证券代码：688150 证券简称：莱特光电 公告编号：2024-049 陕西莱特光电材料股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 大股东持股的基本情况 本次减持计划实施前，北京君联成业股权投资合伙企业(有限合伙（以下简称 ) "君 联成业"）持有陕西莱特光电材料股份有限公司（以下简称"公司"）股份 13,263,757 股，约占公司总股本的 3.30%；北京君联慧诚股权投资合伙企业(有限合伙)（以下简 称"君联慧诚"）持有公司股份 10,473,526 股，约占公司总股本的 2.60%；君联成业与 君联慧诚系一致行动人，合计持有公司股份 23,737,283 股，约占公司总股本的比例 为 5.90%。 上述股份均为公司首次公开发行股票并上市前取得的股份，于 2023 年 3 月 20 日起上市流通。 减持计划的实施结果情况 公司于 2024 年 10 月 1 日披露了《陕西莱特光电材料股份有限公司股东减持股 份计划公告》（公告编号：2024-044），君联 ...

证券简称：莱特光电 证券代码：688150 陕西莱特光电材料股份有限公司 投资者关系活动记录表 编号：2024-028 | --- | --- | --- | --- | |------------------------|------------------------------------------|----------------------------------|------------------------------------------------------------------------------------------------------------| | 投资者关 | R 特定对象调研 | £ | 分析师会议 £媒体采访 | | 系活动类 | £ 业绩说明会 £新闻发布会 | | £ 路演活动 | | 别 | R 现场参观 R | 电话会议 £其他 | | | 参与单位 | 嘉实基金：陈景诚 信达澳亚基金：陆毅楷 | | | | 名称及人 员姓名 | 开源证券：金益腾 天风证券：郭建奇 | | | | 会议时间 | 2024 年 12 月 5 日 | | | | 会议 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, with a forecasted net profit of 181 million, 270 million, and 383 million yuan for 2024-2026, representing year-on-year growth rates of 135.4%, 49.1%, and 41.8% respectively [4]. Core Viewpoints - The company is a leading player in the OLED organic materials sector, benefiting from the ongoing replacement of traditional LCDs and capturing market share from overseas competitors. The demand for differentiated products is driving this transition [2][4]. - The company has achieved a breakthrough in patent barriers, allowing for domestic production of OLED materials, which is expected to replace foreign suppliers significantly. The domestic OLED panel shipment volume is projected to surpass that of South Korea in Q1 2024, with a year-on-year increase of 55.7% [2][4]. - The company maintains a strong focus on R&D, with a significant increase in R&D spending, which reached 50.42 million yuan in 2023, accounting for 16.77% of revenue [43]. Summary by Sections 1. Company Overview - The company specializes in OLED terminal materials and has established an integrated production capability, covering the entire supply chain from intermediates to terminal materials. It is one of the few domestic firms to have achieved mass production of OLED terminal materials [20][30]. 2. Market Trends - The OLED market is experiencing a second wave of penetration, with increasing demand in downstream applications. The penetration rate of OLED in small-sized displays has exceeded 50%, and the market for foldable OLED smartphones is expected to grow significantly, with shipments projected to reach 30 million units in 2024, reflecting a compound annual growth rate of 41.0% [2][67]. 3. Financial Performance - The company reported a revenue of 245.52 million yuan in H1 2024, a year-on-year increase of 73.65%, with a net profit of 92.48 million yuan, up 111.43% from the previous year. The gross margin is expected to remain around 60% [40][41]. 4. R&D and Innovation - The company has a robust R&D team, with 102 personnel, representing 28.65% of total employees. R&D expenditures have been increasing, indicating a commitment to innovation and maintaining competitive advantages in the OLED materials market [43][40]. 5. Competitive Landscape - The company has established strong partnerships with major clients such as BOE and Tianma, which enhances its market position. The gross margin for terminal materials exceeds 70%, reflecting the high demand and recognition of its product performance [2][4].

证券简称：莱特光电 证券代码：688150 陕西莱特光电材料股份有限公司 投资者关系活动记录表 编号：2024-027 | --- | --- | --- | --- | --- | |-------------------|-------------------------------|--------|------------------------------------|------------------------------------------------------------------------| | 投资者关 | R 特定对象调研 | £ | | 分析师会议 £媒体采访 | | 系活动类 | £ | | 业绩说明会 £新闻发布会 | £ 路演活动 | | 别 | | | £现场参观 £电话会议 £其他 | | | 参与单位 名称及人 | | | | 泰康资产：段中喆 浙商证券：李若琳、梁艺 | | 员姓名 | | | | | | 会议时间 | 2024 年 11 月 28 日 | | | | | | | | 陕西莱特光电材料股份有限公司会议室 | | | 会议地点 | | | | ...

证券简称：莱特光电 证券代码：688150 陕西莱特光电材料股份有限公司 投资者关系活动记录表 编号：2024-025 | --- | --- | --- | --- | --- | |-------------------|------------------------------------------|-------------------------|-------|------------------------------------------------------------------------| | 投资者关 | R 特定对象调研 | £ | | 分析师会议 £媒体采访 | | 系活动类 | £ | 业绩说明会 £新闻发布会 | | £ 路演活动 | | 别 | £现场参观 R | 电话会议 | | £ 其他 | | 参与单位 | 泓德基金：孟焱毅 中国人保资管：何楚瑶 | | | | | 名称及人 员姓名 | 天风证券：高静怡 华福证券：戴晶晶 | | | | | 会议时间 | 2024 年 11 月 22 日 | | | | | 会议地点 | 陕西莱特光电材料股份有限公司会议室及 ...

证券简称：莱特光电 证券代码：688150 陕西莱特光电材料股份有限公司 投资者关系活动记录表 编号：2024-024 | --- | --- | --- | |-----------------|------------------------------------------|------------------------------------------------------------------------| | 投资者关 | R 特定对象调研 | 分析师会议 £媒体采访 | | 系活动类 | £ 业绩说明会 £新闻发布会 | £ 路演活动 | | 别 | £现场参观 R | £ 其他 | | 参与单位 | | 银河基金：左磊、鲍武斌、李一帆 光大保德信基金：刘旭文 | | 名称及人 员姓名 | | 中信建投：乔磊、郭彦辉、何昱灵 西南证券：徐一丹 | | 会议时间 | 2024 年 11 月 13 日 | | | 会议地点 | 陕西莱特光电材料股份有限公司会议室及线上 | | | 上市公司 | | | | 接待人员 | | 董事会秘书：潘香婷 投资者关系专员：张尊睿 | | | | | | ...

莱特光电 20241111. 摘要 • 莱特光电是国内 OLED 发光材料龙头厂商，为国内 OLED 面板厂提供关键材 料，在国产替代方面具有重要地位，是国内主要 OLED 面板厂商的核心供 应商。 • 随着国内 OLED 面板厂商产能扩张和市场份额提升，以及发光材料国产化 进程加速，莱特光电有望受益。 • 新型显示技术如双层 OLED 的商业化也将进一步推动全球发光材料需求， 从而驱动公司未来盈利超预期。 • 莱特光电未来业绩增长主要受到国内 OLED 面板厂商产能和市场份额提升、 OLED 发光材料国产化进度加快、双层 OLED 等新型显示技术商业化进展等 因素驱动。 • 我们预计 2024 至 2026 年，莱特光电归母净利润分别为 1.8 亿元、3.2 亿 元和 4.5 亿元，同比增长分别为 137%、76%和 40.7%。 • 考虑到公司在横向对标其他同类企业时估值仍处于相对平均水平，但由于 其领先地位及不断扩展客户群体，公司应当获得充分估值溢价。 Q&A 请介绍莱特光电的核心业务及其市场地位。 莱特光电是一家专注于 OLED 发光材料的国内龙头厂商，主要为国内 OLED 面板厂 提供关键材料。公司 ...

证券简称：莱特光电 证券代码：688150 陕西莱特光电材料股份有限公司 投资者关系活动记录表 编号：2024-023 | --- | --- | --- | |----------|----------------------------------------------------------------|----------------------------------------------------------------------------------------| | 投资者关 | ☐ | 特定对象调研 ☐分析师会议 ☐媒体采访 | | 系活动类 | R 业绩说明会 ☐新闻发布会 | ☐ 路演活动 | | 别 | ☐现场参观 ☐电话会议 ☐其他 | | | 参与单位 | | | | 名称及人 | 线上参与公司 2024 | 年第三季度业绩说明会的投资者 | | 员姓名 | | | | 会议时间 | 2024 年 11 月 12 日 | | | 会议地点 | 价值在线（ https://www.ir-online.cn/ | ）网络互动 | | 上市公司 | | 董事长、总经理：王亚龙先 ...

Investment Rating - The report gives a "Buy" rating to Laite Optoelectronics (688150) with a target price of 36 yuan, implying a 40-50% upside from the current price [7] Core Views - Laite Optoelectronics is a leading domestic OLED luminescent material manufacturer benefiting from capacity expansion and market share growth of domestic OLED panel makers, as well as accelerated localization of OLED materials [1] - The commercialization of new display technologies like double-layer OLED is expected to further boost global demand for luminescent materials, driving the company's future earnings above expectations [1] - The company's growth is driven by multiple factors: domestic OLED panel makers' capacity expansion, global market share gains, faster OLED material localization, product category expansion, and new growth from double-layer OLED [4] - Key catalysts include downstream domestic panel makers' high-generation OLED line expansions, OLED penetration in PC/tablet displays, domestic panel makers' OLED material verification and adoption progress, and new consumer electronics products featuring double-layer OLED [5] Company Overview - Laite Optoelectronics, founded in 2010 and listed on the STAR Market in March 2022, is a pioneer in domestic OLED terminal materials, supplying major domestic panel makers like BOE, Tianma, and CSOT [16] - The company has achieved import substitution in OLED terminal materials, with its own patents covering core functional layer materials like light-emitting layer, hole transport layer, and electron transport layer materials [16] - The company's business is divided into OLED terminal materials and OLED intermediates, with terminal materials directly used in OLED panel production and intermediates serving as raw materials for terminal materials [17] - The company has gone through four development stages, from chemical trading to establishing integrated production capabilities spanning OLED intermediates, sublimation materials, and terminal materials [18][20] Industry Analysis - OLED penetration continues to rise, with AMOLED becoming mainstream in smartphones and showing great potential in large-size TV panels [30][34] - China's OLED capacity share has surged to 43.7% globally as of 2023, narrowing the gap with South Korea and poised to overtake it in the coming years [42] - OLED material supply heavily relies on imports, with terminal luminescent materials still monopolized by overseas players, creating urgent need for localization [43][44] - Domestic OLED material companies face significant opportunities from both OLED penetration growth and import substitution trends [60] Financial Projections - Revenue is forecast to grow 85.58%/64.56%/38.11% YoY in 2024-2026, reaching 5.58/9.18/12.68 billion yuan [7][63] - Net profit attributable to parent is projected to increase 136.79%/76.16%/40.73% YoY in 2024-2026, reaching 182/321/452 million yuan [7][63] - EPS is estimated at 0.45/0.80/1.12 yuan for 2024-2026, with PE ratios of 52.99/30.08/21.37x [7][66] - The OLED materials business is expected to maintain high growth, with revenue increasing 100%/70%/40% YoY in 2024-2026 and gross margin rising to 71%/72%/73% [61][62]