Core Viewpoint - The announcement details the change of the continuous supervision sponsor representative for Shaanxi Light Optical Materials Co., Ltd. from Wang Jiajin to Wang Junlong, ensuring the orderly continuation of the supervision work [1][2]. Group 1: Change of Sponsor Representative - Shaanxi Light Optical Materials Co., Ltd. received a letter from CITIC Securities regarding the replacement of the continuous supervision sponsor representative [1]. - Wang Jiajin will no longer be responsible for the remaining supervision period due to work arrangements, and Wang Junlong has been appointed to take over his duties [1]. - The change does not affect CITIC Securities' ongoing supervision work for the company [1]. Group 2: Acknowledgment of Previous Representative - The board of directors expresses sincere gratitude to Wang Jiajin for his contributions during the company's initial public offering and continuous supervision period [2]. Group 3: Profile of New Representative - Wang Junlong is a senior vice president at CITIC Securities Investment Banking Management Committee and has participated in various IPO projects, including those for Ronghui Lithium, Yonghe Co., and Shaanxi Light Optical [3].

证券代码：688150 证券简称：莱特光电 公告编号：2025-034 陕西莱特光电材料股份有限公司 关于变更持续督导保荐代表人的公告 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"）于近日收到中信证券股 份有限公司（以下简称"中信证券"）出具的《关于更换持续督导保荐代表人的函》。 公司董事会对王家骥先生在公司首发上市及持续督导期间所做的工作表示衷心 的感谢！ 特此公告。 陕西莱特光电材料股份有限公司董事会 2025 年 6 月 14 日 附件： 王珺珑先生简历 王珺珑，男，保荐代表人，证券执业编号：S1010721010014，现任中信证券股 份有限公司投资银行管理委员会高级副总裁，参与的项目包括：容汇锂业 IPO 项目、 永和股份 IPO 项目、莱特光电 IPO 项目、华塑股份 IPO 项目、永和股份 2022 年可转 换公司债券项目、盛屯矿业 2021 年 A 股非公开发行股票项目、恩捷股份 2020 年 A 股非公开发行项目、东易日盛 2016 年非公开发行项目、恒逸石化 ...

Core Viewpoint - The optoelectronic new materials industry is experiencing significant growth in China, driven by advancements in technology and increasing market demand, particularly in solar cells, optical communication, and display technologies [1][4][23]. Industry Definition and Classification - Optoelectronic materials are defined as materials that can generate, convert, transmit, process, and store optical signals, encompassing categories such as semiconductor optoelectronic materials, organic semiconductor materials, inorganic crystals, quartz glass, infrared materials, laser materials, and nonlinear optical materials [2][4]. Industry Development Status - The number of patents for optoelectronic new materials in China reached 122 in 2022, but has seen a decline in recent years, with projections of 99 in 2023 and 76 in 2024, and only 11 by May 21, 2025 [1][4]. - The optoelectronic materials sector is crucial for the advancement of the optoelectronic industry, with applications in solar cells, optical communication, and displays [4]. Industry Chain - The industry chain consists of upstream core raw materials (basic chemicals, rare metals, targets), midstream production of optoelectronic materials and devices, and downstream applications in high-growth areas such as photovoltaic power generation and optical communication [6][8]. Semiconductor Materials - The semiconductor materials market in China is projected to reach approximately 147 billion yuan in 2024 and about 164.69 billion yuan in 2025, accounting for around 27.24% and 27.20% of the electronic materials market, respectively [8]. Optical Communication - The optical communication market in China is expected to grow from 139 billion yuan in 2023 to approximately 175 billion yuan by 2025, driven by advancements in 5G, cloud computing, and big data technologies [10]. Competitive Landscape - Major companies in the optoelectronic new materials industry include BOE Technology Group, Longi Green Energy, Jiangfeng Electronics, Sanan Optoelectronics, and others, reflecting a diverse and international competitive landscape [12][14]. Representative Companies - **BOE Technology Group**: A leading global company in semiconductor display products, with over 100,000 patents and significant market share in LCD and OLED technologies [14][15]. - **Shaanxi Lait Optoelectronic Materials Co., Ltd.**: Focuses on OLED organic light-emitting materials, with a revenue of 442 million yuan in 2024, reflecting a strong growth trajectory [17][19]. - **Ningbo Jiangfeng Electronics**: Specializes in ultra-pure metal sputtering targets, with a revenue of 2.333 billion yuan in 2024, highlighting its strong market position [21]. Industry Development Trends - The demand for optoelectronic materials is expected to continue growing, with advancements in silicon-based solar cells and organic light-emitting diodes (OLEDs) leading the way [23]. - Future developments will focus on higher performance, lower costs, and multifunctionality, with new materials such as perovskite solar cells and quantum dot emitters gaining traction [23].

证券研究报告：电子 | 公司点评报告 OLED 终端材料多系列布局，新产品放量加速成长 l 投资要点 股票投资评级 买入 |首次覆盖 个股表现 2024-06 2024-08 2024-11 2025-01 2025-03 2025-06 -27% -19% -11% -3% 5% 13% 21% 29% 37% 45% 莱特光电 电子 资料来源：聚源，中邮证券研究所 公司基本情况 | 最新收盘价（元） | 24.08 | | --- | --- | | 总股本/流通股本（亿股）4.02 | / 1.79 | | 总市值/流通市值（亿元）97 | / 43 | | 52 周内最高/最低价 | 24.99 / 15.18 | | 资产负债率(%) | 15.8% | | 市盈率 | 57.33 | | 第一大股东 | 王亚龙 | 研究所 分析师:吴文吉 SAC 登记编号:S1340523050004 Email:wuwenji@cnpsec.com 分析师:翟一梦 SAC 登记编号:S1340525040003 Email:zhaiyimeng@cnpsec.com 莱特光电(688150) 各板块业务快速成长 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company has experienced rapid growth across various business segments, achieving record highs in both revenue and profit. In 2024, the company is projected to generate revenue of 472 million yuan, a year-on-year increase of 56.90%, and a net profit of 179 million yuan, up 119.09% year-on-year [4]. - The company maintains a leading position in the domestic OLED terminal materials market, with stable production and increasing market share for its Red Prime and Green Host materials. New products like Green Prime materials and blue light series materials are expected to enter mass production soon [4][5]. - The company is actively expanding into the silicon-based OLED market, with some materials successfully passing mass production tests [4]. - The OLED penetration rate is increasing, with strong demand for OLED terminal materials driven by the smartphone sector and new display technologies [5]. Financial Projections - Revenue projections for 2025, 2026, and 2027 are 818 million yuan, 1.148 billion yuan, and 1.508 billion yuan, respectively, with corresponding net profits of 305 million yuan, 455 million yuan, and 641 million yuan [7][9]. - The company’s price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are estimated at 32 times, 21 times, and 15 times, respectively [7][9].

证券代码：688150 证券简称：莱特光电 公告编号：2025-033 陕西莱特光电材料股份有限公司 关于以集中竞价交易方式回购公司股份的进展暨 2024 年年度权益分派实施后调整回购股份价格上限的公告 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、准确性和完整性承担法律责任。 重要内容提示： 回购方案首次披露日 2025/4/3 回购方案实施期限 待董事会审议通过后 12 个月 预计回购金额 5,000万元~10,000万元 □减少注册资本 √用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 □为维护公司价值及股东权益 累计已回购股数 311,513股 累计已回购股数占总股本比例 0.0774% 累计已回购金额 5,885,053.19元 实际回购价格区间 17.30元/股~19.48元/股 ? 调整前回购价格上限：不超过人民币32.00元/股（含） 一、 回购股份的基本情况 了第四届董事会第九次会议，审议通过了《关于公司以集中竞价交易方式回购股 份方案的议案》，同意公司以自有资金和中信银行股份有限公司西安分行提供的股 票回购专项贷款通过上海 ...

证券代码：688150 证券简称：莱特光电 公告编号：2025-033 陕西莱特光电材料股份有限公司 关于以集中竞价交易方式回购公司股份的进展暨 2024 年年度权益分派实施后调整回购股份价格上限的公告 调整前回购价格上限：不超过人民币32.00元/股（含） 调整后回购价格上限：不超过人民币31.87元/股（含） 价格上限调整起始日期：2025年5月30日（2024年年度权益分派除权除息日） 票回购专项贷款通过上海证券交易所股票交易系统以集中竞价交易方式回购公司 已发行的部分人民币普通股（A 股）股票。回购股份将在未来适宜时机用于公司 股权激励及/或员工持股计划，回购的价格不超过人民币 32.00 元/股（含），具体 回购价格授权公司管理层在回购实施期间结合公司股票价格、财务状况和经营状 况确定；回购的资金总额不超过人民币 10,000 万元（含），不低于人民币 5,000 万 元（含），其中专项贷款金额不超过人民币 9,000 万元，具体贷款事宜将以双方签 订的贷款合同为准；回购期限自董事会审议通过本次回购方案之日起 12 个月内有 效。具体内容详见公司分别于 2025 年 4 月 3 日、2025 年 4 ...

Core Points - The company announced the supplementary election of members for the fourth board's strategic committee and nomination committee [1] - The election was prompted by recent changes in the board members to ensure the normal operation of the committees [1] - The newly appointed members are Li Hongyan for the strategic committee and Wang Jue for the nomination committee, effective immediately [1] Committee Composition - The strategic committee now consists of Wang Yalong (Chairman), Li Hongyan, and Wang Jue [1] - The nomination committee is composed of Yu Luyao (Chairman), Wang Yalong, and Wang Jue [1]

证券代码：688150 证券简称：莱特光电 公告编号：2025-032 陕西莱特光电材料股份有限公司 | 专门委员会 | 成员组成 | | --- | --- | | 战略委员会 | 王亚龙（主任委员）、李红燕、王珏 | | 提名委员会 | 于璐瑶（主任委员）、王亚龙、王珏 | 特此公告。 陕西莱特光电材料股份有限公司董事会 2025 年 5 月 28 日 关于补选公司第四届董事会战略委员会及提名委员会委 员的公告 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 2025 年 5 月 27 日召 开第四届董事会第十三次会议，审议通过了《关于补选公司第四届董事会战略委员 会及提名委员会委员的议案》，现将相关事项公告如下： 鉴于公司第四届董事会成员近期发生变动，为保证公司董事会战略委员会及提 名委员会正常有序开展工作，根据《中华人民共和国公司法》《上海证券交易所科 创板上市公司自律监管指引第 1 号——规范运作》及《公司章程》等相关规定，董 事会推举董事李红燕女士担任董事会战略委 ...

Group 1 - Company Sun Energy plans to repurchase shares worth between 100 million to 200 million yuan for cancellation, with a maximum repurchase price of 6.69 yuan per share [1] - Company Runyang Technology intends to invest up to 300 million yuan in Shanghai Fourier Intelligent Technology Co., with a pre-investment valuation of 8 billion yuan [1] - Company Heng Rui Medicine's subsidiary has received approval for clinical trials of SHR-4712 injection for treating advanced solid tumors [2] Group 2 - Company Lianhuan Pharmaceutical plans to increase capital by 60 million yuan for its wholly-owned subsidiary [2] - Company Hongchang Electronics' subsidiary plans to increase capital by 10 million USD for its other subsidiary [2] - Company Sichuan Meifeng intends to repurchase shares worth between 50 million to 70 million yuan for cancellation, with a maximum repurchase price of 10.07 yuan per share [2] Group 3 - Company Lian Micro plans to liquidate and deregister Jiaxing Kangjing Semiconductor Industry Investment Partnership [4] - Company Jiutian Pharmaceutical has received approval for clinical trials of PDX-04 drug for treating acute gout attacks [5] - Company Pingzhi Information has signed a framework agreement with China Telecom for a GPU computing power project worth approximately 246 million yuan [7] Group 4 - Company Jiu Zhi Tang's subsidiary has initiated Phase II clinical trials for new drug YB211 aimed at treating acute bacterial skin infections [8] - Company Fosun Pharma's subsidiary has received orphan drug designation for HLX22 for gastric cancer treatment in the EU [9] - Company Jianyou Co. plans to repurchase shares worth between 20 million to 40 million yuan for employee stock ownership plans [11] Group 5 - Company Zhi Zheng Co. announced the resignation of its vice president due to personal reasons [13] - Company He Mai Co. signed a cooperation agreement for household photovoltaic systems worth 1 billion yuan [14] - Company Jinan Intelligent's subsidiary won a project bid for electric vehicle charging stations, expected to positively impact performance [16] Group 6 - Company Gaotie Electric plans to distribute a cash dividend of 0.012 yuan per share [18] - Company Guyue Longshan plans to distribute a cash dividend of 0.08 yuan per share [18] - Company Yongmaotai's shareholders plan to reduce their holdings by up to 2.66% of the company's shares [19] Group 7 - Company Tian Cheng Technology's subsidiary received a land idle fee notice for 2.1658 million yuan due to project delays [20] - Company Guangri Co. appointed a new vice president and board secretary to enhance governance [21] - Company Design General Institute won multiple major projects totaling approximately 390 million yuan [22] Group 8 - Company Fuxie Environmental signed a significant contract worth 244 million yuan for a sewage treatment project [23] - Company Lujiazui announced the resignation of its vice chairman due to job transfer [24] - Company Three Squirrels' H-share issuance application has been accepted by the CSRC [24] Group 9 - Company Kanghong Pharmaceutical's subsidiary received approval for clinical trials of KH617 for glioblastoma treatment [25] - Company Xin Zhu Co. announced a suspension of trading to plan an asset acquisition from its controlling shareholder [26] - Company Jianxin Co. announced plans for share reductions by several directors and senior management [28]