北京市中伦律师事务所 关于陕西莱特光电材料股份有限公司 2024 年第二次临时股东大会的 法律意见书 北京市中伦律师事务所（下称本所）接受陕西莱特光电材料股份有限公司（下 称公司）委托，指派本所律师见证了公司 2024 年第二次临时股东大会，并出具 本法律意见书。 为出具本法律意见书，本所律师见证了公司 2024 年第二次临时股东大会， 并根据《中华人民共和国证券法》（下称《证券法》）、《中华人民共和国公司法》 （下称《公司法》）、《上市公司股东大会规则》（下称《股东大会规则》）、《律师 事务所从事证券法律业务管理办法》等法律、法规和规范性文件的要求以及《陕 西莱特光电材料股份有限公司章程》（下称《公司章程》），按照律师行业公认的 业务标准、道德规范和勤勉尽责精神，查阅了本所律师认为出具法律意见所必须 查阅的文件，对公司本次股东大会的召集和召开程序、出席会议人员资格（但不 包含网络投票股东资格）、表决方式、表决程序的合法性、有效性进行了认真核 查。 公司已向本所保证其提供为出具本法律意见书所需的文件、资料，是真实、 准确、完整，无重大遗漏的。 本所律师同意将本法律意见书作为公司本次股东大会的必备法律文件予以 ...

公 司 半 年 报 点 评 证 券 研 究 报 告 公 司 报 告 | --- | --- | |------------------------|----------------| | 行业 | 电子 | | 公司网址 | www.ltom.com | | 大股东 / 持股 | 王亚龙 /49.52% | | 实际控制人 | 王亚龙 | | 总股本 ( 百万股 ) | 402 | | 流通 A 股 ( 百万股 ) | 179 | | 流通 B/H 股 ( 百万股 ) | | | 总市值 ( 亿元 ) | 64 | | 流通 A 股市值 ( 亿元 ) | 28 | | 每股净资产 ( 元 ) | 4.40 | | 资产负债率 (%) | 13.8 | | 行情走势图 | | | --- | --- | |----------|-----------------------------| | | | | 付强 | 投资咨询资格编号 | | | S1060520070001 | | | FUQIANG021@pingan.com.cn | | 徐勇 | 投资咨询资格编号 | | | S1060519090004 ...

证券代码：688150 证券简称：莱特光电 陕西莱特光电材料股份有限公司 2024 年第二次临时股东大会 会议资料 2024 年 9 月 | 会议须知 | 2 | | --- | --- | | 会议议程 | 4 | | 议案 | 1：《关于公司 2024 年半年度利润分配方案的议案》 6 | 会议须知 为保障陕西莱特光电材料股份有限公司（以下简称"公司"）全体股东的合法权益， 维护股东大会的正常秩序，保证股东大会如期、顺利召开，根据《中华人民共和国公 司法》《中华人民共和国证券法》《陕西莱特光电材料股份有限公司章程》（下称"《公 司章程》"）以及《陕西莱特光电材料股份有限公司股东大会议事规则》等相关规定， 特制定本须知。 的有关人员有权拒绝回答。 八、为提高大会议事效率，在回复股东问题结束后，股东及股东代理人即进行表 决。议案表决开始后，大会将不再安排股东发言。 九、出席股东大会的股东及股东代理人，应当对提交表决的议案发表如下意见之 一：同意、反对或弃权。现场出席的股东请务必在表决票上签署股东名称或姓名。未 填、错填、字迹无法辨认的表决票、未投的表决票均视为投票人放弃表决权利，其所 持股份的表决结果计为"弃 ...

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：2024-016 | --- | --- | --- | --- | |----------|-------|------------------------|-----------| | | £ | | | | 投资者关 | | | | | 系活动类 | R | 业绩说明会 ☐新闻发布会 | ☐路演活动 | | 别 | | | | 参与单位 名称及人 员姓名 线上参与公司 2024 年半年度业绩说明会的所有投资者 会议时间 2024 年 8 月 27 日 15:00-16:00 会议地点 价值在线（https://www.ir-online.cn/）网络互动 上市公司 接待人员 姓名 董事长、总经理：王亚龙先生 董事会秘书：潘香婷女士 副总经理：孙占义先生 财务总监：陈凤侠女士 研发总工程师：冯震先生 独立董事：卫婵女士 投资者关 系活动主 要内容介 问题 1：尊敬的领导，您好！今年一季度，我国智能手机 OLED 市场占有率已经接近 54%，是国产 OLED 面板份额首次超过韩企，随着华为、小米、OPPO ...

Investment Rating - The report suggests a positive outlook for the company, indicating a recommendation to actively monitor the stock due to its strong growth potential and market position [1][6]. Core Views - The company has reported significant growth in revenue and net profit for the first half of 2024, driven by increased demand for OLED materials and a rise in market penetration [1][5]. - The company is expected to benefit from the growing OLED market, particularly as domestic manufacturers increase their production capabilities and market share [1][4]. - The company has initiated a share buyback program to incentivize employee ownership and align interests, indicating confidence in its long-term growth [1][5]. Summary by Relevant Sections Financial Performance - In the first half of 2024, the company achieved revenue of 246 million yuan, a year-on-year increase of 73.7%, and a net profit of 92 million yuan, up 111.4% [1][5]. - For Q2 2024, revenue reached 130 million yuan, reflecting an 85.3% increase year-on-year, with net profit growing by 142.2% to 50 million yuan [1][5]. Market Position - The company is positioned as a leading supplier in the OLED materials market, benefiting from the increasing demand for OLED displays in consumer electronics [1][4]. - According to CINNO Research, the company's market is bolstered by the fact that China's OLED smartphone shipments surpassed those of South Korea in early 2024, capturing a market share of 53.4% [1][4]. Future Outlook - The company forecasts revenue growth for 2024-2026, with expected revenues of 500 million yuan (+65.21%), 610 million yuan (+23.52%), and 760 million yuan (+23.47%) respectively [2][5]. - Net profit projections for the same period are 190 million yuan (+153.03%), 236 million yuan (+21.13%), and 290 million yuan (+22.23%) [2][5]. R&D and Product Development - The company invested 29.99 million yuan in R&D in the first half of 2024, a 21.15% increase year-on-year, focusing on the development of new OLED materials [1][4]. - The company has successfully launched new products and is actively expanding its customer base, aiming for comprehensive coverage of domestic OLED panel manufacturers [1][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：2024-015 R 特定对象调研 ☐分析师会议 ☐媒体采访 投资者关 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 详见附件参会名单 名称及人 员姓名 会议时间 2024 年 8 月 20 日至 2024 年 8 月 22 日 会议地点 陕西莱特光电材料股份有限公司会议室/线上 上市公司 董事会秘书：潘香婷 投资者关系专员：张尊睿 接待人员 姓名 一、最新经营情况介绍 投资者关 2024 年上半年，消费电子需求回暖，OLED 凭借卓越的性能优势在下游各终端应 系活动主 用领域加速渗透，OLED 面板需求持续提升。与此同时，OLED 面板行业格局持续优 要内容介 化，国内面板厂商在全球 OLED 智能手机市场中的地位和竞争力不断提升，出货量跃 居全球第一。国内面板厂商在保持 6 代线的技术、产能优势外，加大对高世代 OLED 绍 产线的投资，京东方、维信诺先后宣布投资建设 8.6 代高世代 OLED 产线，国内 OLED 面板产能不断抬升，OLED 有机材 ...

伐谋-中小盘信息更新 中 小 盘 研 究 莱特光电（688150.SH） 2024 年 08 月 22 日 下游复苏叠加渗透率提升，2024H1 业绩高速增长 ——中小盘信息更新 投资评级：买入（维持） | --- | --- | |-------------------------|-------------| | 日期 | 2024/8/21 | | 当前股价 ( 元 ) | 15.86 | | 一年最高最低 ( 元 ) | 25.17/13.62 | | 总市值 ( 亿元 ) | 63.83 | | 流通市值 ( 亿元 ) | 28.36 | | 总股本 ( 亿股 ) | 4.02 | | 流通股本 ( 亿股 ) | 1.79 | | 近 3 个月换手率 (%) | 127.3 | | --- | --- | |---------------------------|---------------------------| | | | | 任浪（分析师） | 周佳（分析师） | | renlang@kysec.cn | zhoujia@kysec.cn | | 证书编号： S0790519100001 ...

Investment Rating - The report maintains an "Accumulate-A" rating for the company [3] Core Views - The company's performance is supported by the continuous increase in OLED penetration and the diversification of its product offerings, which are expected to drive long-term growth [1] - The company has successfully entered the supply chains of several well-known domestic panel manufacturers, which is anticipated to enhance its market share and maintain its leading position in the domestic market [1] - The significant improvement in profitability is driven by increased demand and the release of new products, with a notable rise in revenue and net profit for the first half of 2024 [2][3] Financial Performance Summary - In the first half of 2024, the company achieved revenue of 246 million yuan, a year-on-year increase of 73.65%, and a net profit of 92 million yuan, up 111.43% [2] - The second quarter of 2024 saw revenue of 131 million yuan, reflecting an 85.28% year-on-year growth and a 15.24% quarter-on-quarter increase, with a net profit of 49 million yuan, marking a 142.16% year-on-year increase [2] - The gross margin for the first half of 2024 was 66.20%, an increase of 1.33 percentage points year-on-year, attributed to new product price increases and scale effects [2] - The net profit margin for the first half of 2024 was 37.67%, up 6.73 percentage points year-on-year, driven by improved gross margins and cost reduction measures [2] Earnings Forecast - The expected earnings per share (EPS) for 2024, 2025, and 2026 are projected to be 0.50 yuan, 0.81 yuan, and 1.21 yuan, respectively [3] - The price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are estimated at 31.7, 19.5, and 13.1, respectively [3]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% in stock price compared to the benchmark index within the next 6 to 12 months [9]. Core Views - The company is expected to benefit significantly from the increasing penetration of OLED technology, with a projected net profit of 2.05 billion yuan in 2024, 3.31 billion yuan in 2025, and 5.28 billion yuan in 2026 [1][4]. - The report highlights a strong revenue growth of 73.65% year-on-year in the first half of 2024, driven by a recovery in consumer electronics demand and an increase in OLED penetration [1][2]. Summary by Sections Financial Performance - Revenue for 2022 was 280 million yuan, with a projected increase to 610 million yuan in 2024 and 1.655 billion yuan in 2026, reflecting a compound annual growth rate (CAGR) of 58% from 2024 to 2026 [1]. - Net profit decreased from 105 million yuan in 2022 to 77 million yuan in 2023, but is expected to rebound to 205 million yuan in 2024 and reach 575 million yuan by 2026 [1]. - The company's earnings per share (EPS) is projected to grow from 0.19 yuan in 2023 to 1.43 yuan in 2026 [1]. Market Position and Trends - The report notes that the company has established a strong market presence by entering the supply chains of major domestic panel manufacturers such as BOE and Huaxing [1]. - The ongoing trend of increasing OLED penetration across various downstream sectors is expected to drive further growth for the company [1][2]. Research and Development - The company invested 30 million yuan in R&D in the first half of 2024, marking a 21.15% increase year-on-year, with ongoing development of new materials [1]. - The report emphasizes the importance of R&D in maintaining competitive advantages and expanding the customer base [1].

Investment Rating - The report maintains a "Buy" rating for the company [2][3]. Core Insights - The company achieved a revenue of 246 million yuan in the first half of 2024, representing a year-on-year growth of 73.65%, and a net profit attributable to the parent company of 92 million yuan, up 111.43% year-on-year, aligning with expectations [2]. - The company's profitability has improved both year-on-year and quarter-on-quarter, with a significant increase in net profit in the second quarter, reflecting strong product performance and increased penetration in downstream clients [3]. - New product introductions have led to revenue and gross margin increases in the second quarter, with revenue reaching 131 million yuan, a year-on-year increase of 85.28% and a quarter-on-quarter increase of 15.24% [3]. - The overall demand for OLED panels is rising, supported by a recovery in consumer electronics demand, with domestic panel manufacturers increasing their global market share to 50.7%, up from 40.6% in the first half of 2023 [3]. Financial Projections - The projected net profits for 2024, 2025, and 2026 are 212 million yuan, 314 million yuan, and 450 million yuan respectively, with corresponding EPS of 0.53 yuan, 0.78 yuan, and 1.12 yuan, leading to PE ratios of 30.61X, 20.70X, and 14.43X [3][5].