证券代码：688150 证券简称：莱特光电 公告编号：2024-051 陕西莱特光电材料股份有限公司 第四届监事会第八次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 4、本次会议的召集、召开和表决程序符合《中华人民共和国公司法》等法 律法规及《公司章程》的有关规定，会议决议合法、有效。 二、监事会会议审议情况 （一）审议通过《关于募集资金投资项目新增实施地点及延期的议案》 公司监事会认为：本次募投项目新增实施地点及延期是根据项目的实施进展 并结合公司目前实际生产经营、未来战略布局规划等做出的审慎决定，符合公司 实际经营需要，有利于充分整合公司现有资源，促进募投项目高效开展和顺利实 施，提高公司募集资金的使用效率，不会对公司的正常经营产生重大不利影响； 本次新增募集资金投资项目实施地点及延期未改变本项目的投资内容、投资总额、 实施主体，不会对募集资金投资项目的实施造成重大影响，不存在变相改变募集 资金投向和损害股东利益、特别是中小股东利益的情形，符合中国证监会、上海 证券交易所关于上市 ...

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 ...

Group 1: Company Overview - Company name: Lite-On Optoelectronics, Stock Code: 688150 [1] - Meeting date: December 5, 2024 [2] - Meeting location: Lite-On Optoelectronics conference room and online [2] Group 2: Product Development - OLED functional materials, including Red Prime and Green Host materials, are in stable mass production [3] - New Red Host materials have passed customer mass production testing [3] - Blue light series materials are undergoing client verification testing [3] Group 3: R&D Investment - R&D investment for the first three quarters of 2024 reached ¥43.8552 million, a year-on-year increase of 14.59%, accounting for 12.31% of revenue [3] - Focus on developing a series of OLED light-emitting layer materials and new technologies such as Tandem devices and TADF materials [3] Group 4: Market Trends - The OLED industry is experiencing significant growth, with expanding market size and increasing penetration in smartphones [4] - The introduction of 8.6 generation OLED production lines by major manufacturers is expected to boost demand for OLED materials [4] - The adoption of stacked OLED technology in various products is anticipated to increase the usage of light-emitting layer materials [4] Group 5: Future Outlook - The company aims to enhance market share and core competitiveness through increased R&D investment and product innovation [4] - The development of perovskite materials is seen as a potential new growth path due to similarities with OLED technology [4]

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 | | | | | | ...

Summary of the Conference Call for Lite-On Optoelectronics Company Overview - Lite-On Optoelectronics is a leading domestic manufacturer of OLED emitting materials, providing key materials for domestic OLED panel manufacturers, playing a crucial role in domestic substitution efforts, and serving as a core supplier for major domestic OLED panel manufacturers [2][3] Core Insights and Arguments - The expansion of production capacity and market share of domestic OLED panel manufacturers, along with the acceleration of the localization process for emitting materials, positions Lite-On Optoelectronics to benefit significantly [2][3] - The commercialization of new display technologies, such as dual-layer OLED, is expected to further drive global demand for emitting materials, potentially leading to earnings exceeding expectations [2][3] - Future performance growth for Lite-On Optoelectronics is primarily driven by the increase in production capacity and market share of domestic OLED panel manufacturers, the accelerated localization of OLED emitting materials, and advancements in the commercialization of new display technologies like dual-layer OLED [4] Financial Projections - Projected net profits for Lite-On Optoelectronics from 2024 to 2026 are estimated at 180 million yuan, 320 million yuan, and 450 million yuan, representing year-on-year growth rates of 137%, 76%, and 40.7% respectively [2][6] - The company is expected to achieve a price-to-earnings (PE) ratio of approximately 30 times in 2025, decreasing to about 20 times thereafter, indicating a potential for valuation premium due to its leading position and expanding customer base [6] Market Perspectives - There are differing opinions in the market regarding the slowdown in traditional OLED mobile demand and the challenges of domestic localization in the emitting materials sector, as well as uncertainties surrounding the commercialization of dual-layer OLED products [5] - Despite these concerns, Lite-On Optoelectronics is viewed as having multiple growth drivers, including the global market share increase from domestic OLED panel manufacturers' expansion, accelerated domestic substitution, and strong performance in category expansion and dual-head LED driving [5] Target Price and Future Potential - The expected value increase from adopting dual-layer LED technology compared to single-layer LED is projected to be between 60% and 80%, leading to a target price of 36 yuan, with a market capitalization of 14 to 15 billion yuan, indicating a potential upside of nearly 50% from the current price [7] Risk Factors - Key risk factors include the potential underperformance of the localization of OLED panel materials, slower-than-expected expansion of OLED panel manufacturers, and delays in the commercialization of dual-layer LED technology [8] - However, it is believed that recent sell-offs have concluded and will not suppress the stock price, maintaining a positive outlook for the company within the Huawei supply chain and the consumer electronics innovation sector [8]

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 ...