证券代码：688150 证券简称：莱特光电 公告编号：2024-036 陕西莱特光电材料股份有限公司 关于召开 2024 年第二次临时股东大会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2024 年第二次临时股东大会 召开日期时间：2024 年 9 月 4 日 14 点 00 分 召开地点：西安市高新区隆丰路 99 号陕西莱特光电材料股份有限公司会议室 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 股东大会召开日期：2024年9月4日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 （四） 现场会议召开的日期、时间和地点 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投票， 应按照《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》等有关 规定执行。 （七） 涉 ...

证券代码：688150 证券简称：莱特光电 公告编号：2024-034 陕西莱特光电材料股份有限公司 关于变更会计政策的公告 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。 重要内容提示： 一、本次变更会计政策概述 （一）变更会计政策的原因 计政策变更外，其他未变更部分，公司仍按照财政部前期颁布的《企业会计准则— —基本准则》和各项具体会计准则、企业会计准则应用指南、企业会计准则解释公 告以及其他相关规定执行。 （四）变更日期 根据财政部上述相关准则及通知规定，公司自2024年1月1日起执行《准则解释 第17号》。 2023年10月25日，财政部发布了《准则解释第17号》，该解释对"关于流动负 债与非流动负债的划分""关于供应商融资安排的披露""关于售后租回交易的会计处 理"的内容进行了规范说明。由于上述会计准则解释的发布，公司需对会计政策进 行相应变更，并按文件规定的生效日期开始执行上述会计准则。 （二）变更前采用的会计政策 本次会计政策变更前，公司执行财政部印发的《企业会计准则——基本准则》 和各项具体会计准则、后续发 ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.20 per 10 shares, totaling RMB 48,187,054.20, which represents 52.10% of the net profit attributable to shareholders for the first half of 2024[4]. - The total number of shares participating in the profit distribution is 401,558,785 after excluding 878,800 shares held in the repurchase account[4]. - The company has repurchased shares totaling RMB 19,986,562.30, which is considered as part of the cash dividend, bringing the total cash dividend amount to RMB 68,173,616.50, or 73.71% of the net profit attributable to shareholders[4]. - The profit distribution plan has been approved by the board and will be submitted for shareholder approval[4]. Financial Performance - The company's operating revenue for the first half of 2024 reached ¥245,522,903.78, representing a 73.65% increase compared to ¥141,389,000.30 in the same period last year[14]. - Net profit attributable to shareholders was ¥92,484,512.57, up 111.43% from ¥43,743,225.19 year-on-year[14]. - The net profit after deducting non-recurring gains and losses increased by 151.23%, amounting to ¥82,482,630.17 compared to ¥32,831,389.97 in the previous year[14]. - The net cash flow from operating activities surged by 771.36%, totaling ¥107,144,199.15, driven by increased sales receipts[16]. - Basic and diluted earnings per share both grew by 109.09%, reaching ¥0.23, primarily due to the increase in net profit[15]. Research and Development - The R&D expenditure as a percentage of operating revenue decreased to 12.22%, down 5.29 percentage points from 17.51% in the previous year[15]. - The company achieved a total R&D investment of ¥29,992,949.19, representing a 21.15% increase compared to the previous year[35]. - The company has filed 65 new invention patent applications and received 32 new invention patents during the reporting period, bringing the total authorized patents to 346[33]. - The company is focusing on R&D for OLED organic materials, with core technologies including synthesis of OLED intermediates and design of terminal materials[28]. Market Position and Growth - In Q1 2024, the domestic OLED panel shipment volume exceeded that of South Korea for the first time, with a year-on-year increase of 55.7%, capturing 51.8% of the market share[20]. - The global OLED smartphone shipment volume reached 595 million units in 2023, with a penetration rate of 51%, expected to rise to 661 million units and 55% in 2024[20]. - The company anticipates significant growth opportunities in the OLED materials sector due to rising downstream demand and accelerated capacity release[21]. - The company is enhancing its market share and competitiveness through increased R&D investment and product innovation[21]. Environmental Compliance - The company has invested RMB 43.75 million in environmental protection during the reporting period[80]. - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating its commitment to environmental regulations[80]. - The subsidiary LiteMinds achieved compliance in wastewater discharge, with key pollutants such as pH, suspended solids, and chemical oxygen demand meeting national standards[82]. - Both subsidiaries have operational pollution control facilities, ensuring that wastewater and exhaust emissions meet environmental standards[88]. Risk Management - There are no significant risks identified during the reporting period, and potential risks are detailed in the management discussion section[2]. - The company has established a comprehensive internal control system and governance structure to enhance risk management and protect shareholder rights[54]. - The company faces risks related to product price declines due to annual price reductions stipulated in contracts with BOE, which could impact gross margins[59]. - The company may face inventory impairment risks due to rapid product technology updates and changes in market demand[61]. Shareholder and Governance - The board of directors and management confirm the accuracy and completeness of the financial report, which has not been audited[3]. - The company has not violated any decision-making procedures regarding external guarantees[5]. - The company has established a multi-tier governance structure, including a shareholders' meeting, board of directors, supervisory board, and management team[168]. - The company has made long-term commitments regarding the repurchase of shares in cases of fraudulent issuance[104]. Financial Position - The company's total assets at the end of the reporting period were ¥2,056,807,265.37, reflecting a 5.88% increase from ¥1,942,657,636.97 at the end of the previous year[14]. - The net assets attributable to shareholders increased by 4.44% to ¥1,772,025,597.96 from ¥1,696,675,438.12 at the end of the last year[14]. - The company's total liabilities were CNY 284,781,667.41, an increase from CNY 245,982,198.85, marking a rise of about 15.7%[139]. - The company's cash and cash equivalents at the end of the period amounted to CNY 301.70 million, representing 14.67% of total assets, an increase of 46.38% from the previous year[67]. Compliance and Legal Matters - There were no major lawsuits or arbitration matters reported during the reporting period, indicating a stable legal environment for the company[112]. - The company has not faced any regulatory penalties related to financial compliance prior to its initial public offering[110]. - The company is committed to avoiding insider trading and will adhere to relevant regulations regarding share transactions[110]. - The company has not reported any significant asset acquisitions or disposals during the period, indicating a stable asset management strategy[114]. Cash Flow and Investment - The net cash flow from operating activities surged to CNY 107,144,199.15, a significant increase of 771.36% year-on-year, attributed to higher sales collections[66]. - The company received CNY 1,390,000,000.00 from investment recoveries, slightly lower than CNY 1,425,000,000.00 in the same period last year[155]. - The cash flow from investment activities showed a net outflow of CNY 30,194,792.68, a decline from a net inflow of CNY 14,194,993.98 in the first half of 2023[153]. - The company plans to use up to RMB 350 million of temporarily idle raised funds for cash management, with a usage period starting from April 5, 2024, for up to 12 months[122]. Inventory and Asset Management - The company's inventory decreased to CNY 92,076,698.13 from CNY 97,422,066.81, reflecting a decline of approximately 5.5%[137]. - The company recognizes inventory impairment based on the lower of cost and net realizable value, with specific criteria for determining the net realizable value[199]. - The company uses a perpetual inventory system and applies a monthly weighted average method for cost measurement of issued inventory[199]. - The company categorizes receivables into groups based on credit risk characteristics, including aging and related party status, for the purpose of provisioning[195].

证券代码：688150 证券简称：莱特光电 公告编号：2024-033 陕西莱特光电材料股份有限公司 关于公司 2024 年半年度利润分配方案的公告 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： 每股分配比例：每 10 股派发现金红利 1.20 元（含税），不进行资本公积 转增股本，亦不派送红股。 本次利润分配以实施权益分派股权登记日登记的总股本扣除公司回购专 用证券账户中股份为基数，具体日期将在权益分派实施公告中明确。 如在本公告披露之日起至实施权益分派股权登记日期间，因可转债转股/回 购股份/股权激励授予股份回购注销/重大资产重组股份回购注销等致使公司应分配 股数（总股本扣除公司回购专用证券账户股份余额）发生变动的，公司拟维持每股分 配比例不变，相应调整拟分配的利润总额，并将另行公告具体调整情况。 二、公司履行的决策程序 （一）董事会会议的召开、审议和表决情况 公司于 2024 年 8 月 19 日召开第四届董事会第五次会议，以全票审议通过了《关 于公司 2024 年半年度利润分配方案的议案》。本方案符合 ...

证券代码：688150 证券简称：莱特光电 公告编号：2024-031 陕西莱特光电材料股份有限公司 关于股份回购实施结果暨股份变动的公告 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 | 2023/8/24，由公司控股股东、实际控制人、董事 | | | | | --- | --- | --- | --- | --- | | | 长兼总经理王亚龙先生提议 | | | | | 回购方案实施期限 | 2023 年 8 月 23 日~2024 年 月 | 8 | 22 | 日 | | 预计回购金额 | 30,000,000 元~50,000,000 元 | | | | | 回购价格上限 | 29.34 元/股（含）（2023 | | | 年年度权益分派实施前 | | | 为 29.40 元/股（含）） | | | | | 回购用途 | □减少注册资本 | | | | | | √用于员工持股计划或股权激励 | | | | | | □用于转换公司可转债 | | | | | | □为维护公司价值及 ...

证券代码：688150 证券简称：莱特光电 公告编号：2024-030 陕西莱特光电材料股份有限公司 关于 2023 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： 一、回购股份的基本情况 陕西莱特光电材料股份有限公司（以下简称"公司"）于 2023 年 8 月 23 日召开 第三届董事会第二十二次会议，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》，同意公司使用自有资金以集中竞价交易方式回购公司股份。本次回购 资金总额不低于人民币 3,000 万元（含）且不超过人民币 5,000 万元（含），回购价格 不超过人民币 29.40 元/股（含），回购股份拟用于员工持股及/或股权激励计划，回购 期限为自董事会审议通过本次回购股份方案之日起不超过 12 个月。具体内容详见公 司分别于2023年8月24日、2023年8月31日在上海证券交易所网站（www.sse.com.cn） 披露的《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股份方案的公 ...

Investment Rating - The report maintains a "Buy" rating for the company, with an expected price increase of over 15% in the next 6-12 months [17][36]. Core Insights - The company is projected to achieve significant revenue growth, with expected revenues of RMB 620 million, RMB 1,020 million, and RMB 1,445 million for 2024E, 2025E, and 2026E respectively, reflecting growth rates of 106.10%, 64.55%, and 41.68% [2][36]. - The net profit attributable to the parent company is forecasted to be RMB 212 million, RMB 314 million, and RMB 450 million for 2024E, 2025E, and 2026E, with corresponding growth rates of 175.43%, 47.89%, and 43.43% [2][36]. - The company has shown strong performance in the OLED materials sector, with a notable increase in product penetration and revenue growth, particularly in Q2 2024, where revenue reached RMB 1.49 billion, a year-on-year increase of 109.8% [36]. Financial Summary - Revenue for 2022 was RMB 280 million, with a decline of 16.74%, followed by a recovery in 2023 with a growth of 7.27% to RMB 301 million [2]. - The diluted earnings per share (EPS) for 2024E is projected at RMB 0.527, with a price-to-earnings (P/E) ratio of 39.67 [2][36]. - The return on equity (ROE) is expected to improve from 4.54% in 2023 to 19.72% by 2026 [2][36].

公 司 报 告 公 司 事 项 点 评 证 券 研 究 报 告 2024年06月12日 电子 莱特光电(688150.SH) 下游需求高涨，驱动公司业绩大幅增长 推荐 ( 维持) 股价:20.92元 主要数据 | --- | --- | |------------------------|----------------| | 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 ) | 84 | | 流通 A 股市值 ( 亿元 ) | 37 | | 每股净资产 ( 元 ) | 4.33 | | 资产负债率 (%) | 12.5 | | 行情走势图 | | = 沪深300指数 证券分析师 | --- | --- | |----------|--------------------------------------------| | | | | 付强 ...

Revenue Expectations - The company expects a revenue of between 240.82 million and 284.60 million CNY for the first half of 2024, representing a year-on-year increase of 70.32% to 101.29%[3]. - In the same period last year, the company achieved a revenue of 141.39 million CNY and a net profit of 43.74 million CNY attributable to the parent company[5]. Net Profit Projections - The projected net profit attributable to the parent company for the first half of 2024 is between 81.06 million and 103.58 million CNY, an increase of 85.32% to 136.80% compared to the same period last year[3]. - After excluding share-based payment factors, the expected net profit attributable to the parent company is between 86.32 million and 108.84 million CNY, reflecting a year-on-year growth of 90.27% to 139.90%[3]. - The expected net profit after deducting non-recurring gains and losses is projected to be between 70.04 million and 92.56 million CNY, indicating a year-on-year increase of 116.83% to 186.54%[4]. Performance Drivers - The significant performance increase is primarily due to the sustained growth in demand for OLED downstream markets and a substantial increase in revenue from OLED terminal materials[6]. - The company has implemented measures to reduce costs and increase efficiency, further enhancing operational management and production efficiency[6]. Forecast Validity - The performance forecast has not been audited by an accounting firm, but there are no significant uncertainties affecting the accuracy of the forecast[7]. - The forecast data is preliminary and the final financial data will be disclosed in the official 2024 semi-annual report[8].

证券代码：688150 证券简称：莱特光电 公告编号：2024-027 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股份的进展公告 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 | 总经理提议 | | | 2023/8/24，由控股股东、实际控制人、董事长兼 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 2023 | 年 月 8 | 23 | 日~2024 | 年 | 月 8 | 22 | 日 | | 预计回购金额 | 30,000,000 元~50,000,000 | | | 元 | | | | | 回购用途 | 用于员工持股计划或股权激励 | | | | | | | | 累计已回购股数 | 2,794,800 股 | | | | | | | | 累计已回购股数占总股本比例 0.69% | | | | | | | | | 累计已回购金额 | 49,784,075.46 元 | | ...