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 | 2025/1/21 | | --- | --- | | 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 | 万元~10,000 万元 5,000 | | 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 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 股 435,709 | | 累计已回购股数占总股本比 | 0.21% | | 例 | | | 累计已回购金额 | 1,015.78 万元 | | 实际回购价格区间 | 23.11 元/股~23.56 元/股 | 一、 回购股份的基本情况 证券代码：688378 证券简称：奥来德 公告编号：2025-010 吉林奥来德光电材料股份有限公司 关于股份回购进展公告 号——回购股份》等相关规定，公司在回购股份期间应于每个月的前三个交易日 内披露截至上月末的回购进展情况。现将公司回购股份进展情况公告如下： 2025 年 ...

证券研究报告 | 公司点评 | 专用设备 奥来德(688378) 报告日期：2025 年 02 月 18 日 八代蒸发源订单落地提利基，材料业务控本增收促弹性 ——奥来德业绩快报点评 投资要点 ❑ 事件：公司于 2 月 14 日发布业绩快报，2024 年公司预计实现营业收入 5.33 亿 元，同比增长 3%，归母净利润 9016.73 万元，同比下滑 26.25%，扣非归母净利 润 4522.74 万元，同比下滑 40.11%。此外，全资子公司上海升翕参与京东方 8.6 代 AMOLED 生产线项目投标，成为第一中标候选人，金额为 6-7.5 亿元。 ❑ 蒸发源"守 6 望 8"过渡期临近尾声，中标核心大客户订单迎来曙光 2024 年，国内 AMOLED 行业处于"6 代线向 8.6 代线升级转换"的阶段，6 代线 建设速度放缓，基本结束，8.6 代线逐步开启建设，对于公司而言，6 代蒸发源 仅剩下改造、维修需求，8.6 代蒸发源仍处于研发验证阶段，未形成实质订单， 因此公司蒸发源业务收入同比有所减少，但研发投入不降反升，使得整体业绩有 所承压。所幸，这一"阵痛期"已临近尾声，京东方作为国内头部 AMOLED ...

证券代码：688378 证券简称：奥来德 公告编号：2025-009 吉林奥来德光电材料股份有限公司 关于全资子公司收到中标通知书的公告 本公司董事会、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、 中标项目的具体情况 项目名称：京东方第 8.6 代 AMOLED 生产线项目 招标人：成都京东方显示技术有限公司 设备名称：线性蒸镀源 数量：1 套 中标金额：655,400,000 元（含税） 二、中标对公司的影响 以上项目中标有利于增加公司的经营业绩，促进公司的发展，提升在 8.6 代 蒸发源市场的品牌影响力，为后续参与市场竞争筑牢根基。根据产品交付、验收 情况，预计对 2025 年度、2026 年度的业绩产生积极影响，但不排除确认收入时 间有延后的可能。 本次交易订单对公司业务独立性不会产生影响，不会因履行合同而产生业务 吉林奥来德光电材料股份有限公司（以下简称"公司"）于 2025 年 2 月 14 日在上海证券交易所网站披露《关于全资子公司预中标公示的提示性公告》。近 日，全资子公司上海升翕光电科技有限公司（ ...

证券代码：688378 证券简称：奥来德 公告编号：2025-008 吉林奥来德光电材料股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 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 | 2025/1/21 | | --- | --- | | 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 | 万元~10,000 万元 5,000 | | 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 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 435,709 股 | | 累计已回购股数占总股本比 | 0.21% | | 例 | | | 累计已回购金额 | 1,015.78 万元 | | 实际回购价格区间 | 23.11 元/股~23.56 元/股 | 一、 回购股份的基本情况 2025 年 1 月 20 日，公司召开第五届董事会第九次会议，审议通过了《关于以 集中竞价交易方式回购公司股份方案的议案》。同意 ...

Investment Rating - The report rates the chemical industry as "Outperform the Market" [1] Core Views - The report suggests focusing on companies in rapidly developing downstream industries, particularly in electronic materials and new energy materials [1] - It emphasizes the importance of high-quality development and shareholder returns, recommending large energy state-owned enterprises and related oil service companies [1] - The report highlights the high prosperity of leading companies in the refrigerant and vitamin industries [1] - It notes an overall improvement in macroeconomic expectations, suggesting attention to undervalued leading companies and those in the light hydrocracking sub-industry [1] Summary by Sections Industry Dynamics - During the week of February 10-16, 2025, among 101 tracked chemical products, 43 saw price increases, 26 saw declines, and 32 remained stable [7] - The average price of WTI crude oil was $70.74 per barrel, with a weekly increase of 0.18%, while Brent crude oil was $74.74 per barrel, with a weekly increase of 0.11% [31] - The report indicates a tightening supply of potassium chloride due to reduced production and limited import availability, with prices rising to 2797 CNY/ton, up 4.19% week-on-week [32] Investment Recommendations - The report recommends focusing on companies in the rapidly developing electronic materials and new energy materials sectors [8] - It suggests that the oil and gas extraction sector will continue to see high prosperity, with energy state-owned enterprises improving quality and efficiency [8] - The report identifies specific companies to recommend, including China Petroleum, China National Offshore Oil Corporation, and several others in the new materials and chemical sectors [8] Price Changes - The average price of DMF increased to 4300 CNY/ton, up 4.24% week-on-week, despite a year-on-year decrease of 12.65% [33] - The report notes that the overall market for chemical products is experiencing a mixed trend, with some products seeing significant price increases while others decline [30]

当前价：24.62 元 2025 年 2 月 15 日 作者 公司研究 分析师：赵乃迪 执业证书编号：S0930517050005 010-57378026 zhaond@ebscn.com 设备订单减少 24 年业绩暂时承压，顺利中标高世代线性蒸发源项目 ——奥来德（688378.SH）公告点评 买入（维持） 分析师：周家诺 股价相对走势 -35% -17% 1% 20% 38% 02/24 05/24 08/24 11/24 奥来德 沪深300 | 收益表现 | | | | | --- | --- | --- | --- | | % | 1M | 3M | 1Y | | 相对 | 8.35 | -7.00 | 4.10 | | 绝对 | 12.11 | -7.76 | 19.82 | | 资料来源：Wind | | | | 相关研报 OLED 材料营收快速增长，8.6 代 OLED 蒸发 源订单可期——奥来德（688378.SH）2024 年三季报点评（2024-10-25） OLED 景气向上，24Q1 材料营收同环比大幅 增长——奥来德（688378.SH）2024 年一季 报点评（2024-04-2 ...

Financial Performance - The total operating revenue for 2024 was RMB 532.82 million, representing a year-on-year increase of 3.00%[3] - The net profit attributable to shareholders of the parent company was RMB 90.17 million, a decrease of 26.25% compared to the previous year[3] - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB 45.23 million, down 40.11% year-on-year[3] - The weighted average return on net assets decreased to 5.13%, down 2.07 percentage points from the previous year[4] Assets and Equity - The total assets at the end of the reporting period were RMB 2,178.89 million, a decrease of 1.55% from the beginning of the period[4] - The equity attributable to shareholders of the parent company was RMB 1,737.10 million, down 2.26% from the beginning of the period[4] - The company's share capital increased by 40.00% during the reporting period due to a capital reserve conversion plan[6] Research and Development - The company is focusing on R&D for 8.6 generation equipment and upgrading existing 6 generation equipment to maintain competitive advantage[5] - The decline in profit was attributed to reduced income from evaporation source equipment and increased R&D investment[6] Risk Management - The company emphasizes the importance of monitoring investment risks as the financial data is preliminary and unaudited[7]

证券时报记者 康殷 奥来德(688378)2月13日晚间公告，公司全资子公司上海升翕近期参与了成都京东方显示技术有限公司 第8.6代AMOLED生产线项目的投标。根据必联网发布的评标结果公示公告，上海升翕为第一中标候选 人，项目金额为6亿—7.5亿元。 奥来德表示，以上项目中标有利于增加公司的经营业绩，促进公司的发展，进一步提升公司在8.6代蒸 发源市场的品牌影响力与市场份额。根据产品交付、验收情况，预计对2025年度、2026年度的业绩产生 积极影响，但不排除确认收入时间有延后的可能。 据了解，奥来德与京东方的合作由来已久。作为国内面板龙头，奥来德在材料及设备方面均与京东方开 展密切合作。在材料业务领域，其中有机发光材料Green Prime首次导入京东方；封装材料、PSPI材料 等正积极进行市场推广及测试工作，未来有望为公司收入贡献新增量。在设备业务领域，公司已向成都 京东方、重庆京东方、绵阳京东方提供6代AMOLED线性蒸发源设备，并正积极推进8.6代AMOLED线 性蒸发源的市场推广工作。 同时，奥来德凭借蒸发源设备优良的性能和服务优势，此前未使用公司蒸发源产品的厂商在产线技术改 造时选择用公司的蒸发 ...

吉林奥来德光电材料股份有限公司（以下简称"公司"）全资子公司上海 升翕光电科技有限公司（以下简称"上海升翕"）近期参与了成都京东方显示技 术有限公司第 8.6 代 AMOLED 生产线项目的投标。根据必联网发布的评标结果 公示公告，上海升翕为第一中标候选人。 现将相关项目情况提示如下： 一、主要情况 证券代码：688378 证券简称：奥来德 公告编号：2025-006 吉林奥来德光电材料股份有限公司 关于全资子公司预中标公示的提示性公告 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。 1.以上项目中标有利于增加公司的经营业绩，促进公司的发展，进一步提升 公司在 8.6 代蒸发源市场的品牌影响力与市场份额。根据产品交付、验收情况， 预计对 2025 年度、2026 年度的业绩产生积极影响，但不排除确认收入时间有延 后的可能。 2.本次交易订单对公司业务独立性不会产生影响，不会因履行合同而产生业 务依赖。 三、相关风险提示 1 上述项目尚处于公示阶段，评标公示截止时间为 2025 年 2 月 17 日，上海升 翕能否收到中标通 ...

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 31.61 CNY per share, based on a current price of 25.8 CNY [6]. Core Insights - The company, Jilin Oled Technology Co., Ltd., is a leading player in the OLED materials and equipment sectors, benefiting from the industry's shift from small to medium-sized displays [3][4]. - The company has shown significant revenue growth, with a CAGR of 14.5% from 2018 to 2023, reaching 517 million CNY in 2023 [2][31]. - The OLED industry is expected to maintain double-digit growth, with penetration rates projected to exceed 10% by 2027 [3][4]. Company Overview - Jilin Oled Technology Co., Ltd. was established in 2005 and has focused on the research and development of organic light-emitting materials, expanding into evaporation source equipment since 2012 [1][17]. - The company has a clear shareholding structure with a high proportion of shares held by consistent stakeholders, and a strong R&D team with 24.3% of employees dedicated to research [1][25]. - As of mid-2024, the company has accumulated 396 patents, reflecting its commitment to innovation [1][19]. Financial Performance - The company's revenue has increased from 41 million CNY in 2017 to 517 million CNY in 2023, with a gross margin consistently above 50% since 2017 [2][31]. - For 2024, the company is projected to achieve revenues of 584.46 million CNY, with a net profit of 104.61 million CNY [5][31]. - The EBITDA for 2023 was reported at 237.06 million CNY, indicating strong operational performance [5]. Market Dynamics - The OLED industry is transitioning towards medium-sized displays, with significant investments from panel manufacturers, which is expected to drive demand for both materials and equipment [3][4]. - The company is well-positioned to benefit from this trend, as it operates in both the materials and equipment segments, allowing it to capture growth opportunities across the value chain [4][12]. Future Outlook - The company anticipates continued growth in net profit, with projections of 1.05 billion CNY in 2024, 2.77 billion CNY in 2025, and 3.20 billion CNY in 2026 [4][5]. - The report highlights the potential for new product developments and market expansions, particularly in the areas of encapsulation materials and perovskite solar cells [19][24].