Group 1 - The core viewpoint of the article highlights that Longli Technology (300752.SZ) has successfully developed and validated its LIPO innovative process technology, which has received high recognition from customers after years of research and development [1] - The company has established a portfolio of invention patents related to the LIPO technology, indicating a strong intellectual property position in this area [1]

Core Viewpoint - Longli Technology (300752.SZ) has established a strong technical foundation in the VR/XR display field, with its Mini-LED backlight display technology products receiving high recognition from clients such as Meta, Pico, and Vajor, and achieving mass delivery [1] Company Summary - Longli Technology has significant technical accumulation in the VR/XR display sector [1] - The company's Mini-LED backlight display technology has been well-received by major clients [1] - Mass delivery of products has been successfully achieved [1]

广发证券股份有限公司 关于深圳市隆利科技股份有限公司 2025 年半年度跟踪报告 | 保荐人名称：广发证券股份有限公司 | 被保荐公司简称：隆利科技 | | --- | --- | | 保荐代表人姓名：鲁学远 | 联系电话：020-66338888 | | 保荐代表人姓名：万小兵 | 联系电话：020-66338888 | | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2.督导公司建立健全并有效执行规章制度的 | | | 情况 | | | （1）是否督导公司建立健全规章制度（包括 但不限于防止关联方占用公司资源的制度、募 | 是 | | 集资金管理制度、内控制度、内部审计制度、 | | | 关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 6 次，每月查询 | | （2）公司募集资金项目进展是否与信息披露 | 是 | | 文件一致 | | | 4.公 ...

Market Overview - The optical optoelectronics sector experienced a decline of 1.41% on September 3, with Absen leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Absen (300389) closed at 15.19, down 8.44% with a trading volume of 255,000 shares and a turnover of 397 million yuan [1] - Huaying Technology (000536) fell by 7.63% to 5.45, with a trading volume of 2.14 million shares and a turnover of 1.204 billion yuan [1] - Other notable declines include Linjie Sensor (300701) down 5.35%, Qianzhao Optoelectronics (300102) down 5.29%, and Fuguang Co., Ltd. (688010) down 4.60% [1] Capital Flow - The optical optoelectronics sector saw a net outflow of 764 million yuan from institutional investors, while retail investors contributed a net inflow of 513 million yuan [1] - The table of capital flow indicates that major stocks like Su Da Weige (300331) and O-film (002456) experienced significant net outflows from institutional and retail investors [2]

Summary of Key Points Core Viewpoint - 隆利科技 has experienced a significant decrease in shareholder accounts, indicating potential shifts in investor sentiment and market dynamics [2]. Financial Performance - The company reported a revenue of 710 million yuan for the first half of the year, reflecting a year-on-year growth of 14.46% [2]. - Net profit for the same period was 44.29 million yuan, which represents a year-on-year decline of 11.57% [2]. - Basic earnings per share were reported at 0.2000 yuan, with a weighted average return on equity of 3.70% [2]. Shareholder Dynamics - As of August 31, the number of shareholders decreased to 19,016, down by 4,853 from the previous period, marking a 20.33% decline [2]. - The stock price closed at 24.13 yuan, down 1.03%, with an overall decline of 7.30% since the concentration of shares began [2]. - The stock experienced 3 days of increase and 6 days of decrease during the reporting period [2].

Group 1: LIPO Technology Insights - The LIPO technology is expected to see a market scale growth, with Omdia predicting over 1 billion units of small-sized OLED shipments in 2025, covering devices like smartphones and smartwatches [2] - LIPO technology products, such as wristbands and smartphones, have entered mass production, with ongoing efforts to enhance technology and yield [3] - The company is optimistic about the future of LIPO technology and plans to expand its application areas [2] Group 2: Production and Capacity - The capacity utilization rate for backlight display modules in the first half of 2025 was 76.51%, with the average value of single backlight display modules remaining stable [4] - The company is in the process of ramping up production and yield for LIPO technology products, with future capacity planning based on market orders [4] Group 3: Financial Performance and Cost Management - The increase in operating costs in Q2 2025 was primarily driven by revenue growth and higher initial investments in LIPO and precision injection molding businesses [4] - The company’s equipment depreciation is accounted for in accordance with accounting standards, being recognized on a periodic basis [4] Group 4: Market Performance and Investor Relations - The company's stock performance has not aligned with its operational results and market conditions, prompting a focus on enhancing investor communication and operational performance to improve market perception [5] - The company is committed to addressing market performance issues through various measures, including improving operational results and increasing investor engagement [5] Group 5: Strategic Partnerships and International Expansion - The company has gained recognition from overseas automotive brands and is looking to establish deeper collaborations with international clients as part of its overseas market strategy [3] - The company is actively exploring AI applications and has established a Precision Industrial Division to enhance its core competitiveness in this area [3]

Group 1 - The core point of the article is that Longli Technology considers Meta as an important end customer and maintains a close cooperative relationship with them [1] Group 2 - Longli Technology has expressed its commitment to collaboration with Meta, indicating the significance of this partnership for the company [1]

Group 1 - The company, Longli Technology, has stated that Meta is an important end customer, indicating a significant business relationship [1] - The company maintains a close cooperative relationship with Meta, suggesting ongoing collaboration and potential for future projects [1] - Additionally, the company has a partnership with BOE Technology Group regarding LIPO technology products, highlighting its involvement in advanced technology collaborations [1]

Core Viewpoint - NIO has launched the new ES8 model with a price range of 308,800 to 456,800 yuan, showcasing advanced display technology in its interior [1]. Group 1: Product Features - The ES8 features a 1.4-meter long SKYLine dual 24-inch digital skyline screen, utilizing Longli Technology's latest Mini LED backlight technology, with 1610 zones, 5K resolution, 1200 nits brightness, a contrast ratio of 1,000,000:1, and 10-bit color depth, achieving 100% DCI-P3 color gamut coverage [2]. - Additionally, the ES8 is equipped with a 21.4-inch large entertainment ceiling screen, also using Longli Technology's Mini LED backlight technology, featuring 1914 zones, 3K resolution, 1000 nits brightness, a contrast ratio of 1,000,000:1, and 100% DCI-P3 color gamut coverage [5]. Group 2: Industry Context - Longli Technology specializes in overall backlight display module solutions, with core businesses in consumer electronics and rapidly growing automotive display sectors. The company reported a revenue of 710 million yuan in the first half of the year, marking a 14.46% year-on-year increase, driven by the growth in automotive display sales [8].

证券日报网讯 隆利科技8月25日在互动平台回答投资者提问时表示，公司的产品暂未应用在机器人上。 公司于2024年成立了精密工业事业部，积极布局智能新型硬件终端，如AI端侧产品的精密结构件研发 等，未来公司将不断拓展产品应用领域，增强公司核心竞争力。 （编辑 王雪儿） ...