Group 1: Mini-LED Technology in Automotive Displays - The company's Mini-LED technology is positioned as a key development direction in the automotive display market due to its high brightness, contrast, low power consumption, and long lifespan advantages [2] - The rapid growth of the electric vehicle market and the popularity of smart cockpit concepts are driving demand for high-performance and energy-efficient display technologies [2] - The company has established strong partnerships with tier 1 clients such as Continental, Faurecia, and Visteon, as well as end customers like BYD, NIO, and Geely, indicating a robust market presence [2] Group 2: LIPO Technology Development - The company began developing LIPO technology in 2022 to enhance competitiveness in the OLED display sector, responding to the rapid penetration of OLED in various devices [3] - LIPO technology has received high recognition from clients after three years of R&D, and it is expected to positively impact the company's performance as it enters mass production [3] - The introduction of LIPO ultra-narrow bezel technology by Apple in 2024 is setting a market trend, with major brands actively following suit, indicating a growing consumer demand [3] Group 3: Precision Structural Components - The market demand for precision structural components is significantly increasing due to the rapid development of industries such as electric vehicles and consumer electronics [3] - The company established a Precision Industrial Division in 2024 to leverage over 15 years of expertise in precision mold design and processing, focusing on the development of precision components for AI edge products [3]

Group 1: Business Development and Technology - The company's vehicle display business is rapidly developing due to the promotion of new energy vehicles and the increasing penetration of intelligent cockpits, with Mini-LED technology meeting the demand for new display solutions [2] - The company has established strong partnerships with tier 1 clients such as Continental, Faurecia, and Visteon, as well as end customers like BYD, NIO, and Geely, which has accelerated the growth of its vehicle display business [2] - The company plans to leverage its first-mover advantage in Mini-LED technology to further expand its business [2] Group 2: LIPO Technology Market Outlook - According to Omdia, the shipment of small and medium-sized OLEDs is expected to exceed 1 billion units in 2025, covering devices like smartphones and AR/VR headsets [3] - LIPO technology, recognized for its advantages and already adopted by Apple, is anticipated to see a rapid increase in penetration, creating new market demand [3] - The company has been developing LIPO technology since 2022, and it is now entering mass production, which is expected to positively impact its performance [3] Group 3: Product Applications - The company's display products have successfully been applied in action cameras, with bulk deliveries made to clients such as DJI and GoPro [3] - The company aims to continue expanding its business coverage and deepen cooperation with various clients [3]

Group 1: Industry Trends - The automotive display market is expected to see a growth in the number of screens and an upgrade in screen specifications, particularly in the rapidly growing domestic new energy market [2] - The penetration rate of smart cockpits is continuously increasing, leading to a trend towards personalization, convenience, and multimodal development in human-machine interaction [2] - The mainstream size of single screens is upgrading from 8-10 inches to 15-16 inches, indicating an expanding market space for automotive displays [2] Group 2: Company Positioning - The company is a leading player in Mini-LED automotive backlight display technology, possessing significant advantages in technology reserves, patent rights, and mass production capabilities [2] - The company aims to leverage its Mini-LED technology advantages and overall solution capabilities for smart cockpit displays to accelerate business development [3] Group 3: Technology Adoption - The LIPO ultra-narrow bezel technology, adopted by Apple in its latest 2024 smartphone, is setting a market trend and driving consumer demand, which is expected to propel the rapid development of LIPO technology [3] - The company is accelerating the verification and transformation of LIPO process innovation technology, with LIPO technology gradually entering mass production, positively impacting company performance [3] Group 4: Future Profitability - The company is committed to a high-quality long-term development strategy based on profitability, actively expanding its diversified business layout [3] - The core business segments include consumer electronics (mobile phones, tablets, notebooks), rapidly growing automotive display business, and LIPO business entering mass production in 2025, forming a "1+2+N" diversified layout [3]

Summary of LIPO Technology Conference Call Industry and Companies Involved - **Industry**: LIPO technology in OLED screen packaging - **Companies**: 隆利科技 (Longli Technology), 德邦科技 (Debang Technology) Key Points and Arguments 1. **LIPO Technology Overview**: LIPO technology enhances smartphone screen drop resistance with ultra-narrow bezels of 1.2 to 1.3 mm, reducing the previous black border of over 2 mm. This technology is applicable to smartphones, smartwatches, and tablets [1][2] 2. **Cost Efficiency**: The cost of LIPO technology for Android devices is approximately 20 to 30 RMB per set, making it a cost-effective solution that replaces older processes [1][3] 3. **Market Penetration**: It is anticipated that LIPO penetration in OLED screens could exceed 50% within the next two to three years, potentially reaching 70-80%. Major Android flagship models are expected to adopt LIPO technology in 2025 [1][5] 4. **Competitive Advantage of Companies**: 隆利科技 and 德邦科技 are highlighted as key players in the LIPO technology space, with 隆利科技 excelling in mold development and 德邦科技 leading in high-end packaging materials [1][7][13] 5. **Apple's Adoption**: Apple began testing LIPO technology in 2021 and is progressively implementing it across its iPhone 17 series, which will utilize this packaging method [1][5] 6. **Android Brands' Adoption**: Xiaomi and OPPO have already integrated LIPO technology into their upcoming models, with positive market feedback [1][5] 7. **Industry Opportunities**: The LIPO packaging process involves suppliers of photosensitive adhesive materials, injection molding equipment, and testing devices, presenting significant growth opportunities for these manufacturers [1][6] 8. **Role of Key Suppliers**: In Apple's supply chain, companies like 立讯精密 (Luxshare Precision) and screen manufacturers such as 京东方 (BOE) and 华星光电 (CSOT) play crucial roles in the LIPO technology ecosystem [1][8] 9. **Material and Equipment Requirements**: LIPO technology requires specialized equipment and materials, particularly photosensitive adhesives, which have a price range of 2 to 4 RMB per unit. Key suppliers include 德邦科技 and 汉高 (Henkel) [1][9] 10. **Future Growth Projections**: 隆利科技 is expected to maintain over 50% annual growth in its vehicle-mounted MINI backlight module business, while 德邦科技 forecasts an annual profit of 170 million RMB, indicating strong growth potential for both companies [1][16] Other Important Considerations 1. **Mold Development**: Molds are critical in the LIPO process, with 隆利科技 having significant experience and capabilities in this area, which positions them favorably in the market [1][12] 2. **Collaboration Potential**: Both 隆利科技 and 德邦科技 may expand their market share through collaborative efforts, leveraging their respective strengths in mold development and high-end packaging materials [1][15] 3. **Technological Trends**: The LIPO technology is expected to see rapid adoption starting in 2025, marking a pivotal year for both companies as they capitalize on this trend [1][14]

Group 1: LIPO Technology and Mini-LED Products - The company's LIPO technology products have received high recognition from clients after three years of R&D and validation, and are now entering mass production, which is expected to positively impact company performance [2] - The Mini-LED technology is rapidly being adopted in automotive displays, with partnerships established with tier 1 clients such as Continental, Faurecia, and Visteon, as well as end customers like BYD, NIO, and Geely, indicating a fast-growing automotive business [3] Group 2: AI Technology and Market Trends - The rapid development of AI technology is driving new market opportunities in smart hardware, with the company actively investing in R&D for emerging products like AR glasses and Micro-LED technology [3] - The demand for precision structural components is expected to increase as electronic devices trend towards lightweight and integrated designs, providing new growth opportunities for the company [3] Group 3: LCD Industry Outlook - The recovery of the macro economy and consumer demand is leading to a resurgence in the consumer electronics sector, with a growing need for intelligent, thin, large, interactive, and ultra-high-definition screens [3] - The traditional LCD display market is anticipated to continue its steady and healthy development due to ongoing domestic and international demand growth and industry optimization [3]

Group 1: AR/VR and Display Technology - The company has made significant advancements in AR/VR display products, with its Mini-LED+VR technology gaining high recognition from clients like Meta and Pico, leading to mass production in 2022 [2] - The company is also developing AR glasses optical systems using Micro-LED and waveguide technology, anticipating rapid growth in the smart wearable market as industry giants accelerate their strategies [2] Group 2: LIPO Technology and OLED Innovations - LIPO technology, an innovation in OLED screen processes, is expected to see a rapid increase in penetration, driven by demand from major clients like Apple, with the company starting its development in 2022 [2] - The company is actively upgrading LIPO technology and exploring applications in OLED folding screen hinges, which is projected to positively impact company performance as it enters mass production [2] Group 3: Automotive Partnerships - The company has successfully supplied its display products for key automotive clients, including a 14.6-inch central control screen for Geely's Xingyuan and a 15.6-inch screen for XPeng's MONA M03 [3] - Future plans include deepening and broadening collaborations with these automotive clients to enhance product offerings [3]

证券代码：300752 证券简称：隆利科技 公告编号：2025-039 深圳市隆利科技股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 深圳市隆利科技股份有限公司（以下简称"公司"）于 2025 年 1 月 13 日召开第三届董 事会第十六次（临时）会议和第三届监事会第十六次（临时）会议，审议通过了《关于回购 公司股份方案的议案》，公司拟以自有资金和/或自筹资金不低于人民币 3,000 万元且不超 过人民币 6,000 万元(均含本数)通过集中竞价交易方式回购公司人民币普通股(A 股)股票， 用于实施员工持股计划和/或股权激励。本次回购的资金总额不低于人民币 3,000 万元且不 超过人民币 6,000 万元,回购价格不超过人民币 27.18 元/股(含本数)。按回购金额上限人民 币 6,000 万元、回购价格上限 27.18 元/股测算，预计可回购股数不低于 2,207,483 股 （含 本数），约占公司目前总股本的 0.98%；按回购金额下限人民币 3,000 万元、回购价格上限 27.18 元/股测算，预计可回购 ...

Group 1: Market Trends - In 2024, total automobile sales in China are projected to reach 31.436 million units, a year-on-year increase of 4.5%, with new energy vehicle sales expected to hit 12.866 million units, growing by 35.5% [2] - The penetration of smart driving and autonomous driving technologies is increasing, leading to higher user demands for in-car displays in terms of quality, resolution, size, and quantity [2] - The market for in-car displays is anticipated to experience rapid growth, driven by the adoption of Mini-LED display technology and an increase in the number of screens from a single central display to multiple types [2] Group 2: Company Positioning - The company is a leading player in Mini-LED backlight display technology, possessing significant advantages in technology reserves, patents, and mass production capabilities [2] - The company aims to leverage its first-mover advantage in Mini-LED technology to accelerate business development [2] Group 3: Consumer Electronics Demand - The consumer electronics sector is showing signs of recovery, with the company’s mobile phone, tablet, and notebook businesses gradually improving and gaining recognition from major clients such as BOE, TCL Huaxing, and others [3] - The company’s profitability in the consumer electronics segment is on the rise, supported by its strong quality and technological capabilities [3] Group 4: Technological Innovation Strategy - The company adheres to a "technology-driven" business philosophy and focuses on core products while increasing R&D investment through a "1+2+N" diversified layout [3] - New projects in Mini-LED technology are being developed, including ultra-thin high-color-gamut display modules and innovative solutions for automotive applications [3] - The company is advancing LIPO process innovations and developing new OLED technologies to enhance its competitiveness in the OLED display market [3] - The company is also exploring new product technologies in response to the AI+ trend, including AI glasses and AR optical systems [3]

深圳市隆利科技股份有限公司（以下简称"公司"）于2025年4月23日召开第三届董事 会第十七次会议和第三届监事会第十七次会议，审议通过了《关于注销2024年股票期权激 励计划部分股票期权的议案》，鉴于公司2024年股票期权激励计划的激励对象中有12名激 励对象因个人原因已离职而不再符合激励对象条件，其已获授但尚未行权的股票期权共计 47.4万份不得行权；1名激励对象于第一个行权期的个人绩效评价结果为C，对应个人层面 可行权比例为50%，其当期计划行权的股票期权的50%共计0.75万份不得行权，经审议，同 意将公司2024年股票期权激励计划合计48.15万份股票期权予以注销。具体内容详见公司于 2025年4月24日在巨潮资讯网（http://www.cninfo.com.cn）上披露的《关于注销2024年股 票期权激励计划部分股票期权的公告》。 证券代码：300752 证券简称：隆利科技 公告编号：2025-038 深圳市隆利科技股份有限公司 关于2024年股票期权激励计划部分股票期权注销完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 近日，经公司申 ...

Group 1: Company Technology and Market Position - The company has made significant advancements in AR/VR and precision components, with its Mini-LED + VR technology products receiving high recognition from clients like Meta and Pico, leading to mass production in 2022 [2] - The integration of AI models is expected to drive rapid growth in the smart wearable market, supported by the company's existing capabilities in precision mold design and processing, as well as optical injection molding [2][3] - The demand for precision components is anticipated to increase due to the trend of electronic devices becoming thinner and more integrated, presenting new opportunities for the company [3] Group 2: Collaborations and Product Applications - The company's vehicle display products have been successfully applied in BYD's Yangwang U8 model, indicating a strong partnership and future collaboration potential [3] - The company has been developing its LIPO technology since 2022, focusing on OLED display process innovations, which have received high recognition from clients after three years of R&D [3] Group 3: Competitive Advantages - The company boasts over 15 years of experience in mold design and high-precision processing, which enhances the competitiveness of its LIPO technology [3] - The ability to quickly develop molds is a critical advantage, supported by the company's extensive experience and technical reserves [3] Group 4: Investor Relations Activity - The investor relations activity took place from May 20 to May 21, 2025, in Shenzhen and Huizhou, involving various investment firms and individual investors [2] - The event did not involve any undisclosed significant information [3]