（记者 曾健辉） 每经头条（nbdtoutiao）——短剧大爆发，吸纳69万人就业！一度送外卖的演员也找到工作：收入还算 可观但太累，剧组常备速效救心丸，拍睡觉戏真能睡着 每经AI快讯，天禄科技发布公告称，2026年1月19日，天禄科技接受交银施罗德基金等投资者调研，公 司投资者关系总监李艳茹女士参与接待，并回答了投资者提出的问题。 ...

Group 1 - The core viewpoint of the article highlights the progress and feasibility of domestic production of TAC film in China, driven by the acceleration of the localization of the polarizer segment [2][6] - The transfer path of the liquid crystal display industry chain is outlined as "USA-Japan-Korea-Taiwan-China," with Japan still dominating core component technology [2] - The domestic production of LCD panels has reached approximately 70% of global capacity since BOE established its first production line in 2005 [2] Group 2 - The collaboration between BOE and Tianlu Technology for the TAC film project began in 2020, driven by the trend of polarizer localization [3] - The construction of the factory for the TAC film project is progressing steadily, with the main equipment expected to be installed and tested in the first half of 2026 [4] - The company holds a 56.4603% stake in Anhui Jiguang after the recent financing round, ensuring it will continue to consolidate the financial results of the subsidiary [5]

证券代码：301045 证券简称：天禄科技 苏州天禄光科技股份有限公司 投资者关系活动记录表 3、TAC膜项目近期的进展如何？ 编号：2026-004 | | 年 月取得建筑 （1）厂房建设方面：安徽吉光已于 2025 6 | | --- | --- | | | 工程施工许可证，目前厂房建设稳步推进；（2）设备采购方面： | | | 主要设备将于今年上半年陆续进场调试；（3）研发方面：实验 | | | 室状态的试制膜已送往下游偏光片厂和面板厂进行检测，测试 | | | 结果与安徽吉光自身检测的结论无重大差异。该程序主要用于 | | | 验证不同方式对厚度、透光率、雾度值、拉伸性能、抗UV等测 | | | 试指标的影响，并非用于论证安徽吉光批量化生产的能力。 | | | 4、近期公司公告对安徽吉光进行增资，同时引入外部投资 | | | 人，且仍有进一步融资预期，公司最终对安徽吉光的持股比例 | | | 如何，是否可以并表？ | | | 最近一轮融资完成后，公司对安徽吉光的持股比例为 | | | 56.4603%，融资工作已进入收尾阶段，公司的持股比例预期将 | | | 维持在 50%以上，对安徽吉光保持并表。 ...

Business Overview - The company operates in three main business segments, focusing on optical films, particularly the TAC film, which is crucial for the display industry [1] - The TAC film market is dominated by Japanese suppliers, while the reflective polarizing film is primarily supplied by American and Japanese companies, indicating a reliance on foreign technology [1] Investment and Support - Shareholders of Anhui Jiguang, including representatives from the optical film and panel manufacturing sectors, provide significant support in technology, equipment selection, and sales channel development [2] - The involvement of investment firms specializing in new materials enhances the project’s advancement through technical and operational guidance [2] Project Progress - As of June 2025, Anhui Jiguang has obtained construction permits, and the factory construction is progressing steadily [3] - Major equipment is expected to arrive and undergo testing in the first half of 2026, with initial product testing showing consistent results with internal assessments [3] Competitive Landscape - The market for TAC film faces competition from PMMA, COP, and PET, with TAC film maintaining a significant share due to its established position in the optical film market [3][4] - The global market for TAC film has seen limited new capacity in the past decade, while demand from panel manufacturers continues to rise, creating opportunities for market share expansion [3][4] Environmental Considerations - The production process for TAC film is noted for its environmental benefits, including the recyclability of solvents and the use of cotton as a primary raw material, making it a greener option compared to competitors [4] Investment in Related Ventures - The company holds a minor stake (approximately 0.0072%) in Yushu Technology through an investment fund, which is not expected to have a significant impact on its operations [4]

Group 1 - The core investment amount for the reflective polarizing enhancement film project is approximately 300 million yuan [2] - The initial funding will primarily come from raised funds and the company's own capital, with preparations for financing already underway [2] - The company plans to introduce some external investors to optimize its governance and equity structure [2]

Core Viewpoint - Tianlu Technology indicates that the main companies engaged in TFT-level TAC film research and development in mainland China include Leike Film and Anhui Jiguang, highlighting the high technical barriers and the expectation of limited new competitors in the short term [1] Industry Summary - The competitive landscape for domestic substitution in the TAC film market is relatively mild, with all participants having sufficient market development space [1] - The company and its peers are committed to contributing to the localization of high-end film materials [1]

Core Viewpoint - Tianlu Technology's subsidiary, Anhui Jiguang, is engaged in the research and production of TAC optical films, receiving broad support from the industry chain [1] Group 1: Company Developments - The project has garnered support from stakeholders including polarizer manufacturer Sanlipu and panel manufacturer BOE, contributing to technology pathways, equipment selection, product validation, and sales channels [1] - The construction of the factory is progressing steadily, with major equipment expected to be installed and tested in the first half of 2026 [1] - The laboratory-produced films have been sent to downstream customers for testing, with results meeting expectations [1] Group 2: Production Capacity - The first phase of the project plans to establish one production line with an annual capacity of approximately 60 million square meters [1] - Future expansion plans for the second phase will be determined based on the progress of the initial phase [1]

21智讯1月14日电，天禄科技在投资者关系活动中表示，自2025年12月以来，受体育赛事备货等因素影 响，品牌厂采购积极，推动TV面板出货量上升，在厂商普遍采取"按需生产"策略背景下，TV面板价格 有望上涨。MNT面板方面，部分品牌客户释放补库存需求，叠加TV及其他产品对产能的挤压以及海外 产能收缩，导致部分尺寸产品出现结构性供给紧张，价格环比上涨。整体面板稼动率在需求前移和备货 拉动下，预计将延续2025年12月的高水准。 ...

（记者 曾健辉） 每经AI快讯，天禄科技发布公告称，2026年1月14日，天禄科技接受鹏华基金调研，公司投资者关系总 监李艳茹女士参与接待，并回答了投资者提出的问题。 每经头条（nbdtoutiao）——海利生物增值9倍并购的企业，估值8个月"腰斩"，其第一大客户竟是尚未 成立的公司，离奇的事还不少…… ...

Business Overview - Suzhou Tianlu Technology Co., Ltd. operates in three main business segments, focusing on optical films, including TAC film and reflective polarizing films, to address domestic supply chain challenges and enhance growth potential [1][2]. TAC Film Market Insights - The demand for TAC film is projected to reach 1.229 billion square meters by 2025, with over 70% of the panel production capacity located in mainland China [2]. - Currently, Japanese suppliers dominate the TAC film market, holding approximately 75% of the global market share [2]. - The cost of TAC film constitutes over 50% of the polarizer film material costs, making it a critical component for profitability in the polarizer industry [2]. Competitive Landscape - Key players in the domestic TFT-grade TAC film development include LeKai Film and Anhui Jiguang, with limited new entrants expected due to high technical barriers [3]. - The market competition for domestic alternatives is relatively mild, allowing ample growth opportunities for existing players [3]. Project Development and Financing - Anhui Jiguang has received support from major stakeholders across the supply chain, including Sanli Film and Beijing Electric Control Investment, enhancing project advancement through technical and operational assistance [4]. - The construction of Anhui Jiguang's factory is progressing, with a production line expected to yield approximately 60 million square meters of TAC optical film annually [5]. Reflective Polarizing Film Project - The global market for reflective polarizing films is anticipated to reach $1.438 billion by 2025, primarily dominated by suppliers from the US, Japan, and South Korea [6]. - Suzhou Yijia, a subsidiary established in 2025, aims to produce reflective polarizing films, with plans for two production lines capable of generating 2.4 million square meters annually [7]. Financial Strategy - The investment for the reflective polarizing film project is estimated at approximately 300 million yuan, with initial funding sourced from capital raising and company funds, alongside plans for external financing to optimize governance and equity structure [7]. Market Trends and Production Capacity - The LCD panel market is experiencing upward price trends due to increased demand from upcoming sports events and proactive inventory management by brand manufacturers [7]. - The production capacity utilization rate is expected to remain high, driven by preemptive demand and inventory replenishment strategies [7].