Jilin OLED(SH:688378)2024-04-18 09:50Financial Performance - The company achieved a total revenue of 517 million yuan, representing a year-on-year growth of 12.73%[25]. - Revenue from organic light-emitting materials reached 318 million yuan, with a significant year-on-year increase of 49.42%[25]. - Revenue from evaporation source equipment was 199 million yuan, showing a decline of 19.01% compared to the previous year[25]. - The overall gross profit margin for the company was 56.46%[25]. - The net profit attributable to shareholders was 122 million yuan, reflecting a year-on-year growth of 8.16%[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 75.51 million yuan, down 5.31% year-on-year[25]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 25% year-over-year growth[46]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.44 billion RMB[46]. - The net cash flow from operating activities was CNY 24,589,083.82, up 20.62% from the previous year[58]. - The company's total assets as of the end of 2023 amounted to CNY 2,213,120,458.24, reflecting a 3.01% increase from the previous year[58]. - The net assets attributable to shareholders increased to CNY 1,777,256,211.11, a growth of 6.44% year-on-year[58]. - Basic earnings per share for 2023 were CNY 0.84, a 6.33% increase compared to CNY 0.79 in 2022[58]. Research and Development - The company has added 93 new invention patents, bringing the total to 325, reflecting its strong R&D foundation and capabilities[100]. - The company is focused on continuous R&D investment to enhance product quality and diversify its product range[87]. - The company's R&D expenditure accounted for 23.63% of operating revenue, an increase of 2.48 percentage points from the previous year[58]. - Total R&D investment reached ¥122,228,774.92, an increase of 25.94% compared to the previous year, with R&D expenses accounting for 23.63% of operating income[141]. - The company has established a comprehensive R&D system, including platforms for material design, theoretical simulation, device characterization, and patent analysis[160]. - The company has implemented various R&D models, including independent, collaborative, and outsourced development[157]. - The company is actively increasing R&D investments to enhance its technological capabilities and product offerings, ensuring sustainable development[122]. - The company has established a stable R&D team and a comprehensive R&D mechanism since its founding in 2005, focusing on the development of OLED organic light-emitting materials[126]. Market Position and Strategy - The company is committed to becoming a globally recognized R&D and manufacturing enterprise in the OLED materials and equipment sector[87]. - The company is expanding its market presence, targeting a 10% increase in market share in the Asia-Pacific region[46]. - The company is actively pursuing international cooperation in technology and talent acquisition to stay updated with industry advancements[98]. - The company has achieved a 43.7% share of global OLED panel production capacity in China, rapidly approaching the leading position in the global market[108]. - The company is focused on developing new materials and technologies, including PFAS-Free PSPI and low dielectric encapsulation products, in collaboration with panel manufacturers[99]. Product Development and Innovation - The company has developed PSPI materials for OLED displays, achieving domestic production capabilities and breaking foreign monopolies[16]. - The company is advancing the development of a perovskite evaporation machine for photovoltaic production lines, with overall design completed and prototype production underway[21]. - New product development includes the launch of a next-generation OLED material, expected to enhance display efficiency by 30%[46]. - The company is working on a new generation G8.5 AMOLED linear evaporation source, aiming for domestic mass production to meet industry demands[14]. - The company has developed a new type of high-efficiency phosphorescent OLED material, achieving domestic leading performance levels[17]. - The company has developed a series of high mobility electron transport materials that significantly reduce device driving voltage and enhance luminous efficiency, achieving performance levels that meet or exceed foreign counterparts[127]. Customer and Market Risks - The company is facing risks related to the concentration of customers in its evaporator source business, which could impact future revenue stability[2]. - The company is exposed to risks from reliance on imported core materials for its evaporator source products, which could affect production quality[3]. - The OLED industry is experiencing increased competition and market volatility, which may negatively impact the company's operational performance[7]. Environmental and Social Responsibility - The company has invested RMB 3.4958 million in environmental protection during the reporting period[176]. - The company has reduced carbon emissions by 3.3 tons through clean production measures[181]. - The company emphasizes environmental protection and has developed internal management systems in compliance with environmental laws[200]. Investor Relations - The company held four earnings conference calls in 2023, specifically on May 13, May 17, September 1, and November 10[189]. - The company has established a dedicated investor relations section on its official website to enhance communication with investors[189].