LONGLI(SZ:300752) Ju Chao Zi Xun·2025-05-17 03:12Core Viewpoint - Longli Technology is optimistic about the market potential of Mini-LED technology in automotive displays, driven by its superior display effects and energy-saving characteristics, indicating a significant growth opportunity in the sector [4]. Company Summary - Longli Technology has established itself as a leading player in Mini-LED automotive backlight display technology, leveraging its technological advantages and comprehensive solutions to expand its automotive business [4]. - The company has formed strong partnerships with notable Tier 1 clients such as Continental, Faurecia, and Visteon, as well as end customers like BYD, NIO, and Geely, positioning itself for rapid growth in the automotive display market [4]. Industry Summary - The global automotive display panel shipment is projected to reach 232 million units in 2024, reflecting a year-on-year growth of 6.2%, indicating a stable upward trend in the automotive display market [4]. - The trend towards intelligent, large, multi-screen, high-definition, and interactive automotive displays is becoming increasingly prominent as the penetration rate of smart cockpits accelerates [4]. Financial Performance - In 2024, Longli Technology achieved a revenue of 1.32 billion yuan, representing a year-on-year increase of 28.64%, with a net profit attributable to shareholders of 106 million yuan, up 132.90% [5]. - For the first quarter of 2025, the company reported a revenue of 340.73 million yuan, a year-on-year growth of 15.18%, and a net profit of 30.61 million yuan, reflecting a 51.88% increase [5]. - The overall profitability of the company continues to improve, demonstrating steady growth in performance [5].