隆利科技：中信证券、煜德投资等多家机构于5月16日调研我司

Core Viewpoint - 隆利科技 is experiencing significant growth in revenue and profit, driven by advancements in display technologies and strong market demand in the automotive and OLED sectors [2][3][4]. Financial Performance - In 2024, the company achieved operating revenue of 1.32 billion yuan, a year-on-year increase of 28.64%, and a net profit attributable to shareholders of 106 million yuan, up 132.90% [2]. - For Q1 2025, the company reported operating revenue of 340.73 million yuan, a 15.18% increase year-on-year, with a net profit of 30.61 million yuan, reflecting a 51.88% growth [2][6]. Market Outlook - The automotive display market is projected to grow steadily, with global shipments of automotive display panels expected to reach 232 million units in 2024, a 6.2% increase [3]. - The Mini-LED technology is anticipated to have a significant market presence due to its superior display quality and energy efficiency, positioning 隆利科技 favorably in the automotive display sector [3]. Technology Development - The LIPO technology, related to OLED displays, is expected to see over 1 billion units shipped by 2025, with increasing adoption by major companies like Apple [4]. - 隆利科技 has been developing LIPO technology since 2022 and is now entering mass production, which is expected to positively impact its financial performance [5]. Business Operations - 隆利科技 specializes in the research, development, production, and sales of backlight display modules [6]. - The company's Q1 2025 report indicates a main revenue of 341 million yuan, a 15.18% increase year-on-year, with a gross margin of 17.8% [6]. Analyst Ratings - In the last 90 days, three institutions have rated 隆利科技, with two buy ratings and one hold rating, and the average target price set at 27.6 yuan [7].