Core Viewpoint - The company, Sdiq, has reported a significant increase in sales revenue for 2024, driven by substantial growth in its optical display, new energy, and PET film segments, with a projected revenue growth target for the next three years [1][2][3]. Group 1: Sales Revenue Growth - In 2024, Sdiq's sales revenue is expected to grow by 37%, with the optical display, new energy, and PET film segments showing substantial increases [1][2]. - The projected sales revenue for 2025, 2026, and 2027 is set to increase by 40%, 75%, and 120% respectively, translating to revenue targets of 3.767 billion, 4.709 billion, and 5.920 billion yuan [3][4]. Group 2: Drivers of Revenue Growth - The anticipated revenue growth is attributed to the completion of large-scale expansion projects, ongoing development of new products and customers, and the trend of domestic substitution for "bottleneck" materials [1][4][5]. - Sdiq has significantly increased its long-term asset investments, growing from 1 billion yuan to 5.1 billion yuan over five years, which supports its revenue growth trajectory [4]. Group 3: Segment Performance - The optical display segment is highlighted as the most promising area, with high R&D investment and value-added products, particularly in the foldable screen and VR glasses markets [5]. - In 2024, the optical display segment achieved a revenue increase of 114%, while the PET film segment saw a remarkable growth of 158% [2]. Group 4: Profitability Challenges - Despite the revenue increase, Sdiq experienced a situation of revenue growth without profit growth in 2024 due to rising depreciation, labor, R&D, and financial costs [1][6]. - Key expense categories saw significant increases, including depreciation rising by 49% and R&D expenses increasing by 41%, primarily due to the transition of major projects from construction to operational phases [6][7].
斯迪克接待9家机构调研，包括长信基金、海富通基金、华泰柏瑞基金等