Core Viewpoint - Nintendo Switch 2 has been officially launched globally, receiving positive market feedback during the pre-sale phase, which has drawn attention to the related supply chain [2] Group 1: Company Overview - Nanji Guang, the manufacturer of the backlight module for Switch 2, has achieved stable mass delivery of its products, which is expected to positively impact the company's development [2] - The company has maintained a research and development expense ratio of over 5% of its revenue in recent years, with a total of 320 patents, including 28 invention patents, by the end of 2024 [7] Group 2: Technical Challenges and Innovations - The development of the ultra-thin light guide plate required by Nintendo posed significant technical challenges, with initial yield rates as low as 5% [4][5] - After nearly five years of intense technical development, Nanji Guang achieved a breakthrough with a product yield rate below 0.4%, setting a record for Nintendo [6] Group 3: Market Position and Future Prospects - The company reported a revenue of 186 million yuan, a year-on-year increase of 265.54%, with net profit and gross margin reaching new highs [8] - Market research predicts that Switch 2 sales could reach 14.7 million units in 2025, supported by a strong user base of 105 million active Switch consoles [8] - Nanji Guang is expanding its product matrix to cover various fields, including tablets, laptops, gaming, automotive displays, and healthcare displays, and has entered the supply chains of major companies like Lenovo and Huawei [8][9]
南极光潘连兴：撬开游戏主机巨头供应链