莱特光电专注核心业务净利增36.7% 累计申请专利1030件夯实技术壁垒

Core Viewpoint - The demand for OLED materials is increasing, leading to steady growth in the performance of Lite-On Optoelectronics (688150.SH) [1][2] Financial Performance - In the first half of 2025, the company achieved operating revenue of 292 million yuan, an increase of 18.84% year-on-year; net profit attributable to shareholders was 126 million yuan, up 36.74% year-on-year; and net profit excluding non-recurring items was 120 million yuan, a growth of 45.29% year-on-year [1][2][3] - For the full year of 2024, the company reported operating revenue of 472 million yuan, a year-on-year increase of 56.90%; net profit attributable to shareholders was 167 million yuan, up 117.17%; and net profit excluding non-recurring items was 148 million yuan, a growth of 162.84% [2] Product Segmentation - In the first half of 2025, revenue from OLED organic materials was 276 million yuan, a year-on-year increase of 31.63%, accounting for 94.48% of total revenue [3] - Revenue from panel cleaning solutions was 14.45 million yuan, accounting for 4.95% of total revenue [3] Shareholder Returns - The company plans to distribute a cash dividend of 1.80 yuan per 10 shares (including tax), totaling 72 million yuan, which represents 56.93% of the net profit attributable to shareholders for the first half of 2025 [3] Stock Buyback - On April 1, 2025, the company announced a stock buyback plan of 50 million to 100 million yuan for employee stock ownership plans, with 30.30 million yuan utilized for buybacks by mid-2025 [4] R&D Investment - From 2022 to the first half of 2025, R&D expenses were 35.78 million yuan, 50.42 million yuan, 64.69 million yuan, and 32.07 million yuan, with R&D expense ratios exceeding 10% [5] - The number of R&D personnel increased from 102 in 2024 to 124 in the first half of 2025, representing 29.18% of the total workforce [5] Patent Portfolio - As of June 2025, the company had applied for a total of 1,030 patents, with 384 patents granted, including 295 domestic and 87 foreign patents [5][6] Industry Position - The company has established a complete industrial layout in the OLED organic materials field, covering material design, preparation, and device testing, and has formed an integrated production capability [6] - The company's products are widely used in panels for well-known brands such as Huawei, Honor, OPPO, and VIVO [6]