Xin Lang Cai Jing·2025-08-28 11:32Core Viewpoint - Shenzhen Nanjiguang Electronic Technology Co., Ltd. held an investor relations event that attracted participation from 70 institutions, including Guosen Securities, showcasing strong interest in the company's performance and future prospects [1] Group 1: Business Highlights - Nanjiguang is the exclusive supplier of backlight display modules for the Nintendo Switch 2, which has sold over 5.82 million units globally in its first 25 days, significantly outperforming the original Switch and Sony PS5 [1] - The notebook market is shifting towards lightweight and high screen-to-body ratio designs, with an expected shipment of approximately 183 million units in 2025, a year-on-year increase of 4.9% [1] - The company’s backlight technology used in Switch 2 is applicable to high-end lightweight notebooks, contributing to steady revenue growth in this segment [1] Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 397.51 million yuan, a year-on-year increase of 244.67%, and a net profit of 72.89 million yuan, marking a turnaround with a growth of 982.43% [1] - The comprehensive gross margin for 2024 was 16.24%, with quarterly gross margins for Q1 and Q2 of 2025 at 26.97% and 29.60%, respectively, significantly higher than industry peers [1] - Foreign revenue increased by 1669.71% year-on-year, accounting for approximately 69.31% of total revenue, with overall gross margin rising to 28.37% [1] Group 3: Strategic Initiatives - The company is pursuing a dual-track strategy to enhance product offerings, focusing on gaming and esports while also exploring AI, quantum technology, and optical modules [1] - Nanjiguang is monitoring the electronic paper market and has initiated research and market analysis, entering small-scale trial production [1] - The subsidiary Wanzai Nanjiguang has expanded its business scope to include the manufacturing and sales of optoelectronic devices and optical communication equipment [1]