Exciton(SZ:300566) Quan Jing Wang·2025-11-04 02:08Core Viewpoint - The company, Jizhi Technology, is focusing on high-value optical films such as composite films, quantum dot films, and Mini-LED optical films to serve various end customers including TV displays and automotive applications [1][2]. Group 1: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 1,627.80 million yuan, with a net profit attributable to the parent company of 167.13 million yuan, remaining stable compared to the same period last year [1]. - The net profit excluding non-recurring gains and losses was 145.01 million yuan, reflecting a growth of 3.30% year-on-year [1]. - In Q3 2025, the company reported a revenue of 553.94 million yuan, a year-on-year increase of 6.49%, and a net profit of 50.60 million yuan, up 12.99% from the previous year [1]. Group 2: Business Segments - The company operates in four main segments: optical, photovoltaic, automotive, and battery [2]. - The optical segment has seen steady sales growth, with an increasing market share in high-end optical materials [2]. - The photovoltaic segment has faced challenges due to changes in battery types and international trade, but the company is actively developing new products to meet market demands [2][3]. Group 3: Product Development and Market Strategy - The company is optimizing its product structure and developing competitive new products, including polarizing film surface coating films and VR high color gamut quantum dot films [2]. - The growth of high-end optical films is expected to continue, driven by the increasing size of terminal products and the rising market share of domestic terminal enterprises globally [2]. - The company is committed to becoming a leading functional film company by enhancing R&D capabilities and focusing on precision coating technology across various fields [3].