鼎龙股份：半导体显示材料新产品验证进展符合预期，产能持续释放

Core Viewpoint - Dinglong Co., Ltd. holds a leading position in the domestic OLED new display materials sector, with strong customer repurchase attributes and successful scale sales of TFE-INK products [1] Group 1: Market Position and Product Development - The company has a solid market position for YPI and PSPI products, with a strong customer repurchase rate [1] - The Xiantao industrial park has commenced production with an annual output of 1,000 tons of PSPI, which is now in bulk supply [1] - The second phase project for YPI, with an annual output of 800 tons, is set to supplement new capacity to meet existing and potential order demands [1] Group 2: New Product Validation and Development - New products such as PFAS Free PSPI, Black Pixel Definition Layer Material (BPDL), and Low Dielectric Constant Ink (Low Dk INK) are progressing in validation as expected [1] - Development of PI-oriented liquid and client-side introduction is fully underway [1]