瀚宇彩晶披露2024年营收

Core Viewpoint - The company, Cai Jing, reported a significant net loss of 5.325 billion New Taiwan Dollars (approximately 1.177 billion RMB) for the year 2024, primarily due to low yield rates during the initial mass production of its new environmentally friendly display paper and increased development costs [1][2]. Financial Performance - In Q4 of the previous year, Cai Jing's consolidated revenue was 2.864 billion New Taiwan Dollars (approximately 633 million RMB), representing a quarter-on-quarter increase of 19.98%. However, the company incurred an operating loss of 1.444 billion New Taiwan Dollars (approximately 319 million RMB) and a net loss of 1.538 billion New Taiwan Dollars (approximately 340 million RMB) [2]. - For the full year of 2024, Cai Jing's consolidated revenue is projected to be 9.964 billion New Taiwan Dollars (approximately 2.203 billion RMB), a year-on-year decrease of 19.34%. The gross loss margin is expected to be 36.11%, with an operating loss of 5.558 billion New Taiwan Dollars (approximately 1.229 billion RMB) and a net loss of 5.325 billion New Taiwan Dollars (approximately 1.177 billion RMB) [2]. Product Development and Market Strategy - Cai Jing has developed a new environmentally friendly display paper that maintains visibility in outdoor conditions and extreme temperatures, enhancing device battery life. The company has diversified its applications to include desktop displays, laptops, electronic tags, and industrial control screens [3]. - The company faced challenges with low yield rates during the initial production phase, leading to increased costs. However, improvements in production yield are expected, with a focus on mature product lines to achieve positive gross margins [3]. - The LCD panel market is currently stable, and Cai Jing is shifting its product line away from consumer products to specialized fields such as automotive and industrial control, reducing the proportion of consumer products to below 45% [3]. - The automotive display segment has seen growth, with revenue contribution increasing to 25%. Future growth is anticipated between the second half of 2025 and 2026 [3]. - The company is also targeting the market for larger central control screens, which are increasingly being replaced by LTPS panels, despite facing intense competition [4].