Investment Rating - The report assigns a "Buy" rating for the company with a target price of 27.6 CNY, indicating a potential upside from the current price of 18.16 CNY [5]. Core Viewpoints - The company has shown a strong recovery in profitability, achieving a net profit of 45.67 million CNY in 2023, compared to a loss in previous years, and is expected to continue this upward trend with projected profits of 103.46 million CNY in 2024 [4][25]. - The Mini LED backlight module market is expected to grow significantly, with a forecasted market size of 125 billion CNY by 2026, driven by the technology's advantages over traditional LCD displays [2][4]. - The company has established a strong competitive position in the Mini LED backlight module industry, leveraging its technological capabilities, customer relationships, and cost advantages [2][4]. Summary by Sections Company Overview - The company, established in 2007, specializes in the development, production, and sales of LED backlight display modules and has transitioned to focus on OLED narrow bezel technology [13][16]. - The company has formed partnerships with major players in the display industry, including BOE and TCL, and has a strong presence in various application fields such as mobile communications and automotive displays [13][16]. Mini LED Backlight Business - The company is positioned in the midstream segment of the Mini LED backlight module industry, focusing on design and manufacturing [34]. - The global Mini LED market is rapidly expanding, with significant growth expected in applications across consumer electronics, automotive displays, and VR devices [2][40]. - The company has invested heavily in Mini LED technology since 2016, achieving several technological breakthroughs and establishing a solid customer base [2][34]. OLED Narrow Bezel Technology - OLED technology is becoming the mainstream choice for small-sized displays, with a projected global penetration rate of 55% in smartphones by 2024 [3]. - The company has early investments in LIPO technology, which enhances the performance and reliability of OLED displays, positioning it well for future growth in this segment [3][4]. Financial Performance - The company experienced a decline in revenue from 2021 to 2023 but has successfully turned around its profitability, with a significant increase in gross margin from 6.4% in 2022 to 13.06% in 2023 [4][28]. - The company’s revenue is projected to grow to 1.3 billion CNY in 2024, with continued growth expected in subsequent years [4][25]. Research and Development - The company maintains a strong focus on R&D, with expenses constituting around 5% to 7% of revenue from 2021 to 2023, and has filed numerous patents in the Mini LED and Micro LED fields [28][30]. - The company is actively working on several innovative projects aimed at enhancing its product offerings and maintaining its competitive edge in the market [33].

【 IT之家 】 4月8日消息，三星宣布该公司将在今年推出一款115英寸的RGB Micro LED电视，这款电视隶属Neo QLED TV电视产品线，定位为超 高端版本。 作为比较，目前三星NeoQ LED TV产品线通常采用Mini LED背光技术。 图片来源：拍信网 据介绍，这款RGB Micro LED电视使用红、绿、蓝三色LED作为背光源，在通过色彩滤光片后也能保持较高的颜色纯度，相对于现有三星Mini LED背光电视颜色纯度更好。此外，正如"Micro LED"名称所暗示的，该电视采用尺寸更小的LED芯片，使局部调光区域数量更多，从而带来更高 的对比度。 Size Covered>18.5" and above Product covered>LCD TV panels Report format>Excel Update frequency>Monthly 三星同时声称这款RGB Micro LED电视支持全色域局部调光，并在功耗方面较之前的型号降低了20%。除了推出115英寸版本外，三星还将推出 75、85和98英寸三个尺寸版本。 在产品发布时间方面，韩媒TheElec透露，三星计划于6月正式 ...