Core Viewpoint - Jiangsu Rijiu Optoelectronics Co., Ltd. engaged in a specific investor survey with 15 institutions, discussing product applications and capacity expansion [1][2]. Group 1: Product Applications - The company's products, such as dimmable conductive films and optical films, are compatible with AR glasses, but their application depends on downstream manufacturers' product designs [3]. - In the automotive sector, smart dimming glass is gaining traction due to its effectiveness against thermal radiation, with the penetration rate of panoramic roofs in new energy vehicles expected to reach 14.4% in 2024, an increase of 7.7 percentage points year-on-year [3]. - The adoption rate of smart dimming glass in panoramic roof models is projected to exceed 25% in 2024, with an average usage of 4 to 6 square meters per vehicle [3]. Group 2: Capacity Expansion Projects - The company plans to invest 200 million yuan in purchasing magnetron sputtering equipment, while its wholly-owned subsidiary, Zhejiang Rijiu New Materials Technology Co., Ltd., will invest approximately 82.2 million yuan to build a project with an annual production capacity of 6 million square meters of functional films [3]. - The investment will cover land acquisition, factory construction, equipment investment, and working capital to expand the production capacity of dimmable conductive films and optical films [3]. Group 3: Technology Pathways and Competition - The main technologies for dimmable conductive films include EC, SPD, LC, and PDLC, with the company being a leader in magnetron sputtering technology, primarily selling EC electrochromic films [3]. - The production process for AR optical films is divided into dry and wet methods, with the company focusing on dry methods, which are widely used across various fields [3]. - The AR film market is expected to grow as the trend towards non-polarized displays advances, enhancing applications in mobile devices [3]. Group 4: OCA Optical Adhesive Business - The OCA optical adhesive segment experienced revenue reduction due to market price competition and high R&D costs, with saturated capacity utilization but no profitability [3]. - The company is adjusting production to strengthen cash flow and risk control while developing foldable and curved OCA optical adhesives, with some progress in client sample certification [3].