Core Viewpoint - In 2024, Chengzhi Yonghua successfully acquired 1,183 liquid crystal material patents from Japan's DIC Corporation for approximately 240 million RMB, enhancing its patent portfolio to over 1,600 and solidifying its leading position in the liquid crystal industry [1][2][7] Group 1: Acquisition Impact - The acquisition of DIC's patents is expected to significantly enhance Chengzhi Yonghua's technological capabilities, particularly in negative liquid crystal materials, which are becoming mainstream due to their high transmittance and contrast advantages [7] - This strategic move is anticipated to generate an annual sales increase of approximately 50 million to 100 million RMB by capturing DIC's existing market share in negative liquid crystals [7] - The acquisition not only strengthens the company's industry influence but also improves recognition among overseas clients, facilitating market expansion [7][8] Group 2: Industry Context - The global new display industry generated revenues of 187.6 billion USD in 2023, with China accounting for nearly 50% of this market, establishing itself as a major producer and exporter of display terminal products [1] - The market for flat panel display materials is nearing 300 billion RMB, encompassing various components such as glass substrates and polarizers [1] - The acquisition aligns with China's strategic goals outlined in "Made in China 2025" and the "14th Five-Year Plan," aiming to establish a leading position in key technology areas by 2025 and a comprehensive ecosystem by 2035 [2] Group 3: Company History and Development - Chengzhi Yonghua has played a pivotal role in the development of China's liquid crystal materials industry since its inception in the 1980s, overcoming initial technological monopolies held by Germany and Japan [2][4] - The company has evolved into the largest and most comprehensive liquid crystal materials supplier in China, achieving significant breakthroughs in TFT-LCD materials and maintaining a leading global market share [5][10] - Recent advancements include the successful development of 160 series of TFT-LCD materials and the establishment of partnerships with major panel manufacturers, indicating a strong trajectory for future growth [10][11]