Investment Rating - The report assigns an "Accumulate" rating for the company [5]. Core Insights - The company specializes in backlight display modules and has become the exclusive supplier for the Switch 2, showcasing significant operational flexibility [3][4]. - The launch of Switch 2 exceeded market expectations, with first-month global sales reaching 5.82 million units, significantly surpassing the previous Switch model and setting a record for Sony's PS5 [4][57]. - The company is expected to benefit greatly from the ongoing demand for Switch 2, with projected net profits for 2025-2027 estimated at 245 million, 394 million, and 462 million yuan respectively [5][68]. Summary by Sections 1. Breakthrough in Core Technology and Business Transformation - The company has focused on the backlight display module sector, expanding from mobile phone backlights to industrial control, automotive, tablets, and laptops [3][14]. - The management's strategic foresight led to the development of a 0.3mm ultra-thin light guide plate, meeting Nintendo's standards and achieving a yield rate of 99.6% [3][26]. - The company has transitioned from a loss to profitability, marking a significant strategic shift [3][33]. 2. Switch 2 Unlocks Revenue Potential - The management's strategic vision and proactive technology development have positioned the company well within the supply chain of major clients [41][45]. - The Switch 2 has broken sales records, with Nintendo holding a 49% market share in the gaming console market as of 2024 [50][57]. - The company maintains a stable market share in the short term due to its unique position as the sole supplier for Switch 2, which is expected to generate over 700 million yuan in revenue [27][66]. 3. Profitability and Investment Forecast - The company is projected to see significant earnings elasticity in 2025, driven by the sustained demand for Switch 2 and stable pricing [5][68]. - The expected net profits for 2025-2027 are 245 million, 394 million, and 462 million yuan, with corresponding earnings per share of 1.1, 1.8, and 2.1 yuan [5][68].

金融界2025年8月1日消息，国家知识产权局信息显示，江门创维显示科技有限公司取得一项名 为"OLED散热结构及显示设备"的专利，授权公告号CN223182524U，申请日期为2024年08月。 本文源自：金融界 作者：情报员 专利摘要显示，本实用新型涉及液晶显示技术领域，尤其涉及一种OLED散热结构及显示设备，OLED 散热结构包括背板、散热板、双面泡棉及液晶面板，散热板的板面紧贴背板稳固安装，散热板的板面设 置有避让槽，双面泡棉设于避让槽内并粘接背板及液晶面板。散热板无间隙直接接触背板，消除了散热 板与背板之间的间隙；双面泡棉位于避让槽内分别粘接液晶面板和背板，减小液晶面板与散热板之间的 间隙，从而提高散热效率，散热效果更好。 天眼查资料显示，江门创维显示科技有限公司，成立于2019年，位于江门市，是一家以从事计算机、通 信和其他电子设备制造业为主的企业。企业注册资本2500万人民币。通过天眼查大数据分析，江门创维 显示科技有限公司参与招投标项目21次，专利信息48条，此外企业还拥有行政许可63个。 ...