Core Viewpoint - Yitian Co., Ltd. (300812) is actively engaged in the MicroLED sector, highlighting its proprietary AM-10HB chip mounter as a key packaging device for MicroLED micro-displays and its collaboration with Shanghai Xianyao [1] Group 1: Company Developments - The company’s subsidiary, Micro Group Semiconductor, has developed the AM-10HB chip mounter, which is essential for MicroLED micro-display production [1] - Yitian has established a partnership with Shanghai Xianyao to enhance its capabilities in the MicroLED field [1] Group 2: Product Offerings - In the VR/AR/MR display device sector, the company provides a range of equipment necessary for the production processes, including MicroOLED (silicon-based OLED) wafer display polarizer attachment equipment, PF film attachment equipment, OCA bonding equipment, HTH full bonding equipment, optical assembly equipment, and fully automated testing equipment [1] - The company’s equipment covers essential processes in module assembly and post-assembly stages for VR/AR/MR technologies [1] Group 3: Client Engagement - Yitian has secured orders from notable clients such as BOE Technology Group, Visionox Technology, Goertek Inc. (002241), Wuhu Microdisplay, and Dream Display Technology [1]

Group 1 - The company, LianDe Equipment (300545), participated in a specific investor survey on August 29, attended by 11 institutions including Penghua Fund and Nuoan Fund, with the company's board secretary Liu Yuqing receiving the visitors [1] - The investor relations activity focused on introducing the company's overview, development history, main business, recent operating performance, core advantages, and future development plans [1] Group 2 - The company has a diverse business portfolio, including new semiconductor display intelligent equipment, automotive intelligent cockpit system equipment, semiconductor packaging and testing equipment, and renewable energy equipment [2] - In the semiconductor equipment sector, the company specializes in packaging and testing equipment for the back-end process, having completed multiple equipment R&D projects and formed sales orders, with capabilities in various die bonding processes and related equipment [2] - The flexible AMOLED bonding equipment has been widely applied in the mass production of foldable screens for well-known domestic and international terminal customers, with shipments made for the three-fold screen supply chain [2] - In the solid-state battery and renewable energy business, the company has increased R&D investment in lithium battery pack blue film and ultrasonic welding for solid-state/semi-solid batteries, achieving product breakthroughs and sales orders [2] - The company is actively developing equipment for the VR/AR/MR display field, gaining favor from clients and establishing partnerships with leading international terminal customers [2] - The company is continuously monitoring industry dynamics and will make prudent decisions regarding mergers and acquisitions based on its strategic planning and market demand [2]

Group 1: Company Overview and Financial Performance - In 2024, the company achieved total revenue of approximately 390 million CNY, with a net profit attributable to shareholders of -109 million CNY, primarily due to delays in customer production lines and extended acceptance cycles [3] - For Q1 2025, the company reported total revenue of 140 million CNY, a year-on-year increase of 89.23%, and a net profit of 20.09 million CNY, up 250.81% compared to the previous year [3] - The increase in Q1 2025 revenue and profit was attributed to a rise in acceptable order amounts and improved gross margins, alongside better collection of accounts receivable [3] Group 2: Research and Development Achievements - The company has increased R&D investment to strengthen its position in the flat panel display equipment industry and expand into new display and semiconductor equipment fields [4] - In the LCD display equipment sector, the company has enhanced its technology capabilities for large-size module assembly, launching cleaning and bonding lines for 88-inch, 100-inch, and 130-inch displays [4] Group 3: Market Position and Client Relationships - The company has developed a range of equipment for VR/AR/MR display technologies, including Micro OLED and various assembly and testing devices, securing orders from clients such as Visionox Technology and GoerTek [5] - In the flexible OLED display equipment sector, the company has established strong partnerships with major manufacturers like BOE and Visionox, and has won a bid for BOE's 8.6 generation AMOLED production line project [6] Group 4: Subsidiary Performance and Future Plans - The subsidiary, Micro Group Semiconductor, reported over 21% revenue growth in 2024, with new products filling market gaps in Mini LED repair equipment and advancements in medical device assembly lines [7] - The company is exploring mergers and acquisitions to enhance its business and resource integration, aiming for sustainable high-quality development [8][9]