Core Viewpoint - The China Securities Regulatory Commission (CSRC) has disclosed the completion report of the initial public offering (IPO) guidance for Huike Co., Ltd., indicating that the company is prepared for listing and has established necessary governance and compliance structures [1] Company Overview - Huike Co., Ltd. was established in 2001 and focuses on the semiconductor display sector, primarily engaged in the research and manufacturing of semiconductor display panels and smart display terminals [1] IPO Guidance and Compliance - Huike has undergone guidance from China International Capital Corporation (CICC), which confirmed that the company possesses the required governance structure, accounting practices, and internal control systems for a public company [1] - The company and its key stakeholders have a comprehensive understanding of the legal responsibilities and obligations related to issuing and operating in the securities market [1] Previous IPO Attempt - Huike previously applied for an IPO on the ChiNext board in 2022 but withdrew the application in August 2023, which aimed to raise 9.5 billion yuan [1] - The company has restarted its IPO guidance in 2024 after a year of withdrawal [1] Technological Advancements - In the semiconductor display panel business, Huike is advancing its technology in a-Si TFT-LCD while also developing Oxide TFT and current-type backplane technologies [2] - The company has achieved the development and production of G8.6 generation Oxide RGB OLED backplane technology and has completed mass production technology development for Oxide LCD [2] - Huike is actively expanding into high-generation OLED display technologies and innovating in Mini LED technology [2] Product Applications - Huike has successfully mass-produced display panels for various applications, including televisions, monitors, laptops, tablets, smartphones, automotive displays, and industrial control [2] - The company is also exploring new application fields such as electronic paper, medical displays, and outdoor screens [2]

【集邦Display】 6月3日，凯伦股份 发布消息称 ，公司旗下苏州佳智彩光电科技有限公司（以下 简称"佳智彩"）自主研发制造的国内首条应用于8.6代线OLED De-mura设备，正式出货至国内某 头部面板厂商。 #OLED #显示设备 值得关注的是，根据必联网今年4月25日发布的公告，佳智彩已中标京东方第8.6代AMOLED生产 线项目的Mura补偿修复设备。 资料显示，佳智彩成立于2017年11月，主要从事显示面板、半导体行业检测设备业务；而凯伦股 份的主营业务是新型建筑防水材料的研发、生产、销售，并提供防水工程施工服务。 2025年4月2日晚，凯伦股份以"相关行业具有较大成长空间以及为公司寻找新的增长极"为理由， 宣布拟以48,318.52万元的价格收购佳智彩51%股权，并于4月28日完成股权交割工商变更登记。 此外，该笔收购案 设 有 业绩承诺，业绩承诺方承诺2025年、2026年、2027 年佳智彩 应实现 的合并报表中归属于 凯伦股份 的净利润分别不低于5,500万元、7,500万元、11,000万元，即累 积实现的净利润为24,000万元。 财务数据显示，佳智彩 2022年、2023年和20 ...

Group 1: AR/VR and Display Technology - The company has made significant advancements in AR/VR display products, with its Mini-LED+VR technology gaining high recognition from clients like Meta and Pico, leading to mass production in 2022 [2] - The company is also developing AR glasses optical systems using Micro-LED and waveguide technology, anticipating rapid growth in the smart wearable market as industry giants accelerate their strategies [2] Group 2: LIPO Technology and OLED Innovations - LIPO technology, an innovation in OLED screen processes, is expected to see a rapid increase in penetration, driven by demand from major clients like Apple, with the company starting its development in 2022 [2] - The company is actively upgrading LIPO technology and exploring applications in OLED folding screen hinges, which is projected to positively impact company performance as it enters mass production [2] Group 3: Automotive Partnerships - The company has successfully supplied its display products for key automotive clients, including a 14.6-inch central control screen for Geely's Xingyuan and a 15.6-inch screen for XPeng's MONA M03 [3] - Future plans include deepening and broadening collaborations with these automotive clients to enhance product offerings [3]

探路者 20250603 自 2021 年 2 月公司控制权变更以来，探路者在 9 月切入芯片赛道，并逐步夯 实双主业战略。根据 2024 年的年报，芯片收入占比约 15%，利润占比达 30%。自新管理层接手以来，公司业绩逐年向上：从 2020 年的亏损 2.74 亿 元，到 21 年的盈利约 5,500 万元，再到 22 年的六七千万元、23 年的 7,200 万元，以及 24 年的 1.06 亿元。这表明我们的双主业战略正在稳步推进并取得 显著成效。 探路者在产品结构调整及市场定位上的具体措施有哪些？ 在产品结构调整方面，我们聚焦户外专业线，推出黑麦系列和极地系列，以满 足高端市场需求。同时，通过加强价格体系管理、提升产品折扣等措施，提高 整体毛利率。在市场定位上，我们重新梳理品牌定位，坚持走高端路线，并通 过严格选址与投入确保线下门店扩展的成功率。此外，在儿童装领域加大培育 力度，看好其未来增长潜力。 摘要 探路者自 2021 年控制权变更后，确立"户外用品+芯片"双主业战略， 2024 年芯片业务收入占比约 15%，利润占比达 30%，公司整体业绩逐 年提升，2024 年净利润达 1.06 亿元。 公 ...

京东方科技集团股份有限公司 投资者关系活动记录表 编号：2025-013 | 投资者关系活动类别 | √特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | √现场参观 | | | □其他 | | 参与单位名称 | 嘉实基金：姚志鹏、归凯、刘杰、栾峰、刘晔、吴振坤、安昊 | | 时间 | 2025 年 6 月 3 日 | | 地点 | 京东方技术创新中心 | | 上市公司接待人员姓名 | 郭 红 副总裁、董事会秘书 | | | 罗文捷 证券事务代表 | | | 李 柰 董事会秘书室工作人员 投资者参观了京东方技术创新中心展厅，参观后与公司进 | | | 行了交流。讨论的主要内容为回答投资者提问，问答情况如下： | | | 1、公司如何看待 LCD 行业供需情况？ | | | 答：行业面板厂商坚持"按需生产"的经营策略，根据市 | | 投资者关系活动主要内 | 场需求，弹性调节产线稼动率。在此基础上，需求端库存实现 | | 容介绍 | 加速去化，产业库存趋近健康标准，行业需求回归正常节奏。 | | | 同时，随着低端落后产 ...

Core Viewpoint - Longgang has established itself as a global leader in the naked-eye 3D LED display industry, supported by a robust industrial cluster, strong government policies, and effective commercialization capabilities [1][6]. Group 1: Industry Overview - Longgang is home to the largest LED industry cluster in China, featuring companies like Yingtian Technology, Absen, and Bandu Technology, which together create a complete industrial chain from packaging to solutions [1]. - The naked-eye 3D display technology developed by Longgang companies is being utilized by major firms such as Tencent, BOE, Lenovo, and Huawei in various applications [2][3]. Group 2: Technological Advancements - Yingtian Technology has achieved significant advancements in naked-eye 3D display technology, with its key product, a controllable 2D/3D switchable liquid crystal lens screen, entering production in 2023 [2]. - Bandu Technology's innovations include ultra-high-definition air suspension displays and immersive 3D screens, which are applicable in diverse fields such as digital experience, cultural heritage, and urban governance [4][5]. Group 3: Market Performance - Absen has sold over 2 million outdoor display screens globally, with its products recognized for their energy efficiency, saving up to 144,000 RMB in electricity costs over five years for a 300 square meter screen [3]. - The company has maintained the top position in exports among Chinese LED display manufacturers for 12 consecutive years, establishing a comprehensive global sales and service network [3]. Group 4: Government Support - The rapid development of the naked-eye 3D LED display industry in Longgang is significantly supported by local government initiatives, including funding for research and development and various subsidies for high-tech enterprises [6]. - Longgang's supportive business environment includes streamlined services and efficient complaint handling, enhancing the operational efficiency for technology companies [6].

Core Viewpoint - Barco is committed to deepening its investment in the Chinese market, establishing a significant production and R&D center in Wuxi, which is expected to enhance its international competitiveness and meet both local and global demands [3][4][5]. Group 1: Investment and Development - Barco's Wuxi production and R&D center is its largest overseas investment project, covering an area of 15,000 square meters with a total investment of $48 million, set to officially commence operations in May 2024 [2][3]. - The center aims to produce over 20,000 professional projectors annually and is equipped with advanced automated warehousing and logistics systems [2][3]. Group 2: Market Strategy - The establishment of the Wuxi center marks a milestone in Barco's localization strategy in China, leveraging the region's favorable business environment and industrial cluster advantages [3][4]. - Barco has established nine organizations and three fully localized production and R&D bases in China, with two of them serving global markets, highlighting the importance of the Chinese market in Barco's global strategy [4][5]. Group 3: Innovation and Product Development - Barco's R&D team in China focuses on new technology trends and product applications, contributing to multiple innovation projects that align with the company's global strategy [7][8]. - The I600 series projector, developed by Barco's Chinese team, features a lightweight design and high brightness, showcasing the company's competitive edge in the projector market [7]. Group 4: Future Outlook - Barco's commitment to the Chinese market is driven by the country's economic growth, stable business environment, and a large pool of professional talent, reinforcing the company's belief in the correctness of its investment decisions [5][8]. - The company aims to continue its investment in China, fostering innovation and collaboration to enhance its market presence and contribute to global technological advancements [8].

智通财经6月3日电，利亚德(300296.SZ)在接受机构调研时表示，公司做集成项目有多年经验也有丰富 的资质，只是目前集成项目占公司营收比重还很低，从今年开始公司将在专注LED显示产品的同时，逐 步向成为显示产品应用场景的软件、内容、运营及服务的整体生态服务商转型。 利亚德：目前集成项目占公司营收比重还很低 ...

Business Overview - The company has three main business segments, with the LED smart display segment accounting for over 85% of revenue [2] - The cultural tourism night tour segment previously contributed nearly 30% to revenue but has decreased to less than 10% since 2018 due to policy adjustments [2] - The virtual reality segment, established after acquiring NP in 2017, has maintained a leading position in optical motion capture technology [2] Revenue Distribution - As of 2024, overseas display business accounts for 45.64% of the LED smart display segment, aligning with the company's goal of balanced domestic and international development [2] - The Asia, Africa, and Latin America markets have seen a revenue increase of nearly 40%, with their contribution to overseas smart display revenue rising to 34% in 2024 [3] Sales Strategy - The company employs a dual sales model: direct sales with a team of approximately 300-400 people and channel sales through partners [2] - A "direct-channel integration" strategy has been adopted to enhance market penetration and customer engagement [2] AI and Spatial Computing Segment - The AI and spatial computing segment focuses on optical motion capture technology, with applications in various fields including film, gaming, and industrial inspection [4][5] - The company has developed multiple advanced technologies, including Lydia motion model and LydCap markerless motion capture [6] Future Plans - The company aims to enhance its product offerings, including Hi-Micro and quantum dot technologies, and expand its rental and outdoor screen product lines [12] - Plans for increased system integration and a shift towards becoming a comprehensive service provider for display product applications are underway [12] - The company is also venturing into the consumer market with AI+AR glasses and AI toys, with mass production planning in progress [12]

Core Viewpoint - The display industry is experiencing a surge in financing activities, with companies like Huaying Technology and Hefei Xinyi Huazhi securing significant funding to support their operations and technological advancements [1][3][6]. Group 1: Financing Activities - Huaying Technology's subsidiary, Huajiacai, has secured 350 million RMB through a financing lease agreement with Xinxin Leasing, aimed at enhancing its capital needs for display panel production [1][2]. - Hefei Xinyi Huazhi has completed a B+ round investment exceeding 300 million RMB, focusing on high-end equipment in the semiconductor and display panel sectors [3]. - Other companies in the display industry, such as Wenxin Technology and Fulatte, have also reported successful financing rounds, indicating a broader trend of capital influx into the sector [4][5]. Group 2: Industry Trends - The financing activities are concentrated on upstream materials and equipment segments, which are characterized by higher technological barriers and added value compared to the midstream panel manufacturing sector [6]. - The trend suggests a strategic shift towards supporting domestic production capabilities and technological upgrades within the display industry [6].