Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, indicating successful strategic transformation [1] - The growth in performance is attributed to the shift from a reliance on mobile supply chains to diversified applications and high-value products [1] Company Performance - The company achieved approximately 398 million yuan in revenue, a year-on-year increase of 244.67% [1] - Net profit attributable to shareholders was around 72.89 million yuan, marking a successful turnaround [1] - Basic earnings per share reached 0.3274 yuan [1] Strategic Transformation - The company has shifted its business focus from low-margin mobile products to high-value products, successfully entering the gaming and esports sectors [1] - There has been a steady increase in the shipment of backlight modules for the Nintendo Switch 2, along with breakthroughs in smart wearables, tablets, and laptops [1] - The company has also made significant progress in emerging markets such as industrial control and automotive displays [1] Market Dynamics - The company has optimized both product and customer structures by increasing the proportion of high-margin products, leading to improved overall gross margins [1] - The transition from a predominantly domestic market to a balanced approach of domestic and international sales has provided strong momentum for growth [1] - The proportion of international high-end customers has significantly increased during the reporting period [1] Industry Outlook - Analysts suggest that the company's performance rebound is not only due to the recovery in the consumer electronics market but also reflects the foresight of its strategic transformation [2] - The small to medium-sized display industry is expected to maintain a positive development trend, driven by the rise of smart technology and generative AI [2] - The company's proactive diversification into various application scenarios has effectively mitigated risks associated with intense competition in the mobile supply chain [2]

Core Viewpoint - The 2024 Annual General Meeting of Kunshan Longteng Optoelectronics Co., Ltd. aims to ensure the rights of all shareholders and maintain the order and efficiency of the meeting, adhering to relevant laws and regulations [1][2][3]. Meeting Procedures - Shareholders or their proxies must arrive 30 minutes before the meeting to complete registration and present necessary identification documents [2][3]. - The meeting will follow a predetermined agenda for reviewing and voting on proposals [2][3]. - Shareholders have the right to speak, consult, and vote during the meeting, but must register in advance to speak [2][3][4]. - Voting will be conducted through a combination of on-site and online methods, with results announced after the meeting [2][3][4]. Financial Performance - In 2024, the company experienced a 9.77% decrease in total revenue compared to the previous year, while the net profit attributable to shareholders improved by 31.64% [6][20]. - The company’s financial structure remains robust, with a debt-to-asset ratio of 34.84%, which is lower than the industry average [6][20]. Board of Directors' Work - The Board of Directors held three meetings in 2024, reviewing 29 proposals related to financial management and corporate governance [6][8]. - The Board aims to enhance shareholder value and ensure compliance with legal and regulatory requirements [8][9]. Supervisory Board's Role - The Supervisory Board conducted three meetings in 2024, focusing on the legality and compliance of the company's operations and financial status [13][14]. - The Supervisory Board confirmed that the company adhered to relevant laws and regulations, ensuring the protection of shareholder interests [14][15]. Future Plans - The company plans to enhance its governance structure and improve information disclosure management to foster better investor relations [9][12]. - The 2025 work plan includes continuous improvement of governance practices and compliance with legal standards [9][12]. Proposals for Shareholder Approval - The company proposed not to distribute profits for 2024, opting to reinvest retained earnings into project development and market expansion [23]. - A proposal to apply for a comprehensive credit limit of up to 73.3 billion yuan from banks was also presented [25]. - The company intends to continue its partnership with the auditing firm Gongzheng Tianye for the 2025 fiscal year [24].