格隆汇10月9日丨激智科技(300566.SZ)在投资者互动平台表示，公司是小米的重要合作伙伴，公司目前 为小米电视提供扩散膜、增亮膜、复合膜、量子点膜、核心层等对应参数要求的光学膜产品及相关技术 方案合作；公司光学膜应用于小米某些型号的手机上。公司于2017年通过宁波沃衍基金投资OLED发光 材料公司宁波卢米蓝，小米17系列手机搭载的M10新型红色发光主材由卢米蓝与小米联合实验室研发。 ...

Core Viewpoint - The article highlights the growth trajectory of Jizhi Technology as a representation of China's manufacturing upgrade, emphasizing its role in breaking foreign monopolies in optical film technology and its resilience against industry cyclicality [3][4]. Company Overview - Jizhi Technology, founded by Zhang Yan, emerged in 2007 when the optical film market was dominated by Japanese and Korean companies. The company started with an investment of 8 million yuan from angel investors [4]. - The company focuses on optical films, essential for LCD panels, and aims to become the best functional film company globally [3][5]. Market Strategy - Initially, Jizhi Technology faced challenges in product development and market acceptance, but after overcoming technical difficulties, it successfully mass-produced optical diffusion films [5]. - The company adopted a pragmatic approach by targeting the domestic market first, leveraging product performance and cost advantages to prepare for entry into international brand systems [5]. Financial Performance - In the first half of 2025, Jizhi Technology reported revenues of 1.074 billion yuan and a net profit of 117 million yuan, with sales of high-end optical films increasing by 20.92% year-on-year [5]. Business Diversification - To mitigate cyclical fluctuations in the display industry, Jizhi Technology implemented a strategy called "one axis, one belt, one core," extending its optical film products into photovoltaic, automotive, and battery sectors [6]. - The company emphasizes the technical similarities between its existing products and those in new markets, such as photovoltaic backplanes and automotive window films [6]. Innovation and Development - Jizhi Technology is focused on enhancing product competitiveness through technological advancements, aiming to develop products that meet market demands and improve efficiency [7][8]. - The company is investing in AI to accelerate product iteration and enhance design capabilities, reflecting a commitment to innovation and quality [8]. Talent and Culture - The company prioritizes talent acquisition and development, implementing incentive programs to align employee growth with company success [8]. - Zhang Yan advocates for a shift in entrepreneurial mindset, emphasizing the need for innovative thinking in navigating complex economic landscapes [8].

Core Viewpoint - The pursuit of battery safety and cost reduction in the electric vehicle sector is driving a pivotal moment for the composite current collector industry, with Shenzhen Hanqiao New Materials Technology Co., Ltd. emerging as a key player due to its innovative technology and mass production capabilities [1][2]. Group 1: Industry Trends - Since 2023, composite current collectors have gained significant market attention, with leading manufacturers collaborating with lithium battery leaders to launch new products, marking the transition from laboratory samples to commercial sales [2][3]. - The new composite current collectors, featuring a "metal-polymer substrate-metal" sandwich structure, replace over 60% of metal with polymer materials, optimizing costs, reducing battery weight, and enhancing energy density by 5%-10% [2][3]. - The urgency for high-performance current collectors is heightened by recent safety incidents in electric vehicles and the impending mass production of solid-state batteries in 2026, indicating a true turning point for the replacement of traditional current collectors [2][3]. Group 2: Company Overview - Hanqiao New Materials has successfully overcome mass production challenges, achieving a stable supply with a product yield rate exceeding 90%, distinguishing itself as one of the few companies capable of consistent bulk supply [3][4]. - The company has pioneered a one-step magnetron sputtering process that addresses issues associated with traditional two-step methods, such as substrate damage and low yield rates, thus creating a significant technological breakthrough [4][5]. - Hanqiao New Materials has established itself as a leader in the composite current collector industry, with a strong focus on R&D, having filed 83 patents, including 57 domestic inventions, and has successfully transitioned to mass production [8][9]. Group 3: Technological Advancements - The one-step process developed by Hanqiao New Materials not only enhances yield and uniformity of the film layers but also creates a high technical barrier, allowing compatibility with two-step methods while making it difficult for competitors to replicate [5][7]. - The company has developed the world's first dual-sided winding magnetron sputtering equipment, significantly improving coating uniformity and efficiency, and achieving over 80% material utilization rate, which contributes to a competitive cost of 4-5 RMB/m² for composite current collectors [7][8]. - Hanqiao's technology platform is versatile, enabling the company to respond to market changes effectively and expand into various sectors, including energy storage and consumer batteries, thereby diversifying its growth engines [9][10]. Group 4: Market Applications - Hanqiao New Materials is positioned to lead in the high-end optical film market, producing ultra-high reflectivity silver films that break the long-standing reliance on imports and support the domestic high-end optical materials industry [10][11]. - The company's 3A optical films, essential for automotive applications, leverage its core magnetron sputtering technology, which is critical for achieving high-performance multi-layer films [11]. - The strategic approach of "technology reuse and multi-field collaboration" not only maximizes production capacity but also mitigates risks associated with single industry dependence, reinforcing the company's competitive edge [11].

Core Insights - The return of the LeKai color film, after 13 years of suspension, highlights the company's resilience and commitment to innovation in response to emerging consumer trends [1][2] Group 1: Product Launch - LeKai officially launched the C200 color film at the 26th Shanghai International Photography Equipment and Digital Imaging Exhibition, attracting significant attention from consumers and photography enthusiasts [1] - The packaging of the C200 film retains the classic red box and white label design, with only minor differences from the previous version [1] Group 2: Technological Advancements - The C200 film is a result of 18 months of concentrated efforts in collaboration with universities, leading to breakthroughs in nano-coating and environmentally friendly development techniques [1] - The performance of the C200 film has reached international standards, significantly improving color representation and tolerance [1] Group 3: Historical Context and Evolution - LeKai has a rich history, being the first film factory established in China in 1965, and has faced various challenges, including market shrinkage and foreign brand monopolies [2] - The company has undergone multiple transformations, focusing on core technologies in film production, coating, and micro-structure to drive innovation [2] Group 4: Current Position and Market Integration - LeKai has evolved into a national champion in three major fields: optical films, printing plates, and functional imaging materials, integrating deeply into modern industrial chains such as smartphones and medical imaging [3] - The company has successfully developed key technologies like optical TAC films, previously reliant on imports, and now supplies products to well-known enterprises [3] Group 5: Commitment to Innovation - LeKai maintains a research and development investment of over 4% of its revenue, fostering a culture of continuous innovation [3] - New product revenue accounts for 62% of the total revenue, demonstrating the effectiveness of the company's innovation-driven transformation strategy [3]

Group 1: Company Overview and Technology - The company specializes in smart dimming conductive films, utilizing four main technologies: PDLC, SPD, LC, and EC [1][2] - EC technology allows reversible changes in optical properties under an electric field, offering low working voltage and energy consumption, making it suitable for automotive applications [2] - The company’s products primarily use EC technology, applied in automotive sunroofs, side windows, and rearview mirrors [2][3] Group 2: Market Demand and Growth - In 2024, the penetration rate of panoramic sunroofs in new energy vehicles is projected to reach 14.4%, an increase of 7.7 percentage points year-on-year [3] - The standard installation rate of panoramic sunroofs in new energy vehicles is expected to be 28.6%, with an increase of 11.6 percentage points [3] - Smart dimming glass can reduce cabin temperature by 8-12°C, addressing heat radiation challenges [3] Group 3: Financial Performance and Challenges - The company is investing in a project with a planned annual production capacity of 6 million square meters of functional films, with funding sourced from self-owned and self-raised funds [3] - OCA optical adhesive business faces challenges due to intensified market competition and high R&D costs, resulting in a 25.23% decline in revenue to 56.0057 million yuan in the first half of 2025 [3]

中新网安徽新闻6月9日电 （记者 张俊）长江北岸，大别山麓，一场以创新为底色的产业变革正在上 演。在六安经济技术开发区（以下简称"六安开发区"），这里不仅有产业版图的扩张，更有无数奋斗者 以梦为帆，用汗水与智慧在这片土地书写着精彩纷呈的"智造"篇章。 据了解，该基地是上海与六安对口合作的重点项目，目前已配备三坐标测量仪、扫描电子显微镜、万能 试验机等40余台检测检验仪器设备，能够为包括车身在内的所有新能源汽车零部件产品提供全面的检验 检测服务。基地不仅帮助企业缩短了研发周期，而且节省了大量外送检测费用。 创新驱动的产业引擎 走进安徽凯斯汀科技有限公司的生产车间，映入眼帘的是高度自动化的产线，机械臂精准抓取、移送部 件，数控机床飞速运转，将铝合金原料加工成精密的汽车零部件。刘阿勇是安徽凯斯汀科技有限公司副 总经理。自2021年公司入驻六安开发区以来，他便一头扎进了新能源汽车零部件制造领域。 "我们赶上了新能源汽车大发展的浪潮，但也面临着激烈的竞争。"刘阿勇回忆起创业初期的艰辛，为了 攻克技术难题，带领团队引入了行业内最先进的设备和技术，不断优化工艺流程。 刘阿勇拿起一块汽车零部件介绍："汽车精密零部件不仅结构复 ...

Group 1 - The core project focuses on high-end optical materials with a total investment of 740 million yuan and a construction period of 3 years, aiming to increase production capacity for polarizer protective films, OLED process protective films, and OCA optical adhesive films, which is expected to generate annual revenue of 1.392 billion yuan upon reaching full production [3] - The company has achieved import substitution in the optoelectronic display module materials sector, with clients including major enterprises like Samsung and BOE, indicating a strategic move to further penetrate the high-end market [3] - The company plans to enhance its core competitiveness through an innovation center project located in Shanghai, focusing on technology research and talent acquisition [3] Group 2 - In 2024, the company reported a 55% year-on-year revenue growth, reaching 795 million yuan, with a net profit of 280 million yuan, marking a 44% increase [4] - The high-performance optical materials segment saw a remarkable revenue increase of over 400%, totaling 218 million yuan, while functional electronic materials maintained a steady growth of 22% [4] - The growth trend continued into 2025, with Q1 revenue and net profit increasing by 92% and 111% year-on-year, respectively, validating the effectiveness of the company's strategic initiatives [4] Group 3 - The project faces certain risks and challenges, particularly with OLED process protective films and OCA optical adhesive films still in the customer certification phase, leading to uncertainties [5] - Upon reaching full production, the project will incur an additional annual depreciation expense of 42.39 million yuan, which could impact net profit if orders fall short of expectations [5] - To mitigate these risks, the company is increasing R&D investment, with R&D expenses accounting for 6.32% of total revenue in 2024, and plans to utilize 880 million yuan of idle funds for cash management to optimize financial efficiency [5] Group 4 - The company aims to leverage new projects and the Shanghai innovation center to deepen collaborations with universities and industry partners, striving to overcome technological barriers set by companies from the US, Japan, and South Korea in the high-end materials sector [6] - Future plans include actively expanding into upstream areas such as functional adhesives, creating material solutions that cover various scenarios including consumer electronics and new energy vehicles, thereby building a comprehensive material ecosystem [6] Group 5 - The Chinese optical film industry is steadily developing, supported by favorable policies, with companies like Yuxing Co. reporting a 71.27% year-on-year revenue growth in electronic optical polyester film business [7] - The demand for high-end composite optical films remains strong, with companies like Jizhi Technology reporting a 42.78% increase in sales for high-end display optical film products [7] - Despite domestic companies enhancing production capacity through technological upgrades, the overall supply-demand gap in the industry remains significant, highlighting ongoing reliance on imports for high-end optical films [7] Group 6 - The domestic optical film market is characterized by intense competition between local and foreign companies, with local firms holding a share in the mid-to-low-end market but facing challenges in the high-end sector due to technological barriers from foreign companies [8] - Companies like Changyang Technology have made significant breakthroughs in reflective film performance, challenging the long-standing monopolies of foreign manufacturers and driving industry technological advancement [8] - The high-end optical film and core raw materials still require substantial imports, while domestic exports are primarily concentrated in the mid-to-low-end segment, indicating a need for improvement in the competitive landscape of high-end optical films [8]