Core Viewpoint - Jilin OLED Material Technology Co., Ltd. reported a significant decline in revenue and profit for the first half of 2025, primarily due to a sharp drop in evaporative source equipment sales, while the materials business showed resilience with growth in revenue. Company Overview and Financial Indicators - The company reported a total revenue of approximately 280.95 million yuan, a decrease of 17.87% compared to the same period last year [3] - Total profit decreased by 77.40% to approximately 22.28 million yuan [3] - Net profit attributable to shareholders was approximately 27.00 million yuan, down 70.59% year-on-year [3] - The company's net assets decreased by 4.39% to approximately 1.66 billion yuan [3] - Total assets increased by 8.38% to approximately 2.36 billion yuan [3] Industry and Business Analysis - The consumer electronics market in China is expected to grow from 1.66 trillion yuan in 2018 to over 2.2 trillion yuan by 2025, driven by advancements in 5G, AI, and IoT [4] - OLED technology is projected to become a major growth trend in the display industry, with global OLED revenue expected to reach approximately 41.7 billion USD by 2024 and 50 billion USD by 2027 [4] - The company has positioned itself as a key player in the OLED upstream supply chain, focusing on both materials and equipment [4][5] Business Performance - The materials business achieved revenue of approximately 257 million yuan, a year-on-year increase of 21.99%, demonstrating strong market demand [12] - The evaporative source equipment revenue fell sharply by 82.20% to approximately 23.35 million yuan due to market conditions [12] - The company has successfully developed a full range of OLED terminal luminescent materials, supporting the application of OLED display technology [12] Technological Advancements - The company has broken through foreign patents in the field of 6th generation AMOLED linear evaporative source equipment, filling a significant technological gap in the domestic market [12] - The company has also achieved a technological breakthrough in 8.6 generation evaporative source equipment, securing contracts with major clients like BOE [12] Research and Development - The company has invested heavily in R&D, with R&D expenses accounting for 25.36% of revenue, an increase of 5.15 percentage points year-on-year [3] - The company completed nearly 280 material structure designs and synthesized over 180 samples, with more than 70 new materials entering customer verification stages [12] Market Strategy - The company employs a direct sales model for both materials and equipment, ensuring close communication with clients to meet their needs [5][6] - The company has established long-term strategic partnerships with major domestic panel manufacturers, enhancing customer loyalty and market penetration [18]

Core Viewpoint - The company, OLED, has voluntarily disclosed its performance forecast for the first half of 2025, indicating a significant decline in revenue and net profit due to a sharp drop in equipment sales despite growth in material sales [1][2]. Group 1: Financial Performance - The company expects to achieve operating revenue between 270 million to 290 million yuan, representing a year-on-year decrease of 15.23% to 21.07% [2]. - The materials segment is projected to generate operating revenue of 250 million to 260 million yuan, showing a year-on-year increase of 18.67% to 23.41% [2]. - The equipment segment is expected to realize operating revenue of 23 million to 24 million yuan, reflecting a substantial year-on-year decrease of 81.70% to 82.46% [2]. - The company anticipates a net profit attributable to shareholders of 25 million to 29 million yuan, down 68.41% to 72.77% year-on-year; the net profit after deducting non-recurring items is expected to be between 4 million to 4.8 million yuan, a decline of 92.46% to 93.71% [2]. Group 2: Business Operations and Developments - The company has delivered its first batch of 8.6-generation linear evaporation source equipment to BOE, marking a technological upgrade from 6th to 8.6th generation [5]. - In May, the company signed a contract worth 655 million yuan with BOE for equipment supply, which includes delivery, installation, and training services [6]. - A new project for the research and industrialization of key functional materials for OLED displays has commenced, with a total investment of approximately 300 million yuan, expected to generate operating revenue of 383 million yuan and a net profit of approximately 57.51 million yuan in its first year of operation [6].

Core Viewpoint - The article highlights the growth and significance of OLED technology in the display industry, focusing on the achievements and future plans of the company 奥来德 (Aolaide) as a key player in the OLED materials and equipment sector [1][6]. Company Overview - 奥来德 started as a small laboratory in 2005 and has evolved into a leading enterprise in the OLED industry, being the first stock listed on the Science and Technology Innovation Board for OLED materials and equipment [1][6]. - The company emphasizes its mission to create useful products that address industry pain points and drive technological upgrades [1]. Technological Development - The company has developed high-purity organic light-emitting materials, which are crucial for OLED screens, overcoming initial challenges in a market dominated by foreign companies [2][3]. - 奥来德 has achieved a comprehensive layout of OLED terminal light-emitting materials and has expanded into PSPI materials, packaging materials, and other related products [3]. Key Innovations - The company has focused on overcoming "bottleneck" technologies, particularly in the vacuum deposition process essential for OLED panel production [4][5]. - 奥来德 successfully developed its own evaporation source equipment, breaking foreign monopolies and becoming the only domestic supplier for certain AMOLED production lines [5]. Market Position and Growth - The global OLED market is projected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2032, with IT OLED panel demand expected to grow at a remarkable 46% CAGR from 2023 to 2028 [6]. - 奥来德 secured a significant order worth 655 million yuan for the domestic first 8.6-generation AMOLED production line, indicating its leading position in evaporation source technology [6]. Future Plans - The company plans to establish a new display materials industrial base to enhance its R&D and production capabilities, covering an area of 136,000 square meters [6]. - 奥来德 aims to attract upstream and downstream enterprises to strengthen industry collaboration and tackle more technological challenges, focusing on innovation and domestic production [7].