近年来，随着国家政策支持力度加大，LED行业迎来新发展机遇期。小间距LED、光电子器件、智能电 子终端等细分领域展现出巨大市场潜力。国星光电通过此次定增，旨在优化产品结构，将资源向高增长 领域倾斜，以提升整体盈利能力。在LED行业快速迭代的背景下，公司特别重视前瞻性技术布局，以应 对市场竞争和技术变革。 7月11日，国星光电发布2025年度定向增发预案，拟募资不超过9.81亿元加码Mini/Micro LED等新兴领 域。本次发行对象包括控股股东佛山电器照明在内的不超过35名特定投资者，募集资金将重点投向超高 清显示、光电传感、智慧家居、智能车载、研发实验室等五大核心领域。 市场分析指出，随着超高清视频产业推进、智能家居普及和汽车智能化加速，Mini/Micro LED等新兴技 术的应用场景持续拓展。国星光电此次定增项目紧扣行业发展趋势，实施后将显著增强公司在关键领域 的技术实力和市场竞争力。公司表示将严格按照监管要求推进发行工作，确保募集资金合理使用，为投 资者创造更大价值。 在超高清显示领域，公司将重点建设Mini/Micro LED及显示模组产品生产线，把握下一代显示技术发展 机遇。光电传感方面，将推进 ...

近年来，夜间经济的繁荣发展逐渐成为城市活力的标志之一。利亚德、洲明科技、艾比森等行业龙头企 业依托优势，跨界加码文旅夜游。不过，由于地方政府财政收支紧张，应收账款高企成为上述企业面对 的现实难题。2025年，在国内文旅产业复苏背景下，城市更新、景区提升、夜间经济带来"光显+内 容"需求，但对企业而言仍需克服回款挑战。 LED显示企业跨界加码文旅夜游 调查发现，2025年LED显示企业供给过剩风险或将引发新一轮价格竞争压力。与此同时，传统厂商也通 过成本控制与跨间距市场渗透策略争夺存量市场，倒逼全行业利润空间收缩，在此背景下行业企业加码 文旅夜游，拓展新的增长空间。 根据洛图科技（RUNTO）发布的《中国大陆小间距LED显示屏市场分析季度报告》，2025年第一季 度，中国小间距LED显示屏市场延续"量额背离"走势，技术普惠化导致同质化竞争加剧，头部厂商主动 发起价格攻势，降价消化库存。 对于龙头上市公司来说，出货量的增长并未带来销售额的增加，2024年利亚德、洲明科技、艾比森等企 业LED显示板块销售额均出现下滑，2025年一季度业绩整体亦不乐观。2024年，利亚德智能显示板块营 业收入较上年同比下降6.03% ...

Group 1 - The company, Dongshan Precision, announced a private placement of A-shares to raise a total of 1.404 billion RMB, with a net amount of approximately 1.392 billion RMB after deducting issuance costs [1][3] - The raised funds will primarily be used to supplement working capital and meet the funding needs arising from business development, enhancing the company's sustainable development capabilities [3] - The company emphasized that the completion of this issuance will not result in significant changes to its main business scope or revenue structure [3] Group 2 - On June 15, Dongshan Precision announced plans to acquire 100% of the shares of global optical communication module manufacturer, Solstice Optoelectronics, for no more than 5.935 billion RMB, marking its entry into the optical communication field [5] - The acquisition is expected to facilitate the strategic upgrade of the company and promote collaborative development across its business segments, including consumer electronics, new energy vehicles, and optical communication [5] - Dongshan Precision is involved in the research, production, and sales of electronic circuit products, precision components, touch display modules, and LED display devices, serving various industries such as consumer electronics, new energy vehicles, communication equipment, industrial equipment, AI, and medical devices [5] Group 3 - Starting in 2024, the company initiated internal reforms in its LED business, establishing a low-cost production model, with positive results already visible in the first quarter of 2025 [6] - The company is actively optimizing its business structure by shifting sales strategies from reliance on distributors to focusing on engineering clients, thereby increasing the proportion of high-margin products [7] - The company plans to expand its product line to meet technological upgrade demands in areas such as TV backlighting, continuously launching new products to drive significant loss reduction and achieve sustainable development in its LED business [7]