根据市场公开信息及5月22日披露的机构调研信息，知名私募重阳投资近期对1家上市公司进行了调研， 相关名单如下： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 1）颀中科技 （重阳投资参与公司特定对象调研&现场参加） 调研纪要：颀中科技的主要终端客户包括京东方、华星光电、天马、维信诺等。2025年第一季度，公司 内销收入占比约64%，外销收入占比约36%。显示业务方面，高清电视占比约38%，智能手机占比约 43%，笔记本电脑约7%，显示器约6%；非显示业务方面，电源管理占比约68%，射频前端占比超 20%。美国此次加征关税对公司影响有限，但需关注国际贸易政策变化及全球半导体市场需求变动。公 司晶圆来源超过半数来自境内晶圆厂，如SMIC、晶合集成、粤芯、华虹等，其余来自境外晶圆厂，如 台积电、力积电、世界先进、UMC等。2025年第一季度，大尺寸显示驱动芯片封测占营收比36%，小 尺寸占营收比56%。 机构简介： 上海重阳投资管理有限公司（简称重阳投资）是在成立于2001年的上海重阳投资有限公司的基础上于 2009年设立的采用合伙经营模 ...

Investment Rating - The report maintains a rating of "Buy" for the company [2][4] Core Views - The company's gross margin is under pressure due to increased fixed costs from the Hefei production capacity and a deteriorating industry competitive landscape. However, the revenue share from AMOLED products continues to rise, and the company is actively expanding its non-display driver packaging business to create a second growth curve [2][7] Summary by Sections Financial Performance - The company reported a revenue of RMB 1.959 billion for 2024, representing a year-on-year growth of 20.3%. The gross margin was 31.3%, down by 4.4 percentage points year-on-year. The net profit attributable to the parent company was RMB 313 million, a decrease of 16% year-on-year [6][7] - For 2025, the estimated earnings per share (EPS) is adjusted to RMB 0.29, down by 25.6% from previous estimates. The projected PE ratios for 2025, 2026, and 2027 are 41.9, 37.4, and 33.2 respectively [4][6] Market Position and Strategy - The company is the leading provider of display driver chip packaging in China (excluding Hong Kong, Macau, and Taiwan) and ranks third globally. The revenue from display driver chip packaging is expected to reach RMB 1.758 billion in 2024, with AMOLED revenue accounting for over 20% of total revenue [7] - The company has innovated in the technology of copper-nickel-gold bumps, which allows for large-scale production and cost control. It is also expanding its non-display packaging capabilities, targeting power devices and Power ICs [7] Future Outlook - The company is expected to continue its revenue growth trajectory, with projected revenues of RMB 2.288 billion in 2025 and RMB 2.590 billion in 2026, reflecting growth rates of 16.8% and 13.2% respectively [6][8] - The gross margin is anticipated to decline further to 30.3% in 2025 and stabilize at 29.9% in 2026 and 2027 due to ongoing competitive pressures [8]