Core Viewpoint - The company, Jufei Optoelectronics, reported strong financial performance for 2024 and Q1 2025, driven by growth in Mini LED backlighting and automotive LED sectors, while also announcing a cash dividend plan for shareholders [1][2]. Financial Performance - In 2024, the company achieved revenue of 3.053 billion yuan, a year-on-year increase of 21.54%, and a net profit attributable to shareholders of 340 million yuan, up 47.63% [1]. - For Q1 2025, revenue reached 779 million yuan, growing 21.08%, with a non-recurring net profit of 51.73 million yuan, an increase of 10.89% [1]. Business Segments - The LED product sales revenue for 2024 was 2.778 billion yuan, representing a 20.37% increase and accounting for 90.99% of total revenue, with a product yield rate of 99.32% [2]. - In the Mini LED backlighting sector, the company maintained significant market share among major domestic brands and made breakthroughs with international clients like Samsung and Sony [2]. - In the automotive LED sector, partnerships with Tier 1 suppliers such as Valeo and Marelli have been established, expanding the company's presence in automotive lighting and HUD products [2]. Product Innovation - The company launched the world's first commercial Mini COB interactive screen for the Changan Qiyuan E07 model, marking a significant innovation in the automotive sector [3]. - The company is expanding its product lines into infrared, optoelectronic sensors, and other related businesses, enhancing growth potential [4]. Research and Development - In 2024, the company invested 205 million yuan in R&D, a 34.24% increase, representing 6.71% of total revenue, with R&D personnel making up 21.28% of the workforce [4]. - The company holds over 753 patents and has received multiple honors for its technology centers and innovation capabilities [5]. Market Outlook - The government’s focus on boosting consumption, with a special bond issuance of 300 billion yuan to support consumer goods, is expected to benefit the company [5]. - Analysts predict that the company's net profit attributable to shareholders will reach 351 million yuan, 401 million yuan, and 481 million yuan from 2024 to 2026 [5].