宁波激智园区 ◎刘禹希 记者 陈梦娜 实习生 吴子悠 光学膜是LCD面板的核心材料之一，就像LCD的光线调节器，没有它，屏幕可能亮度不足、显示模糊， 甚至无法正常成像。 在光学膜从实验室走向产业化的道路上，激智科技的成长轨迹恰如中国制造业升级的缩影。公司既是打 破光学膜国外技术垄断的"破壁者"，也是抵御行业周期性波动的"长跑者"。 近日，激智科技董事长张彦在做客上海证券报《直面掌门人》节目时表示，公司正朝着"最专、最精、 最强、最有爱"的企业愿景迈进，致力于"成为世界上最好的功能膜公司"。 张彦 在空白处起笔 2007年的中国显示行业，光学膜市场被日韩企业所垄断。"当时我还在外企打工。中国的智能手机、平 板电脑，甚至电视也没有现在这般普及，我和几个同事察觉到平板显示行业将是机遇。"张彦回忆道。 博士毕业后，张彦在通用电气中国研发中心负责光学薄膜研发，敏锐察觉到显示产业转移的趋势，他毅 然放弃世界500强的高管职位，带着两位宁波天使投资人800万元的资金，投资创办了激智科技的前身宁 波激智新材料科技有限公司。 创业伊始，张彦和团队选择从显示用光学膜切入。"不论什么产品从开发到走向市场，都会经历一些挑 战。"张彦 ...

Core Insights - Ningbo is actively building a new ecosystem in the new materials sector by integrating capital, technology, and industry, aiming for rapid growth and innovation [8][11][14] - The city has established a robust framework for the new materials industry, with significant government support and a focus on high-tech manufacturing [9][21][25] Industry Development - Ningbo's new materials industry is recognized as one of the three major industrial clusters in the "361" modern industrial system, with a focus on chemical new materials, high-end metal alloys, and graphene [9][25] - The city has attracted 25 national-level champion enterprises and 69 specialized "little giant" companies, positioning itself as a leader in the new materials sector [9][25] - In the first half of 2025, the added value of high-tech manufacturing and equipment manufacturing in Ningbo grew by 13.1% and 6.5%, respectively, indicating strong industrial performance [21] Investment and Collaboration - Approximately 30 investors and entrepreneurs participated in a recent event to explore investment opportunities in Ningbo's new materials sector, highlighting the collaboration between government, academia, and industry [8][11] - Investment firms are increasingly interested in Ningbo due to its strong resource integration and project incubation capabilities, which are essential for attracting capital [13][14] - Several investment agreements were signed during the event, indicating a commitment to support local companies in their growth and development [12][14] Innovation and Technology - The Yongjiang Laboratory is a key player in transforming scientific research into commercial applications, focusing on overcoming the "valleys of death" in technology and industry [15][16][17] - The laboratory has introduced 23 research teams from top global institutions, achieving breakthroughs in various fields, including nanomaterials and semiconductor technologies [17][18] - Companies like Tianxuan New Materials have made significant advancements in optical interface materials, breaking foreign monopolies and achieving high production standards [22][23] Future Outlook - The new materials industry in Ningbo is expected to continue its rapid growth, driven by a combination of strong manufacturing capabilities, active investment, and supportive government policies [21][25] - There is a call for further collaboration across the supply chain to enhance the resilience and competitiveness of the industry, particularly in upstream raw materials [26]

Group 1 - The core viewpoint of the article emphasizes the accelerating breakthrough of Mini-LED backlighting technology and the collaborative development of Quantum Dot (QD) technology within the new display industry [1][2]. Group 2 - New display industry technology trends overview highlights the performance comparison among various new display technologies [2]. Group 3 - The article provides an introduction to Quantum Dot display technology, detailing its basic structure, optical properties, main categories, development trends, application fields, and product forms [4]. Group 4 - The distribution of major domestic Quantum Dot material manufacturers is summarized, along with the distribution of manufacturers for Quantum Dot films and Quantum Dot boards [4]. Group 5 - Key operational overviews of representative companies in the Quantum Dot industry, including Nanocrystal Technology and Jizhi Technology, are presented [3][5].

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]

Financial Performance - In 2024, the company achieved operating revenue of 1.441 billion yuan, a year-on-year increase of 8.96% [2] - The net profit attributable to shareholders reached 170 million yuan, up 8.44% year-on-year [2] - The net profit after deducting non-recurring gains and losses was 138 million yuan, reflecting a 2.94% increase [2] - Operating cash flow was 262 million yuan, showing a growth of 9.81% [2] - The company proposed a cash dividend of 1.30 yuan per 10 shares, with a total cash dividend distribution amounting to 81.1979 million yuan, resulting in a cash dividend payout ratio of 90.72% [2] Business Segments - In the reflective materials sector, the company generated revenue of 1.07 billion yuan, marking a 13.67% increase, and saw a 25% growth in sales of license plate films and vehicle safety products due to enhanced market share and global expansion [3] - The optical display materials segment includes products such as diffusion films and quantum dot films, which are expected to benefit from government policies and trends in automotive display technology [3] - In the electronic functional materials area, the company’s graphene thermal conductive films have been adopted in high-end devices, indicating strong market demand [3] Research and Development - The company established the Hangzhou Research Institute in 2023, focusing on optical design and precision processing for new functional films and display materials [4] - The R&D team grew to 174 members by the end of 2024, a 20% increase, with a significant rise in personnel holding master's degrees [4] - The research institute has developed various optical solutions and is advancing into the automotive smart cockpit sector with AR-HUD technology [5] Innovation and Future Outlook - The company is actively exploring new applications in traffic safety, including the development of an intelligent traffic warning vehicle that integrates AI and remote monitoring capabilities [5] - The company aims to enhance domestic market share and accelerate overseas expansion while focusing on technology innovation and product development as core growth drivers [5]