Core Viewpoint - The company is increasing its R&D investment in the field of new energy equipment, particularly in lithium battery packaging, solid-state/semi-solid battery ultrasonic welding, integrated cutting and stacking machines, cell assembly, and fully automated equipment for the Pack segment [1] Group 1 - The company is focusing on advanced production processes and high-precision manufacturing methods to achieve product breakthroughs [1] - Standardized management practices are being implemented to enhance operational efficiency [1] - Sales orders have been generated as a result of these advancements in technology and production [1] Group 2 - The ultrasonic welding equipment related to the new solid-state battery technology has already been shipped to customers [1]

Group 1: Company Overview - The company has over 20 years of experience in the semiconductor display equipment industry, mastering various technologies through continuous innovation and development [3] - It has established strong partnerships with renowned clients, including major companies like Bosch, Apple, and Foxconn, ensuring a stable customer base [3] Group 2: Competitive Advantages - The company possesses advanced product design and manufacturing capabilities, leading to high product quality and performance that ranks among the industry leaders [3] - It offers comprehensive, high-quality personalized services throughout the pre-sale, sale, and post-sale processes, contributing to a strong reputation in the industry [3] Group 3: Technological Developments - The company is actively involved in the semiconductor field, successfully entering the semiconductor packaging industry with its IC packaging equipment [4] - It has made significant advancements in solid-state battery technology, focusing on ultrasonic welding and automation equipment for lithium battery production [4] Group 4: Market Expansion - The company is expanding its presence in the overseas market, establishing relationships with several Fortune 500 companies, including Valeo and Harman [4] - It is also developing equipment for perovskite solar cells, with new products entering the debugging phase and preparing for shipment [4]

Company Overview - Shenzhen LianDe Automation Equipment Co., Ltd. has established long-term stable partnerships with renowned clients including Continental Automotive Electronics, Bosch, Harman, and Apple [2][3]. Advanced Packaging and Semiconductor Equipment - The company has successfully entered the semiconductor packaging industry with its developed semiconductor IC packaging equipment, focusing on advanced packaging technologies such as COF flip chip bonding equipment [4]. - LianDe is actively monitoring industry trends and technological advancements to seize opportunities in the semiconductor equipment sector [4]. Flexible AMOLED and Foldable Screen Applications - The company's flexible AMOLED bonding equipment is widely used in the mass production of foldable screens for well-known domestic and international smartphone brands [5]. - LianDe has established a leading position in the foldable screen bonding equipment market, leveraging its technological advantages [5]. Solid-State Battery Developments - In the new energy equipment sector, LianDe is increasing R&D investments in lithium battery packaging, cutting and stacking machines, and ultrasonic welding equipment, resulting in product breakthroughs and sales orders [6]. - The company has successfully shipped ultrasonic welding equipment related to new solid-state battery processes [6]. VR/AR/MR Display Equipment - LianDe has developed equipment for the VR/AR/MR display sectors, gaining recognition from clients in these emerging fields [7]. - The company has established partnerships with leading international clients in the VR/AR/MR display equipment market [7]. Mergers and Acquisitions Strategy - LianDe is actively seeking opportunities for resource integration and is considering mergers and acquisitions to enhance its operational capabilities, in line with regulatory support for industry consolidation [8].

Core Viewpoint - The company achieved significant revenue and profit growth in 2024, but faces challenges in cash flow management [1][6][7] Financial Performance - The company reported total revenue of 1.396 billion yuan, a year-on-year increase of 15.63% [1] - Net profit attributable to shareholders reached 243 million yuan, up 37.06% year-on-year [1] - Non-recurring net profit was 229 million yuan, reflecting a 40.92% increase compared to the previous year [1] - Operating cash flow net amount decreased by 41.84% year-on-year, totaling 71.29 million yuan, indicating cash flow management issues [6] Business Operations - The company specializes in the research, production, and sales of new semiconductor display intelligent equipment, automotive intelligent cockpit systems, semiconductor packaging and testing equipment, and new energy equipment [4] - Significant progress was made in the semiconductor display automation module equipment sector, successfully entering new application fields such as automotive electronics [4] Technological Innovation - The company achieved notable growth through enhanced technological reserves and product research and development [5] - Key technologies developed include high vacuum curved surface bonding technology, material mechanics simulation technology, and machine vision control technology [5] - The company’s R&D investment totaled 121 million yuan, accounting for 8.65% of total revenue, highlighting its commitment to innovation [5] Cash Flow Management Challenges - The company’s financing activities resulted in a net cash flow of -219 million yuan, a decrease of 221 million yuan year-on-year [7] - Investment activities also showed a net cash flow of -82.90 million yuan, indicating financial pressure [7] - There is a need for improved cash flow management to maintain financial health amid rapid expansion [6][7] New Energy Equipment Opportunities - The company made significant advancements in the new energy equipment sector, focusing on lithium battery packaging and automation equipment [8] - Increased R&D investment in perovskite-related process equipment aims to capture industry growth opportunities [8] - The company is positioned to achieve greater breakthroughs in the new energy sector, potentially driving further revenue growth [8]