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 - The company reported a decline in revenue for 2024 but saw significant growth in net profit and non-recurring net profit, indicating improved operational efficiency despite lower sales [1] - The sales of high-end composite films have driven net profit growth, with optical film revenue increasing significantly [2] - The solar panel segment experienced a revenue decline, but gross margin improved, reflecting a shift in product mix [4] Financial Performance - For 2024, total revenue was 2.18 billion, down 6% year-on-year; net profit attributable to shareholders was 190 million, up 32% year-on-year; and non-recurring net profit was 152 million, up 93% year-on-year [1] - In Q4 2024, revenue was 540 million, down 19% year-on-year but up 3% quarter-on-quarter; net profit was 21 million, down 63% year-on-year and down 54% quarter-on-quarter [1] - In Q1 2025, revenue was 480 million, down 11% year-on-year; net profit was 59 million, up 20% year-on-year; and non-recurring net profit was 50 million, up 35% year-on-year [2] Segment Performance - Optical film revenue reached 1.34 billion in 2024, up 19% year-on-year, accounting for 61% of total revenue, with a gross margin of 31.1%, up 2.8 percentage points [2] - The window film business generated 70 million in revenue, down 7% year-on-year, with a gross margin of 45.9%, down 0.4 percentage points [3] - The solar panel segment saw revenue of 500 million, down 43% year-on-year, with a gross margin of 18.4%, up 4.5 percentage points [4] Future Outlook - Revenue projections for 2025-2027 are 2.18 billion, 2.22 billion, and 2.33 billion, with expected growth rates of 0%, 2%, and 5% respectively; net profit forecasts are 240 million, 290 million, and 340 million, with compound annual growth rates of 21% [6]