Core Insights - Hanbo High-tech Materials (Hefei) Co., Ltd. held a performance briefing on September 15, 2025, via the P5W website, engaging numerous investors through online inquiries [1] Group 1: Investor Relations Activity - The investor relations activity was categorized as a performance briefing, conducted on September 15, 2025, on the P5W "Panorama Roadshow" website [1] - The event featured participation from the company's board secretary, Pan Dasheng, and strategic investor relations representative, Zhan Chengcheng [1] Group 2: Business Performance and Developments - The company has successfully developed various automotive display backlight products, including anti-peep, curved, and ultra-thin designs, catering to clients such as Haiwei Technology and Nobo Automotive, as well as major car manufacturers like NIO and Chery [1] - In the first half of 2025, the company achieved revenue of 1.554 billion yuan, overcoming industry fluctuations [1] - The company is focusing on the automotive display and Mini LED sectors while advancing the construction of its Vietnam bases and enhancing collaboration with core customers [1] Group 3: Patent and Technology Innovations - As of June 30, the company registered a total of 418 patents, including 108 invention patents, with 328 authorized patents, of which 41 are invention patents [1] - The company’s innovative anti-peep light guide technology received the "Special Contribution Project of the Industry Chain" award, and its independently developed HUD backlight system meets the needs of automotive and VR applications, positioning its technology at the forefront of the industry [1] Group 4: Manufacturing and Capacity Expansion - The construction and capacity layout of the two new smart manufacturing bases in Vietnam are progressing smoothly, with the North Jiang backlight display module base completing equipment debugging and planning to gradually release capacity after customer product certification in 2025 [1] - The dual-base strategy in Vietnam aims to deepen global layout, with the North Jiang base focusing on intelligent production of backlight sources and LCD modules, while the Ho Chi Minh base specializes in precision stamping for laptops and automotive applications [1] - The dual bases will collaborate with domestic industrial parks to form a cross-border industrial chain, serving global customers and promoting the company's globalization strategy [1]

Group 1: Company Strategy and Market Positioning - The company aims to become the preferred partner in the semiconductor display industry, focusing on enhancing core competitiveness and comprehensive strength through sustainable development and supply chain integration [2][3] - The "Dual Base Strategy" in Vietnam includes a backlight display module base in Bắc Ninh and a precision component base in Ho Chi Minh City, aimed at establishing a vertical industry chain in Southeast Asia [3] Group 2: Share Buyback Activities - As of February 8, 2024, the company repurchased 2,282,700 shares at a maximum price of 18.533 CNY/share and a minimum price of 8.904 CNY/share, totaling 29,997,240.57 CNY [4] - By May 6, 2024, the company had repurchased 7,166,850 shares at a maximum price of 15.88 CNY/share and a minimum price of 11.45 CNY/share, totaling 100,008,088.12 CNY [5] - As of June 30, 2025, the company repurchased 4,961,600 shares at a maximum price of 15.20 CNY/share and a minimum price of 12.85 CNY/share, totaling 70,568,855.04 CNY [5] Group 3: Financial Performance - In the first half of 2025, the company achieved revenue of 1.554 billion CNY, a 50.84% increase from 1.030 billion CNY in the same period last year [6] - The net loss narrowed to 26.45 million CNY from 65.97 million CNY year-on-year, indicating a 59.91% improvement [6] - The net cash flow from operating activities turned positive, reaching 112 million CNY compared to a negative 172 million CNY in the previous year, a 165.54% improvement [6] Group 4: Product Development and Innovation - The company has registered a total of 418 patents, including 108 invention patents, with 8 new patents registered in the first half of 2025 [8] - The innovative anti-peeping light guide plate technology received recognition as a "Special Contribution Project" in the optical electronics industry [8] - The company is advancing in the automotive display and Mini-LED sectors, focusing on high-end features such as anti-peeping, curved, and ultra-thin displays [7] Group 5: Subsidiary Overview - The company holds a 30% stake in Chengdu Tuowei High-tech Optoelectronics Technology Co., Ltd., which provides comprehensive services for AMOLED metal mask plates [9] - Chengdu Tuowei serves major OLED panel manufacturers, enhancing domestic capabilities in precision regeneration and manufacturing technology [9]