Core Viewpoint - Kaisheng Technology's stock has shown a positive trend with a year-to-date increase of 15.32% and a recent 5-day increase of 7.20%, indicating strong market performance and investor interest [1][2]. Company Overview - Kaisheng Technology, established on September 30, 2000, and listed on November 8, 2002, is located in Bengbu City, Anhui Province. The company specializes in the development, production, and sales of ITO conductive film glass, online composite coated glass, vacuum coated glass, deep-processed glass products, and new materials [1]. - The main business revenue composition includes display materials (71.93%), application materials (23.78%), and other supplementary materials (4.29%) [1]. Financial Performance - For the first half of 2025, Kaisheng Technology achieved an operating income of 2.765 billion yuan, representing a year-on-year growth of 24.70%. The net profit attributable to the parent company was 51.5074 million yuan, with a year-on-year increase of 23.70% [2]. - Since its A-share listing, the company has distributed a total of 432 million yuan in dividends, with 142 million yuan distributed in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Kaisheng Technology was 64,300, a slight decrease of 0.11% from the previous period. The average circulating shares per person increased by 0.11% to 14,693 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 9.1772 million shares (a decrease of 344,100 shares), and Southern CSI 1000 ETF, which holds 6.9674 million shares (an increase of 131,870 shares) [3].

9月15日，凯盛科技盘中下跌2.06%，截至14:04，报12.38元/股，成交2.40亿元，换手率2.04%，总市值 116.94亿元。 截至6月30日，凯盛科技股东户数6.43万，较上期减少0.11%；人均流通股14693股，较上期增加0.11%。 2025年1月-6月，凯盛科技实现营业收入27.65亿元，同比增长24.70%；归母净利润5150.74万元，同比增 长23.70%。 分红方面，凯盛科技A股上市后累计派现4.32亿元。近三年，累计派现1.42亿元。 机构持仓方面，截止2025年6月30日，凯盛科技十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股917.72万股，相比上期减少34.41万股。南方中证1000ETF（512100）位居第七大流通股 东，持股696.74万股，相比上期增加131.87万股。国寿安保智慧生活股票A（001672）位居第八大流通 股东，持股453.13万股，持股数量较上期不变。华夏中证1000ETF（159845）位居第九大流通股东，持 股411.35万股，为新进股东。 责任编辑：小浪快报 资金流向方面，主力资金净流出3381.65万元，特大单买入1271 ...

Core Viewpoint - The company, Triumph Science & Technology Co., Ltd. (凯盛科技), reported a significant increase in revenue and net profit for the first half of the year, driven by strong performance in its display materials and application materials segments [2][7]. Financial Performance - The company achieved operating revenue of approximately 2.76 billion yuan, representing a year-on-year increase of 24.7% [2][7]. - The total profit reached approximately 81.6 million yuan, a slight increase of 0.98% compared to the previous year [2][7]. - The net profit attributable to shareholders was approximately 51.5 million yuan, up 23.7% year-on-year [2][7]. - The net cash flow from operating activities surged to approximately 258.5 million yuan, an increase of 802.58% [2][7]. Business Segments - The company operates in two main business segments: display materials and application materials, both of which are key emerging industries supported by national policies [3][4]. - The display materials segment includes products such as ultra-thin flexible glass (UTG), ITO conductive film glass, and integrated display touch modules, with a focus on innovation and collaboration with leading customers [3][4][9]. - The application materials segment focuses on zirconium, silicon, and titanium-based products, expanding into high-value applications in electronics, optics, and renewable energy [5][6][12]. Innovation and Development - The company emphasizes technological innovation, with ongoing development in key areas such as ultra-thin flexible glass and high-purity silicon dioxide [12][13]. - The company has established multiple national and provincial innovation platforms, with a strong focus on R&D, resulting in a total of 582 authorized patents [12][13]. - The company is actively pursuing digital transformation, integrating AI and smart manufacturing into its operations [9][10]. Market Position and Strategy - The company has strengthened its market position through strategic partnerships and collaborations, particularly in the display materials sector [9][10]. - The international business has seen a growth of 38.05% year-on-year, indicating successful expansion into overseas markets [9][10]. - The company aims to enhance its competitive edge by focusing on high-end products and expanding its product matrix to capture emerging market opportunities [10][11].

Core Viewpoint - The article highlights the launch of the second phase of the ultra-thin substrate production line by Longhai Glass, which is expected to significantly contribute to the global new display industry by providing essential materials for production [1][3]. Group 1: Company Overview - Longhai Glass, a subsidiary of Kaisheng Technology, has initiated a project with a total investment of approximately 660 million yuan, aiming for an annual production capacity of 17 million square meters of ultra-thin electronic glass [3]. - Kaisheng Technology's main products include flexible foldable glass (UTG), ultra-thin electronic glass, ITO conductive film glass, and integrated touch modules, indicating a comprehensive display industry chain [3]. Group 2: Financial Performance - In 2024, Kaisheng Technology reported a revenue of 4.894 billion yuan, a year-on-year decrease of 2.32%, while the net profit attributable to shareholders increased by 30.76% to 140 million yuan [3]. Group 3: Industry Development - The successful production of the world's first 8.6-generation OLED glass substrate by the research institute under China National Building Material Group marks a significant advancement in OLED display technology, supported by national key research projects [3].