证券代码：300296 证券简称：利亚德 利亚德光电股份有限公司投资者关系活动记录表 编号：2026-01 | | ■特定对象调研 □分析师会议 | | | --- | --- | --- | | 投资者关 | □媒体采访 | □业绩说明会 | | 系活动类 | □新闻发布会 | □路演活动 | | 别 | □现场参观 | | | | ■其他（电话会议） | | | 参与单位 | 连欣然 | 国信证券 | | 名称及人 | 黄礼悦 | 永赢基金 | | 员姓名 | | | | 时间 2026 | 年 2 月 26 日 10:30-11:30 | | | 地点 | 电话会 | | | 上市公司 | | | | 接待人员 | 刘阳 | 董事会秘书 | | 姓名 | 梁清筠 | 证券事务代表 | | | 本次调研以电话会议的方式举行，会议中，董秘刘阳总回答了投资者 | | | | 的提问，主要内容如下： | | | | 一、投资者提问： | | | 投资者关 | 1、公司2025年业绩扭亏为盈的主要因素有哪些？ | | | 系活动主 | 答：公司2024年净利润亏损主要原因是商誉及可辨认无形资产的减值，公 | | ...

经济观察网艾比森（300389）(300389.SZ)近期值得关注的事件主要涉及公司业绩披露和战略规划。 业绩经营情况 公司计划在2026年聚焦三大方向，包括深化COB、MIP技术规模化优化、加速AI+显示场景应用、布局 LED电影屏等增量市场，并持续优化全球布局。这些举措可能影响公司长期发展轨迹。 经营状况 2025年业绩预告显示公司经营性现金流净额同比大幅上升约440%，应收和库存周转效率提升，后续需 关注这些指标在2026年的延续性。 以上内容基于公开资料整理，不构成投资建议。 艾比森已于2026年1月发布2025年度业绩预告，预计净利润同比大幅增长105.32%至148.09%，具体财务 数据将在《2025年年度报告》中详细披露。年度报告通常于年初公布，投资者可关注其正式发布以获取 完整业绩数据。 战略推进 ...

Core Viewpoint - The "2026 Film Economic Promotion Year" has been launched to stimulate film consumption and promote economic development through various initiatives and subsidies [1] Group 1: Financial Support and Initiatives - A total of no less than 1.2 billion yuan (approximately 0.17 billion USD) will be allocated for public viewing subsidies throughout the year [1] - The event also saw the announcement of growth plans for LED movie screens and virtual reality theaters, along with the establishment of a national film digital asset platform [1] Group 2: Promotion of Film Consumption - The initiative encourages localities to conduct unique film economic promotion activities aimed at expanding viewing consumption [1] - The program aims to leverage "Film +" to further unleash consumption potential and promote consumption upgrades, thereby empowering economic and social development [1] Group 3: Pilot Cities and New Consumption Models - Sixteen cities across the country have been designated as "Film +" comprehensive pilot cities [1] - The launch of the "Explore the Market with Film" activity aims to foster new business models and scenarios in film consumption [1]

Core Viewpoint - The "2026 Film Economic Promotion Year" initiative aims to enhance film consumption and stimulate economic growth through various local projects and innovative viewing experiences [1] Group 1: Government and Industry Initiatives - The event is organized by the National Film Administration and encourages localities to implement unique film economic projects [1] - A total of at least 1.2 billion yuan (approximately 170 million USD) will be allocated for consumer subsidies to promote film viewing throughout the year [1] Group 2: Technological Advancements and New Experiences - Major companies including China Film Group, Huaxia Film Distribution, and others announced plans for LED movie screens and virtual reality theaters to create new growth points in the industry [1] - The establishment of a national film digital asset platform aims to cultivate new productive forces in film [1] Group 3: Pilot Cities and New Consumption Models - Sixteen cities have been designated as "Film+" consumption pilot cities to explore new business models and scenarios in film consumption [1] - The launch of the "Follow the Movie to Explore the Market" initiative is intended to promote new film consumption formats [1]

Core Viewpoint - A-share listed companies are showing a positive growth trend in their 2025 performance forecasts, with 60 out of 108 companies predicting favorable results, indicating a pre-joy ratio of approximately 55.56% [1] Group 1: Performance Forecasts - Among the companies that disclosed their 2025 performance forecasts, 18 companies expect their net profit to increase by over 100% year-on-year, excluding those that turned losses into profits [2] - Notable companies with significant profit increases include Zhongke Lanyun, Chuanhua Zhili, Kangchen Pharmaceutical, Bai'ao Saitou, and Tianci Materials [2] Group 2: Individual Company Highlights - Zhongke Lanyun anticipates a net profit of 1.4 billion to 1.43 billion yuan, representing a year-on-year increase of 366.51% to 376.51%. The company attributes this growth to strategic investments in high-growth areas such as GPU and advanced packaging testing [3] - Chuanhua Zhili expects a net profit of 540 million to 700 million yuan, with a year-on-year increase of 256.07% to 361.57%. The growth is driven by optimized marketing strategies and improved asset structures in its chemical and logistics businesses [4] - China Shipbuilding Defense forecasts a net profit of 940 million to 1.12 billion yuan, reflecting a year-on-year increase of 149.61% to 196.88%, attributed to improved production efficiency and increased investment income [4] Group 3: Industry Trends - Industries such as semiconductors, biomedicine, chemicals, machinery, and non-ferrous metals are experiencing notable performance recoveries among listed companies [4] - Companies like Chifeng Gold and Zijin Mining are seeing significant profit growth due to rising gold prices, with Chifeng Gold expecting a net profit of 3 billion to 3.2 billion yuan, a year-on-year increase of 70% to 81% [5] Group 4: International Market Expansion - Companies are actively expanding their overseas businesses, contributing to rapid growth in performance. For instance, Bai'ao Saitou expects a revenue of approximately 1.351 billion yuan, a year-on-year increase of 37.75%, driven by strong R&D capabilities and brand influence [5] - Aibisen anticipates a net profit of 240 million to 290 million yuan, with a year-on-year increase of 105.32% to 148.09%, supported by a well-established global channel network and local operations [6][7] - Huace Navigation expects a net profit of 670 million to 690 million yuan, with a year-on-year increase of 14.84% to 18.27%, driven by a focus on global expansion and rapid growth in overseas markets [7]

Core Viewpoint - The domestic order volume for LED cinema screens is expected to grow by approximately 50% year-on-year by 2025, with China maintaining its position as the global leader in the number of LED cinemas [1] Industry Summary - The number of LED cinemas in China is projected to see significant growth by 2025, reflecting a notable increase in the demand for high-quality viewing experiences [1] - The revenue share from LED cinema screens is particularly rising in special effect theaters, indicating a shift in consumer preferences towards immersive movie experiences [1] - The surge in special effect theaters, including IMAX, Dolby Atmos, and 4K laser theaters, highlights a transition in audience expectations from merely watching movies to seeking enhanced visual and auditory experiences [1]

证券日报网讯12月18日，奥拓电子（002587）在互动平台回答投资者提问时表示，此次《阿凡达3》中 国首映礼电影放映选择由中影CINITY LED影院放映系统提供技术支持，放映CINITY与CINITY LED专 属制版的独家4K、3D、48帧率版本，旨在凭借4K高分辨率、3D、高帧率、高亮度、高动态范围、广色 域以及沉浸式音效七大前沿技术，将潘多拉的瑰丽世界以最纯粹、最震撼的方式呈现给观众。作为最早 研究LED电影屏技术的企业之一，公司始终保持对LED电影屏的研发投入和探索，积极推动我国乃至全 球影院放映技术和设备的提质升级以及观影体验的变革。截至2025年三季度末，公司已累计签订LED电 影屏订单175块，其中完成交付了71块。 ...

Group 1: Company Overview - The company operates in three main business segments: LED smart display, cultural tourism and night economy, and AI and spatial computing [1][2] - LED smart display is the highest revenue-generating segment, while cultural tourism and night economy are integrated to enhance management efficiency [1][2] Group 2: Business Segments LED Smart Display - The company has a marketing strategy focused on comprehensive product and industry coverage, enhancing software and hardware integration capabilities [2][3] - The overseas business accounts for 50% of total revenue, with local employees making up about 20% of the workforce [2] Cultural Tourism and Night Economy - The company participated in 9 out of 20 immersive cultural tourism demonstration cases released by the Ministry of Culture [5] - The segment focuses on four main areas: night economy, digital exhibitions, entertainment performances, and IP cooperation [5] AI and Spatial Computing - The core technology is represented by Optitrack for motion capture, with applications in various industries including robotics and virtual reality [6][7] - The AI segment contributes approximately 5% to total revenue, with over 80% of income coming from the US subsidiary NP [11] Group 3: Financial Performance - Micro LED orders exceeded 600 million CNY, with a year-on-year growth of over 40% [13] - The North American market saw a 50% increase in new orders year-on-year as of August [9] - The Asia, Africa, and Latin America markets maintained a growth rate of over 30% year-on-year as of mid-2025 [10] Group 4: Strategic Initiatives - The company has adopted a "Planar + Leyard" dual-brand strategy to penetrate the overseas market [9] - Future mergers and acquisitions will focus on enhancing operational capabilities and profitability, with a keen eye on market dynamics [12]

Core Insights - The report from Huaxi Securities indicates that Aoto Electronics achieved operating revenue of 530 million yuan in the first three quarters of 2025, representing a year-on-year growth of 13.94% [1] - The company reported a net profit attributable to shareholders of 15.8395 million yuan, which is a significant year-on-year increase of 179.91% [1] - Both revenue and profit have shown growth, while the period expense ratio has decreased significantly [1] Revenue and Profit Growth - In 2025, the company intensified its market expansion efforts, leading to a substantial increase in new orders in advertising, digital content, and film segments [1] - As of September 30, 2025, the total amount of orders on hand and bid amounts reached approximately 550 million yuan [1] Product Development and Delivery - The company continues to focus on Douyin live streaming services and has undertaken multiple virtual studio projects [1] - By September 30, 2025, Aoto Electronics had signed a total of 175 LED movie screen orders, with 71 screens already delivered [1] Investment Rating - The report maintains an "Overweight" rating for the company [1]

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Insights - The company reported a revenue of 530 million yuan for the first three quarters of 2025, representing a year-on-year growth of 13.94%, and a net profit attributable to shareholders of 15.84 million yuan, up 179.91% year-on-year [2] - The significant growth in revenue and profit is attributed to new orders in the film and advertising sectors, alongside improved management leading to a decrease in expense ratios [3][4] - The company has increased its market expansion efforts, resulting in a substantial rise in new orders across various sectors, with total new orders reaching 693 million yuan, a year-on-year increase of 29.94% [4] Summary by Sections Revenue and Profit Growth - The company achieved a revenue growth primarily due to new orders in the film and advertising sectors, with a notable decrease in expense ratios contributing to the increase in net profit [3] - The sales expense ratio decreased by 4.31 percentage points to 14.88%, management expense ratio decreased by 2.58 percentage points to 9.17%, and R&D expense ratio decreased by 2.27 percentage points to 9.26% [3] Order Growth and Market Expansion - The company signed new orders worth 693 million yuan in the first three quarters, with overseas orders growing by 45.53% to 285 million yuan and domestic orders increasing by 20.89% to 408 million yuan [4] - The film industry saw a remarkable increase in new orders of approximately 272 million yuan, up 132.74%, while the advertising sector's new orders reached about 119 million yuan, a growth of 360.66% [4] Investment Recommendations - The report maintains an "Accumulate" rating, with adjusted revenue forecasts for 2025-2027 set at 720 million, 900 million, and 1.04 billion yuan respectively, and net profits projected at 40 million, 80 million, and 100 million yuan [6]