| | 特定对象调研 | | □分析师会议 | | | --- | --- | --- | --- | --- | | 投资者关系活 动类别 | □媒体采访 | | □业绩说明会 | | | | □新闻发布会 | | □路演活动 | | | | □现场参观 国源信达 | 史江辉 | □其他 浙商证券 | 谭凌岚 | | | 东方红资管 张俊生、牟倍萱 | 陆嘉余 | 天宸投资 | | | | 海乘投资 | 林福海 | 恒生前海 | 龙江龙 | | | 华福电子 | 李琦 | 惠通基金 | 王青晨 | | 参与单位名称 | 太平资产 | 王紫艳 | 海富通 | 曲奕合 | | 及人员姓名 | 泰康基金 | 黄成扬 | 国金基金 | 多飞帆 | | | 国寿安保 李敬尧、邓跃辉 | 撒伟旭 | 睿亿投资 | | | | 诺安基金 | 黄友文 | 东方基金 | 梁忻 | | | 万家基金 | 黄兹睿 | 长盛基金 | 郭堃 | | | 兴银基金 王志光 | 翁公羽 | 产业投资人 | | | 杨连时间 | 2025年8月22日 | | | | | 地点 | 惠州市仲恺高新区陈江街道渡头路199号、电话会议 | | ...

Core Viewpoint - Longli Technology (300752.SZ) has received high recognition for its LIPO technology products, which are gradually entering mass production [1] Group 1 - The company is advancing its LIPO technology and is focused on technology upgrades, yield improvements, and the introduction of more customer certifications [1] - Certain products and projects are subject to confidentiality agreements, limiting the information that can be disclosed [1] - The company aims to accelerate the development of its LIPO business in the future [1]

Group 1: LIPO Technology Market Outlook - LIPO technology enhances the structural strength and sealing of OLED modules, improving screen-to-body ratio and product reliability [1] - Omdia data predicts that the shipment of small and medium-sized OLEDs will exceed 1 billion units in 2025, covering devices like smartphones and smartwatches [1] - Apple's early adoption of LIPO technology is expected to drive rapid penetration and new market demand [1] Group 2: LIPO Business Progress - The company is in the mass production phase of LIPO technology products, benefiting from early market positioning and demand [1] - Continuous investment and capacity ramp-up are underway, with a focus on technology upgrades and customer certifications [1] Group 3: Automotive Display Business Development - The acceleration of new energy vehicles and the rise of intelligent cockpit penetration are driving demand for new display technologies like Mini-LED [2] - The company has established partnerships with major Tier 1 automotive clients and end customers, including BYD and NIO, marking a rapid development phase for its automotive business [2] - Future efforts will focus on leveraging technological advantages to expand Mini-LED applications and accelerate business growth [2]

Group 1: Business Overview - The company's in-vehicle display business is experiencing rapid growth due to the increasing penetration of smart cockpits and the demand for advanced display technologies such as Mini-LED [2] - The global in-vehicle display market is showing a stable upward trend, indicating significant market potential [2] - The company aims to leverage its first-mover advantage in Mini-LED technology to expand its market presence and accelerate business growth [2] Group 2: LIPO Business Development - The company's LIPO technology has entered mass production, benefiting from early market positioning and increasing demand [2] - Currently, the LIPO business is in a phase of continuous investment and capacity ramp-up [2] - Future efforts will focus on technology upgrades, yield improvements, and customer certifications to further advance the LIPO business [2] Group 3: Investor Relations Activity - The investor relations activity on July 18, 2025, did not involve any undisclosed significant information [3] - The meeting was attended by various investment firms and company representatives, including the Vice President and Board Secretary [2]

Group 1: LIPO Technology and Mini-LED Products - The company's LIPO technology products have received high recognition from clients after three years of R&D and validation, and are now entering mass production, which is expected to positively impact company performance [2] - The Mini-LED technology is rapidly being adopted in automotive displays, with partnerships established with tier 1 clients such as Continental, Faurecia, and Visteon, as well as end customers like BYD, NIO, and Geely, indicating a fast-growing automotive business [3] Group 2: AI Technology and Market Trends - The rapid development of AI technology is driving new market opportunities in smart hardware, with the company actively investing in R&D for emerging products like AR glasses and Micro-LED technology [3] - The demand for precision structural components is expected to increase as electronic devices trend towards lightweight and integrated designs, providing new growth opportunities for the company [3] Group 3: LCD Industry Outlook - The recovery of the macro economy and consumer demand is leading to a resurgence in the consumer electronics sector, with a growing need for intelligent, thin, large, interactive, and ultra-high-definition screens [3] - The traditional LCD display market is anticipated to continue its steady and healthy development due to ongoing domestic and international demand growth and industry optimization [3]

Group 1: AR/VR and Display Technology - The company has made significant advancements in AR/VR display products, with its Mini-LED+VR technology gaining high recognition from clients like Meta and Pico, leading to mass production in 2022 [2] - The company is also developing AR glasses optical systems using Micro-LED and waveguide technology, anticipating rapid growth in the smart wearable market as industry giants accelerate their strategies [2] Group 2: LIPO Technology and OLED Innovations - LIPO technology, an innovation in OLED screen processes, is expected to see a rapid increase in penetration, driven by demand from major clients like Apple, with the company starting its development in 2022 [2] - The company is actively upgrading LIPO technology and exploring applications in OLED folding screen hinges, which is projected to positively impact company performance as it enters mass production [2] Group 3: Automotive Partnerships - The company has successfully supplied its display products for key automotive clients, including a 14.6-inch central control screen for Geely's Xingyuan and a 15.6-inch screen for XPeng's MONA M03 [3] - Future plans include deepening and broadening collaborations with these automotive clients to enhance product offerings [3]