Mini LED 显示驱动 IC

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探路者20250625
2025-06-26 14:09
Summary of the Conference Call for Tanshan Technology Industry and Company Overview - The conference call focuses on Tanshan Technology's chip business, which generated approximately 222 million yuan in revenue for 2024, accounting for less than 20% of total revenue, but contributed about 30% to the net profit attributable to shareholders, indicating strong profitability in the chip sector [2][6][23]. Key Points and Arguments - **Chip Business Expansion**: Tanshan Technology plans to pursue external mergers and acquisitions in the chip sector through a "stock plus cash" approach, aiming to acquire its fourth and fifth targets, demonstrating a commitment to expanding its chip business [2][7][23]. - **Collaboration with G2Touch**: The company is collaborating with G2Touch on OLED automotive touch ICs, with a significant milestone expected in July 2025 when the product will be mass-produced for Ferrari models, marking a key advancement in the automotive touch sector [2][10][12]. - **Market Potential in New Energy Vehicles**: Tanshan Technology is optimistic about the multi-screen trend in new energy vehicles, predicting substantial demand for screens in the Chinese market, which could provide extensive growth opportunities for its automotive touch IC business [2][11][12]. - **Strategic Partnerships**: The company is actively collaborating with domestic OLED platforms such as BOE, Visionox, and Tianma, as well as expanding into overseas markets through partnerships with Samsung, indicating a proactive approach to establishing a foothold in the automotive touch industry [2][12][15]. Additional Important Insights - **Mini LED Market Strategy**: Tanshan Technology is focusing on the Mini LED market, with a dual strategy involving backlight and direct display applications. The company aims to penetrate the Xiaomi TV supply chain to enhance revenue from Mini LED chips, despite currently low market penetration [3][20]. - **Future Growth in Mini LED**: The global shipment of Mini LED TVs is expected to reach 12 to 15 million units in 2024, although the overall penetration remains low compared to the total TV production of approximately 200 million units [3][20]. - **Acquisition Strategy**: The company is targeting acquisitions in the chip sector, particularly in the display field, to enhance its revenue share from chips to 50%, with a goal of achieving over 50% profit contribution from this segment [23]. - **Technological Landscape**: The global chip industry, particularly in the touch IC sector, is characterized by intense competition, with major players holding significant market shares. Tanshan Technology is positioned to leverage its technology and partnerships to capture market share [21][22]. Conclusion Tanshan Technology is strategically positioning itself in the chip industry, particularly in automotive applications and Mini LED technology, with a clear focus on growth through acquisitions and partnerships. The company's optimistic outlook on the new energy vehicle market and its proactive approach to expanding its product offerings suggest a strong potential for future growth and profitability in the chip sector.