(4)斯迪克：公司拥有OCA离型膜、MLCC离型膜、偏光片离型膜等，已建成并投产3条进口PET光学膜 拉膜线及10条进口离型膜生产线，离型膜几乎全部自制，具备较高光学性能要求的PET基膜部分外购， 部分自制。 (二)光学级PVA膜、TAC膜：主要由日本可乐丽、日本合成化学、日本富士胶片等供应。国产厂商方 面，(1)皖维高新：公司是中国内地唯一一家批量生产销售PVA光学薄膜的生产商，目前拥有两条PVA光 学薄膜生产线(500+700万平方米)，投资新建2000万平方米/年TFT偏光片用宽幅PVA光学薄膜项目。 (2)乐凯胶片：公司拥有年产能800万平方米的TN/STN型TAC膜产线，当前处于满产状态。该产线2024 年实现营收7,818.84万元，处于盈利状态。公司TAC膜3#生产线于2025年7月建成(年产能2400万平方 米)，有望逐步实现中高端光学TAC膜批量化生产。 (2)洁美科技：公司加速中高端MLCC离型膜、多种用途离型膜等市场开拓，已在国巨、华新科、风华高 科、三环集团等采用自制基膜稳定批量供货，并在宇阳科技、微容电子等完成了导入工作，顺利完成韩 日系大客户(三星、村田)的验证和批量供货。 (3) ...

2026 年 01 月 09 日 开源晨会 0109 ——晨会纪要 数据来源：聚源 -20% 0% 20% 40% 60% 80% 2025-01 2025-05 2025-09 沪深300 创业板指 昨日涨跌幅前五行业 | | | 【化工】商务部启动对日反倾销调查，看好高端膜材国产替代——高端膜材料行 | | --- | --- | --- | | 昨日涨跌幅前五行业 | | 业点评报告-20260108 | | 行业名称 | 涨跌幅(%) | 【电子】台积电 量产提速，全球共振打开 和设备空间——行业点评报 2nm Fab | | 国防军工 | 4.177 | 告-20260108 | | 传媒 | 1.996 | 【电子】供应链安全事件催化，半导体材料/设备自主可控有望提速——行业点评 | | 建筑装饰 | 1.761 | 报告-20260108 | 【农林牧渔：生物股份(600201.SH)】非瘟亚单位疫苗全球首发在即，创新龙头成 长动能强劲——公司深度报告-20260108 数据来源：聚源 昨日涨跌幅后五行业 | 行业名称 | 涨跌幅(%) | | --- | --- | | 非银金融 | -2.8 ...

协议约定，安徽吉光的注册资本将由人民币3.69亿元增加至4.33亿元。在此次增资中，天禄科技 作为控股股东以货币形式追加投资4333万元，认购新增注册资本3780.53万元；新进投资者元禾 原点以货币形式投资3000万元，认购新增注册资本2617.49万元。本次增资定价依据为每1元注 册资本对应1.146元。 交易完成后，安徽吉光的股权结构将发生变动。天禄科技的持股比例将由增资前的56.0046%提升 至56.4603%，继续保持控股地位并将安徽吉光纳入合并报表范围。元禾原点将持有安徽吉光 6.0450%的股份。 原股东深圳市三利谱光电科技股份有限公司、天津显智链投资中心、北京电控产业投资有限公司 等虽然放弃了本次优先认购权，但仍保留相应股东权益，持股比例因总股本扩大而相应调整。 | 股东姓名 | 本次增资前持股情况 | | 本次增资后持股情况 | | | --- | --- | --- | --- | --- | | | 认缴出资额 | 持股比例 | 认缴出资额 | 持股比例 | | | (元) | (%) | (元) | (%) | | 苏州天禄光科技股份有限公司 | 206,670,000.00 | 5 ...

格隆汇12月17日丨天禄科技(301045.SZ)在投资者互动平台表示，公司控股子公司安徽吉光的TAC膜业 务正常推进中。 ...

证券日报网讯 12月16日，乐凯胶片在互动平台回答投资者提问时表示，公司TAC膜产能3200万平米， 其中2400万平米尚处于试生产阶段，暂无综合产能利用率数据。 （文章来源：证券日报） ...

Core Viewpoint - Tianlu Technology has announced that the construction of the TAC film project facility is nearing completion, with major equipment expected to arrive in the first half of 2026 [1] Group 1: Project Development - The main equipment for the TAC film project is scheduled to arrive in the first half of 2026, after which debugging and trial production will commence [1] - Laboratory-produced trial films have been sent to downstream partners for testing, with results showing no significant differences from the internal tests conducted by Anhui Jiguang [1] Group 2: Testing and Validation - The testing process is primarily aimed at verifying the impact of different methods on thickness, light transmittance, haze value, tensile properties, and UV resistance, rather than demonstrating Anhui Jiguang's capability for mass production [1] - Currently, no pre-orders or sales agreements have been signed [1]

天禄科技（301045.SZ）12月5日在投资者互动平台表示，TAC膜项目已完成主要生产设备的订购工作， 重点推进厂房建设及跟进设备交货进度等工作。目前厂房建设已进入尾声，主要设备预计在2026年上半 年陆续到场。 每经AI快讯，有投资者在投资者互动平台提问：请问公司TAC膜项目目前核心设备是否已经在运输途 中，传闻年前会到货调试安装是否属实，请正面回答！ （记者 王晓波） ...

格隆汇11月18日丨天禄科技(301045.SZ)在投资者互动平台表示，TFT型偏光片用TAC膜供应商以日韩企 业为主，尤其日本厂商的份额约80%，目前中国大陆TFT级TAC膜基本依赖进口。公司于2023年设立了 子公司安徽吉光，已引入位于TAC膜产业链下游的三利谱、显智链、北京电控产投以及毅鸣、毅司等股 东，联合产业各方合力打破日韩对TAC膜的垄断，助力我国面板产业链的自主可控。目前TAC膜项目已 完成主要生产设备的订购工作，重点推进厂房建设及跟进设备交货进度等工作。 ...

Core Viewpoint - Tianlu Technology (301045.SZ) is addressing the reliance on imported TAC film for TFT polarizers, with Japanese companies holding approximately 80% market share, by establishing a subsidiary to enhance domestic production capabilities [1] Group 1: Company Developments - The company has established a subsidiary, Anhui Jiguang, to collaborate with various stakeholders in the TAC film industry chain to break the monopoly held by Japanese and Korean firms [1] - The TAC film project has completed the procurement of major production equipment and is focusing on factory construction and monitoring equipment delivery progress [1] Group 2: Industry Context - The current supply of TFT-grade TAC film in mainland China is heavily dependent on imports, highlighting a significant opportunity for domestic production [1] - The involvement of downstream partners such as Sanlipu, Xianzhi Chain, Beijing Electric Control Investment, and others indicates a collaborative effort to strengthen the domestic supply chain [1]

Core Viewpoint - Tianlu Technology (301045) demonstrated strong profitability and operational resilience in Q3 2025, achieving a net profit of 10.099 million yuan, a significant year-on-year increase of 106% despite industry cyclical adjustments and external challenges [1][2]. Financial Performance - In Q3 2025, the company reported an operating income of 151 million yuan, with a notable increase in net profit and a 125.87% growth in non-recurring net profit, indicating substantial improvement in core business profitability [2]. - The net cash flow from operating activities surged to 90.6104 million yuan, reflecting a year-on-year increase of 468.16%, showcasing effective capital turnover and cost control [2]. - As of September 30, 2025, total assets reached 1.486 billion yuan, a 9.28% increase from the previous year, while equity attributable to shareholders grew by 3.07% to 1.025 billion yuan [2]. Strategic Initiatives - The company has extended its focus beyond light guide plates to adjacent segments in the display industry, establishing Anhui Jiguang New Materials Co., Ltd. to specialize in the research, production, and sales of TAC film [3]. - TAC film is a critical raw material for display panels, playing a vital role in protecting polarizers and adjusting optical properties, positioning the company for a "second growth curve" [3]. R&D and Capacity Expansion - Tianlu Technology has maintained steady R&D investment, with expenses reaching 26.7604 million yuan, reflecting a commitment to technological innovation [4]. - The ongoing construction projects have increased by 45.09% since the beginning of the year, primarily due to the continuous advancement of optical plate and TAC film projects, indicating future capacity release and product structure optimization [4]. - Analysts note that the company has achieved counter-cyclical growth in a complex market environment, with improved cash flow and asset structure, making its future performance in high-end display materials promising [4].