Core Viewpoint - The company is holding a shareholder meeting to discuss several key proposals, including the completion of fundraising projects and changes to its governance structure [1][5][10]. Group 1: Meeting Details - The shareholder meeting is scheduled for September 12, 2025, at 14:00, located at 9936 Hong 15th Road, Qiantang District, Hangzhou [4]. - Voting will be conducted through both on-site and online methods, with specific time slots for each [3][4]. - Participants must register and adhere to the meeting rules to maintain order and efficiency [1][2][4]. Group 2: Proposals - Proposal 1 involves the completion of the "Sichuan Grinda 100kt/a Electronic Materials Project (Phase I)" and the permanent allocation of remaining fundraising funds to supplement working capital, totaling RMB 36.18 million [5][10]. - Proposal 2 suggests the cancellation of the supervisory board, transferring its powers to the audit committee of the board of directors, and revising the company's articles of association accordingly [10][11]. - Proposal 3 focuses on revising and establishing internal governance systems to enhance operational standards and compliance with legal requirements [11][12]. Group 3: Fundraising and Project Status - The company raised a total of RMB 544.20 million through its initial public offering, with a net amount of RMB 503.31 million after deducting issuance costs [7]. - The fundraising was allocated to specific projects, with a total investment of RMB 529.27 million planned, of which RMB 503.31 million was to be funded by the raised capital [8]. - The completion of the project has led to cost savings and efficient resource management, allowing for the proposed reallocation of surplus funds [9][10].

Core Viewpoint - The DIC EXPO 2025 showcased innovative display technologies and applications from various companies, highlighting advancements in display panels, materials, and equipment across multiple sectors including consumer electronics, medical, and automotive [1][140]. Panel Companies - BOE introduced the UB Cell display technology, which enhances image quality and power efficiency through AI integration, applicable in TVs, monitors, and notebooks [2]. - BOE's 31.5-inch 4K medical display meets DICOM800 standards with over 100% NTSC color coverage and a contrast ratio of 2000:1 [4]. - TCL Huaxing presented the world's first mass-produced under-screen camera OLED laptop display with a 98% screen-to-body ratio and 4K resolution [15]. - TCL Huaxing's 27-inch 4K 120Hz printed OLED monitor features a peak brightness of 600 nits and a DCI-P3 color gamut of 99% [17]. - HKC showcased the world's first 800Hz ultra-high refresh rate display [22]. Display Materials and Equipment - Corning displayed advanced glass solutions, including a 57-inch 8K curved gaming screen with a 240Hz refresh rate [76]. - North Huachuang presented magnetic sputtering coating equipment for LCD and touch screens, essential for transparent conductive films [57]. - Koyun Laser introduced precision repair equipment for LCD and OLED displays, enhancing production quality [60]. Emerging Technologies - Visionox exhibited a flexible AMOLED solution with high efficiency and color purity, marking a significant advancement in display technology [31]. - Tianma Microelectronics showcased a 16-inch 480Hz gaming panel, pushing the boundaries of refresh rates in laptops [47]. - Longteng Optoelectronics presented a 14-inch AI dynamic privacy display, allowing users to switch between wide and narrow viewing angles [48]. Conclusion - The DIC 2025 highlighted the latest developments in display technology, showcasing innovations in high refresh rates, high resolutions, and flexible displays, indicating a new phase of growth in the display industry [140].

Core Viewpoint - The company, Hangzhou Grinda Electronic Materials Co., Ltd., has released its 2024 annual report summary, highlighting its financial performance, business operations, and future development plans. Company Overview - Hangzhou Grinda specializes in the research, production, and sales of ultra-pure wet electronic chemicals, which are essential in the manufacturing processes of display panels, semiconductors, and solar cells [6][17]. - The company has established a comprehensive procurement and production system, along with strong product design and development capabilities, positioning itself as a leading domestic manufacturer in the wet electronic chemicals sector [6][16]. Industry Development Outlook - The wet electronic chemicals industry is supported by national policies aimed at enhancing the competitiveness of domestic enterprises in the sector [7][8]. - The demand for wet electronic chemicals is expected to grow significantly due to the rapid development of downstream industries such as semiconductors and display panels [10][15]. - The global market for large-sized LCD panels is projected to see a 5.1% increase in shipment volume in 2024, indicating a recovery in the display industry [11]. Financial Performance - In the reporting period, the company achieved operating revenue of 656.05 million yuan, a decrease of 5.65% year-on-year, and a net profit attributable to shareholders of 146.25 million yuan, down 16.46% from the previous year [18]. - The company plans to distribute a cash dividend of 2.20 yuan per 10 shares, amounting to a total of approximately 43.90 million yuan, with a cash dividend ratio of 30.02% [4][5]. Market Opportunities - The domestic market for high-end wet electronic chemicals is expected to expand as local companies enhance their product quality and capabilities, leading to a trend of import substitution [16]. - The development of the digital economy in China is anticipated to drive growth in the new display and integrated circuit industries, creating significant market opportunities for related materials and equipment companies [15].