Exciton(SZ:300566)2024-08-23 12:38Group 1: Company Overview - The company focuses on precision coating technology and has developed new products based on proprietary formula and clean production technology [3] - It is one of the earliest manufacturers of optical films in China, emphasizing the development of high-end optical films such as composite films and quantum dot films [3] - The company has successfully achieved mass production of various optical composite films, including LOP, POP, DOP, and DPP [3] Group 2: Financial Performance - In the first half of 2024, the company achieved operating revenue of 111,888.21 million yuan, a year-on-year increase of 14.53% [4] - The net profit attributable to the parent company was 12,457.45 million yuan, representing a significant growth of 149.26% compared to the same period last year [4] - The net profit after deducting non-recurring gains and losses was 10,114.22 million yuan, up 245.46% year-on-year [4] Group 3: Market and Product Development - The company entered the photovoltaic backsheet industry in 2018, with significant sales growth in recent years, primarily serving leading component manufacturers [3][5] - The company has developed high-value new products in the photovoltaic sector, including gap reflective films, which have been certified and delivered to major component companies [5] - The cumulative shipment of gap reflective films in the first half of the year can meet approximately 5GW of installed capacity, with a gradually increasing market share [5] Group 4: Future Outlook - The company is optimistic about the application of new display technologies in consumer electronics and automotive products, expecting growth in sales of high-end optical films [4] - The company plans to continue optimizing the product structure of optical films and enhancing production efficiency to drive profit growth [4] - New products in the pipeline include Mini-LED direct display OBA glue, wide-angle films, and quantum dot optical films for automotive applications [4]