TIANMA(000050)2025-01-13 01:12Group 1: Business Performance - The company's overall revenue remained stable, with the automotive display business accounting for approximately 35% of revenue, showing a year-on-year growth of over 40% [2][3] - The smartphone display business, particularly the TM17 AMOLED segment, contributed over 20% to revenue, with a year-on-year increase exceeding 25% [2][3] Group 2: Automotive Display Sector - The company maintained the top market share in the global automotive display sector, with significant growth in the HUD (Head-Up Display) segment, achieving a year-on-year revenue increase of over 40% [3] - The LTPS (Low-Temperature Polycrystalline Silicon) technology in automotive displays saw a remarkable year-on-year revenue growth of over 250% [3] Group 3: Future Development Plans - The company aims to enhance its competitive edge in the flexible AMOLED smartphone display market by increasing the proportion of high-end products and strengthening partnerships with flagship clients [4] - The Micro-LED business is focused on automotive and splicing display applications, with plans for small batch production by the end of 2025 [5] Group 4: Non-Display Applications - The company is developing non-display applications based on panel technology, including smart antennas and flexible sensors, which are currently in the incubation phase [8] Group 5: Profitability Improvement - The overall gross margin showed a sequential improvement, driven by continuous product specification enhancements and cost reduction efforts, particularly in the flexible AMOLED smartphone display segment [9] Group 6: Strategic Development Framework - The company adheres to a "2+1+N" development strategy, focusing on mobile and automotive displays as core businesses, while positioning IT displays as a key growth area [10][11]