TIANMA(000050)2025-02-11 06:50Revenue Performance - The company's revenue from the automotive display business accounted for approximately 35% of total revenue in the first three quarters of 2024, with a year-on-year growth of over 40% [1] - The flexible AMOLED smartphone display business, particularly the TM17 model, contributed over 20% to the smartphone display revenue, with a year-on-year increase of over 25% [1] Profit Improvement - The overall gross margin improved due to continuous product specification enhancements, structural optimization, and cost reduction efforts [2] - The flexible AMOLED smartphone display business achieved positive gross profit in Q3 2024, contributing to the overall profit improvement [2] Automotive Display Business Growth - The automotive display market is experiencing sustained growth driven by the rise of new energy vehicles and increasing penetration of intelligent cockpits [3] - The company holds the top market share in the global automotive display sector and has seen a year-on-year revenue growth of over 40% in this segment [3] - LTPS technology in automotive displays has seen a revenue increase of over 250% year-on-year [3] Strategic Development - The automotive display business is a core part of the company's "2+1+N" development strategy, supported by advanced production lines [4] - The company aims to diversify its automotive display business through traditional automotive displays, automotive electronics, and new energy vehicle sectors [4] Flexible OLED Smartphone Business - The flexible OLED smartphone business maintained rapid growth, with a year-on-year increase of approximately 76% in panel shipments [5] - The company plans to enhance its competitive edge by focusing on flagship and high-end product innovations [6] Pricing Trends - The average price of flexible OLED smartphone panels has stabilized in 2024, with expectations of dynamic changes based on external demand and specifications [7] New Production Lines - The new production lines (TM19 and TM20) are progressing well, with initial product deliveries already made [8] - The Micro-LED production line is expected to achieve small batch capabilities by the end of 2025 [8] IT Display Business Strategy - The IT display business is a rapidly growing segment, supported by the LTPS-LCD production line and new technology investments [9] - The company aims to enhance its competitiveness through diverse technology solutions and improved customer retention [9] LTPS Production Line Development - The LTPS production line is diversifying its product offerings, with a focus on non-mobile display products, which now account for over 60% of LTPS total revenue [11]