LONGLI(SZ:300752)2025-05-09 11:18Financial Performance - In 2024, the company achieved a revenue of CNY 1.32 billion, a year-on-year increase of 28.64%, and a net profit of CNY 106 million, up 132.90% [2] - In Q1 2025, the company reported a revenue of CNY 340.73 million, a 15.18% increase year-on-year, and a net profit of CNY 30.61 million, growing by 51.88% [2] Business Strategy - The company has established a "1+2+N" diversified business layout, focusing on core areas: 1) Consumer electronics (mobile phones, tablets, laptops), 2) Rapidly growing automotive display business, and 3) New potential growth areas such as AR/VR displays and precision components [3][10] - The automotive display sector is expected to grow significantly due to the increasing demand for new display technologies like Mini-LED [6][10] Research and Development - The company has applied for a total of 543 patents, including 155 invention patents, with 417 granted [5] - Ongoing R&D projects include innovations in Mini-LED technology for automotive and VR applications, as well as advancements in LIPO technology for OLED displays [4][8] Market Demand - The recovery of the macro economy and consumer demand is positively impacting the consumer electronics sector, with steady growth in revenue from mobile phones, tablets, and laptops [6] - The growth of the electric vehicle market is driving demand for automotive displays, with the company positioned as a leader in Mini-LED technology [6][10] ESG Initiatives - The company is committed to integrating ESG principles into its development strategy, focusing on sustainable practices and social responsibility [9] Stock Performance and Investor Relations - The company has implemented stock buyback plans and employee stock ownership programs to enhance shareholder value [13] - The management acknowledges the volatility in stock prices and emphasizes ongoing communication with investors to improve value perception [13]