LONGLI(300752)2025-05-29 08:16Group 1: Market Trends - In 2024, total automobile sales in China are projected to reach 31.436 million units, a year-on-year increase of 4.5%, with new energy vehicle sales expected to hit 12.866 million units, growing by 35.5% [2] - The penetration of smart driving and autonomous driving technologies is increasing, leading to higher user demands for in-car displays in terms of quality, resolution, size, and quantity [2] - The market for in-car displays is anticipated to experience rapid growth, driven by the adoption of Mini-LED display technology and an increase in the number of screens from a single central display to multiple types [2] Group 2: Company Positioning - The company is a leading player in Mini-LED backlight display technology, possessing significant advantages in technology reserves, patents, and mass production capabilities [2] - The company aims to leverage its first-mover advantage in Mini-LED technology to accelerate business development [2] Group 3: Consumer Electronics Demand - The consumer electronics sector is showing signs of recovery, with the company’s mobile phone, tablet, and notebook businesses gradually improving and gaining recognition from major clients such as BOE, TCL Huaxing, and others [3] - The company’s profitability in the consumer electronics segment is on the rise, supported by its strong quality and technological capabilities [3] Group 4: Technological Innovation Strategy - The company adheres to a "technology-driven" business philosophy and focuses on core products while increasing R&D investment through a "1+2+N" diversified layout [3] - New projects in Mini-LED technology are being developed, including ultra-thin high-color-gamut display modules and innovative solutions for automotive applications [3] - The company is advancing LIPO process innovations and developing new OLED technologies to enhance its competitiveness in the OLED display market [3] - The company is also exploring new product technologies in response to the AI+ trend, including AI glasses and AR optical systems [3]