2025-06-11 15:49Summary of LIPO Technology Conference Call Industry and Companies Involved - Industry: LIPO technology in OLED screen packaging - Companies: 隆利科技 (Longli Technology), 德邦科技 (Debang Technology) Key Points and Arguments 1. LIPO Technology Overview: LIPO technology enhances smartphone screen drop resistance with ultra-narrow bezels of 1.2 to 1.3 mm, reducing the previous black border of over 2 mm. This technology is applicable to smartphones, smartwatches, and tablets [1][2] 2. Cost Efficiency: The cost of LIPO technology for Android devices is approximately 20 to 30 RMB per set, making it a cost-effective solution that replaces older processes [1][3] 3. Market Penetration: It is anticipated that LIPO penetration in OLED screens could exceed 50% within the next two to three years, potentially reaching 70-80%. Major Android flagship models are expected to adopt LIPO technology in 2025 [1][5] 4. Competitive Advantage of Companies: 隆利科技 and 德邦科技 are highlighted as key players in the LIPO technology space, with 隆利科技 excelling in mold development and 德邦科技 leading in high-end packaging materials [1][7][13] 5. Apple's Adoption: Apple began testing LIPO technology in 2021 and is progressively implementing it across its iPhone 17 series, which will utilize this packaging method [1][5] 6. Android Brands' Adoption: Xiaomi and OPPO have already integrated LIPO technology into their upcoming models, with positive market feedback [1][5] 7. Industry Opportunities: The LIPO packaging process involves suppliers of photosensitive adhesive materials, injection molding equipment, and testing devices, presenting significant growth opportunities for these manufacturers [1][6] 8. Role of Key Suppliers: In Apple's supply chain, companies like 立讯精密 (Luxshare Precision) and screen manufacturers such as 京东方 (BOE) and 华星光电 (CSOT) play crucial roles in the LIPO technology ecosystem [1][8] 9. Material and Equipment Requirements: LIPO technology requires specialized equipment and materials, particularly photosensitive adhesives, which have a price range of 2 to 4 RMB per unit. Key suppliers include 德邦科技 and 汉高 (Henkel) [1][9] 10. Future Growth Projections: 隆利科技 is expected to maintain over 50% annual growth in its vehicle-mounted MINI backlight module business, while 德邦科技 forecasts an annual profit of 170 million RMB, indicating strong growth potential for both companies [1][16] Other Important Considerations 1. Mold Development: Molds are critical in the LIPO process, with 隆利科技 having significant experience and capabilities in this area, which positions them favorably in the market [1][12] 2. Collaboration Potential: Both 隆利科技 and 德邦科技 may expand their market share through collaborative efforts, leveraging their respective strengths in mold development and high-end packaging materials [1][15] 3. Technological Trends: The LIPO technology is expected to see rapid adoption starting in 2025, marking a pivotal year for both companies as they capitalize on this trend [1][14]