南极光(300940) - 300940南极光投资者关系管理信息20250617

Group 1: Company Strengths and Market Position - The company has become the exclusive backlight supplier for Nintendo Switch 2 due to its "technological leadership" and "manufacturing cost advantages" [2] - The selection logic for suppliers by Nintendo follows the "performance-reliability-cost" triangle, which the company meets through its unique ultra-thin LGP technology, high yield rates, and efficiency [2][3] - The company is the only certified LCD backlight module supplier for Switch 2, with stable delivery achieved [6] Group 2: Product and Technology Development - The Switch 2 features a 7.9-inch wide color gamut LCD display with a resolution of 1920x1080 and a refresh rate of 120Hz, supporting HDR10 and variable refresh rate (VRR) [3] - The company is focusing on new consumer trends and electronic iterations, particularly in gaming and outdoor wearables, to build differentiated competitiveness [7] - The company has completed the R&D project for "ultra-thin, uniformly lit Mini-LED backlight technology," with applications in smart wearables and automotive displays [10] Group 3: Financial Performance and Projections - The company expects continuous improvement in performance for Q1 2025 due to increased volume from core customers and ongoing cost-reduction measures [4] - Nintendo projects a 63.1% increase in revenue for the fiscal year 2026, with a sales target of 15 million units for Switch 2, which will significantly boost the company's revenue [5][6] - The company anticipates an increase in capacity utilization in the second half of 2025 as demand for Switch 2 backlight modules rises [8] Group 4: Strategic Direction and Future Plans - The company aims to deepen its core business while exploring AI and quantum technology to establish a second growth curve [10] - The company is expanding its overseas market presence, responding to customer demands for local support [10] - The management team expresses confidence in the company's long-term development, with no immediate plans for major shareholder sell-offs [9]