Group 1: Technology Overview - The main technologies for dimming films are PDLC (Polymer Dispersed Liquid Crystal), SPD (Suspended Particle Device), and EC (Electrochromic) [2] - PDLC offers only two states (transparent and semi-transparent), has high energy consumption, and is less effective in heat insulation and UV protection, but is cost-effective and privacy-friendly [2] - EC technology allows reversible changes in optical properties under an electric field, providing better energy efficiency and safety, making it suitable for automotive applications [2] - SPD has good heat insulation and UV protection but suffers from high power consumption and requires safety measures due to high driving voltage [2] Group 2: Market Insights - In 2024, the penetration rate of panoramic roofs in new energy vehicles reached 14.4%, an increase of 7.7 percentage points year-on-year, with a standard installation rate of 28.6%, up by 11.6 percentage points [2] - The company's dimming films primarily utilize EC technology, which dominates the market due to its superior heat insulation and safety features [2] Group 3: Business Performance - The overall order volume and pricing for traditional ITO conductive films remain stable, with a shift towards more customizable "external" solutions for high-demand projects [3] - The low-resistance ITO conductive films are expected to see growth in the gaming industry, although this is not sufficient to offset declines in the mobile phone sector [3] Group 4: Product Development - The company is actively supporting clients in the development of smart wearable products, including AI glasses, but has not yet achieved sales in this area [3] - The AR optical film, which enhances display transparency and contrast, is primarily dominated by Japanese and Korean manufacturers, although domestic companies are making technological advancements [3] Group 5: Client Relationships - The company supplies dimming conductive films to downstream electrochromic manufacturers, who then provide the finished products to glass manufacturers [3]
日久光电(003015) - 003015日久光电投资者关系管理信息20250707