Shaanxi Lighte Optoelectronics Material (SH:688150)2024-01-12 10:31Group 1: OLED Material Development - The company is continuously enriching its product structure for OLED terminal materials and functional materials, focusing on key colors: Red Prime, Green Host, and Blue Host materials [1][2]. - The company has established long-term cooperation with overseas clients for deuterated products, significantly impacting its OLED intermediate business [2]. Group 2: Market Share and Cost Impact - According to OLED Industry data, Red Prime materials account for approximately 12% of the OLED organic material procurement cost, while Green Host materials account for about 10%. The combined share of Red Host, Green Prime, Blue Prime, and Blue Host materials exceeds 23% [2]. - The Chinese OLED organic materials market is projected to grow from CNY 3.36 billion in 2021 to CNY 10.9 billion by 2025 [2]. Group 3: Patent and Innovation - The company has applied for a total of 733 patents, with 229 granted, covering various OLED material layers, ensuring strong patent protection in regions including China, the US, Europe, South Korea, and Japan [3]. - The barriers to entry in OLED terminal materials include high innovation requirements, lengthy client verification processes, and the need for continuous R&D capabilities [3]. Group 4: Production Capacity and R&D - The current production capacity is 3 tons per year, with plans to expand to 15 tons per year through ongoing projects [3][4]. - The R&D team consists of 95 members, accounting for 28.79% of the total workforce, emphasizing the company's commitment to innovation and talent development [3].