Jilin OLED(SH:688378)2024-05-06 07:44Financial Performance - In 2023, the company achieved a revenue of 3.18 billion yuan, representing a year-on-year growth of 50.37% [3] - The net profit for 2023 was 755.1 million yuan, a decrease compared to the previous year [3] - In Q1 2024, the company reported a revenue growth of 6.99%, with material business revenue increasing by 95.64% quarter-on-quarter [3] Research and Development - The R&D investment for 2023 was 122 million yuan, an increase of 25.94%, accounting for 23.63% of total revenue [4] - In Q1 2024, R&D investment was 31.28 million yuan, a growth of 6.68%, representing 12.11% of revenue [4] Dividend Policy - From 2020 to 2022, the company implemented cash dividends totaling 286 million yuan, which accounted for nearly 90% of the net profit attributable to shareholders over three years [4] - For 2023, the proposed cash dividend is 119 million yuan, which is 97.28% of the net profit attributable to ordinary shareholders [4] Market Position and Strategy - The company’s materials business includes organic light-emitting terminal materials and film packaging materials, with a focus on next-generation light-emitting materials [5] - The company is actively expanding its product offerings in response to industry trends, including the development of tandem OLED technology [6][8] Production Capacity - The planned production capacity for materials is 15 tons, with 5 tons in Changchun and 10 tons in Shanghai [9] - The Shanghai factory was completed in 2023 and is currently in trial production [10] Industry Outlook - According to Sigmaintell, the OLED panel production capacity in China reached 51% [8] - Research indicates that in Q1 2024, domestic manufacturers surpassed 53.4% of global smartphone panel shipments for the first time [8]