Ledman(SZ:300162)2022-12-04 10:32Group 1: Company Overview - Lehman Shares operates with a dual business model focusing on "LED + Sports" to achieve diversified development and risk resistance [4] - The company has a strong patent portfolio in LED packaging and display technologies [4] Group 2: Technology and Product Development - The third-generation COB (Chip On Board) display technology has advantages such as high density, high protection, high reliability, high adaptability, high picture quality, and low usage costs [5] - COB technology is expected to lead the market towards Micro LED technology, with Lehman Shares having a one-year lead over competitors [8] Group 3: Market Applications - COB small-pitch LED displays are currently applied in various fields including broadcasting, command control centers, video surveillance, conference displays, and cinema lines [6] - The company plans to expand into the household display market if it can overcome cost and technical challenges for displays sized between 80 inches and 200 inches [9] Group 4: Production and Future Plans - The company completed trial production in January and aims for mass production by March, with plans for quarterly expansion thereafter [5] - The target for pixel pitch is set at 0.95 mm by the third quarter and 0.7 mm by the end of the year [13] Group 5: Competitive Landscape - Currently, there are a few non-listed companies producing COB displays, but their technology paths differ from Lehman Shares [8] - The LED small-pitch display market is expected to grow, and the company is optimistic about its market capacity [14]