Exciton(SZ:300566)2022-12-05 00:58Company Overview - Ningbo Jizhi Technology Co., Ltd. is one of the earliest companies in China engaged in the research, production, and sales of optical films for displays, including optical diffusion films, brightness enhancement films, and reflective films [3] - The company has advanced technology reserves in quantum dots and has achieved large-scale sales [3] Financial Performance - In the first half of 2017, the company achieved operating revenue of CNY 291.44 million, a year-on-year increase of 15.11% [3] - The net profit attributable to the parent company was CNY 24.16 million, up 25.48% compared to the same period last year [3] - Sales of brightness enhancement films reached 1.23 million square meters, a growth of 57.13% compared to the first half of 2016 [3] Product Development - The company has successfully mass-produced high-cover, high-brightness diffusion films, replacing traditional diffusion plates [4] - Quantum dot films have achieved large-scale sales, with expectations to exceed 50,000 square meters for the year [5] Market Trends - The QLED market is expected to grow, with QLED TVs achieving a color gamut of 120%, compared to 70% for ordinary TVs [4] - The company anticipates that quantum dot technology will penetrate the mid-to-low-end market due to its lower costs [4] Seasonal Sales Patterns - Sales of consumer electronics typically peak during holidays such as National Day, Christmas, New Year, and Spring Festival, leading to higher sales in the second half of the year [5] Future Strategies - The company plans to expand its market for optical films, invest in acquisitions, develop new types of optical films, and explore new functional films [6] - Recent investments include establishing a subsidiary for solar energy backsheet films and acquiring a 51% stake in Zhejiang Ziguang Technology Co., Ltd. to enter the automotive and architectural film markets [6][7] Company Vision - The company aims to become the largest, most profitable, and most respected functional film company globally, using its existing coating, composite, and formulation platforms [7]