LONGLI(SZ:300752)2023-11-07 09:14Financial Performance - In Q3 2023, the company reported revenue of 315 million CNY, a year-on-year increase of 2.03% and a quarter-on-quarter growth of 29.43% [1] - Net profit for Q3 2023 reached 12.73 million CNY, showing a year-on-year increase of 143.41% and a quarter-on-quarter growth of 766.71% [1] - For the first three quarters of 2023, net profit totaled 1.06 million CNY, reflecting a year-on-year increase of 102.22% [1] Strategic Focus - The company continues to implement lean production management and cost-reduction measures to enhance operational efficiency [1] - There is a focus on optimizing product structure and accelerating market expansion, particularly in the Mini-LED sector [1] Market Outlook - The company anticipates a growing penetration of Mini-LED technology in the automotive sector, driven by trends towards larger, multi-screen, high-definition, and interactive displays [2] - Mini-LED technology is expected to outperform traditional LCD backlighting in terms of contrast, brightness, color gamut, and display quality [2] VR Business Expectations - The release of Apple's Vision Pro is expected to catalyze a transformation in the VR industry, prompting innovation from leading players like Meta and Pico [2] - The expansion of VR applications into various fields such as social, education, and healthcare is projected to increase the market value of VR displays, presenting new opportunities for the company [2]