LONGLI(SZ:300752)2023-03-20 13:19Group 1: Product Development and Technology - The company launched a 31.5-inch Mini-LED gaming monitor, which features HDR1400 and a refresh rate of 165Hz, contributing to the rapid development of Mini-LED technology [1] - The company began research in the Mini-LED field in 2016, leveraging its expertise in optical effect processing to gain a first-mover advantage and accumulate a wealth of resources in clients, talent, technology, and patents [1] - Mini-LED technology is applicable in various fields including automotive displays, tablets, laptops, TVs, monitors, and smart wearables, with the company already shipping in bulk to automotive, VR, and consumer clients [2] Group 2: Strategic Partnerships and Market Position - The contract with Bosch for automotive Mini-LED backlight display modules will commence supply in 2025, reflecting the lengthy development cycle of automotive components, which typically takes 3-5 years from project initiation to market launch [2] - The automotive sector has stringent requirements for product lifespan, shock resistance, temperature tolerance, and safety, leading to a stable competitive landscape where suppliers are not easily replaced once selected [2] - The company is preparing to meet the supply timeline for Bosch by aligning its production schedule with the progress of automotive clients [2] Group 3: Future Outlook and R&D Focus - The integration of Mini-LED technology in VR devices has improved contrast and color saturation, addressing previous limitations of LCD brightness and enhancing user experience [2] - The growing interest from major players in the VR industry and Mini-LED technology presents new opportunities for the company, which plans to continue investing in R&D to maintain its competitive edge [2]