TIANMA(SZ:000050)2024-05-28 05:46Group 1: Financial Performance - In Q1 2024, the company achieved revenue of approximately 7.75 billion CNY, a year-on-year increase of 0.54% [2] - The net profit attributable to shareholders was approximately -300 million CNY, with a year-on-year improvement of about 362 million CNY [2] - Excluding the impact of depreciation from the Wuhan OLED production line, the net profit after deducting non-recurring gains and losses showed significant improvement compared to Q1 2023 [2] Group 2: Business Segments Performance - The automotive display business saw revenue growth of over 40% year-on-year and over 10% quarter-on-quarter in Q1 2024 [3] - The TM17 flexible AMOLED mobile display segment experienced a revenue increase of over 16% year-on-year and over 10% quarter-on-quarter [3] - The company expects continued rapid growth in flexible AMOLED mobile product shipments in 2024 [3] Group 3: Strategic Development - The company plans to accelerate the development of LTPS technology in the automotive sector, positioning it as a core strategic business [4] - New production lines TM19 and TM20 are progressing well, with TM19 expected to start trial production soon and TM20 having already achieved its first product lighting [4] - The IT display segment is identified as a key growth area, with ongoing efforts to expand into mid-to-high-end tablet and laptop markets [4]