TIANMA(000050)2024-05-30 00:52Financial Performance - Q1 2024 revenue reached 7.75 billion yuan, a year-on-year increase of 0.54% [2] - Net profit attributable to shareholders was -300 million yuan, with a year-on-year improvement of 362 million yuan [2] - Excluding the impact of depreciation from the Wuhan OLED production line, non-GAAP net profit showed significant improvement compared to Q1 2023 [2] Business Segments - Automotive display revenue increased by over 40% year-on-year and over 10% quarter-on-quarter in Q1 2024 [2] - LTPS technology automotive display shipments grew by over 200% year-on-year [2] - AMOLED flexible smartphone display revenue increased by over 16% year-on-year and over 10% quarter-on-quarter in Q1 2024 [3] Production and Capacity - TM17 and TM18 AMOLED flexible production lines maintained good utilization rates in Q1 2024 [3] - TM19 production line is expected to be lit soon and gradually enter trial production [4] - TM20 production line achieved first product lighting in December 2023 and is currently undergoing product sampling and trial production [4] - Micro-LED production line achieved first equipment move-in at the end of 2023 and is expected to be lit soon [4] Market and Strategy - The company has achieved full coverage of domestic mainstream brand customers in the AMOLED flexible smartphone display field [3] - The company aims to increase shipments and the proportion of high-end products, targeting more flagship projects from brand customers [3] - The company is closely monitoring the market for 8.x generation AMOLED production lines, focusing on mid-sized IT products such as tablets and laptops [3]