格隆汇2月27日丨龙腾光电(688055.SH)公布2025年度业绩快报，报告期内，全球贸易环境、国际政治局 势复杂多变，产业链加速重构，行业产能进一步释放，中小尺寸显示领域竞争日趋激烈，公司经营业绩 承压。面对市场严峻挑战，公司依托前瞻布局基础优势，紧抓新兴应用等市场机遇，持续强化电子纸、 三维立体等前沿技术创新，大力优化产品结构，提升产品附加值，推动新型显示业务逐步放量；在国际 化生产布局方面，公司积极加强资源投入，稳步推进海外产能建设和爬坡；同时，持续深化提质增效工 作，通过精益管理与成本管控推动经营质量平稳发展。 报告期内，公司实现营业总收入24.99亿元，较上年同期下降26.79%；归属于母公司所有者的净利 润-2.08亿元，较上年同期下降9.40%；归属于母公司所有者的扣除非经常性损益的净利润-2.11亿元，较 上年同期改善14.61%。截至2025年12月31日，公司总资产67.12亿元，较报告期初增加2.00%；归属于母 公司的所有者权益40.80亿元，较报告期初减少4.86%。 随着绿色低碳经济和数字经济的发展，带动下游智能终端、智能座舱、虚拟现实等新兴显示应用场景不 断扩容，公司将进一步推 ...

证券日报网讯 2月27日，龙腾光电发布公告称，公司2025年实现营业总收入249876.02万元。 （文章来源：证券日报） ...

莱特光电2月27日公告，公司拟通过控股子公司莱特夸石在西安市高新区开展"莱特光电石英布研发中心 及生产基地"项目，主要进行石英纤维电子布（简称"Q布""石英布"）的研发、生产与销售。项目计划总 投资额为10亿元，包含土地出让金、厂房建设及设备购置费等，最终以实际投资额为准。项目拟分2-3 个阶段投入，第1阶段投资规划约4亿元，后续投入根据产能及实际情况推进，全部建设投资预计2-3年 完成。 ...

注：1.本报告期初数同法定披露的上年年末数。 2.以上财务数据及指标以合并报表数据填列，未经审计。数据若有尾数差，为四舍五入 所致。 证券代码：688055 证券简称：龙腾光电 公告编号：2026-004 昆山龙腾光电股份有限公司 2025 年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计， 具体数据以昆山龙腾光电股份有限公司（以下简称"公司"）2025年年度报告中披 露的数据为准，提请投资者注意投资风险。 | | 单位：人民币万元 | | | | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 | 增减变动幅度（%） | | 营业总收入 | 249,876.02 | 341,313.37 | -26.79 | | 营业利润 | -26,290.37 | -24,840.33 | 不适用 | | 利润总额 | -26,603.74 | -25,192.68 | 不适用 | | 归属于母公司所有者的净 ...

Group 1 - The core viewpoint of the articles highlights Longteng Optoelectronics' significant progress in the ESG field, as it has been recognized as a national-level green factory by the Ministry of Industry and Information Technology for the year 2025, indicating its leadership in low-carbon transformation and sustainable development [1] - This recognition is expected to enhance the company's brand strength and market competitiveness, reflecting its leading position in the green manufacturing sector [1] Group 2 - In the recent stock performance, Longteng Optoelectronics' share price has shown volatility over the past week, with active capital flow observed [2] - On February 9, the stock experienced a net inflow of 2.21 million yuan, resulting in a 2.11% increase in share price to 3.87 yuan; however, on February 11, despite a net purchase of 584,100 yuan, the share price slightly decreased by 0.26% to 3.85 yuan [2] - Overall, the changes in capital flow reflect short-term market sentiment, which should be analyzed in conjunction with the company's fundamentals [2]

Core Viewpoint - The recent performance reports from nine display-related companies indicate a mixed outlook, with some companies showing signs of recovery while others continue to face significant losses. Group 1: Company Performance - Shanshan Co., Ltd. expects a net profit of 400 million to 600 million yuan for 2025, marking a turnaround from losses in the previous year, driven by strong sales in its core anode materials and polarizer businesses [3][4]. - Longteng Optoelectronics anticipates a net loss of 193 million to 225 million yuan for 2025, citing a challenging market environment and increased competition in the small-sized display sector [5]. - Hehui Optoelectronics reported a total revenue of 550.07 million yuan for 2025, a 10.94% increase year-on-year, but still expects a net loss of 1.97 billion yuan, although this represents an improvement from the previous year's loss [6][8]. - AOC Technology forecasts a net loss of 630 million to 820 million yuan for 2025, with operational costs rising due to intensified competition and changes in the international trade environment [9][11]. - Weida Optoelectronics projects a net loss of 16 million to 20 million yuan for 2025, impacted by increased market competition and rising fixed costs from new production lines [12][13]. - Hanbo High-tech expects a net loss of 55 million to 90 million yuan for 2025, with increased manufacturing costs and depreciation affecting profitability [15][16]. - Jingce Electronics anticipates a net profit of 80 million to 90 million yuan for 2025, recovering from a loss of approximately 97.6 million yuan in the previous year, driven by growth in its semiconductor and display testing businesses [17][19]. - Chengzhi Co. predicts a net loss of 50 million to 100 million yuan for 2025, with a significant decline in profitability due to weak demand in the chemical sector [20][22]. - Honghe Technology expects a net profit of 50.5 million to 60.5 million yuan for 2025, but this represents a decline of 72.74% to 77.24% compared to the previous year, attributed to market fluctuations and increased costs [23][24].

Investment Rating - The report maintains an "Outperform" rating for the LCD industry [2] Core Viewpoints - The LCD industry is experiencing a stabilization in capacity, with a concentration of market share expected due to the shutdown and sale of production lines by overseas manufacturers. This is anticipated to enhance the pricing power of LCD TV panel producers, leading to improved profitability [6] - The report highlights the growth potential of leading domestic panel manufacturers like BOE Technology Group, which is well-positioned to benefit from China's consumption upgrade and localization trends [6] Market Performance Review - From December 2025 to January 2026, the panel index increased by 11.55%, outperforming major indices such as the Shanghai Composite and Shenzhen Component by 5.76 percentage points and 2.53 percentage points, respectively [4] - As of January 20, 2026, the total market capitalization of the A-share panel industry was 604.92 billion yuan, with an overall price-to-book ratio of 1.71x, positioned at the 82.5 percentile of the past five years [4][12] Price & Cost Analysis - In January 2026, the prices of various sizes of LCD TV panels increased, with 32, 43, 50, 55, and 65-inch panels priced at $34, $61, $92, $115, and $163 respectively, reflecting increases of 3.0%, 1.7%, 1.1%, 0.9%, and 0.6% month-over-month [19] - Omdia forecasts further price increases for February 2026, with expected prices of $36, $63, $94, $117, and $165 for the same sizes, indicating month-over-month increases of 5.9%, 3.3%, 2.2%, 1.7%, and 1.2% [19] Supply & Demand Dynamics - In December 2025, the global shipment area for large-sized LCD panels grew by 8.82% year-over-year, with notable increases in shipments for TVs (8.74%), monitors (4.44%), notebooks (13.27%), and tablets (21.30%) [5][27] - The report anticipates a 2.31% increase in global large-sized LCD capacity area in 2024 compared to 2023, with a slight growth forecast for 2025 [5] Performance Review - The global revenue for large-sized LCD panels in December 2025 reached $6.423 billion, marking a month-over-month increase of 15.52% and a year-over-year increase of 4.71% [57] - The report notes that BOE, TCL, and Huike experienced varying revenue growth rates in December 2025, with BOE's revenue at $1.6 billion, reflecting a month-over-month increase of 8.11% [60]

Core Viewpoint - Longteng Optoelectronics (688055.SH) expects a net loss attributable to shareholders of the parent company for the year 2025 to be between -225 million and -193 million yuan, indicating a reduction in losses compared to the previous year [1] Financial Performance - The expected net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 is projected to be between -230 million and -198 million yuan, reflecting a decrease in losses by 6.81% to 19.78% compared to the same period last year [1] Industry Environment - The global trade environment and international political situation are complex and volatile, leading to accelerated restructuring of the industry chain and increased competition in the small-sized display sector [1] Company Strategy - The company aims to leverage its foundational advantages from forward-looking layouts to seize market opportunities in emerging applications, continuously strengthen technological innovation, optimize product structure, and enhance product added value [1] - The company is steadily advancing overseas capacity construction to enhance global supply chain coordination capabilities [1] - Continuous efforts are being made to improve quality and efficiency through lean management and cost control to ensure stable operational quality [1] Future Outlook - The company plans to further promote strategic upgrades and refined management, focus on enhancing product value and quality, and actively explore market opportunities to achieve sustainable high-quality development [1]

证券代码：688055 证券简称：龙腾光电 公告编号：2026-003 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 昆山龙腾光电股份有限公司 2025 年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 四、风险提示 本次业绩预告所载数据为公司财务部门初步核算，未经年度审计会计师事务 所审计。截至本公告披露日，公司尚未发现影响本次业绩预告内容准确性的重大 不确定因素。 经财务部门初步测算： 二、上年同期业绩情况和财务状况 公司 2024 年度利润总额：-25,192.68 万元，归属于母公司所有者的净利润： -19,031.87 万元，归属于母公司所有者的扣除非经常性损益的净利润：-24,681.34 万元；2024 年度基本每股收益：-0.057 元/股。 三、本期业绩变化的主要原因 1 报告期内，全球贸易环境、国际政治局势复杂多变，产业链加速重构，行业 产能进一步释放，中小尺寸显示领域竞争日趋激烈。面对市场严峻挑战，公司依 ...

Core Viewpoint - The company emphasizes its commitment to differentiation and high value-added development in the competitive small-sized display market, focusing on both core areas and emerging technologies [1] Group 1: Market Strategy - The small-sized display market has diverse application scenarios and varied technological paths, with a clear trend towards differentiation [1] - The company aims to strengthen its competitive advantage in core areas such as laptops and automotive displays by leveraging existing technological expertise and customer resources [1] Group 2: Innovation and Growth - The company plans to accelerate product development and market expansion in emerging display technologies, including electronic paper, smart cockpits, MiniLED, health-focused displays, and 3D AI displays [1] - Continuous improvement of overall competitiveness will be achieved through technological innovation, global capacity collaboration, and refined management [1]