Tstc(600552) 证券时报网·2025-03-28 03:56Core Insights - The company reported a total revenue of 4.894 billion yuan and a net profit of 140 million yuan for the year, marking a year-on-year growth of 30.76% [1] - The display materials business showed positive development trends, with improved profitability due to product structure adjustments and market recognition of new products [1] Business Segments Display Materials - The company is a key supplier of flexible cover glass for foldable smartphones and has developed the world's first car-mounted sliding rollable display screen [2] - The company deepened its strategic cooperation with LG, expanding its market share in traditional consumer electronics like tablets and laptops [2] - The international business revenue increased by 21.66%, with a 17.4 percentage point rise in the proportion of international business [2] Application Materials - The zirconium-based products have been pivotal, with a 24.4% increase in sales, while the sales of nano-zirconia surged by 232.89% [3] - The company successfully entered the supply chain of brake pad manufacturers with its electric melting zirconia products [3] - Sales of polishing powder increased by 50.2%, demonstrating strong demand across various sectors [3] R&D and Innovation - The company invested 293 million yuan in R&D, a 34% increase year-on-year, leading to numerous technological and product innovations [4] - The company has developed a yellow light anti-glare technology and achieved mass production of zirconia grinding balls in specific sizes [5] - A total of 71 new patents were authorized in 2024, including 34 invention patents, reflecting the company's commitment to innovation [5] Industry Trends - The display industry is expected to grow driven by advancements in big data, cloud computing, and AI, with increasing demand for human-machine interaction terminals [7] - The automotive sector, particularly in electric and intelligent connected vehicles, is anticipated to drive demand for in-car display systems [7] - The application materials sector is seeing a growing demand for high-performance new materials, with a focus on domestic production to reduce reliance on imports [8] Strategic Direction - The company aims to enhance its core competitiveness through technology innovation and industrial transformation, aligning with national strategic priorities [8] - By 2025, the company plans to continue its strategic leadership, focusing on high-level technological self-reliance and integrating new technologies and platforms [8]