Jilin OLED(688378) 证券时报网·2025-04-17 11:21Core Viewpoint - The company, Aolaide, is actively engaging with institutional investors and showcasing its strategic positioning in the OLED industry, particularly in organic light-emitting materials and evaporation source equipment, which are critical for OLED panel manufacturing [1][2]. Group 1: Business Performance - In 2024, the company achieved a total revenue of 533 million yuan, with the materials business generating 363 million yuan, reflecting a year-on-year growth of 14.31%, marking five consecutive years of stable revenue growth [1]. - The equipment segment reported a revenue of 169 million yuan, showing a decline of 15% year-on-year [1]. - In Q1 2025, the company generated 153 million yuan in revenue, with the materials business contributing 136 million yuan, a year-on-year increase of 5.33%, setting a record for Q1 materials revenue [1]. Group 2: Product Development and Market Strategy - The company has maintained stable revenue growth in its materials business for five consecutive years, demonstrating strong technical capabilities and market expansion potential in the OLED materials sector [2]. - The company is actively upgrading its key products GP, RP, and BP, and has achieved significant progress in the application of RD and RH products [2]. - New products in the fields of packaging materials, PSPI materials, and perovskite materials are being developed and promoted, with expectations for market release in 2025 [2]. Group 3: Industry Trends and Challenges - The display panel manufacturing industry is undergoing a critical phase of technological upgrades, transitioning towards higher generation lines (8th generation), which has put short-term pressure on the company's 6th generation evaporation source equipment business [2]. - The company successfully won a bid for an 8.6-generation evaporation source equipment order from BOE, valued at 655 million yuan (including tax), which is expected to positively impact the company's performance in 2025 and 2026 [2]. Group 4: Research and Innovation - The company invested 150 million yuan in R&D in 2024, representing a year-on-year increase of 22.73%, and has accumulated a total of 913 invention patent applications, with 392 granted [3]. - The company is exploring the use of AI technology to assist in the development and production of OLED materials, aiming to optimize synthesis routes and reduce production costs [3].