TIANMA(000050)2025-03-19 01:16Group 1: Financial Performance - The company achieved a revenue of approximately 33.5 billion CNY in 2024, representing a year-on-year growth of 3.79% [4] - The overall gross margin improved by 6.47 percentage points year-on-year, with net profit attributable to shareholders increasing by over 1.4 billion CNY [5][14] - The net cash flow from operating activities reached 5.752 billion CNY, marking a year-on-year increase of 45.33% [5] Group 2: Business Segments - The smartphone and automotive display segments each accounted for approximately 35% of total revenue [4] - The automotive display business saw a revenue growth of over 40% year-on-year, maintaining the global leading position in car-grade TFT-LCD and HUD displays [5][7] - The flexible AMOLED smartphone business ranked third globally in terms of shipment volume, with significant growth in revenue and gross margin recovery [4][9] Group 3: Market Position and Strategy - The company maintained the global number one position in various display application markets, including automotive and professional displays [4] - The LTPS product revenue from non-mobile categories accounted for nearly 70% of total LTPS revenue, indicating a diversification strategy [10] - The company plans to enhance its AMOLED product offerings in 2025, focusing on expanding production capacity and optimizing costs [9][16] Group 4: Production and Technology Development - The TM20 production line for automotive modules has commenced mass production, with the TM19 line also achieving significant milestones [6][12] - The company is advancing its Micro-LED production capabilities, aiming for small batch shipments in 2025 [6] - The SLOD technology for flexible AMOLED displays is expected to reduce power consumption by 30% compared to conventional devices, with products set to be delivered to brand clients in 2025 [16]