LONGLI(300752)2025-04-24 12:02Group 1: 2024 Annual Performance - In 2024, the company achieved revenue of 1.32 billion CNY, a year-on-year increase of 28.64% [2] - The net profit attributable to shareholders reached 106 million CNY, up 132.90% year-on-year [2] - The non-recurring net profit was 94 million CNY, showing a significant growth of 1,813.63% [2] Group 2: Business Strategy and Focus Areas - 2024 marked the initial success of the "1+2+N" diversified layout, focusing on consumer electronics and automotive display sectors [2] - The core business includes: 1) Consumer electronics (mobile phones, tablets, laptops), 2) Rapidly growing automotive display business, and 3) Emerging businesses related to AR/VR displays and precision components [2] Group 3: Q1 2025 Performance - In Q1 2025, the company reported revenue of 340.73 million CNY, a year-on-year increase of 15.18% [3] - The net profit attributable to shareholders was 30.61 million CNY, reflecting a growth of 51.88% [3] - The non-recurring net profit reached 26.92 million CNY, up 57.19% year-on-year [3] Group 4: Automotive Sector Developments - The company is a leading player in Mini-LED technology for automotive displays, leveraging its advantages in technology reserves and production capabilities [3] - Collaborations with major automotive brands like Xiaopeng, Geely, and NIO have led to successful mass production and delivery of new models [3] Group 5: LIPO Technology Market Outlook - The LIPO ultra-narrow bezel technology, adopted by Apple in 2024, is setting market trends and enhancing the company's competitiveness in OLED displays [3] - After three years of R&D, LIPO technology is entering the results transformation phase, with major brands actively pursuing this technology [3]