DSBJ(002384)2025-04-25 09:28Group 1: LED Business Developments - In 2024, the company recognized an asset impairment loss of CNY 595 million in its LED business due to intensified competition [2] - For 2025, the company aims to reduce losses or achieve profitability in the LED sector through product structure adjustments and cost-cutting measures [2] Group 2: Precision Manufacturing Progress - The company has significantly improved its precision manufacturing business, particularly in the new energy sector, with multiple partnerships established with leading domestic and international electric vehicle manufacturers [3] - The business situation in 2024 is expected to show marked improvement compared to previous years, with some clients entering mass production in Q4 [3] Group 3: Future Strategic Directions - The company will continue to deepen its "dual-drive" strategy, focusing on core products like electronic circuits and precision components while expanding into emerging markets [3] - Increased R&D investment will target cutting-edge technologies to enhance market share and brand influence [3] Group 4: Financial Performance Overview - In 2024, the electronic circuit revenue is projected to grow steadily, while the LED segment's loss reduction target was not met [3] - The touch display and precision manufacturing divisions have shown signs of profitability, although overall results remain close to breakeven after accounting for integration costs [3] Group 5: Market Outlook and Challenges - The company anticipates stable demand for consumer electronics despite potential trade policy risks, maintaining its position as the second-largest global flexible printed circuit board (FPC) manufacturer [4] - The Thai factory is expected to achieve mass production in the second half of the year, contingent on successful product validation [4]