Huacan Optoelectronics (300323) released an investor relations activity record form on January 14. The company accepted surveys from 6 institutions on January 14, 2025. The types of institutions are insurance companies, others, and fund companies. Introduction to the main content of investor relations activities:
Q: How is the progress of the company's Zhuhai investment project?
Answer: The Zhuhai investment project is the BOE Huacan Micro LED wafer manufacturing and packaging testing base project. This project is an important platform for the company to lay out new display technologies. The project is progressing smoothly according to the plan. The product has been successfully lit in October 2024 and will be officially put into production in November.
Q: What is the application of the company's Micro LED in AI glasses products?
Answer: Micro LED technology has significant advantages such as high brightness, high color saturation, low power consumption, and high resolution. AI glasses are the application of Micro LED chips in small-size screens. Currently, the company has made full technical layout in this field. It also provides chip solutions for downstream customers with AI glasses development needs, jointly promotes product implementation, and helps AI glasses mature into the market.
Q: How do you view the future market development of Micro LED?
Answer: Micro LED technology has not yet opened up the market on a large scale. Although its vast market space has begun to emerge, it is still limited by many uncertain factors such as technical routes, production costs, and market terminal applications. The company plans ahead, actively explores cutting-edge technologies, pays timely attention to market changes, provides various Micro LED chip solutions from the manufacturing end to the application end, and promotes the development of the Micro LED industry.
Q: After BOE takes over Huacan, what changes will the company see in 2024?
Answer: After BOE took over Huacan, the company formulated clear and forward-looking strategic goals. It focused on core business areas, deeply explored market demand, was driven by innovation, and was committed to becoming a leading brand in the industry. It adjusted the organizational structure, broke down the original departmental barriers, and built a more efficient and collaborative organizational structure. It can quickly respond to market changes and flexibly allocate resources, providing a solid foundation for the implementation of strategic goals. Real organizational guarantee; at the same time, the management system has been continuously improved, advanced management concepts and tools have been introduced, from human resources management to financial management, from production process control to quality supervision, all have been refined and optimized, forming a management system that meets the company's actual operational needs. The operation has become more standardized and orderly, and the overall operational efficiency has been significantly improved; in addition, in each production link, the process has been optimized, and raw material procurement management has been strengthened to achieve a significant reduction in production costs. Thanks to the effective implementation of the above business measures, the company's market share has increased significantly, winning the trust and support of more customers, laying a solid foundation for the company's subsequent development.
Q: What are the company’s plans for performance improvement in 2025?
Answer: In 2025, the company will continue to focus on its main business, strengthen internal management, deepen its business layout, and strive to improve operating performance: (1) Focus on its core main business to further consolidate and enhance its competitiveness in this field. By optimizing resource allocation, we provide various chip solutions for customers' different needs and product positioning to meet the increasingly diversified and high-end needs of customers and ensure the company's market position; (2) Continue to optimize management processes, establish a more scientific, efficient, and standardized management system, and improve operational efficiency and management level; (3) Focus on the company's strategic goals, further deepen business layout, expand business areas and market space. On the one hand, we will continue to deeply explore the existing market, strengthen the maintenance and services of existing customers, tap the potential needs of customers, and achieve in-depth business expansion; on the other hand, we will actively explore new markets and find emerging business growth points, such as high-margin segment products such as high-end lighting, automotive and plant lighting, to achieve performance support.
ANNA