Recently, Shenzhen Longli Technology Co.Ltd(300752) ( Shenzhen Longli Technology Co.Ltd(300752) ) released the annual report of 2021 and the first quarterly report of 2022. In 2021, the company achieved a revenue of 1.976 billion yuan, roughly the same as that in 2020. However, due to the impact of technological iteration, the product price fell. At the same time, the poor operation of the supply chain under the covid-19 pneumonia epidemic led to the rise of raw material prices, and the overall prosperity of the consumer electronics industry continued to decline during the year. In this context, the net profit attributable to the parent company in the third quarter and the fourth quarter of 2021 increased by 56.14% and 124.06% respectively month on month; In the first quarter of 2022, the net profit attributable to the parent company also increased by 45.90% year-on-year, and the fundamentals improved.
Shenzhen Longli Technology Co.Ltd(300752) said in the annual report that in 2021, while continuously upgrading the original technology, the company integrated advantageous resources and arranged new display businesses such as mini led and micro led in advance. As early as 2016, the company began to carry out technical research and development in the field of mini led and laid out a full range of technologies in application fields. As a new product developed by the company, mini LED products have realized the R & D breakthrough of mini LED technology in vehicle display, VR, flat panel, Nb (notebook), display, TV and other application fields, formed a certain first mover advantage, and have rich reserves of customers, talents, technology, patents and so on.
According to the annual report, Shenzhen Longli Technology Co.Ltd(300752) has technical reserves related to mini led. Mini has applied for a total of 64 patents in the field of LED invention from October 2021 to June 2026, among which, mini has obtained a total of 68 patents in the field of LED innovation, and has obtained a total of 68 patents in the field of LED innovation. The company has a mini led mass production line and supplies to new energy vehicle manufacturers, traditional automobile manufacturers and consumer electronics brands. In addition, in the field of on-board display, the company is cooperating with many automobile manufacturers. In the field of commercial display, the company is cooperating with TCL, Konka and other brand manufacturers. In the field of VR, the company has entered the supply chain system of world-famous enterprises.
Shenzhen Longli Technology Co.Ltd(300752) said that in the field of on-board display application, compared with OLED technology, mini LED display technology has obvious advantages in reliability, cost and service life, stability and ultra-high brightness. The company’s Mini LED backlight display technology has achieved a breakthrough in the field of on-board display. In addition, with the performance improvement and cost reduction of supporting hardware, VR / AR products have been widely developed in recent years, the rise of meta universe theory, and intelligent wear will become one of its important entrances. The VR products equipped with mini LED technology can be applied to VR glasses and other fields. At present, the company has mass production capacity, and has begun to deliver them to var Jo, a high-end head display manufacturer in Finland and well-known VR enterprises in North America. In 2022, on the basis of doing a good job in the normalization prevention and control of covid-19 pneumonia, the company will adhere to innovation driven, continuously upgrade technology, closely focus on customers, and promote new progress in various businesses.
