Gelonghui September 25?Longteng Optoelectronics (688055.SH) said at the performance presentation that with the development trend of the new four modernizations of automobile "electrification, intelligence, networking and sharing", new application fields such as intelligent cockpit, multi-screen interaction and self-driving have emerged one after another, the application scene of vehicle display screen is increasing, and the goal of "carbon neutralization" in various countries promotes the rapid development of new energy vehicles, driving the continuous growth of vehicle display market scale. According to statistics from research institutions, shipments of vehicle display panels increased by 8% in the first half of 2023 compared with the same period last year, and shipments for the whole year will reach more than 200 million pieces. The continuous growth of the vehicle display industry will also attract more market players to enter the new track, and the competition of vehicle display panels will be accelerated.

The development and layout of vehicle business is a process of long-term accumulation, with the characteristics of high barriers and high customer stickiness. The competition of vehicle display is more about the research and development of vehicle products, quality, performance-to-price ratio, service and operation system efficiency, etc., vehicle customers have higher requirements for product reliability, stability, supplier operational stability, rapid response and support ability. A stable supply and the safety of on-board products are crucial.

After deeply ploughing the field of vehicle panels for more than ten years, the company has developed a series of high-quality, high-performance and high-reliability on-board display products, which have won the Best supply Commodity quality Award issued by the largest automotive electronic system factory in Japan for many years. It is widely used in traditional fuel vehicles and new energy vehicles, and has accumulated a large number of high-quality customer resources, covering many global well-known automobile brands such as China, the United States, Japan and Europe. Has certain brand influence, the market space expands unceasingly. According to the statistics of the market survey agency, the company ranks ninth in the world in terms of vehicle display panel shipments in 2022.

With the rapid rise of new energy vehicles, there is a more significant demand for on-board display manufacturers' technology and product diversity and shorter development cycle. with the advantages of many years' accumulated product development experience, omni-directional solutions, rich customer resources and good product quality, the company continues to increase its business expansion in the field of new energy vehicle display, and new energy vehicle business and new projects accumulate rapidly. It has reached deep cooperation with a number of new energy vehicle companies. In the future, the company will continue to comply with the market trend of vehicle product research and innovation, actively open up new customers, obtain more project opportunities, and achieve the continuous growth of new energy vehicle display business.