Anti-peeping display shows that the boss Longteng Optoelectronics built a factory in Henan, Vietnam, which not only avoids involution, but also prevents the increase of tariffsEditor: LuicenRecently, the world's largest anti-privacy display shipment leader Longteng Optoelectronics, its investment project in Henan Province, Vietnam has obtained the business license issued by the Vietnamese government, indicating that Longteng Optoelectronics' new production base in Vietnam began to operate, which is of great significance for Longteng Optoelectronics to open up global customers and enhance Longteng Optoelectronics' share in overseas markets.At the supplier conference held by Longteng Optoelectronics not long ago, the management team of Longteng Optoelectronics introduced in detail the strategic layout and achievements of Longteng Optoelectronics in the traditional display field and emerging market segments. In order to better cope with the uncertainty of the global economy and supply chain risks, Longteng Optoelectronics has planned to invest in a project in Vietnam, so as to better serve brand customers, respond more efficiently to global customer needs, and continue to consolidate the company's industry position in the market segment. At the same time, Longteng Optoelectronics will continue to uphold the principle of market orientation and customer center, establish closer cooperative relations with suppliers, and jointly promote the optimization and upgrading of the industrial chain. In addition, they also focused on the key role of green and intelligent technology in the sustainable development of enterprises, and shared the practical experience and achievements of Longteng Optoelectronics in the field of ESG.It is understood that Longteng Optoelectronics was established in July 2005, and its products are mainly used in display terminals such as notebook computers, vehicles, industrial control, mobile phones, and smart interconnection, and have achieved a certain market share in various subdivided application fields. In August 2020, it was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and it is the first stock on the Display Panel Science and Technology Innovation Board. As one of the first high-tech enterprises to invest in the construction of TFT-LCD production lines in China, it continues to cultivate the field of small and medium-sized displays, and provides customers with a full range of privacy display solutions and creates customer value through the implementation of differentiated and high-value competition strategies. In 2021, the company's first privacy laptop panel ranked first in the global privacy panel market, and the shipment volume of notebook computers and vehicle panels ranked among the top 10 in the world. At the previous 2024 semi-annual results briefing, Longteng Optoelectronics believes that in the first half of 2024, the display panel industry is in the bottom repair stage, and the prices of small and medium-sized display laptops and mobile phone panels are generally at a low level and stable, and the competition situation is becoming more fierce and complex.Longteng Optoelectronics said that it will continue to strengthen the analysis and judgment of the macroeconomic situation, the development trend and pattern changes of the display industry, seize the opportunities of digital economy and green and low-carbon, adhere to the dual spindle development of "strategic layout + technology layout", on the one hand, continue to consolidate the differentiated competitive advantages of notebooks, vehicles, mobile phones, industrial control, etc., and increase the layout of emerging subdivided display fields such as intelligent cockpits, e-sports high-brush laptops, e-paper, AI displays, and metaverse applications. Seize new tracks and create new advantages; On the other hand, we continue to invest in R&D in diversified and differentiated technologies such as dynamic privacy and privacy prevention, touch integration, oxide, MiniLED, eye protection display, TED low power consumption, and e-paper, so as to create and enhance the competitiveness of the company's products. In terms of new product e-paper, Longteng Optoelectronics believes that with the acceleration and deepening of global digitalization and low-carbon development, e-paper display continues to expand in office display, medical display, traffic display, commercial display and other application fields with its characteristics of low power consumption and energy saving, green and low-carbon, healthy eye protection, etc., with diversified product types and business models, and broad application space. The company attaches great importance to the emerging market of e-paper and actively deploys, continues to develop e-paper display technology and has sent samples to customers for testing, and will implement mass production operations in the near future.For the sustainable development that the global market is concerned about, Longteng Optoelectronics integrates the ESG concept into the company's strategy, R&D, production and daily operation and management, combines "digital + ESG", promotes the establishment of an internal digital ESG management platform, establishes and publishes scientific carbon targets (SBT), and carries out carbon reduction from procurement, R&D, manufacturing, operation and other aspects, and obtains ISO50001 energy management certification and ISO14064 carbon verification certification; Combined with "green + technology", we have explored and developed a variety of green and low-carbon products in line with ESG concepts, such as TED, full-color reflective and e-paper; At the same time, we will promote the construction of ESG system for suppliers and the reuse of recyclable materials to build a green and sustainable supply chain. Due to overcapacity and fierce competition in the display industry, Longteng Optoelectronics' operating income in the first three quarters of 2024 was 2.638 billion yuan, a year-on-year decrease of 4.62%; The net profit loss attributable to shareholders of the listed company was 168 million yuan.The Vietnamese market is the main sales market for Longteng Optoelectronics' dynamic privacy display products, supplying Taiwan-funded EMS manufacturers to the production base in Vietnam, producing dynamic privacy monitor and dynamic privacy privacy laptop products, which are sold to the European and American markets, serving government procurement, high-end business and special industrial display fields. According to statistics from the Ministry of Industry and Trade, as of October 15, exports of computers and electronic components reached US$55.2 billion, an increase of US$11.61 billion year-on-year, mobile phones and spare parts reached US$43.94 billion, an increase of US$2.11 billion, tools and machinery reached US$40.16 billion, an increase of US$7.35 billion, and textiles and apparel reached US$28.85 billion, an increase of US$2.5 billion. The scale of the country's import and export volume reached 610.56 billion US dollars, an increase of 16.4% year-on-year, equivalent to 85.82 billion US dollars.Previously, Longteng Optoelectronics only had a sales and service team in Vietnam, and did not have an independent supporting capacity in Vietnam. The construction and operation of the factory in Henan Province, Vietnam, in addition to avoiding the involution of small and medium-sized display panels in Chinese mainland to unprofitable, can be closer to the end customers mainly sold to overseas markets, and carry out nearby supporting services to increase market share, but also in response to the next Trump administration's trade policy changes to China, and trigger the entire European and American markets to follow and avoid high tariff losses caused by these policy changes.
