Ningbo Exciton Technology Co., Ltd.

Ningbo Exciton Technology Co., Ltd. is a publicly listed company headquartered in Ningbo, Zhejiang, China, specializing in the manufacturing of optical films and other functional film products. Founded in 2007 and listed on the Shenzhen Stock Exchange in 2016, the company is committed to enhancing human life through innovative technology and products. With a strong emphasis on research and development, Ningbo Exciton has made significant advancements in precise coating technology, enabling it to expand its product range and market share within the display industry. The company operates through four primary business segments: Optical Film, Solar Photovoltaic (PV) Film, Automotive Film, and Battery Film. Its Optical Film segment includes a variety of products used in display applications, while the Solar PV Film segment focuses on backsheet materials for photovoltaic modules, showcasing advanced features like double-sided coating. The Automotive Film segment produces window and paint protection films, capitalizing on the growing market for new energy vehicles. Lastly, the Battery Film segment develops specialized films for battery applications, further diversifying the company's offerings and enhancing its competitive position in the market.

1. Seized the opportunity of domestic substitution of upstream display materials and break through the barriers of optical film technology and quality for display earlier The company has been engaged in the research, production, and sales of optical films for LCD displays for a long time. With a focus on advanced production technology and material science, the company aims to become the best functional film company in the world. Since its establishment, the company has made early breakthroughs in the mass production of diffusion films and brightness enhancement films through independent research and development, equipment transformation, and process innovation, and the company is one of the few in China capable of stable mass production and supply of quantum dot films, COP, and laminated optical films, with product quality at an internationally leading level. The certification cycle for optical film products is long. Generally, it takes 3-6 months to pass the certification process of well-known domestic end customers, while certification from foreign end customers typically takes 6-12 months. The downstream optical film industry has extremely high requirements for the optical performance and product yield of optical film products. Additionally, certification can only be obtained after rigorous reviews of the supplier's design capabilities, manufacturing capacity, response speed, on-time delivery rate, and overall enterprise management quality. Throughout years of development, the company's first-mover advantage has enabled it to rapidly accumulate customer resources. The company's advantages in research, technology, and craftsmanship continuously allow it to provide customers with higher-quality and more comprehensive product series. Furthermore, the company has maintained high investment in research and development to ensure the speed of new product development and market share growth. 2. Forward-looking layout in the display field to seize the trend of increased penetration of high-end display technologies such as lightweight and thin designs, and Mini-LED The company deeply understands that besides ensuring refined quality management and advanced processes for large-scale products like diffusion films and brightness enhancement films, the layout of new products determines whether the company can maintain its leading position and continue to grow in the display materials field in the future. Under the leadership of the core team, the company successfully seized the opportunity for the localization of upstream display materials, developing and reserving technologies and products that align with industry development trends. The company continuously seeks new breakthroughs in technology levels and promptly adjusts its product structure. In response to the trend of lightweight and thin designs, the company has made early arrangements for two-in-one and three-in-one laminated optical films, making it one of the few companies in China to break through in the research and production of various laminated optical films. Currently, LOP, POP, DOP, DPP, and others have been massively-produced and supplied, becoming one of the company's future profit growth points. In response to the trend of increasing penetration of high-end display technologies, the company has laid out plans for quantum dot films, COP, and OLED luminous materials. The company's quantum dot films and COP have successfully passed verification by multiple customers, and some customers have begun mass production and shipment. Additionally, the company has invested in Ningbo Lumilan New Materials Co., Ltd., focusing on OLED luminous materials. 3. Core expert team fosters an open and proactive company culture, effectively empowering the platform company and business divisions The research and production of optical films require a management team with profound professional backgrounds, managerial experience, and substantial financial investment. The core team of the company consists mostly of members with experience in Fortune 500 companies. Some team members have extensive academic backgrounds and a deep understanding of the optical film industry, with accurate judgment and grasp of market trends. The core team of the company not only excels as business managers and leaders but also comprises experts in the field of optical films. Since its inception, the company's expert executive team has adhered to building an open and proactive company culture, genuinely integrating the core values of "passion, innovation, integrity, and responsibility" into daily operations and decision-making. They are committed to maintaining and passing on the professional and dynamic company genes. For the platform company and newly established business divisions, the company ensures correct strategic direction while fully delegated authority and provided resources. 4.Strong research and development capabilities, effective internal talents cultivation system The company places great emphasis on the internal cultivation system for R&D talents, encouraging the new generation of R&D backbones to innovate. It also sets up effective incentive systems linked to product sales for R&D personnel. Through an open and proactive company culture, the company has gathered a dedicated R&D team with strong business acumen, professional standards, and a spirit of unity and dedication. 5.Strong equipment transformation, formulation, process accumulation, and refined management experience Through long-term R&D investment and technological accumulation, the company has mastered unique independent equipment transformation, formulation design, and precise coating processes. It has a strong ability to convert formulations into new products, outstanding on-site refined management, and can quickly achieve mass production of new products. The company has independently designed the key coating stations of coating equipment and creatively integrated various coating technologies into a single piece of equipment, greatly enhancing the process flexibility of the equipment to produce products with different formulations. The company's micro-replication and engraving production processes are also at an internationally advanced level. 6.High recognition of product brands and accumulation of major customer resources The downstream industry for optical films has extremely high requirements on the optical performance, product yield, and other aspects of optical film products. Any quality issues can lead to large-scale returns and exchanges from customers and directly impact subsequent cooperation with them. Therefore, optical film production companies must implement strict quality inspection procedures to ensure product quality. Through years of development and accumulation, the company has continuously enhanced its market reputation by maintaining strong product innovation capabilities, excellent product quality and service, rapid supply chain responsiveness, and quick development capabilities tailored to terminal applications. These competitive advantages have enabled the company to expand its customer group significantly.