Ningbo Exciton Technology Co., Ltd.
激智科技
300566
Shenzhen Stock Exchange
Company Profile
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.
Full description
Ningbo Exciton Technology Co., Ltd. was founded in 2007 and headquartered in Ningbo, Zhejiang, China. It is a public listed company in SZSE, with stock code: 300566. The company adheres to the core values of "Passion, Innovation, Integrity, and Responsibility" and is committed to becoming the best functional film company in the world, aiming to improve human life through leading technology and products. Since its establishment, the company has continuously invested in research and technological innovation. The precise coating technology and application technology have been continuously improved. The product range has been continuously expanded, and the product series have become increasingly diverse. The market share has steadily increased. Currently, the company has developed into a leading producer of optical films for display industry. In the future, the company will continue to focus on research and development innovation, consolidate its leading position in high-end display films worldwide, and launch more functional film products based on coating technology. The company's main business is currently divided into four major segments: Optical Film, Solar Photovoltaic (PV) Film, Automotive Film, and Battery Film. 1.Optical Film Segment The company produces optical film products, including diffusion films, brightness enhancement films, quantum dot films, COP, laminated films (DOP, POP, DPP, etc.), silver reflective films, 3D grating films, protective films, and smartphone hardcoating films, among others. These optical film products are widely used in various display applications such as TVs, monitors, laptops, tablets, smartphones, navigation devices, and automotive display screens. 2.Solar Photovoltaic (PV) Film Segment The company entered the photovoltaic backsheet industry in 2018. The main customers are leading photovoltaic module manufacturers, and the products have gained high recognition from customers. As the backsheet material for PV modules, the backsheet needs to have sufficient mechanical performance, barrier water-proofing function, insulation performance, and maintain sufficient mechanical performance and color stability after long-term aging. With the expansion of the market and improvements in production capacity, combined with product upgrades, the company has mass-produced and shipped double-sided coated backsheet products. PV binding film is the company's second product in the PV industry. Research and product testing are advancing rapidly, and EVA, EPE (co-extruded POE) products, and other films for N-type products have been massively-produced. Additionally, the company achieved mass production of gap reflection films in the second quarter of 2024. This product, mainly used in double-sided power-generating photovoltaic modules, is a new high-gain functional film that uses a microstructure on the film surface and a high-reflective aluminum layer to increase the light input to photovoltaic cells, thereby increasing the efficiency of the PV module. Currently, few companies in the market can develop and produce gap reflection films. The company already holds independent structural invention patents, and its new dual-arc design and structural angle offer higher power enhancement compared to other manufacturers. The product has been delivered in batches to many leading module companies, showing strong market competitiveness. 3.Automotive Film Segment The company has achieved mass production and delivery of automotive window films, paint protection films (PPF), and architectural window films, while continuously improving product quality and brand recognition. As one of the few domestic automotive decorative film suppliers, the company will actively leverage the trend of domestic new energy vehicles and strive to provide downstream customers with high-cost-performance products. 4.Battery Film Segment The polycarbonate (PC) flame retardance film produced by the company's subsidiary Ningbo Gangzhi is a black eco-friendly flame retardance film that can meet customers' various application requirements, including but not limited to insulation protection for circuit boards in motors, household appliances, consumer electronics, medical electronics, and insulating enclosures for new energy batteries and storage batteries. The company currently holds a 4.32% stake in Jiangsu Hengtron Nanotech and is positioned to benefit from the transformative changes in the new energy vehicle industry driven by advanced battery materials. Based on years of accumulation in the battery materials field, Jiangsu Hengtron Nanotech continues to develop new lithium battery materials, with lithium manganese iron phosphate (LMFP) cathode material being the first to launch. Lithium manganese iron phosphate has high voltage, high energy density, and better low-temperature performance, with lower cost and higher safety performance compared to ternary materials. It is widely used in electric vehicles, two-wheel electric vehicles, power tools, and other consumer goods fields.