NBJZ Optical Material Technology Group is a leading optical film company in China. It currently has the world’s largest market share of diffusion film in the high-end product route, and the third in the world’s market share of brightness enhancement film. It is the core supplier and only C○ of domestic QLED film. P composite membrane manufacturer.
In addition, there are new solar backsheet films. Yifeng will start to accelerate the release of profits in the next few years in this photovoltaic cycle.
1) LCD transfer to China, the company accelerates the domestic substitution and high-end process
The global share of mainland China's panel industry has risen rapidly, reaching 41.1% in 2019, and is expected to be domestically produced by 2021. Among them, optical film, as an important component of LCD modules, accounts for 17% of the total cost, ushering in a huge domestic replacement space.
In the backlight module, the optical film is usually composed of "1 reflective film + 1 lower diffusion film + 2 brightness enhancement films + 1 upper diffusion film
In addition, the company’s key point is the high-end product
①Lightweight and thinner: The company has a forward-looking layout of optical film composites while meeting the needs of thinning and reducing costs, and quickly realizes mass production and supply of COP and DOP.
②High color gamut: QLED may become the next-generation display technology, Samsung and Huawei share the layout, the company forward-looking layout of quantum dot film, the product has achieved multi-customer verification and mass production shipments
It is worth noting that the value of high-end optical films is about ten times that of ordinary optical films. As a core supplier in this field, the company is expected to open up new growth space.
2) The photovoltaic market continues to grow, and the largest customer of backplane film binding
In 19 years, global photovoltaic counters increased by 115GW, +12% year-on-year. It is estimated that by 2023, the newly installed capacity will reach 263.9GW.
By 2021, the total global market demand for photovoltaic backsheets and packaging films will reach 715 million square meters and 1.43 billion square meters respectively.
The company achieved large-scale horizontal sales of photovoltaic backsheets (TPO, TPC film) in 18 years, and sales in 19 years increased by 548.8% to 164 million.
At present, the testing performance of TPO film is leading the industry, and the backsheet film products have passed the certification of leading photovoltaic companies such as Jinko Technology and Longi, and achieved mass production.