Mini LED direct display ushers in its explosive first year. In 2019, the size of China's Mini LED market was around 1.6 billion yuan, and it is expected to reach 3.78 billion yuan in 20 years, a year-on-year increase of 140%; The forward-looking research institute predicts that the market size of China's Mini LED industry is expected to exceed 40 billion yuan in 2026, and the CAGR from 2020 to 2026 will reach 50%. The company's six joint solid crystal machines opened up a sales situation in 2019, achieving a sales revenue of 32.3881 million yuan in 2020. Customers include Hongli, Zhouming Technology, Jingtai Optoelectronics, Zhongqi, etc. As of December 31, 2020, the total amount of orders in hand for the company's Mini LED solid crystal machines was 47.319 million yuan, and the explosion of Mini orders will drive up the volume and price of LED solid crystal business.

The backlight industry is expected to experience a concentrated outbreak in the next two years. Apple is testing the Mini LED backlight and releasing the latest iPad Pro. TV manufacturers such as Samsung and TCL are gradually launching Mini LED backlight TVs. The Mini industry will usher in a resonance between direct display and backlight, jointly promoting the rapid development of the LED solid-state industry.

The import substitution space for semiconductor packaging equipment business is huge and is about to expand. The global packaging equipment scale is expected to reach 3.5 billion US dollars in 2020, and exceed 5 billion US dollars by 2022. Currently, the localization rate of domestic packaging equipment is less than 10%, and there is huge space. The technology of LED and semiconductor solidification is the same, and the company is expected to replicate the success of LED solidification and achieve high-speed growth in semiconductor packaging business.