Recently, during a research expedition conducted by Wanlian Securities, Laibao Hi-Tech revealed that its Microcavity Electronic Display (MED) project—boasting a substantial total investment of 9 billion yuan—is rapidly advancing. Presently, key imported machinery has been successfully delivered, installed, and is currently undergoing meticulous debugging. The calibration of equipment for the preliminary stages of production is proceeding without a hitch, with certain apparatus having already completed initial operational tests and now transitioning into the process debugging phase. The renovation endeavors for the factory building and its ancillary facilities, along with the construction of the new module workshop and warehouse—projects overseen by the government—have reached their concluding stages of completion.

The company has set its sights on activating the production line by the end of September 2026; however, it acknowledges that the necessary conditions for actual production will not be in place during the first half of the year. The activation of the product line is intended solely as a comprehensive inspection of the entire production process flow. Prior to achieving full-scale mass production, several subsequent phases must be successfully navigated, including capacity expansion, yield enhancement, and customer certification.

The MED project is strategically positioned to target the medium-to-large-sized color electronic paper market, with potential applications spanning electronic schoolbags, extended displays, electronic bus stop signage, and beyond. Upon reaching full operational capacity, the project is projected to generate an impressive average annual sales revenue of 9.167 billion yuan.