Lucky Optoelectronic

What Lucky Optoelectronic does

Lucky Optoelectronic Materials Co., Ltd. is a Chinese manufacturer of TAC (Triacetate Cellulose) optical films, established as a standalone secondary subsidiary of state-owned China Lucky Group (which itself sits under the China Aerospace Science and Technology Corporation). The company was registered in Suqian, Jiangsu Province in December 2021, carving out the legacy Film Base Division whose roots trace back to 1959, and operates a wholly-owned Baoding Film Base Branch in Hebei Province. It serves the Chinese flat panel display industry and the polarized eyewear manufacturing sector, with a product portfolio spanning polarizer TAC film (for LCD TVs, notebooks, monitors, and automotive displays), polarized eyewear TAC film (200+ SKUs including transparent, colored, UV-protective, blue-light-protective, and photochromic variants), and functional coated TAC films (AG, AG+LR, CHC, CHC+LR, AR treatments). The company holds 60%+ domestic market share in polarized eyewear TAC film and ranks among the global top six in optical TAC film in TN/STN TFT mid-to-high-end segments.

The company's core technology is proprietary casting film technology (流延技术), involving dissolution of cellulose acetate in solvents to create a cotton gel solution, filtration through a casting die head, mixing with functional additives, and extrusion onto a support body to form continuous uniform liquid films. Production is organized across three lines: 1# and 2# lines (established 2005 and 2011, in production from 2008 and 2015 respectively) and a new 3# line in Suqian representing a 314 million yuan investment targeting TFT-grade optical TAC film at 24 million square meters annual capacity. The R&D platform supports 40+ national patents and extends into pre-research products including DCP film and PI film, plus emerging PVB film for automotive windshields and photovoltaic building integration where the company has reportedly broken foreign monopoly on raw material supply.

Revenue is generated through B2B direct enterprise sales via a dedicated sales department, with multi-year contracts and pricing handled through direct customer consultation rather than disclosed list pricing. Customer concentration is split between two primary verticals: the photoelectric display industry (LCD TV, notebook, monitor, and automotive display manufacturers) and the functional eyewear industry (polarized sunglass producers). The company is supported by central enterprise backing (CASC), state-affiliated capital from investors including CCB Investments and China Development Bank Capital, and Suqian municipal government policy support. The 2022 fiscal year marked historic highs in revenue and net profit, and the company was recognized as a Jiangsu Province Potential Unicorn Enterprise in October 2025.

Name

Lucky Optoelectronic

Legal name

乐凯光电材料有限公司

Website

https://lkgd.luckyfilm.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Lucky Optoelectronic Materials Co., Ltd. is a Chinese state-affiliated (CASC-linked) manufacturer of TAC (Triacetate Cellulose) optical films serving LCD display panel makers and polarized eyewear producers, holding 60%+ domestic eyewear TAC film share and ranking among global top six in optical TAC films.

Ownership category

akta.pro rank

Product category

Optical Film Materials

NAICS

Photographic Film, Paper, Plate, Chemical, and Copy Toner Manufacturing (325992), Ophthalmic Goods Manufacturing (339115)

SIC

Optical Instruments & Lenses (3827), Unsupported Plastics Film & Sheet (3081), Plastics Products, Nec (3089)

akta.pro primary industry

Electrical & Electronics Film/Sheet Extrusion (Insulating Films, Display/Optical Films) (IMANACAE)

akta.pro secondary industry

Lenses & Optical Accessories (Lenses, Filters, Adapters, Teleconverters) (CRACAPAF)

Keywords

• TAC optical films
• Polarizer film manufacturing
• Cast film technology
• Polarized eyewear films
• TFT-grade optical film

Headquarters

HQ city

Suqian

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. TAC Film Products: Manufacturing and sales of optical TAC films including polarizer TAC film, polarized eyewear TAC film, and functional TAC films. Primary revenue stream from domestic Chinese market with global presence in TN/STN TFT mid-to-high-end segments.
2. New Product Development (PVB Film): High-performance PVB film for automotive and photovoltaic applications - new business expansion in 十四五 period targeting automotive safety glass and solar photovoltaic building integration markets.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Lucky Optoelectronic manufactures Triacetyl Cellulose (TAC) optical films using proprietary casting film technology. The company produces polarizer TAC films for LCD flat panel displays (LCD TVs, notebooks, monitors, smartphones, tablets, automotive displays), polarized eyewear TAC films as support substrates for sunglasses and 3D glasses, and functional TAC films with high-precision coatings (AG, AR, CHC treatments). The company operates multiple production lines in Suqian (Jiangsu) and Baoding (Hebei) with over 200 product specifications.

Product overview

Lucky Optoelectronic is a leading manufacturer of TAC (triacetate cellulose) optical films in China, specializing in casting film technology. The company offers three core product lines: Polarizer TAC Film for LCD displays, Polarized Eyewear TAC Film for sunglasses, and Functional TAC Film with specialized coatings. The portfolio includes over 200 product specifications across transparent, colored, UV-protective, anti-blue light, and photochromic variants. New strategic products include TFT-grade TAC Film for high-end displays and PVB Film for automotive/construction applications. The company operates multiple production lines (1#, 2#, 3#) with research capabilities for developing next-generation casting films including DCP and PI membranes.

Differentiator

Problem solved

Functional benefit

Products and services

• Polarizer TAC Film (偏光片用TAC薄膜) TAC film used as a key raw material in polarizers for flat panel LCD displays. Available in TN/STN grade and TFT grade variants. Applications include LCD televisions, notebook computers, monitors, and automotive displays. The film is biodegradable and recyclable as a green environmental protection material.
• Polarized Eyewear TAC Film (偏光眼镜用TAC膜)

Quantifiable outcome

• Broke foreign monopoly in TN/STN TFT mid-to-high-end TAC film market - ranked among global top 6
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Yanghe Fenjiu (洋河股份)minorStrategic or Co-development Partner · 1 July 2025During leadership inspection visit to Suqian, China Lucky General Manager Li Dong visited Yanghe Fenjiu as an important partner. Through in-depth exchanges and pragmatic negotiations, both parties further enhanced mutual trust and consensus, laying a solid foundation for promoting policy implementation, efficient project execution, and multi-field cooperation.
• Suqian City Government (宿迁市政府)coreStrategic or Co-development Partner · 1 July 2025China Lucky leadership met with Suqian city leaders to discuss Lucky Optoelectronic's development in Suqian. City government provides policy support and infrastructure for the Suqian industrial park project. The 3# line project and Suqian park construction have received government backing.

Scale indicators9 records

Recent moves10 records

Expansion highlights7 records

Emerging players

• BenQ Materials: Taiwanese manufacturer of polarizer films and other optical materials for display applications. Comparable to Lucky's polarizer TAC film business in target customers (panel makers) and product category, though focused on polarizer assembly rather than base film.
• Ningbo Exciton New Material Technology: Domestic Chinese competitor in optical functional films including TAC-type products for display polarizers and eyewear. Most direct Chinese domestic peer competing with Lucky in TN/STN-grade polarizer TAC film and eyewear TAC film.
• SKC Co. Korean materials company with a specialty film business including display-related optical films. Comparable in product category (optical/functional films) and target market, though broader in overall materials portfolio than Lucky's focused TAC film positioning.

Direct peers

• Eastman Chemical: US-based manufacturer of PVB interlayer film under the Saflex brand for automotive laminated glass. Competes with Lucky's PVB film initiative in the automotive windshield market that Lucky is targeting as a new growth vertical.
• Kuraray: Japanese chemical company dominating PVB resin and interlayer film for automotive safety glass (Trosifol brand). Directly comparable to Lucky's emerging PVB film business targeting automotive windshield and architectural photovoltaic glass.
• Zeon Corporation: Japanese specialty chemicals manufacturer producing optical films for polarizers and display applications. Comparable to Lucky in technology (specialty polymer films), customer base (display makers), and category (optical films for LCD/OLED).
• Konica Minolta: Another Japanese incumbent producing TAC film for LCD polarizers across TN/STN and TFT grades. Directly comparable to Lucky's polarizer TAC film in target customers (display panel makers), application (LCD protection film), and technology (casting process).
• Fujifilm: Japanese global leader in TAC optical film for LCD polarizers, the dominant incumbent whose products Lucky explicitly aims to replace. Fujifilm's TAC film for TN/STN and TFT-grade displays is the direct competitive benchmark for Lucky's flagship polarizer film line.
• Sekisui Chemical: Japanese chemical company producing PVB interlayer film (S-LEC brand) for automotive and architectural laminated glass. A directly comparable peer for Lucky's emerging PVB film product line in automotive safety glass.
• Hefei Lucky Technology Industry: A sister subsidiary within the same China Lucky Group conglomerate also producing optical film products. Operates within the same parent ecosystem, serves overlapping customers, and represents the in-group comparison for Lucky Optoelectronic's TAC film performance and capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lucky Optoelectronic