Core Insights - The article highlights that the usage of UTG (Ultra-Thin Glass) front covers for foldable smartphones in China reached 13,000 square meters in May 2025, representing a year-on-year growth of 134.8% [1]. Group 1: Market Trends - The report covers the penetration rate and usage trends of various front cover materials in the Chinese smartphone market from January 2024 to May 2025 [3]. - It provides a detailed analysis of the sales volume and market share of front cover specifications for major smartphone brands in China [3]. Group 2: Foldable Smartphone Analysis - The report details the changes in the usage of UTG and CPI (Cover Polyimide) front covers for foldable smartphones in the Chinese market from January 2024 to May 2025 [3]. - It also examines the penetration rates of front covers for foldable smartphones during the same period [3]. - The brand market share for UTG front covers in foldable smartphones is analyzed [3]. - The brand market share for CPI front covers in foldable smartphones is also included [3]. Group 3: Brand-Specific Insights - The report includes sales volume and market share data for front cover specifications of Apple smartphones in China from January 2024 to May 2025 [3]. - It provides similar data for Huawei smartphones during the same period [3]. - The report also covers sales volume and market share for Honor, OPPO, vivo, and Xiaomi smartphones in China [3].

Core Insights - The article highlights the continuous growth in the domestic consumer-grade AR market while the VR market remains sluggish [1]. Group 1: Market Trends - The report covers monthly sales trends for consumer-grade AR/VR in China from May 2024 to May 2025, indicating a positive trajectory for AR sales [5]. - The VR market is experiencing ongoing low performance, contrasting with the growth seen in the AR segment [1]. Group 2: Market Structure - The analysis includes trends in market structure for consumer-grade AR/VR products, detailing the competitive landscape and brand performance [5]. - The report provides insights into price segment trends, showcasing how pricing strategies are evolving within the AR/VR markets [5]. Group 3: Technology Trends - The document discusses advancements in display technology and optical technology within the consumer-grade AR/VR markets, emphasizing their impact on product performance [5]. - It also includes information on the top-ranking models in both the AR and VR markets as of May 2025, reflecting consumer preferences and technological advancements [5]. Group 4: Investment and Financing - The report mentions the investment and financing situation for June 2025, indicating ongoing interest and activity in the AR/VR sector [3].

Core Viewpoint - The mobile display panel market is experiencing structural differentiation, with a-Si panels benefiting from stable demand in the mid-to-low-end market, LTPS panels driven by automotive display applications, and flexible AMOLED panels facing a slight decline in demand due to adjustments in terminal brand procurement rhythms [2][3]. Group 1: a-Si Panels - a-Si panels are seeing strong market demand driven by pre-sale preparations for the "6.18" mid-year promotion, maintaining high production capacity [3]. - The market in South China has stabilized after a brief price increase due to supply-demand tightness, with module prices for brand customers remaining stable [3]. Group 2: LTPS Panels - LTPS panels are benefiting from rapid growth in the automotive display market, with major manufacturers like BOE and Tianma maintaining full production capacity, expected to continue until the end of 2025 [3]. - However, in the smartphone sector, the trend of mid-to-high-end models shifting towards AMOLED is leading to weaker demand for LTPS panels, keeping prices at low and stable levels [3]. Group 3: AMOLED Panels - Domestic smartphone manufacturers are accelerating the shift to flexible AMOLED, resulting in a contraction in demand for rigid AMOLED [3]. - Samsung Display is implementing a proactive price reduction strategy to stimulate demand, but market feedback has been lukewarm, limiting the effectiveness of these price cuts [3]. - Some flexible AMOLED production lines have slightly reduced from full capacity, with expectations of moderate price adjustments in June to maintain operational levels, while a return to high capacity is anticipated in the third quarter as the traditional peak season approaches [3][4]. Group 4: Price Forecasts - CINNO Research predicts that a-Si panel prices will remain stable in June and July 2025, with LTPS and rigid AMOLED panel prices also expected to hold steady in the short term [4]. - Flexible AMOLED panel prices are anticipated to slightly decline in June but stabilize in the third quarter [4].

Core Viewpoint - The high-performance film industry in China is experiencing significant investment growth in Q1 2025, driven by downstream industries such as new displays and new energy [2][3][6]. Industry News Review - Multiple high-performance film projects are being planned and constructed, including projects by Xingyuan Materials, Chenlong Holdings, and others in various locations across China [2]. - In terms of financing and market expansion, companies like Fuyin New Materials and New Beauty Materials are actively engaging in mergers and acquisitions, while others are expanding production capacity [2]. - The investment amount in the high-performance film industry in China has increased year-on-year and month-on-month, with a focus on films for new display applications [3][6]. Industry Investment Trends - The investment amount in the high-performance film industry in mainland China has shown growth both year-on-year and month-on-month in Q1 2025, primarily concentrated in the new display film sector [6][8]. Industry Outlook - The global LCD display panel shipment area has increased year-on-year and month-on-month in Q1 2025, reaching a peak, which has boosted demand across the supply chain [8]. - Revenue for upstream high-performance film manufacturers has shown a mixed trend, with overall revenue declining year-on-year and month-on-month, while sales gross margins have increased [12]. - The global photovoltaic market is facing challenges, with supply-demand adjustments and structural differentiation, leading to pressure on the entire industry chain's profitability [15]. - The high-performance film industry is undergoing a transformation from policy-driven to technology-driven development, with a focus on quality and efficiency improvements [15].

Core Viewpoint - The article emphasizes the importance of risk prevention in the survival of technology enterprises and highlights the innovative development strategies in this field, particularly through the "Compass Theory" evaluation system established by Shanghai Qunhui Huashang Optoelectronics Technology Co., Ltd. [1][2] Group 1: Company Overview - Shanghai Qunhui Huashang Optoelectronics Technology Co., Ltd. was founded by Chen Liya, who has extensive experience in the semiconductor industry and aims to create a leading independent third-party consulting service platform in China [2][3]. - The company has served over 200 enterprises, identifying key industry pain points such as the lack of theoretical frameworks in local consulting firms and the limited localization capabilities of multinational consulting companies [3]. Group 2: "Compass Theory" Evaluation System - The "Compass Theory" evaluation system was developed to address the identified industry challenges, consisting of five dimensions: market penetration, product competitiveness, technology extension, resource integration, and comprehensive operational capability [3]. - This system categorizes enterprises into four development stages: Penguin, Cow, Cheetah, and Lion, providing a scientific basis for formulating differentiated strategies [3]. Group 3: Risk Prevention and Strategic Framework - The "Compass Theory" enables a paradigm shift from qualitative experience to quantitative models in risk assessment, showcasing three differentiated advantages: dynamic risk warning mechanisms, scenario-based response strategy libraries, and an ecological resource collaboration platform [3][5]. - The company aims to enhance the strategic framework for enterprise development by capturing cutting-edge trends and fostering collaboration between internal teams and external expert think tanks [5]. Group 4: Future Aspirations - Chen Liya envisions building a globally leading semiconductor industry think tank, focusing on display technology and the semiconductor sector to enhance China's industrial voice [5]. - The company seeks to leverage its innovative "Compass Theory" research system to accelerate its global technology consulting service layout, contributing to high-quality industry development with Chinese wisdom [5].

Group 1 - The article focuses on the 2025 Shanghai International Auto Show, highlighting key new models and trends in the automotive market [1][2] - It includes a detailed analysis of significant new models from domestic brands and joint ventures [2][4] - The report discusses the expansion of high-speed charging technology and the construction scale of supercharging stations [2] Group 2 - The article summarizes the development trends of domestic brands, emphasizing their growth and innovation [4] - It also outlines the development trends of joint venture brands, showcasing their competitive strategies [4] - The latest trends in in-car display technology are examined, indicating advancements in user experience [4] Group 3 - The report notes the concentrated release of new vehicles equipped with electronic external rearview mirrors (CMS) [4] - It highlights the complementary relationship between pure vision and vision + lidar solutions in intelligent driving [4]

Core Viewpoint - The global panel industry is projected to generate approximately $119.6 billion in revenue in 2024, reflecting a year-on-year growth of 6.2% [1]. Group 1: Revenue Changes and Regional Distribution - The total revenue of major global panel manufacturers for 2023 and 2024 shows significant changes, with a focus on regional distribution [2]. Group 2: Revenue and Ranking of Major Panel Companies - The revenue and ranking changes of major panel companies for 2023 and 2024 are highlighted, indicating shifts in market positions [2]. Group 3: Operating Profit and Ranking Changes - The operating profit and ranking changes of major panel companies for 2024 are analyzed, providing insights into profitability trends [2]. Group 4: Revenue Forecast for 2025 - Predictions for the total revenue of major global panel manufacturers in 2025, along with expected regional distribution changes, are discussed [2]. Group 5: Company-Specific Analysis - Detailed analysis of revenue and operating profit changes for key companies such as SDC, LGD, BOE, TCL Huaxing, Tianma, AUO, Innolux, Sharp Display, and JDI for 2024, along with their 2025 revenue forecasts [2].

期数： 2025年5月刊 分类： 会员服务—中国智能手机盖板月度市场发展趋势概况 主题： Q1'25国内市场智能手机复材后盖搭载量同比增长49%，增速放缓 概要： 内容涵盖中国市场各类材质前后盖在各类技术别智能手机中的搭载量及渗透率变化趋势， 具体分析中国市场主要品牌智能手机前后盖规格别销量和占比情况。 大纲： 1 . Q1 ' 2 3~Q1 ' 2 5 中国市场智能手机后盖渗透率变化趋势 2 . Q1 ' 2 3~Q1 ' 2 5 中国市场智能手机玻璃后盖搭载量品牌占比情况 3 . Q1 ' 2 3~Q1 ' 2 5 中国市场智能手机复合材料后盖搭载品牌占比情况 * 如 需 了 解 更 多 相 关 信 息 ， 请 订 阅 C I N N O R e s e a r c h 《 月 度 中 国 智 能 手 机 盖 板 市 场 分 析 报 告 》 。 联系我们 6 . Q1 ' 2 3~Q1 ' 2 5 中国市场华为智能手机后盖规格别销量及占比情况 7 . Q1 ' 2 3~Q1 ' 2 5 中国市场v i v o智能手机后盖规格别销量及占比情况 8 . Q1 ' 2 3~Q1 ' 2 5 中国市场小米智能手机 ...

Core Viewpoint - The tariff policy will act as a persistent structural variable, forcing the industry to transition towards a "multi-centered supply chain paradigm" [2][19]. Group 1: Tariff Policy Impact - The recent U.S.-China tariff agreement has temporarily alleviated short-term cost pressures, catalyzing growth in China's new energy component exports, particularly in technology-intensive products such as intelligent driving, lightweight materials, and high-pressure fast-charging modules [2]. - Major affected global automakers include Toyota, Hyundai, General Motors, Honda, and Nissan, while Chinese component manufacturers face relatively minor direct impacts [2][3]. Group 2: U.S. Automotive Market Trends - In 2024, U.S. automotive sales are projected to increase by 3% to 16.03 million units, with imports accounting for 50% of total sales, and Mexico being the largest source of imported vehicles at 18% [5][6]. - The number of vehicles imported from China is expected to surge by 55% to 116,000 units in 2024, although this still represents only 1.8% of China's total automotive exports [8]. Group 3: Import and Export Dynamics - The import value of vehicles from Mexico is projected to rise by 13% to $78.5 billion in 2024, while the import value from China remains significantly lower, ranking tenth [6]. - U.S. exports of vehicles to China are expected to decline by 22% to approximately 100,000 units, with Mercedes accounting for half of this volume [13]. Group 4: Component Trade - The U.S. maintains a steady import value of around $18 billion for components from China, while exports to China have been decreasing [15][17]. - In 2024, the leading markets for U.S. component exports are Mexico and Canada, with Mexico's market showing a 5% increase to $38.8 billion [16]. Group 5: Industry Response Strategies - The tariff impacts are driving the industry to adopt three typical response paths: price transmission, trade avoidance, and capacity restructuring, which may increase short-term supply chain volatility and market competition stratification [19]. - Companies are encouraged to establish a "tariff elasticity coefficient" monitoring system to dynamically assess policy impacts and incorporate geopolitical risks into strategic planning [19].

Core Viewpoint - The domestic display industry is continuously upgrading towards high-end fields, driven by policy support and technological iteration, leading to significant growth in the upstream equipment market [2] Group 1: Market Performance - In Q1 2025, BOE's revenue reached 50.6 billion yuan, a year-on-year increase of 10.3%, with net profit rising 64.1% to 1.61 billion yuan [3] - TCL Technology reported a revenue of 40.1 billion yuan, with net profit soaring 322% to 1.01 billion yuan in the same period [3] Group 2: Capacity and Production - By 2024, Chinese manufacturers' LCD capacity accounted for nearly 70% of the global total, making China the largest LCD producer [4] - Chinese manufacturers' OLED capacity reached nearly 30% of the global total in 2024, with ongoing expansions in OLED production lines [4] Group 3: Investment in Equipment - Equipment investment in panel production lines can account for up to 80% of total project costs, with BOE's G8.6 AMOLED project costing 63 billion yuan, of which over 50 billion yuan was for equipment [5][6] - The continuous investment in production lines and equipment is providing substantial market demand for the upstream equipment industry, establishing a solid foundation for long-term growth [6] Group 4: Domestic Equipment Development - Domestic display process equipment has gradually advanced from non-critical areas, achieving over 85% localization in the Module segment [8] - In the Cell segment, localization rates are below 50%, while the Array segment remains below 20% due to its complexity and high investment costs [11][12] Group 5: Competitive Landscape - Domestic companies like Zhongdao Optoelectronics have captured over 70% of the Array AOI market share in 2024, significantly reducing the market share of foreign competitors like Orbotech [17] - The shift towards domestic equipment has been accelerated by the emphasis on supply chain security amid geopolitical tensions [15][16] Group 6: Future Outlook - The display industry is expected to continue its growth trajectory, with a focus on semiconductor detection as a new area for domestic equipment manufacturers [19] - The global TFT-LCD and AMOLED panel market value is projected to reach $120 billion in 2024, with Chinese manufacturers accounting for approximately $57.5 billion, representing 48% of the global market share [19]