Core Viewpoint - Shenzhen Textile Holdings Limited's subsidiary, Shenzhen Shengbo Optoelectronics Technology Co., Ltd., plans to collaborate with Hefei New Mei Materials Technology Co., Ltd. for the procurement of PET protective films and coating materials, with a total transaction amount not exceeding RMB 193 million by 2025 [2][3]. Group 1: Collaboration Details - The collaboration is necessitated by the previous supplier, LG Chem, selling its polarizer materials division to Hefei New Mei, prompting Shengbo Optoelectronics to secure a stable supply of raw materials for polarizer production [3]. - This transaction is characterized as a normal commercial activity aimed at ensuring the stability and safety of raw material supply, which is crucial for production operations and customer order fulfillment [3]. Group 2: Business Operations - The polarizer business is a significant segment for Shenzhen Textile, primarily operated by its subsidiary Shengbo Optoelectronics, which currently has six production lines for polarizers covering various applications including TN, STN, TFT, OLED, 3D, dye films, and touch screen optical films [3]. Group 3: Financial Performance - For the first half of 2025, Shenzhen Textile reported revenue of RMB 1.6 billion, a year-on-year decrease of 1.4%, and a net profit attributable to shareholders of RMB 35.23 million, down 19.7% year-on-year [3]. - In the second quarter, the company’s revenue was RMB 823 million, reflecting a year-on-year decline of 4.6%, while the net profit attributable to shareholders was RMB 14.37 million, a significant drop of 37.8% year-on-year [3].

Core Viewpoint - The article discusses the advancements in RGB Mini LED backlight technology, highlighting its superiority over traditional backlight solutions in terms of color purity, saturation, contrast, brightness control precision, and energy consumption. It emphasizes the competitive advantage this technology provides to TV brands, particularly TCL, which has launched new products featuring this technology in 2023, setting the stage for rapid growth in the RGB Mini LED TV market by 2025 [2][20]. Summary by Sections RGB Mini LED Technology - RGB Mini LED technology allows for independent control of light and color using three color sources, resulting in enhanced display quality compared to traditional backlighting [2]. - TCL has introduced the "RGB万象分区" technology to address common issues such as color bleeding and distortion, utilizing a comprehensive system that integrates hardware and software for improved light and color control [6][8]. TCL Product Launches - TCL's Q10M Ultra TV features the latest RGB Mini LED technology, achieving 100% BT.2020 high color gamut and 91.3% ultra-high color volume, with 120 bits of color control precision for natural and accurate color transitions [3]. - The Q10M Ultra supports up to 16,848 RGB万象分区, delivering a peak brightness of 9,000 nits, with pricing for 85, 98, and 115-inch models set at 27,999 yuan, 49,999 yuan, and 99,999 yuan respectively [8]. - The Q9M model aims to penetrate the mid-range market, being the first RGB Mini LED TV priced under 10,000 yuan, featuring 100% BT.2020 high color gamut and 87% color volume, with a brightness of 2,000 nits [9][12]. SQD-Mini LED Technology - TCL's X11L series utilizes SQD-Mini LED technology, which offers advantages over traditional quantum dot technology, including a 69% reduction in color point deviation and 10.7 billion color levels [15]. - The X11L series boasts a peak brightness of 10,000 nits and features advanced technologies such as无影均光塔 and dynamic light domain reconstruction, with pricing for 75, 85, and 98-inch models at 19,999 yuan, 34,999 yuan, and 59,999 yuan respectively [17]. Market Trends - As of September 2023, five RGB Mini LED backlight TVs have been launched, with Sony also announcing new products utilizing next-generation RGB LED backlight technology [18]. - Despite the advantages of RGB Mini LED, the white light Mini LED market remains robust and continues to grow, with 43 new white light Mini LED TV models launched by early September 2023 [20].

Core Viewpoint - TrendForce's latest survey indicates that global smartphone production is expected to reach 300 million units in Q2 2025, driven by seasonal demand and recovery in production from brands like Oppo and Transsion, reflecting a quarter-on-quarter increase of approximately 4% and a year-on-year increase of 4.8% [2]. Group 1: Smartphone Production Overview - In Q2 2025, the top six smartphone brands maintained a combined market share of around 80% [5]. - Samsung, the leading manufacturer, produced approximately 58 million units, experiencing a quarter-on-quarter decrease of 5% [3]. - Apple, in second place, produced 46 million units, down 9% quarter-on-quarter, but up 4% year-on-year, driven by the new iPhone 16e [5]. - Xiaomi ranked third with a production of 42 million units, showing a 1% increase quarter-on-quarter, supported by expansion into emerging markets [3]. - Oppo's production rose significantly by 35% quarter-on-quarter to nearly 37 million units, as inventory adjustments concluded [5]. - Transsion produced over 27 million units, marking a 33% increase quarter-on-quarter and a year-on-year growth of 15.7% [6]. - Vivo's production reached 26 million units, up 8% quarter-on-quarter, benefiting from overseas market contributions and China's subsidy policies [6]. Group 2: Market Dynamics and Trends - The Chinese smartphone subsidy policy temporarily boosted sales of mid-range products and helped reduce inventory, but its overall impact on annual sales is expected to be limited due to constraints on subsidy amounts and product coverage [2]. - The second half of the year is anticipated to see traditional peak season and e-commerce promotions, which will help maintain a quarterly growth pattern for smartphone production throughout the year [2].

Core Viewpoint - LG Electronics is enhancing its presence in the display technology market by installing innovative transparent OLED signage and Micro LED displays in the newly opened commercial complex NEWoMan TAKANAWA in Tokyo, Japan [2][4]. Group 1: Transparent OLED Signage - LG Electronics has installed a 380-inch transparent OLED display in the event hall on the third floor of the North Building, providing visitors with a unique blend of virtual and real experiences [2]. - The company has also integrated 16 units of 55-inch transparent OLED signage in an 8×2 array, showcasing the technology's ability to seamlessly blend into various environments [2]. - The transparent OLED signage features a modular design that allows for seamless four-sided splicing, enabling the creation of transparent video walls of any size [2]. Group 2: Micro LED Displays - The LG MAGNIT Micro LED displays have been installed at the entrances of both the North and South Buildings, enhancing the immersive experience for visitors [4]. - In the North Building, a vertical display measuring 2.4 meters in width and 7.45 meters in height has been installed, while the South Building features a horizontal display measuring 9 meters in width and 2.02 meters in height [4]. - LG MAGNIT displays utilize Micro LED technology with a width of less than 100μm, offering self-emissive capabilities, high clarity, excellent color reproduction, and precise image processing [5]. Group 3: Market Developments - In May 2023, LG Electronics launched a 136-inch MAGNIT conference all-in-one machine in the European and American markets, featuring active AM glass-based driving technology with a pixel pitch of P0.78 [6]. - In July 2023, LG Electronics created the largest MAGNIT Micro LED display in North America at the AT&T Stadium in Dallas, providing an immersive visual experience for spectators [6]. - The company has also introduced 118-inch and 136-inch MAGNIT products for home use, priced at approximately RMB 1.737 million and RMB 2.199 million, respectively [6].

Core Viewpoint - TCL Technology is investing 29.5 billion yuan to build an 8.6-generation inkjet printing OLED production line in Guangzhou, aiming to meet the growing market demand for OLED displays in various applications, including IT products and gaming [2][4][10]. Investment and Production Details - The new production line will have a glass substrate size of 2290mm x 2620mm and a capacity of 22,500 sheets per month, with a planned construction period of 24 months, expected to start operations in November 2025 [3][4]. - This investment is a response to the increasing demand for OLED displays, as existing production capacities are unable to meet market needs [4][11]. Technology and Market Trends - The investment aligns with the trend of high-generation OLED production, as traditional 5.5-generation lines are not economically viable for larger IT panels due to low glass substrate utilization [4][10]. - The inkjet printing OLED technology is expected to significantly reduce production costs and improve efficiency, making it suitable for mid-size displays in the IT market [10][13]. Competitive Landscape - The global OLED market is seeing a shift, with TCL and other Chinese manufacturers aiming to challenge the dominance of Korean firms by adopting innovative technologies like inkjet printing, which bypass traditional evaporation methods [5][19]. - As of now, there are four 8.6-generation OLED production lines globally, with TCL's line being one of the largest in terms of capacity [17][18]. Future Outlook - The successful implementation of the inkjet printing OLED technology could lead to a "price revolution" in mid-size OLED panels, making them more accessible in mainstream consumer markets [16][20]. - The competition in the OLED market is expected to intensify, with various technologies coexisting, including FMM evaporation, inkjet printing, and ViP technology, each vying for market share [20][21].

9月12日晚，TCL科技宣布，为实现公司在高世代印刷OLED的产业化，TCL科技、TCL华星与广州市 人民政府、广州经济技术开发区管理委员会共同签署项目合作协议，拟共同建设一条月加工2290mm× 2620mm玻璃基板能力约2.25万片的第8.6代印刷OLED显示面板生产线（以下简称"t8项目"或"本项 目"），主要产品涵盖平板、笔记本电脑、显示器等应用领域。 公告显示，广州华星光电印刷显示技术有限公司（以下简称"项目公司"）为项目公司，负责项目建设 和运营，t8项目预计总投资约人民币295亿元，各方同意共同出资147.5亿元到项目公司注册资本金， 其中：TCL华星出资人民币88.5亿元；广州市人民政府及广州经济技术开发区管理委员会统筹协调的 国企（以下简称"国有股东"）共计出资人民币59亿元。如果t8项目获得其他投资，则按照注册资本总 额减去获得的其他投资金额，再由TCL华星与国有股东按照60%：40%的比例认缴出资。t8项目总投资 与注册资本的差额部分，通过项目公司向银团贷款等符合适用法律的任何方式解决。 增资安排方面，先由TCL华星在广州市黄埔区注册成立项目公司，后续TCL华星与国有股东在依法依 规履行 ...

Core Viewpoint - BOE showcased over 200 innovative display technologies at the BOE IPC 2025 Global Innovation Partner Conference, highlighting advancements in flexible OLED and MLED technologies [2][4]. Group 1: Flexible OLED Technology - The world's first 17-inch rollable light terminal was introduced, measuring approximately 18 cm in length, 22 cm in width, and less than 50 microns in thickness, capable of rolling 6.5 times without creasing, and displaying a clear 3K resolution [4]. - This rollable terminal utilizes BOE's proprietary graphical technology and incorporates over 100 patents, featuring horizontal rigidity and vertical flexibility, with future applications in portable laptops and LCD TVs [4]. Group 2: MLED Technology - BOE launched the BYH Ultra P0.9 MLED product, achieving an ultra-high contrast ratio of 20,000:1 in a 10 lux environment [4]. - The new generation COG P0.9 seamless splicing display module is only 6 mm thick and weighs 12 kg/m², showcasing significant advancements in display technology [4]. Group 3: Other Display Innovations - The conference featured a 110-inch UB Cell 4.0 TV with ultra-high ambient light contrast and a 31.5-inch 8K 240Hz UB Cell monitor, emphasizing high refresh rates and dynamic range [5]. - Additional products included light-sensitive screens, eye-care tablets, and circular polarized e-sports monitors, all powered by BOE's natural light display technology [5].

Core Viewpoint - The strategic cooperation agreement between Huike and Zhifang marks a significant milestone in the intelligent transformation of the display industry, with plans to deploy over 1,000 intelligent robots in production bases globally within three years, amounting to nearly 500 million yuan in orders [2][5]. Group 1: Strategic Cooperation - Huike's subsidiary, Shenzhen Huizhi Internet of Things Technology Co., Ltd., signed a comprehensive strategic cooperation agreement with Zhifang (Shenzhen) Technology Co., Ltd. in the semiconductor display field [2]. - The agreement includes the deployment of over 1,000 intelligent robots across Huike's global production bases, covering the entire process from warehousing logistics to quality inspection [2][5]. Group 2: Application and Technology Development - The PCB operation has been selected as the first demonstration scenario for the intelligent robots, which are driven by the "Vision-Language-Action" (VLA) model [4]. - Huike plans to integrate AI edge models into its production line control systems to achieve lower latency in real-time decision-making and more efficient energy management [5]. - A specialized technical team will be formed to develop next-generation models for industrial operations, aiming to create "intelligent workers" that understand the screen manufacturing process [5].

Core Viewpoint - The domestic display industry is experiencing significant project advancements, including the introduction of the Korean JHONE semiconductor wafer carrier project in Haimen Economic Development Zone and the inauguration of Zhejiang's first electronic paper world exhibition hall in Tongxiang [2]. Group 1: Haimen Economic Development Zone and JHONE Project - Haimen Economic Development Zone signed an investment agreement with Korean JHONE for a semiconductor wafer carrier project on September 8 [3]. - The total investment for the project is 300 million yuan, with 180 million yuan allocated for equipment. The project aims to establish a platform focused on DSP Carrier and OLED CVD FMM Sticker, with plans to expand into various consumables such as wafer boxes and electrostatic chucks [5]. - JHONE is one of the few companies capable of developing and manufacturing high-precision components and core consumables for OLED and semiconductors, supplying products to several internationally renowned companies [5]. - The semiconductor industry is a key development direction for Haimen Economic Development Zone, which has attracted nine projects this year, including JHONE [5]. Group 2: Zhejiang Electronic Paper World Exhibition Hall - Zhejiang's first electronic paper world exhibition hall, created by Electronic Paper Technology (Zhejiang) Co., Ltd., was officially inaugurated on September 9 [6]. - The project focuses on the research and production of electronic paper and new display products, including a 2.2 mm ultra-narrow bezel high-resolution (235 DPI) electronic paper and a 3.98-inch high-definition module with rounded corners (238 DPI) [7]. - The project is progressing smoothly, with the first phase of a cleanroom facility completed and production equipment being installed and debugged, expected to commence production by mid to late October. The total investment for both phases is approximately 100 million yuan, with an anticipated annual output value exceeding 500 million yuan upon reaching full capacity [7].

Core Viewpoint - BOE's revenue and net profit for the first half of the year have increased year-on-year, with significant improvements in operational efficiency for certain production lines, particularly in Hefei and Chongqing [2]. Group 1: Financial Performance - In the first half of the year, BOE's operating revenue and net profit attributable to shareholders have shown year-on-year growth [2]. - The net profit for the Hefei G8.5 line increased by 82%, while the Chongqing G8.5 line saw a 33% increase [2]. Group 2: LCD and OLED Business - The LCD revenue proportion increased from 73% in 2024 to 76% in 2025, driven by national subsidy policies and demand shifts, with IT products being the largest category [2]. - BOE shipped over 71 million OLED products in the first half of the year, marking a 7.5% year-on-year growth [2]. Group 3: Technology and Production Lines - The chairman of BOE, Chen Yanshun, discussed the trends in OLED technology, noting that the 6th generation lines predominantly use LTPO+LTPS processes, while the 8.x generation lines show some divergence [4]. - The 8.6 generation OLED production line is expected to produce products by October 2026, primarily targeting medium-sized panels while being compatible with smaller sizes [4]. Group 4: Capital Expenditure and Depreciation - The CFO of BOE, Yang Xiaoping, indicated that there will be no significant capital expenditure in the LCD sector, and limited expansion in OLED production is anticipated [7]. - The depreciation related to LCD is nearing completion, with a peak expected in 2025, after which depreciation will significantly decrease [7].