Core Viewpoint - Samsung has officially launched the world's first inward-folding tri-fold smartphone, the Galaxy Z TriFold, showcasing advanced display technology and innovative design features [1][3]. Display Features - The Galaxy Z TriFold features a 10-inch Dynamic AMOLED main screen with a resolution of 2160 x 1584, supporting a 1-120Hz adaptive refresh rate and a peak brightness of 1600 nits. The external screen measures 6.5 inches with a resolution of 2520 x 1080, also supporting a 1-120Hz adaptive refresh rate and a brightness of 2600 nits, with a 21:9 aspect ratio [1]. Design and Build - In terms of dimensions, the Galaxy Z TriFold is only 3.9 mm thick at its thinnest point when unfolded, with a central thickness of 4.2 mm and a side button thickness of 4.0 mm. The device weighs 309 grams and features Corning Gorilla Glass Ceramic 2, titanium alloy hinges, and a high-strength armor aluminum body [3]. - The folding mechanism differs from Huawei's Mate XT, with Samsung employing a G-shaped folding design that allows the flexible large screen to be fully housed within the device, while Huawei uses a Z-shaped design that leaves part of the screen exposed when folded [3]. Camera and Performance - The camera system includes a vertical pill-shaped camera island with three cameras: a 200-megapixel wide-angle sensor with 2x optical zoom, a 12-megapixel ultra-wide lens, and a 10-megapixel telephoto lens. The external screen has a 10-megapixel front camera, and the main screen integrates another 10-megapixel under-display camera [4]. - The Galaxy Z TriFold is powered by a custom Snapdragon 8 Elite for Galaxy chip (3nm process) and features a 5600mAh battery with Super Fast Charging 2.0 (45W), capable of charging to 50% in approximately 30 minutes. It comes with 16GB of RAM and storage options of 512GB or 1TB [4]. Market Availability - The Galaxy Z TriFold will first launch in South Korea on December 12, with a starting price of 3,590,400 KRW (approximately 17,302 CNY). It is expected to be available in China, Singapore, and the UAE by the end of December, with a planned release in the United States in the first quarter of 2026 [4].

Group 1 - LG Display plans to sell its P2 and P3 production lines and 200,000 square meters of land in the Gumi National Industrial Complex to Mico Ceramics, which will help improve LG Display's financial situation and provide space for Mico Group's hydrogen fuel cell business [1][4] - LG Display is gradually exiting the LCD market due to competition from Chinese LCD panel manufacturers and is accelerating its transition to the OLED sector [2] - In 2024, LG Display sold its Guangzhou LCD factory to TCL Huaxing Optoelectronics for 11.088 billion RMB and announced plans to invest in a small and medium-sized OLED production line at its Paju factory [2] Group 2 - Mico Power plans to build a hydrogen fuel cell factory on the acquired land, with a production scale expected to exceed 100 megawatts to meet global market demand [4] - Hydrogen fuel cells utilize an environmentally friendly power generation method, achieving zero carbon emissions by using only hydrogen [4] - LG Display continues to produce automotive LCD and OLED products at its Gumi facility, which has been primarily used for small display production lines [4]

Core Viewpoint - The establishment of a joint venture, Hefei Xindongjin New Materials Technology Co., Ltd., by Hanbo High-tech, Beijing Xinjing Technology Co., Ltd., and Qingdao Chuxin Ruibo Venture Capital Fund, aims to invest in or acquire foreign wet electronic chemical projects in China [1][3]. Group 1: Joint Venture Details - The registered capital of the joint venture is 440 million yuan, with Hanbo High-tech and Beijing Xinjing each contributing 200 million yuan for a 45.4545% stake, while Chuxin Ruibo Fund contributes 40 million yuan for a 9.0910% stake [2]. - The joint venture will not be included in Hanbo High-tech's consolidated financial statements and does not constitute a controlling subsidiary [2]. - The joint venture is expected to enhance Hanbo High-tech's strategic layout and create synergies through collaboration with professional investment institutions and industry partners [3]. Group 2: Strategic Importance - The joint venture will serve as a key platform to enter high-tech, high-growth potential areas, helping to acquire advanced production technologies and quality customer resources [3]. - This initiative is anticipated to strengthen the company's core competitiveness in high-end display and semiconductor materials, optimize cost structures, and improve profitability and capital efficiency [3]. Group 3: Financial Performance - In Q3, Hanbo High-tech reported revenue of 870 million yuan, a year-on-year increase of 33.34%, and a net profit of 17.66 million yuan, marking a return to profitability [5]. - For the first three quarters, the company achieved a revenue of 2.424 billion yuan, up 44.06% year-on-year, although it recorded a net loss of 87.87 million yuan [5].

= TrendForce 显示器研究中心 AMOLED产业链报告 ● 技术及市场现状 ● 面板出货追踪 ● 整机出货量及预测 近日，韩国媒体 The Elec 报道， 三星显示近期对中小型显示事业部进行组织升级，其中最受关 注的变化是，负责苹果业务的A开发团队正式 升级 为"A开发室"。 据悉 ，此举旨在整合原本分散的职能，提升对苹果 相关项目的 响应能力。与此同时，A事业团队 下属的A销售团队将转隶至战略营销室，进一步优化业务流程。 此外， 三星显示 在 中小型 显示 事业部内成立了"M事业化团队"，负责 用于 XR设备 的 1英寸 微型显示器业务 。此前，该业务由社长直属的M-PJT团队主导，调整后业务推进将更加体系化。 相较之下，大型显示事业部本次并未进行结构调整。 IT事业团队也迎来功能扩充，新增驱动开发、模组开发以及CELL外包等多项业务模块。 韩媒表 示， 今年7月，三星显示已为IT事业团队增设IT销售团队，外界认为此举是为应对IT OLED市场扩 张，特别是为计划于明年投产的IT 8 .6 代OLED产线（A6）提前锁定客户。A6产线未来将量产包 括苹果MacBook在内的多款IT OLED产品 ...

Core Viewpoint - Noctiluca, a Polish OLED materials company, has signed a Material Transfer Agreement (MTA) with a Chinese flat panel display manufacturer to provide key OLED materials for testing in next-generation OLED structures [1][3]. Group 1: Agreement Details - The agreement involves Noctiluca supplying samples of its self-developed OLED key materials, including Electron Injection Layer (EIL) and Electron Transport Layer (ETL) materials, for in-depth testing by the Chinese company [3]. - The collaboration focuses on extending the lifespan of OLED devices, improving energy efficiency, and enhancing display performance under high brightness conditions to meet the demands of high-end applications such as smartphones, wearables, automotive displays, and AR/VR systems [3]. Group 2: Strategic Importance - Noctiluca's board stated that this agreement is a crucial part of the company's global strategy, with China being a key market for business and technology expansion [4]. - This MTA marks the eighth cooperation agreement Noctiluca has signed with Chinese companies this year, further solidifying its strategic position in the global OLED materials supply chain [4]. Group 3: Product Portfolio - Noctiluca's core products include blue fluorescent/TADF emitting materials, multi-generation combination materials with super fluorescent properties, and the NCEIL series charge transport materials for EIL and ETL applications, targeting display screens and lighting sources [4]. - The company has established partnerships with major panel manufacturers and end brands across Asia and Europe, indicating a broad customer base [4].

Core Viewpoint - The acquisition of Pioneer Corporation by CarUX, a subsidiary of Innolux Corporation, enhances CarUX's position in the global smart cockpit market by integrating Pioneer’s expertise in automotive audio, multimedia systems, and human-machine interface (HMI) software development [1][3]. Group 1: Acquisition Details - On December 1, CarUX announced the completion of the acquisition of Pioneer Corporation, making Pioneer a subsidiary of CarUX [1]. - The acquisition was part of a deal where EQT private equity fund sold 100% of Pioneer’s shares to CarUX for 163.6 billion yen (approximately 7.72 billion RMB) [3]. Group 2: Pioneer Corporation Overview - Pioneer, established in 1938, is a well-known supplier of automotive audio and navigation systems, providing solutions to major automotive manufacturers including Toyota [3]. - Under EQT's five-year restructuring plan, Pioneer focused on core automotive audio technologies and launched a new generation of automotive amplifier platforms, while also expanding into mobility services and AI-connected products [3]. Group 3: CarUX Overview - CarUX specializes in smart cockpit display solutions and has over 20 years of experience in automotive display and touch technology, offering a range of display technologies from LCD to Micro LED [4]. - For 2024, CarUX is projected to achieve revenues of approximately 50 billion New Taiwan Dollars (around 11.28 billion RMB) [4]. Group 4: Strategic Implications - The acquisition allows CarUX to integrate Pioneer’s strengths in audio, HMI, and software platforms, aiming to create a comprehensive smart cockpit system that enhances visual, auditory, and interactive experiences [4]. - This strategic move is expected to facilitate CarUX's entry into the supply chains of Japanese automotive manufacturers and expand its market penetration in the Asia-Pacific region [4].

Group 1 - The core viewpoint of the article is that CITIC Securities has submitted a report for the initial public offering (IPO) and listing guidance for Beijing Xiahe Technology Co., Ltd. on November 21, 2023, with the current status being "guidance filing" [1] - Beijing Xiahe Technology was established on May 23, 2017, with a registered capital of 360 million RMB and is primarily focused on the research, production, and sales of OLED organic light-emitting materials [2][3] - The major shareholder of Xiahe Technology is SHAH-HERR CORPORATION, holding a 27.80% stake in the company [2] Group 2 - Xiahe Technology has completed 8 rounds of financing since 2018, with the highest disclosed amount reaching 300 million RMB, and in March 2023, Yida Capital announced an investment of several million RMB in the company [3] - The company’s subsidiary, Xiahe Jiangsu, has a production line with an annual capacity of 18.9 tons for OLED materials, which was put into operation in June 2023 with a total investment of 1.05 billion RMB [3] - A new R&D platform project for OLED materials is planned with an investment of 20 million RMB, aiming for an annual production capacity of 18 tons, which will focus on the research and production of doping materials, main materials, and transport materials [4]

Core Viewpoint - Huike Co., Ltd. has resumed its IPO review process after updating its financial documents, with an expected fundraising amount of 8.2 billion yuan for various projects in the semiconductor display sector [1][3]. Group 1: IPO Details - Huike's IPO was accepted by the Shenzhen Stock Exchange on June 30, 2025, and was inquired on July 11, 2025 [2]. - The company aims to raise 8.5 billion yuan for projects including the "Changsha New OLED R&D Upgrade Project" (total investment of 3 billion yuan), "Changsha Oxide R&D and Industrialization Project" (total investment of 3 billion yuan), and "Mianyang Mini-LED Intelligent Manufacturing Project" (total investment of 2.5 billion yuan) [2]. - The IPO was previously halted in September 2025 due to the expiration of the financial data in the application documents, which required resubmission [3][4]. Group 2: Company Overview - Huike specializes in the semiconductor display field, focusing on the R&D and manufacturing of semiconductor display panels and smart display terminals [4]. - The company operates four G8.6 generation production lines and multiple smart display terminal production bases, with significant investments in projects located in Chongqing, Chuzhou, Mianyang, and Changsha [4]. - The total investment for the G8.6 generation LCD panel production lines in Chongqing, Chuzhou, and Mianyang is 24 billion yuan each, while the Changsha project has an investment of 28 billion yuan [4]. Group 3: Financial Performance - Huike's revenue for the years 2022, 2023, and 2024 is projected to be 26.965 billion yuan, 35.824 billion yuan, and 40.282 billion yuan, respectively, with net profits of -1.421 billion yuan, 2.582 billion yuan, and 3.320 billion yuan [4]. - In the first half of 2025, the company achieved a revenue of 18.997 billion yuan and a net profit of 2.162 billion yuan [5].

Core Viewpoint - Dongrou New Materials Co., Ltd. has secured a new round of financing from Unico, indicating strong investor interest in the high-end film materials sector [1] Group 1: Company Overview - Dongrou New Materials was established in May 2021, focusing on the research and production of high-end film materials, including flexible OLED specialized films, key films for semiconductor processes, high-performance explosion-proof and optical films for the automotive sector, and antibacterial films for health applications [1] - The company collaborates with major panel manufacturers such as BOE, Samsung, Tianma, Visionox, and Huagui Optoelectronics, and supplies film materials to smartphone brands like Huawei and VIVO [2] Group 2: Production Capacity and Investment - Dongrou New Materials plans to achieve full production capacity of 50 million flexible OLED optical films per year by 2024 [2] - To meet market demand and enhance competitiveness, the company intends to invest 114.542 million yuan to purchase new equipment in existing vacant production areas, aiming to add an annual production capacity of 50 million flexible OLED optical films and 2 million advanced functional films [2] - After the implementation of these projects, the total production capacity will reach 100 million flexible OLED optical films and 2 million advanced functional films annually [2] Group 3: Industry Trends - The optical film materials industry is experiencing accelerated development in various regions, with recent projects such as the completion of the Hefei New Station high-end optical film production base and the commencement of a project in Jiangmen City by Delixi Group and Jingzhi Yinuo [3][4] - The Hefei project focuses on high-end optical film production and aims to enhance the resilience of the supply chain by clustering membrane material enterprises [3] - The Jiangmen project will produce next-generation high-transmittance anti-peep films, high-definition projection screens, and high-performance brightness-enhancing films, with an expected production capacity of 300,000 square meters of film materials per year upon completion [4]

Core Viewpoint - Jingzhou Equipment has become the first company to achieve the localization of G6 coating and developing equipment, successfully integrating its self-developed equipment into the production lines of leading domestic display companies [1]. Group 1: Company Achievements - Jingzhou Equipment's self-developed G6 coating and developing equipment has completed the production line integration and process validation at a leading domestic display enterprise [1]. - The coating and developing equipment is a core process in display panel manufacturing, with its precision directly affecting product yield, a market traditionally dominated by foreign companies [1]. - The company has filled the gap in high-end coating and developing equipment through its self-research and development efforts [1]. Group 2: Product and Market Position - Jingzhou Equipment specializes in providing high-end wet process equipment and technology for three major fields: flat panel displays, photovoltaics, and semiconductors, with products including high-precision cleaning, coating, developing, etching, and stripping equipment [2]. - In the flat panel display sector, the company has established a comprehensive application layout for wet process equipment across various processes, covering G2.5 to G10.5 series [2]. - Multiple devices from Jingzhou Equipment have successfully won bids for projects from leading panel companies such as TCL Huaxing, Visionox, and BOE, with specifications covering 6th and 8.6th generation LCD/OLED production lines [2].