Core Viewpoint - Haier Philippines launched a new Mini LED TV series in collaboration with local retailer Abenson, showcasing advanced display technology and enhanced audio features [1]. Group 1: Product Features - The new Mini LED TV series utilizes micron-level Mini LED backlight technology, with evenly distributed light beads on the back panel, allowing for more local dimming zones, which improves brightness and contrast [3]. - The TVs support HDR10 and Dolby Vision, resulting in finer picture quality [3]. Group 2: Audio Experience - Haier partnered with audio brand KEF to equip the TVs with Dolby Atmos and dbx-TV technology, providing a more immersive surround sound experience [4].

Core Viewpoint - The article highlights the acceptance of Visionary Technology's IPO application on the Sci-Tech Innovation Board, aiming to raise 2.015 billion yuan for production line expansion and R&D center construction to enhance capacity and technology optimization [1]. Company Overview - Visionary Technology, established in 2016 and headquartered in Hefei, specializes in Micro OLED displays, with applications in head-mounted displays and smart glasses, collaborating with brands like DJI, Xiaomi, XREAL, and Thunderbird [1]. Production Capacity - Currently, the company operates a 12-inch evaporation line with a monthly capacity of 9,000 wafers, having shipped over 1 million units [3]. - Future plans include expanding to three 12-inch evaporation lines, increasing monthly capacity to 27,000 wafers [3]. Financial Performance - Financial projections indicate revenues of 190 million yuan, 215 million yuan, and 280 million yuan for 2022, 2023, and 2024, respectively, while the company remains in a loss position with net profits of -247 million yuan, -304 million yuan, and -247 million yuan for the same years [3]. - The company acknowledges that the current phase is a rapid development period for the industry, with AI terminal products evolving quickly, and is investing heavily in production lines, which may pressure short-term profitability due to depreciation costs but is expected to improve as capacity is released [3].

Core Viewpoint - Lens Technology Co., Ltd. is advancing its H-share issuance and plans to list on the Hong Kong Stock Exchange, aiming to raise approximately HKD 45.90 billion through the issuance of 262 million shares priced between HKD 17.38 and HKD 18.18 [1][2]. Group 1: H-Share Issuance Details - The company submitted its listing application to the Hong Kong Stock Exchange on March 31 and received approval from the listing committee on June 20 [2]. - The estimated net proceeds from the H-share issuance will be used for various purposes, including 48% for expanding product and service offerings, 28% for overseas business expansion, 14% for enhancing vertical integration in smart manufacturing, and 10% for working capital and other general corporate purposes [2]. Group 2: Investor Participation - Several cornerstone investors, including GreenBetter (a subsidiary of Xiaomi), UBS AM Singapore, and Oaktree, have committed to subscribe to shares at the IPO price, with a total subscription amounting to approximately USD 191 million (around HKD 1.49 billion) [3]. Group 3: Company Background and Business Scope - Established in 1993, Lens Technology became a certified supplier for Apple in 2007, producing touch screen glass for the first-generation iPhone, which significantly boosted its performance [3]. - The company has expanded its client base to include major manufacturers like Samsung and Xiaomi, and it was listed on the Shenzhen Stock Exchange in 2015 [3]. - Lens Technology provides a wide range of products in the consumer electronics sector, including protective glass, metal frames, and touch display modules, as well as assembly services [5]. Group 4: Recent Performance and Market Trends - The company has seen continuous revenue growth due to the recovery in the consumer electronics market, with projected revenues of CNY 466.99 billion, CNY 544.91 billion, and CNY 698.97 billion for the years 2022 to 2024, respectively [6]. - Correspondingly, the net profit attributable to shareholders is expected to rise from CNY 24.48 billion in 2022 to CNY 36.24 billion in 2024 [6].

Core Viewpoint - The company, LianDe Equipment, has won a bid for the 8.6-generation AMOLED production line project from BOE Technology Group, with a total bid amount of 157 million yuan [1]. Group 1: Company Overview - LianDe Equipment specializes in the research, production, sales, and service of new semiconductor display intelligent equipment, automotive intelligent cockpit system equipment, semiconductor packaging and testing equipment, and new energy equipment [3]. - The company has a broad layout in the TFT-LCD display, OLED display, and Mini/Micro LED new display fields, covering major production processes including binding equipment, lamination equipment, AOI inspection equipment, film coating equipment, and polarizer attachment equipment [3]. Group 2: Project Details - The 8.6-generation AMOLED production line project by BOE has a total investment of 63 billion yuan and a designed capacity of 32,000 glass substrates per month, with substrate dimensions of 2290mm x 2620mm [3]. - This production line primarily focuses on medium-sized AMOLED panels for mid-to-high-end IT products such as laptops and tablets, and it also has the capability to produce flexible OLED smartphone panels [3]. - Equipment installation for the production line began in May of this year [3].

Core Viewpoint - The article discusses the recent IPO application acceptance of Huike Co., which aims to raise 8.5 billion yuan for various advanced display technology projects, enhancing its competitive edge in the semiconductor display industry [1][2][17]. Investment Projects - Huike plans to invest in three major projects: - "Changsha New OLED R&D Upgrade Project" with a total investment of 3 billion yuan [2][3]. - "Changsha Oxide R&D and Industrialization Project" with a total investment of 3 billion yuan [2][3]. - "Mianyang Mini-LED Intelligent Manufacturing Project" with a total investment of 2.5 billion yuan [2][3]. - The total investment for these projects is 9.575 billion yuan, with 8.5 billion yuan to be raised through the IPO [3]. Technology Development - The "Changsha New OLED R&D Upgrade Project" focuses on improving production solutions for OLED display panels, enhancing the company's technological reserves in OLED technology [2][3]. - The "Changsha Oxide R&D and Industrialization Project" aims to increase R&D investment in Oxide technology, improving production capacity and product competitiveness [2][3]. - The "Mianyang Mini-LED Intelligent Manufacturing Project" will expand the production line for Mini LED products, continuing the development of high-performance Mini LED products [2][3][15]. Company Overview - Huike operates four G8.6 generation production lines and multiple smart display terminal production bases, with significant investments in various projects totaling 24 billion yuan for the G8.6 lines [4][5]. - The company reported revenues of 27.134 billion yuan, 35.797 billion yuan, and 40.310 billion yuan for 2022-2024, with net profits of -1.428 billion yuan, 2.566 billion yuan, and 3.339 billion yuan respectively [6][7]. Market Position and Strategy - Huike's overseas revenue has shown steady growth, accounting for 58.18%, 53.53%, and 49.92% of total revenue from 2022 to 2024, indicating a strong global market presence [7]. - The company has established partnerships with major brands such as Samsung, LG, and Xiaomi, positioning itself as a key player in the display panel market [7]. - Huike's strategy includes a multi-technology approach, focusing on a-Si TFT-LCD, Oxide, OLED, Mini LED, and Micro LED technologies to adapt to changing market demands [8][9]. Future Outlook - The IPO is seen as a critical step for Huike to enhance its technological capabilities and production capacity, thereby strengthening its market competitiveness [17][18]. - The successful implementation of the proposed projects is expected to drive technological upgrades in the industry and enhance the global influence of domestic panel manufacturers [18].

Core Viewpoint - TCL Technology has received approval from the China Securities Regulatory Commission for its major asset restructuring plan to acquire 21.5311% of Shenzhen Huaxing Optoelectronics Semiconductor Display Technology Co., Ltd. through a combination of share issuance and cash payment [1][4]. Group 1: Acquisition Details - The acquisition involves a cash payment of 7.203 billion yuan and a share payment of 4.359 billion yuan, totaling 11.562 billion yuan for the 21.5311% stake, corresponding to a registered capital of 9 million yuan [2]. - Shenzhen Huaxing Semiconductor focuses on semiconductor display business, primarily producing, processing, and selling large-size TFT-LCD display devices, including TFT-LCD display devices and semiconductor display supporting materials [2]. Group 2: Current Ownership Structure - TCL Huaxing (a subsidiary of TCL Technology) directly holds and indirectly controls a total of 62.6794% of Shenzhen Huaxing Semiconductor, making it the controlling shareholder [2]. - The major industrial fund holds a 32.2967% stake, while Samsung Display holds a 5.0239% stake in Shenzhen Huaxing Semiconductor [2][3]. Group 3: Future Implications - Upon successful completion of the acquisition, TCL Technology will control 84.2105% of Shenzhen Huaxing Semiconductor, while the major industrial fund's stake will decrease to 10.7656% [4]. - This approval marks a significant advancement for TCL Technology in consolidating core assets of Huaxing Optoelectronics and enhancing control over the semiconductor display business, which will help deepen its layout in the display panel field and optimize resource allocation [4].

Core Viewpoint - Chongqing Zhenbao Technology Co., Ltd. has been accepted for IPO on the Sci-Tech Innovation Board, focusing on providing manufacturing equipment components and surface treatment solutions for the integrated circuit and display panel industries [1]. Financial Performance - Revenue projections for Zhenbao Technology from 2022 to 2024 are 386 million yuan, 506 million yuan, and 635 million yuan respectively, with net profits of 81.62 million yuan, 108 million yuan, and 152 million yuan [1]. - BOE Technology Group has been a significant customer, contributing revenues of 117 million yuan, 93.17 million yuan, and 99.31 million yuan from 2022 to 2024 [1]. Fundraising and Investment Plans - The company plans to raise 1.398 billion yuan through the IPO to invest in three main projects: 1. Semiconductor and semiconductor precision components and materials production base project (810.61 million yuan) 2. Zhenbao Technology R&D center construction project (302.74 million yuan) 3. Shanghai Zhenbao semiconductor equipment components R&D center project (170 million yuan) [2]. - The fundraising will enhance management and R&D capabilities, increase market share in core components for semiconductor and display panel equipment, and extend the upstream supply chain by mass-producing raw materials [2].

Core Viewpoint - Haowei Group is planning to go public on the Hong Kong Stock Exchange, aiming to leverage its position as a fabless semiconductor company specializing in image sensors and display solutions [1][2]. Group 1: Company Overview - Haowei Group, originally founded as Shanghai Weir Semiconductor Co., Ltd. in 1995, officially changed its name on June 20, 2023, to Haowei Integrated Circuit (Group) Co., Ltd. [2] - The company primarily generates revenue from semiconductor design and sales, providing solutions for various sectors including automotive, smartphones, medical, security, and emerging markets like AI and smart glasses [2]. Group 2: Financial Performance - The company's revenue for the years 2022, 2023, and 2024 is projected to be RMB 20.04 billion, RMB 20.98 billion, and RMB 25.71 billion respectively, with net profits of RMB 0.951 billion, RMB 0.544 billion, and RMB 3.279 billion [4]. - In Q1 of this year, Haowei Group achieved revenue of RMB 6.472 billion, marking a year-on-year increase of 14.68%, and a net profit of RMB 0.866 billion, reflecting a growth of 55.25% [5]. Group 3: Product Segmentation - The revenue breakdown for 2022 shows that image sensor solutions contributed RMB 13.674 billion (68.3%), display solutions RMB 1.470 billion (7.3%), and analog solutions RMB 1.262 billion (6.3%) [3]. - The display solutions segment is primarily focused on the smartphone market, with projected revenue of RMB 1.028 billion in 2024, a decrease of 17.77% from the previous year, despite a sales volume increase of 16.84% [3].

Core Viewpoint - LG Display has commenced mass production of fourth-generation OLED panels for 27-inch displays, achieving a peak brightness of 1500 nits and a refresh rate of up to 280Hz [1][2]. Group 1: Product Features - The new panels utilize Primary RGB Tandem technology, stacking red, green, and blue colors into four independent layers, allowing for a peak brightness of 1500 nits based on an average picture level (APL) of 1.5% [2]. - These panels can achieve 99.5% color accuracy and a response time of 0.03 milliseconds, significantly faster than traditional LCD displays, which typically have a response time of 1.0 milliseconds [3]. - LG Display has also developed a QHD resolution OLED display panel with a refresh rate of 540Hz, with mass production expected to start in the second half of the year after product evaluations by global manufacturers [4]. Group 2: Technical Innovations - The company faces challenges in maintaining picture quality for screens with refresh rates exceeding 500Hz, which it addresses through the development of new algorithms [5]. - LG Display's dynamic frequency and resolution technology allows for a maximum refresh rate of 720Hz at high definition, enabling users to select appropriate refresh rate modes based on specific content [6]. - The panels are designed with special films and improved board structures to block 99% of internal and external light reflections, ensuring that picture quality remains unaffected under 500 lux lighting conditions [7].

Core Viewpoint - Xiaomi has launched its new generation foldable flagship smartphone, the Xiaomi MIX Flip 2, and a new series of electric vehicles, the Xiaomi YU7 series, with TCL Huaxing claiming the screens for both products [1][4]. Group 1: Xiaomi MIX Flip 2 - The Xiaomi MIX Flip 2 features screens made with TCL Huaxing's C9 and M9 materials, both having a resolution of 1.5K and 460 PPI, with a peak brightness of 3200 nits and a refresh rate of 120Hz [2]. - The device includes a Snapdragon 8 Gen 2 flagship chip, a 5165mAh battery, and supports 67W wired and 50W wireless fast charging, along with a 50MP Leica main camera and a 50MP ultra-wide-angle lens [4]. - Pricing for the Xiaomi MIX Flip 2 starts at 5999 yuan for the 12GB+256GB version, 6499 yuan for the 12GB+512GB version, and 7299 yuan for the 16GB+1TB version [4]. Group 2: Xiaomi YU7 Series - The Xiaomi YU7 series includes three configurations: YU7, YU7 Pro, and YU7 Max, priced at 253,500 yuan, 279,900 yuan, and 329,900 yuan respectively [4]. - The YU7 features a panoramic curved projection sky screen and a 16.1-inch central control display, both supplied exclusively by TCL Huaxing [5]. - TCL Huaxing has customized a display solution for the YU7, which includes a 16.1-inch central screen and three 11.98-inch sky screens, developed in collaboration with Desay SV and Huayang Group [5]. Group 3: TCL Huaxing Collaboration - TCL Huaxing's sky screen for Xiaomi features a 1.1m ultra-wide panoramic display, 108 PPD ultra-retina level HD display, peak brightness of 1200 nits, and global 903-zone dimming [7]. - The sky screen incorporates advanced technologies such as embedded ultra-black display coating and distortion correction algorithms, achieving minimal reflection and distortion rates [7]. - TCL Huaxing emphasizes the long-standing and fruitful collaboration with Xiaomi, indicating plans to deepen strategic cooperation in flexible displays, low power consumption, and high-resolution technologies [7].