Core Viewpoint - The display industry is experiencing a surge in financing activities, with companies like Huaying Technology and Hefei Xinyi Huazhi securing significant funding to support their operations and technological advancements [1][3][6]. Group 1: Financing Activities - Huaying Technology's subsidiary, Huajiacai, has secured 350 million RMB through a financing lease agreement with Xinxin Leasing, aimed at enhancing its capital needs for display panel production [1][2]. - Hefei Xinyi Huazhi has completed a B+ round investment exceeding 300 million RMB, focusing on high-end equipment in the semiconductor and display panel sectors [3]. - Other companies in the display industry, such as Wenxin Technology and Fulatte, have also reported successful financing rounds, indicating a broader trend of capital influx into the sector [4][5]. Group 2: Industry Trends - The financing activities are concentrated on upstream materials and equipment segments, which are characterized by higher technological barriers and added value compared to the midstream panel manufacturing sector [6]. - The trend suggests a strategic shift towards supporting domestic production capabilities and technological upgrades within the display industry [6].

Core Viewpoint - Recent investments in display technology projects in Zhejiang Jiaxing and Anhui Huangshan highlight the growth potential in the TFT LCD, AMOLED, and automotive display sectors [1]. Group 1: Jiaxing Project - The Wan Chuang Intelligent Display Screen project in Jiaxing has a total investment of over 1 billion USD (approximately 7.20 billion RMB) [2][4]. - The project aims to produce 10 million units of TFT LCD and AMOLED display assemblies and 1 million sets of smart terminal semi-finished and finished products annually [4]. - Upon reaching full production, the project is expected to generate an annual output value of 650 million RMB [4]. Group 2: Huangshan Project - Anhui Yueda plans to invest 100 million RMB to establish an automotive display project in Huangshan [5]. - The company specializes in the research and manufacturing of OLED display modules and automotive industrial control display modules [5]. - The anticipated annual output value of the project upon completion is expected to reach 200 million RMB [5].

Core Viewpoint - The company is shifting its focus towards the Mini LED backlight technology, aiming to accelerate commercialization and meet market demand, as evidenced by its new funding plan and project adjustments [1][8]. Group 1: Funding and Project Details - The company plans to raise up to 1.5 billion yuan through a private placement, with over 70% (1.06 billion yuan) allocated to the "Glass-based Mini LED Display Backlight Module Project" [1][2]. - The Glass-based Mini LED Display Backlight Module Project will be implemented by the wholly-owned subsidiary Jiangxi Dehong, with a construction period of 24 months and an expected annual production capacity of 6.05 million glass-based Mini LED backlight modules [2][3]. - The remaining funds will be used to supplement working capital and repay bank loans, totaling 440 million yuan [2][3]. Group 2: Strategic Adjustments - The company has terminated its previous fundraising plan for the "Glass Substrate Mini/Micro LED Substrate Project," which was also aimed at raising up to 1.5 billion yuan [5][6]. - The decision to terminate the previous plan was based on a comprehensive consideration of external market conditions and the company's strategic direction [6][8]. Group 3: Market Trends and Opportunities - The company emphasizes the advantages of glass-based materials in performance, particularly as Mini LED backlight products require higher display quality and precision [3][4]. - The market penetration of Mini LED technology in televisions is rapidly increasing, with major manufacturers like Huawei, Hisense, Xiaomi, TCL, and Skyworth launching Mini LED TV products [8][9]. - TrendForce predicts that by 2025, the shipment of Mini LED backlight TVs will reach 11.5 million units, accounting for 6% of the global TV market [8][9]. Group 4: Product Development and Collaborations - The company has successfully launched the glass-based Mini LED flagship product "Daxian G9" in collaboration with Hisense, which has achieved strong sales [8][9]. - The first phase of the Jiangxi Dehong's 500,000 square meters glass substrate project is expected to be operational in the second half of 2024, supporting applications in automotive and large-size televisions [8][9]. Group 5: Competitive Positioning - The strategic adjustment aims to optimize resource allocation and seize the rapidly developing Mini LED market opportunities, thereby strengthening the company's market position in the new display sector [9].

Group 1 - The core viewpoint of the article highlights the establishment of Suzhou Guoxian Innovation Technology Co., Ltd., which is fully owned by Visionox and focuses on electronic components and materials [1] - Visionox announced plans to invest in a global new display industry innovation center project in Kunshan, requiring approximately 60 acres of industrial land and a total investment of about 5 billion yuan [3] - The project aims to develop a leading flexible AMOLED technology platform and will focus on three main areas: advanced display technology development, product delivery based on R&D projects, and semiconductor technology research incubation [3] Group 2 - The project is considered strategically significant for strengthening and expanding the optoelectronic display industry chain in Kunshan, with potential extensions into integrated circuits and photovoltaics [3] - The Kunshan Economic and Technological Development Zone Management Committee is providing cooperation support for Visionox, coordinating relevant parties to establish a project company for the innovation center [3]

亲爱的粉丝朋友们： 大家好！感谢您一直以来对"WitsView睿智显示"的关注与支持。为了更准确地传达我们的品牌定位与 服务方向，自即日起，" WitsView睿智显示 "将正式更名为" 集邦Display "。 此次更名不仅是品牌形象的升级，更是我们紧跟半导体显示行业发展趋势、深化专业研究的关键一 步。 近年来，随着物联网、智能驾驶、AI驱动的智能终端等技术的不断演进，显示产业正迎来新一轮的升 级与融合，形成百花齐放的局面。 作为TrendForce集邦咨询旗下专注于光电显示领域的研究品牌，我们将以"集邦Display"这一全新身 份，聚焦LCD/MLED/OLED等新型显示技术，持续为您提供高质量的 行业资讯、 市场洞察、供需分 析与产业趋势预测， 发掘市场潜力，赋能品牌行销与技术产品布局， 助力行业决策与发展。 此图片来自微信公众平台 十八届十二日日日 未来，我们仍由原WitsView核心团队运营，不变的是对专业与深度的坚守，升级的是内容体系与全球 视角。感谢一路同行，期待在"集邦Display"的新起点上，与您一同见证显示产业的每一个重要时刻！ —— 集邦Display团队 ▶ 关于集邦 ...

Core Viewpoint - LG Display's large-size OLED glass substrate input capacity increased by 28% in 2023, reaching 133K sheets/month, but still below the design capacity of 180K sheets/month, indicating potential issues with production line utilization [1][2]. Group 1: Production Capacity - LG Display's monthly input capacity for large-size OLED was 175K in 2021, decreased to 160K in 2022, further dropped to 104K in 2023, and rebounded to 133K in 2024, reflecting market volatility [2]. - The OP1 factory in Paju had an input capacity of 86K in 2021, reduced to 70K in 2022, fell to 39K in 2023, and increased to 58K in 2024. The Guangzhou OLED factory maintained a more stable capacity of 75K in 2024 [2]. Group 2: Market Demand and Future Outlook - Samsung Electronics plans to increase its procurement of OLEDs from LG Display, with expected shipments of approximately 1.4 million units in 2024 and a significant increase in 2025 [3]. - LG Display's CEO aims for profitability in 2024 by strengthening customer structure and driving cost innovation [3]. - The input capacity for OLED glass substrates for Apple products is also growing, from 31K in 2021 to 47K in 2024, indicating strong demand [3]. - LG Display's automotive display business has surpassed 2 trillion KRW in sales, showcasing market potential across multiple sectors [3].

Core Viewpoint - Beijing Yunji Technology Co., Ltd. has been listed on the New Third Board, focusing on the independent research, production, and sales of high-end display materials, including OLED and liquid crystal materials, primarily used in displays and lighting for TVs, computers, mobile phones, and automobiles [1][4]. Group 1: Company Overview - Yunji Technology operates three wholly-owned subsidiaries: Beijing Jilian, Anhui Yubei, and Xiamen Hangchuang, with differentiated business operations [2]. - The Anhui Yubei production base has commenced operations as of January 2025, with a total investment of 250 million, producing 70 tons of high-performance liquid crystal and 30 tons of OLED materials [2]. Group 2: Client Relationships - The company maintains long-term partnerships in OLED materials with Qingyue Optoelectronics, Ruilian New Materials, and Guangdong Agreya Optoelectronic Materials Co., Ltd. [4]. - In liquid crystal materials, Yunji Technology has been included in the supplier lists of industry leaders such as Chengzhi Co., Feikai Materials, and Bayi Shikong [4]. Group 3: Financial Performance - Financial data indicates that Yunji Technology's projected revenues for 2023 and 2024 are 119 million and 125 million, respectively, with net losses of 9.33 million and 11.67 million [4]. Group 4: Production Capacity - The parent company focuses on R&D and sales, while the Beijing Jilian production base has a designed capacity of 60 tons per year for liquid crystal and OLED materials [5]. - The Anhui Yubei production base is designed for a capacity of 100 tons per year for liquid crystal products [5]. - The Xiamen Hangchuang production base will focus on OLED product sublimation, device preparation, and performance evaluation, with a designed capacity of 10 tons per year [5].

Core Viewpoint - The establishment of the Zhongxian OLED HD display module project in Jiaxing National High-tech Zone is expected to enhance the competitiveness of the optoelectronic industry and stimulate the development of related upstream and downstream enterprises, creating an industrial cluster effect [1][3]. Group 1: Project Details - The Zhongxian OLED HD display module project has an annual production capacity of 4 million pieces and a total investment of 100 million USD (approximately 719 million RMB) [1]. - The registered capital for the project is 40 million USD (approximately 28.8 million RMB), and upon reaching full production, it is expected to achieve an annual output value of 900 million RMB [1]. Group 2: Industry Developments - Recent activities in the display module sector include: - Tianma Microelectronics announced a planned investment of 1.08 billion RMB to build a display module factory in Thailand, with half funded by the company's own resources and the other half through bank loans [4]. - Longteng Optoelectronics' Vietnam company successfully lit its first module product after completing equipment installation and debugging [4]. - Hongxi Technology's silicon-based OLED micro-display module project commenced with a total investment of 2 billion RMB to establish a high-end digital intelligent manufacturing base [4]. - TCL Huaxing completed the acquisition of 100% equity in LG Display's Guangzhou display module factory [4]. - Visionox's subsidiary Baizhou Yungu adjusted its business focus from module processing to testing, processing, and operating a high-end display smart industrial park, transferring some production equipment to Hefei Visionox Electronics for approximately 856 million RMB [4].

Core Viewpoint - The article discusses the strategic partnership between Shiming Technology and TCL Industrial Investment to establish a joint venture focused on display photolithography color paste, enhancing their competitive edge in the display materials sector [2][4]. Group 1: Joint Venture Details - Shiming Technology and TCL Industrial Investment will jointly invest in a new company named "Changshu Shihua New Materials Co., Ltd." with a registered capital of 20 million RMB, where Shiming holds 66% and TCL holds 34% [2][3]. - The joint venture will be located in Jiangsu Changshu New Materials Industrial Park and will focus on the research and sales of display photolithography color paste [2][4]. Group 2: Financial Performance - In 2024, Shiming Technology reported a revenue of 697 million RMB, a year-on-year increase of 2.3%, and a net profit attributable to shareholders of 22.62 million RMB, up 25.61% year-on-year [4]. Group 3: Investment in Beijing Dingcai - Shiming Technology announced the acquisition of approximately 1.91% of Beijing Dingcai Technology Co., Ltd. for 20.02 million RMB, aiming to enhance collaboration in the field of electronic materials [5][7]. - Beijing Dingcai specializes in OLED organic light-emitting materials and photolithography materials, with successful mass production of high-generation color photolithography and flexible AMOLED display materials [7]. Group 4: Strategic Implications - The partnership with TCL is expected to leverage TCL's resources in the display panel industry to promote the independent development of photolithography-specific nano pigment dispersion technology [4]. - The collaboration aims to create a closed-loop industry chain in the LCD display color photolithography sector, enhancing both companies' capabilities in material supply, technology development, and mass production [7].

当前 ， Micro LED 技术在显示领域主要 有两个 课题 ，其一是通过设计和生产环节的改善持续 优化制造成本，其二是发挥 Micro LED 的特性寻求更恰当的利 基显示 应用市场，并以此来带动 整体产值的成长 。 T rendForce集邦咨询 预估 2029 年 M icro LED 显示应用的 芯片产值将 达 到 7.4 亿美金。同 时，为了拓宽 Micro LED 应用场景的边界，业界致力于挖掘 Micro LED 在非显示应用的潜力， 以此来加速 Micro LED 整体的商业化进程。 Micro LED 显 示应用 目前 Micro LED 显示应用产值主要贡献来源仍是 由 Samsung 主导的大型显示器。除了在几个 关键制程上 的技术突破外， Micro LED 未来 也有机会受惠于中国市场大型显示器供应链本土化 的协同作用。中国芯片厂商与品牌厂商 的 联合开发正在快速推动芯片微缩，扩大 Micro LED 大 型显示器量产的成本优势。 长期来说，随着 AI 协助头戴装置的应用场景边界拓宽，智能驾驶生态升级带动车用显示规格需求 上涨， 两 者未来也将成为 Micro LED 显示应用产值 ...