Core Viewpoint - The global panel market in Q1 2025 experienced complex and dynamic price trends influenced by multiple factors, with television panels showing initial strength but weakening by the end of the quarter, while monitor panels saw a price increase towards the end of the quarter, and notebook panels remained stable throughout [1][19]. Television Panel Price Trends - In January 2025, television panel prices rose due to strong demand driven by China's "trade-in" policy, particularly for large-sized panels, with price increases of $1 for 32-inch and 43-inch panels, $1 for 55-inch, $2 for 65-inch, $3 for 75-inch, and $4 for 85-inch panels [2][3]. - The demand for large-sized panels caused a squeeze on the production capacity of smaller-sized panels, indirectly pushing up their prices [3]. - By March, the market began to cool, with North American demand weakening post-Super Bowl promotions and Chinese policy effects diminishing, leading to a cautious outlook from brand clients due to high inventory levels [3][10]. Monitor Panel Price Trends - Monitor panel prices remained stable in January, with demand holding steady compared to Q4 2024, but began to rise in March as television panel price increases created opportunities for monitor panels [4][6]. - In February, despite being a traditional off-season, monitor panel demand remained strong, leading to a slight price increase of $0 to $0.1 for Open Cell types, while module prices stayed flat [6]. - March marked a turning point with comprehensive price increases for monitor panels, although brand clients remained cautious about future demand and international trade relations [6][10]. Notebook Panel Price Trends - Notebook panel prices remained stable throughout Q1 2025, with no significant changes observed [7][9]. - Despite some brands increasing inventory levels due to international trade issues, most panel manufacturers and brand clients adopted a cautious approach, focusing on maintaining market share and customer relationships [9][10]. Overall Market Dynamics - The price fluctuations in the panel market were influenced by demand-side drivers and constraints, with initial boosts from policies like "trade-in" in China, but diminishing effects over time [10]. - Supply-side strategies and unexpected events, such as the earthquake in Taiwan affecting production, also played a role in market dynamics [10]. - External uncertainties, particularly international trade relations, significantly impacted brand clients' inventory strategies and supply chain management [10][19]. Company Performance - In Q1 2025, several panel companies reported strong earnings, with notable revenue growth from major players like Samsung Display, BOE, and TCL Huaxing, while LG Display, AU Optronics, and others successfully turned losses into profits [11][12][14]. - TCL Huaxing's acquisition of LG Display's Guangzhou LCD line is expected to enhance its market position further [14]. - The performance of leading companies indicates strong resilience and growth potential in a competitive market, despite ongoing challenges faced by some firms [14][19].

【WitsView整理】 5月15日下午，JDI公布FY2025/3财年（2024年4月1日至2025年3月31日期 间）的业绩。 报告期内，JDI实现销售额为1880.12亿日元（ 约人民币92.69亿元），同比下降21.4%，主要原 因在于智能手机LCD和VR设备出货量的下降；净亏损为782.20亿日元（约人民币38.69亿元）， 与去年同期亏损443.13亿日元相比有所扩大。 为提振营收表现并巩固财务基础，JDI正积极推进战略调整。公司计划于2026年3月前终止 Mobara（茂原）工厂的生产活动，并将相关产能整合至成本效益更优的Ishikawa（石川）工厂。 各业务部门表现如下： 1.汽车业务（核心业务）销售额为1259亿日元，同比下降6%，主要因停止低利润产品生产、终 端客户需求下滑及鸟取工厂停产所致。 2.智能手表/VR业务（核心业务）销售额为536亿日元，同比下降27%，主要因智能手表和VR 的需求减少； 3.LCD智能手机业务（非核心业务）销售额为86亿日元，同比下降74%。JDI 正通过战略调整 退出低利润的LCD智能手机业务，将工程资源重新聚焦于传感器及先进半导体封装领域。 茂原工厂后续计 ...

Core Viewpoint - United Airlines has unveiled its new Boeing 787-9 cabin design, featuring OLED displays across all classes, enhancing passenger experience and comfort [1][2]. Group 1: Cabin Features - United Airlines' Polaris Studio suite in the new business class offers 25% more space than standard Polaris business class seats and includes a 27-inch 4K OLED display [2]. - The new standard business class seats will feature a 19-inch 4K OLED display, while Premium Plus luxury economy seats will have a 16-inch 4K OLED display [2]. - Regular economy class seats will be equipped with a 13-inch 4K OLED display [2]. Group 2: Industry Trends - Riyadh Air, a new airline in Saudi Arabia, has also announced the installation of 4K OLED displays across its Boeing 787-9 fleet, with sizes ranging from 13.3 inches in economy to 32 inches in business and business elite classes [2]. - United Airlines is the latest airline to adopt OLED displays for its cabins, following Air Canada, Riyadh Air, and Icelandair [2].

Group 1 - BOE showcased the world's first 75-inch 4K UB Cell 4.0 TV with ultra-high color gamut and 1400:1 contrast ratio [1][6] - In the flexible OLED display sector, BOE introduced a solution featuring TADF+Tandem COE technology, enhancing color gamut and power efficiency [3][6] - BOE's Mini LED display included a 27-inch HDR gaming monitor with a 300Hz refresh rate and 2304 local dimming zones, outperforming OLED displays [6][7] Group 2 - TCL Huaxing presented a full range of printed OLED products, from 6.5-inch mobile displays to 65-inch TVs, achieving comprehensive coverage in size [10][12] - The world's first 14-inch printed OLED tablet display was also unveiled, featuring a 30% increase in pixel density and 99% DCI P3 color gamut coverage [12][13] - TCL Huaxing's 219-inch MLED display supports high contrast and can be seamlessly spliced for large-scale applications [14] Group 3 - Tianma introduced the world's first 6.51-inch HOI display with integrated sensing capabilities for fingerprint recognition and color temperature detection [20][21] - The 12.3-inch "wood grain hidden" display features anti-peep technology and can display dynamic images while maintaining aesthetic design [23][25] - Tianma also showcased innovations in Micro-LED and health-focused displays [25] Group 4 - Visionox presented a range of ViP AMOLED displays for wearables, smartphones, and laptops, achieving 100% DCI-P3 color gamut [26][29] - The company launched the world's first glass-based AMOLED solution for VR/AR applications, achieving 2000 PPI resolution [29][30] - Visionox also introduced several first-of-their-kind flexible AMOLED technologies [33] Group 5 - AUO focused on Micro LED and AI technologies, showcasing a 64-inch transparent Micro LED display with high brightness and color accuracy [34][35] - The company also presented a 13-inch Micro LED head-up display designed for automotive applications [35] Group 6 - Innolux displayed a MicroLED mirror display with high color gamut and brightness, suitable for smart cockpit applications [44][46] - The company introduced an 85-inch 4K AI interactive digital art display that minimizes environmental light reflection [46][49] - Innolux's 12.3-inch active privacy display for vehicles adapts to driver needs while ensuring safety [51] Group 7 - Samsung Display launched the EL-QD technology, enhancing color accuracy and reducing power consumption compared to traditional QD-OLED [55][56] - The company also showcased a 1.4-inch RGB OLEDOS with a peak brightness of 15,000 nits and a resolution of 5,000 PPI [58] - Samsung introduced a stretchable Micro LED display, offering new user experiences [59] Group 8 - LG Display presented its fourth-generation OLED panels with a peak brightness of 4,000 nits, targeting high-end markets [62][64] - The company showcased a 45-inch 5K2K gaming OLED display, enhancing immersive experiences [64][66] - LG Display's concept car featured a 57-inch P2P display and an 18-inch retractable OLED screen for rear-seat entertainment [66]

Core Viewpoint - TCL Huaxing showcased its advanced display technologies at SID2025, emphasizing its leadership in the semiconductor display industry and introducing innovative products that enhance user experience and promote sustainability [1][19]. Group 1: APEX Technology - APEX technology focuses on delivering an immersive display experience, emphasizing visual health, sustainability, and future possibilities through innovative products [2][18]. - The 36:9MLED display (219") offers ultra-high contrast and vivid color reproduction, providing an immersive experience with seamless large-scale display capabilities [4][2]. - The Micro LED PHUD display (14.3") enhances driving safety with high brightness and contrast, designed specifically for automotive applications [5][7]. - The first natural spectrum light thin panel display (12.1") promotes visual health by mimicking sunlight, balancing brightness and portability [8][10]. - The ultra-low power 8:9 art TV display (85") achieves A-grade energy efficiency through advanced materials and algorithms [10][12]. - The LTPO laptop display (14.5") features zero static power consumption and seamless refresh rates, significantly extending battery life [12][14]. - The narrow bezel dual-curved splicing display (23.6") combines aesthetic design with immersive technology for enhanced user experience [14][16]. - The smallest silicon-based Micro LED display (0.05") offers high resolution and brightness, suitable for next-generation wearable devices [15][18]. Group 2: Printed OLED Technology - TCL Huaxing's printed OLED technology has achieved commercial viability, with the first 21.6" printed OLED 4K professional display set for mass production [19][24]. - The first printed OLED mobile display (6.5") features high contrast and wide color gamut, ideal for gaming and media applications [21][19]. - The printed OLED tablet display (14") meets professional color requirements with high resolution and anti-glare coating [21][23]. - The printed OLED laptop display (14") combines oxide and printed OLED technologies for fast response and low power consumption, aligning with green initiatives [22][25]. - Additional products include 4K 120Hz printed OLED MNT display (27") and printed OLED TV display (65"), showcasing a comprehensive product matrix [24][27]. Group 3: Multi-Technology Collaboration - TCL Huaxing adopts a multi-technology strategy to enhance its product offerings across various applications, including TV, commercial displays, and automotive [28][30]. - The highest quality LCD TV display (98") features low reflection and wide viewing angles, enhancing user experience through advanced backlighting technology [30][28]. - The first mass-produced under-screen camera OLED laptop display (14") offers high screen-to-body ratio and immersive visual experience [30][32]. - The transparent Micro LED display (8.42") is designed for high-brightness environments, integrating smart interaction technologies [31][34]. Future Outlook - TCL Huaxing aims to become a leading global display solution provider, leveraging its extensive manufacturing and R&D capabilities to drive value creation in the display industry [36][34].

Core Viewpoint - Foxconn reported a record net profit of NT$42.108 billion (approximately RMB 10.043 billion) for the first quarter, reflecting a 9% quarter-over-quarter decrease but a 91% year-over-year increase, driven by stable core operations and external contributions [1]. Financial Performance Summary - Foxconn's first-quarter revenue reached NT$1.64 trillion (approximately RMB 391.14 billion), showing a 23% quarter-over-quarter decrease but a 24% year-over-year increase [2]. - Gross margin stood at 6.11%, with a slight decrease of 0.04 percentage points quarter-over-quarter and 0.2 percentage points year-over-year [2]. - Operating income was NT$46.5 billion, down 28% quarter-over-quarter but up 27% year-over-year, resulting in an operating margin of 2.83%, which decreased by 0.2 percentage points quarter-over-quarter but increased by 0.05 percentage points year-over-year [2]. - Net profit margin was 2.56%, with a quarter-over-quarter increase of 0.39 percentage points and a year-over-year increase of 0.9 percentage points [2]. External Factors and Product Performance - The first quarter of the previous year and the fourth quarter were impacted by losses from investments in Sharp, but this year, external income of NT$12.62 billion significantly boosted overall profitability [2]. - Revenue performance across four major product categories showed that computer terminals exceeded expectations both quarter-over-quarter and year-over-year, while cloud network products remained flat quarter-over-quarter and underperformed year-over-year. Consumer electronics also showed flat year-over-year performance, while components and other products met expectations [2]. - Revenue breakdown indicated that consumer electronics accounted for 40%, cloud network products 34%, computer terminals 19%, and components and others 7% [2].

Core Viewpoint - Haiwei Technology is expanding its operations by establishing a new headquarters and R&D manufacturing base in Wuhan, focusing on the development of intelligent cockpit products for the automotive industry [1][2]. Group 1: Company Overview - Haiwei Technology, founded in 2012, specializes in the R&D and manufacturing of intelligent cockpit products, including in-car displays, cockpit domain controllers, and remote monitoring terminals for vehicle networking [2]. - The company has provided intelligent cockpit components to 14 automotive brands, including NIO, Li Auto, Dongfeng, and SAIC, with its products featured in 32 models currently on sale [2]. Group 2: Project Details - The headquarters and R&D manufacturing base project consists of three functional areas: intelligent manufacturing, R&D operations, and living growth, and is being constructed in two phases [3]. - Phase one covers an area of 50.44 acres with a building area of 75,000 square meters, expected to commence production in October, with an annual capacity of 4.2 million automotive electronic components [3]. - Phase two will include the establishment of the Haiwei Automotive Research Institute and a high-end equipment research institute, featuring 25 product lines and supporting headquarters functions, with full occupancy expected by December 2026, accommodating over 2,000 employees [3]. Group 3: Financial and Investment Aspects - Haiwei Technology has initiated its IPO process with the completion of the counseling filing in December 2024, marking its entry into the A-share market [4]. - The company has completed three rounds of financing, attracting investments from notable entities such as NIO Capital, SAIC Hengxu, GAC Capital, and Temasek Holdings, among others [4].

Group 1: Samsung Galaxy S25 Edge - Samsung has launched its latest flagship smartphone, the Galaxy S25 Edge, featuring a slim design with a thickness of only 5.8mm and a titanium alloy body [2][4] - The device is equipped with a 200MP main camera and a 12MP ultra-wide camera, enhancing low-light performance and offering versatile photography options [3] - The Galaxy S25 Edge is available for pre-order with two storage options: 256GB for 7999 yuan and 512GB for 8999 yuan [6] Group 2: Odyssey OLED G6 Gaming Monitor - Samsung introduced the world's first 500Hz OLED gaming monitor, the Odyssey OLED G6, featuring a 27-inch QD-OLED panel with a resolution of 2560x1440 and a peak brightness of 1000 nits [7] - The monitor supports AMD FreeSync Premium Pro and NVIDIA G-SYNC, providing a smooth gaming experience by reducing screen tearing [9] - The Odyssey OLED G6 is set to launch in several Southeast Asian countries, reinforcing Samsung's leadership in the display market [12]

Group 1 - The core viewpoint of the article is that Micro LED manufacturer Runchuang Technology has approved a significant investment plan to establish a wholly-owned subsidiary in mainland China, with a budget of up to 19 million USD (approximately 610 million TWD) for production and sales of panel components and modules, aiming to expand its market presence in China [1][2] Group 2 - This investment aligns with Runchuang's previously stated global operational strategy to strengthen its existing advantages in Taiwan while actively exploring the mainland Chinese market [2] - The company's General Manager, Lin Ziyang, noted that despite the first quarter being affected by seasonal factors, the market demand is expected to significantly increase starting from the second quarter, with a goal for annual revenue and profit to exceed last year's figures [2] - Lin emphasized that mainland China is a crucial market globally, and in addition to expanding operations in the United States, the company will also enhance its local manufacturing capabilities in mainland China. The total investment approved for mainland China, including this new investment, is capped at 21 million USD [2]

Core Viewpoint - The launch of the compact electric sedan, Jixiang AIR, by Jixiang Automobile, a subsidiary of Jixiang Airlines, marks a significant step in the company's strategy to enhance integrated travel services through its "Jixiang Great Travel" initiative [1][2]. Group 1: Product Features - Jixiang AIR is available in two models priced at 147,800 yuan and 159,800 yuan [1]. - The vehicle features a distinctive design with LED headlights named "Sky Wing Headlights," utilizing 240 LED light beads for high recognition [2]. - The rear design includes a wide-bottom, narrow-top style with a continuous tail light design, incorporating 270 LEDs and 32 pixels of OLED light sources, enhanced by super red light technology [2]. - Inside, the car is equipped with an 8.8-inch floating LCD instrument panel and a 15.6-inch central control screen, powered by the Crystal OS cockpit operating system [2]. Group 2: Performance Specifications - The Jixiang AIR is powered by a front-mounted single motor, offering two power versions with maximum outputs of 147 kW and 150 kW, and peak torques of 220 Nm and 250 Nm respectively [2]. - The battery capacities for the two models are 51 kWh and 64 kWh, providing CLTC range estimates of 435 km and 530 km [2]. Group 3: Corporate Strategy - Jixiang Automobile and Jixiang Airlines are both part of the Junyao Group, indicating a close relationship between the two entities [2]. - The "Jixiang Great Travel" strategy aims to provide a better integrated service experience for users in both air and land travel through hardware, software, and service dimensions [2].