Core Viewpoint - The global panel market experienced a price stabilization in Q3 2025, with TV panel prices halting their decline, while monitor and laptop panel prices remained stable. This stability was influenced by manufacturers' capacity control strategies and brand preparations for the year-end sales season, although uncertainties remain for Q4 due to ongoing supply-demand dynamics [2][18]. TV Panels - The TV panel market reversed its previous downward trend in Q3, driven by seasonal stocking demands from brands for the year-end promotional season [3][14]. - In July, demand was weak, leading to price declines for various sizes of TV panels, with 32-inch and 43-inch panels dropping by $1, 50-inch and 55-inch by $2, and 65-inch and 75-inch by $3 [5][6]. - By August, demand increased as brands began stocking for promotions, resulting in stable prices across all sizes of TV panels [6][8]. - September saw continued price stability, supported by brand stocking activities and manufacturers planning production cuts for October to address potential demand slowdowns [8][14]. Monitor Panels - Unlike TV panels, monitor panel prices remained stable throughout Q3, despite a slight 4.7% decrease in demand [8][9]. - The lack of price decline was attributed to manufacturers' reluctance to lower prices due to existing losses on mainstream monitor panel sizes, leading to reduced supply to support price stability [9][14]. - Both brands and manufacturers reached a consensus to maintain price stability, avoiding strong demands for price reductions [9][14]. Laptop Panels - The laptop panel market showed strong demand in Q3, with a 5.1% increase in demand compared to the previous quarter, but prices remained stable [10][12]. - The stability in prices was primarily due to competition among manufacturers, who avoided price increases to maintain customer relationships and market share [12][13]. - Manufacturers anticipated a potential demand decline in Q4, leading them to prefer price stability to solidify customer relations [13][14]. Key Factors Influencing Price Trends - The primary demand driver in Q3 was the seasonal stocking by brands for year-end promotions, which helped stabilize TV panel prices [14][15]. - Manufacturers' capacity control strategies, including production adjustments and planned reductions, played a crucial role in preventing further price declines [14][15]. - Competitive dynamics in the laptop panel market limited price increases despite strong demand, as manufacturers focused on maintaining long-term customer relationships [15][18]. Outlook for Q4 - The price stability achieved in Q3 is expected to face challenges in Q4, with anticipated declines in procurement momentum for TV panels as brands complete their stocking [16][18]. - Manufacturers plan to reduce production rates in October, which may impact price stability for TV panels [16][18]. - The monitor panel market may see continued price stability for mainstream sizes, but higher-end models could face downward price pressure [16][18]. - There is a high risk of price declines for laptop panels in Q4, as demand is expected to weaken, shifting bargaining power towards brand customers [17][18].

Core Viewpoint - Wog Glass announced the completion of the main building for the world's first and China's first 8.6-generation AMOLED glass-based lithography precision processing project in Chengdu High-tech Zone, with a total investment exceeding 628 million yuan [2][4]. Group 1: Project Overview - The project includes the main production building, auxiliary production facilities, power facilities, and warehouses, covering an area of approximately 56 acres [4]. - The completed main building has three floors and a total construction area of 59,000 square meters [4]. - Upon completion, Chengdu Wog will become the world's first intelligent production line capable of mass production of 8.6-generation AMOLED thinning, providing core support for leading companies like BOE [4]. Group 2: Future Plans - In the next three months, the company will accelerate the renovation of the factory, installation of power facilities, and procurement and debugging of production equipment [4]. - The goal is to complete the first batch of thinning wafer testing by mid-January 2026, ensuring seamless integration with BOE's 8.6-generation AMOLED production line [4]. Group 3: Financial Performance - In the first half of 2025, the company's operating income was approximately 1.19 billion yuan, a year-on-year increase of 14.2%, while the net profit attributable to shareholders was a loss of approximately 54.15 million yuan [5]. - In the same period of 2024, the operating income was about 1.04 billion yuan, with a net profit loss of approximately 30.42 million yuan [5].

Core Viewpoint - TCL Technology announced its participation in the bankruptcy reorganization of Shanshan Group and its subsidiary Ningbo Pengze, investing up to 500 million yuan to acquire 43.7 million shares of Shanshan, representing 1.94% of its total share capital [2][3]. Group 1: Investment Details - TCL Technology, through TCL Xiamen Investment, is collaborating with several partners to invest in Shanshan Group's restructuring [2]. - The investment will allow TCL Technology to indirectly hold 1.94% of Shanshan's shares, with voting rights delegated to an investor holding platform [2]. - The total investment from TCL Technology is capped at 500 million yuan [2]. Group 2: Business Overview - Shanshan Group specializes in lithium battery anode materials and polarizers, including the R&D, production, and sales of LCD and OLED polarizers [2]. - For the first half of 2025, Shanshan Group reported revenue of 9.858 billion yuan, an increase of 11.78% year-on-year, and a net profit attributable to shareholders of 207 million yuan, reflecting a significant growth of 1,079.59% [2]. Group 3: Strategic Implications - The investment is expected to strengthen the existing partnership between TCL Technology and Shanshan Group, enhancing supply chain stability and collaboration in upstream material R&D and production [3]. - TCL Technology anticipates that this investment will not significantly impact its financial status [3].

Core Viewpoint - Zhuhai BOE Crystal Chip Technology Co., Ltd. has officially launched its project with a total investment of approximately 1 billion yuan, marking a significant step in the MLED display industry [1]. Group 1: Project Launch and Development - The Zhuhai Crystal Chip project was registered in June 2024 and had its unveiling ceremony in September 2024 at the BOE IPC·2024 conference [1]. - The project is located in the Zhuhai Huafa Pingsha Electronic and Electrical Industrial Park, covering an area of over 40,000 square meters, with a planned monthly production capacity of over 10,000 square meters for COB [1]. - The core process equipment for the second phase of the project was successfully powered on by September 30, 2024, indicating the completion of equipment installation within the same month [2]. Group 2: Equipment and Technology - The PH2 project aims to expand the MLED COB packaging capacity, enhancing the company's manufacturing capabilities and market responsiveness in the high-end MLED display sector [3]. - Key equipment for the project was awarded to various suppliers, including Xinyi Chang for the die bonding machine, Bohui Te for vacuum lamination and automation systems, and Bojie Xin for the dicing machine [3].

Group 1 - TCL Huaxing and its subsidiary are set to receive government funding as part of the Shenzhen Guangming District's support plan for high-quality manufacturing development, with a one-time reward of 2 million yuan for digital smart factory demonstration projects [3][4] - TCL Huaxing has previously received substantial government support, including a 50 million yuan grant for a new display materials testing project earlier this year [4] - Huike's subsidiary in Chuzhou has been awarded 1 million yuan in funding for its innovative AI-based detection and repair technology for LCD panels, which replaces traditional methods with advanced AI techniques [5] Group 2 - Hanbo High-tech's subsidiary, Bojing Technology, has received a total of 22 million yuan in government subsidies, which will positively impact the company's profit for the fiscal year 2025 [6] - The funding received by Bojing Technology is part of a project loan interest subsidy application to the local government, indicating strong support for technological advancements in the display industry [6]

Core Viewpoint - Huazhong Xinchuan has received project confirmation from Anhui Jianghuai Automobile Group, marking a significant step in the development and supply of ceiling screen display assemblies for vehicles, which is a key trend in the automotive smart cockpit upgrade [2]. Summary by Sections Company Developments - Huazhong Xinchuan has been confirmed as a supplier for a specific model's ceiling screen display assembly by Jianghuai Automobile Group, indicating its capability in the automotive display market [2]. - The company has established itself as a comprehensive service provider in the automotive smart cockpit sector, focusing on automotive electronics and display systems [2][5]. Market Trends - The ceiling screen display is becoming a core trend in automotive smart cockpits, transitioning from single central control displays to multi-scenario interactions, driven by increasing demand for rear-seat entertainment and cockpit experiences [2]. - The market for ceiling screens is rapidly expanding as they penetrate from high-end to mainstream vehicle models [2]. Product and Technology - Huazhong Xinchuan has received multiple project confirmations for various display systems, including those for HUD (Head-Up Display) applications, indicating a strong market presence and technological capability [5][6]. - The company is also involved in the low-altitude economy sector, having received a significant project confirmation for a multimedia display system for an eVTOL (electric Vertical Take-Off and Landing) aircraft, with plans for commercial operations by the end of 2026 [6].

9 金茂深圳JW万豪酒店 近日，常金控旗下新碳基金与滨创一号完成对览锐光电（杭州）有限公司（以下简称"览锐光 电"）的战略投资。此次融资将用于产线扩建、量产加速，以及与汽车主机厂和供应链企业的合 作，推动电致变色技术在汽车和消费电子等领域的应用。 览锐光电 于2015年在美国硅谷创立，2021年在中国设立研发总部与生产基地。公司专注第三代 电致变色（EC）柔性智能薄膜，应用于汽车天窗、前挡、侧窗等智能调光场景，并在智能眼镜、 电子设备、建筑幕墙与节能窗等领域拓展。 目前，公司在杭州设立总部，在宁波和镇江建设研发与生产基地，并计划在常州滨开区投资3亿元 新建涂布及器件产线，预计三年内建成2万平方米综合厂房。 客户合作方面，公司已与福耀玻璃、悦达台玻、耀皮玻璃等重要客户达成合作，产品将快速导入多 家头部整车厂、消费电子品牌及建筑企业。（集邦Display整理） #玻璃 - IV M = 5 ( 2025年10月30日(周四) 8:30-17:05 = TrendForce、LEDinside、集邦Display | | 或议 | | --- | --- | | 8:30-9:30 | 签到 | | 9:30-9: ...

Core Viewpoint - LG Display's CEO emphasized that Micro RGB backlight TVs are fundamentally still LCDs and require over 150,000 backlight zones to match OLED quality [2][3]. Group 1: Technology Insights - LG Display is actively developing Micro LED technology, with some products already in the commercialization phase, although specific product types were not disclosed [3]. - Samsung's recently released 115-inch Micro RGB backlight TV has only 15,000 backlight zones, indicating a significant gap in technology compared to LG's requirements for OLED-level quality [3]. Group 2: Financial Performance and Outlook - In the first half of 2025, LG Display reported revenues of 11.652 trillion KRW (approximately 60.94 billion RMB), a year-on-year decrease of 3% [3]. - The company experienced an operating loss of 82.6 billion KRW (approximately 432 million RMB), which is an improvement of 480.5 billion KRW compared to the same period last year [3]. - LG Display expects a significant improvement in performance in the second half of the year compared to the first half, despite not meeting market expectations for the first half [3]. Group 3: Future Investments - LG Display is evaluating the feasibility of investing in the 8.6-generation OLED production line based on various factors, including industry investment trends and its own financial status [3].

Group 1 - Beijing BOE Robot Co., Ltd. was established on September 25 with a registered capital of 200 million yuan, focusing on industrial robot manufacturing, sales, and intelligent robot R&D, fully owned by BOE [2] - At the BOE IPC 2025 conference, BOE's chairman announced the formation of a specialized robot R&D team aimed at developing smart equipment for factory scenarios, alongside the launch of their AI factory strategy [2] - The first batch of AI factories has entered a substantial implementation phase [2] Group 2 - Other panel manufacturers like Huike and Samsung Display are also venturing into the robotics field [3] - On September 11, Huike signed a strategic cooperation agreement with Zhifang, planning to deploy over 1,000 embodied intelligent robots across global production bases within three years, with an order value close to 500 million yuan [3] - Huike aims to integrate AI edge models into production line control systems for real-time decision-making and energy management [3] Group 3 - Earlier reports indicated that Samsung Display plans to supply 8-inch OLED panels to Tesla starting in 2027 for the Optimus humanoid robot, with mass production expected in 2026 [5] - The robot's design requires a curved display, which OLED panels can provide due to their lightweight and low-power characteristics, making them suitable for the robot's upper body balance [5]

Core Viewpoint - Hisense has launched its new RGB Mini LED flagship TVs, the U7S Pro and E8S Pro, along with the high-end E7Q series, showcasing advancements in display technology and sound quality [2][5][14]. Group 1: E8S Pro RGB Mini LED TV - The E8S Pro TV is designed for audio and gaming, featuring a maximum refresh rate of 330Hz and an RGB Mini LED panel with 9360 local dimming zones [4][5]. - It includes the "SUPER Movie Mode" for 4K viewing experience with a transmission bitrate of up to 160Mbps, and a native refresh rate of 170Hz [5]. - The sound system is a 4.2.2 configuration with a maximum power output of 270W, tuned in collaboration with Devialet [5][10]. - Pre-orders for the E8S Pro have started on JD.com, with sales beginning on October 14 [6]. Group 2: U7S Pro RGB Mini LED TV - The U7S Pro features the Ultra Black Crystal screen and the AI picture quality chip H7, achieving a peak brightness of 4700 nits and 5760 color zones [9]. - It boasts a unique dual-layer anti-reflective technology with a reflectivity of 1.28%, enhancing clarity during daytime viewing [9]. - The U7S Pro is equipped with four HDMI 2.1 ports and has a memory/storage configuration of 4GB + 128GB, supporting full 4K UI and director mode [11]. - Pricing for the U7S Pro starts at 15,999 yuan for the 75-inch model, with higher prices for larger sizes [11]. Group 3: E7Q Mini LED TV - The E7Q TV features a U+ Mini LED panel with 4224 local dimming zones and a peak brightness of 7000 nits, supporting XDR Pro features [16]. - It includes the AI picture quality chip H6, enhancing light control precision by 16 times [16]. - The E7Q is available for pre-order with prices ranging from 7,999 yuan for the 65-inch model to 18,999 yuan for the 100-inch model [16]. Group 4: Competitive Landscape - Other brands such as TCL and Samsung have also launched RGB Mini LED backlight TV product lines this year, indicating a competitive market landscape [12].