Core Insights - The focus of the 2026 CES is the competition between Chinese and Korean companies in the Mini LED television market, highlighting advancements in RGB-Mini LED technology [2][4] - Major brands like Hisense, Samsung, LG, and TCL are showcasing high-end Mini LED televisions, emphasizing color richness and realism, with AI integration expected to deepen in the industry [2][4] Group 1: Technology Advancements - Hisense introduced RGB-Mini LED technology, incorporating a fourth cyan LED chip to address color issues and achieve 110% BT.2020 color gamut, while reducing blue light and energy consumption [3] - Samsung's Micro RGB Mini LED television utilizes sub-100 micron LED chips to enhance image quality, and LG's Micro RGB Mini LED also achieves 100% BT.2020 color gamut [3][5] - TCL's SQD-Mini LED television combines quantum dot technology with Mini LED, achieving 100% BT.2020 color gamut and a peak brightness of 8500 nits [3][5] Group 2: Market Trends - Mini LED televisions are expected to challenge OLED's position in the high-end market and are projected to grow significantly, with an estimated shipment of 21.1 million units in 2026, a 58% increase year-on-year [9] - Despite an overall decline in global television shipments, Mini LED televisions are anticipated to grow by 40%, reaching a market penetration of 10% [9] - The global shipment of Mini LED televisions is expected to reach 16.12 million units in 2026, marking a 30.1% increase, with the Chinese market leading the growth [10] Group 3: Competitive Landscape - Chinese brands are narrowing the gap with global leaders in the television market, with predictions that they may challenge for the top position by 2026-2027 [11] - The competition among brands has shifted from basic specifications to differentiated display technologies focusing on light sources, chips, and color management systems [5] - AI technology is set to play a significant role in enhancing television experiences, with expectations for deeper integration in 2026, moving towards generative AI applications [11]

Core Viewpoint - The industry is entering a phase of growth for RGB-Mini LED TVs and generative AI 2.0, with Mini LED TVs expected to experience growth despite market challenges [1][3]. Group 1: Mini LED TV Market Dynamics - Major brands like Hisense, Samsung, LG, and TCL are focusing on high-end Mini LED TVs at CES 2026, emphasizing color richness and realism [3][5]. - RGB-Mini LED technology is becoming a significant branch of high-end television technology, narrowing the quality gap with OLED TVs and even surpassing them in color gamut [5][6]. - Mini LED TVs are projected to grow in market share, with an expected shipment of 21.1 million units in 2026, representing a 58% year-on-year increase [10]. Group 2: Competitive Landscape - Hisense's RGB-Mini LED technology introduces a fourth cyan LED chip, achieving 110% BT.2020 color gamut and reducing blue light [4][6]. - Samsung's Micro RGB TVs utilize smaller LED chips to enhance image quality, while TCL's SQD-Mini LED TVs achieve high brightness levels and color accuracy [4][6]. - The competition among brands has shifted from basic specifications to differentiated display technologies, focusing on light sources, chips, and color management systems [6][12]. Group 3: Future Projections - Despite an overall decline in global TV shipments, Mini LED TVs are expected to grow by 40% in 2026, reaching a market penetration of 10% [10]. - The global shipment of Mini LED TVs is anticipated to reach 16.12 million units in 2026, marking a significant growth of 30.1% year-on-year [11]. - Chinese brands are expected to narrow the gap with global leaders, potentially challenging for the top position in the global TV market by 2026-2027 [12]. Group 4: AI Integration - The integration of AI in the television industry is expected to deepen, with companies like Samsung, LG, Hisense, and TCL focusing on AI-driven enhancements for user interaction and content generation [12]. - The industry is entering a generative AI 2.0 phase, enhancing user experience through improved audio-visual quality and multi-modal interactions [12].

Core Viewpoint - The article highlights the impressive achievements of Chinese manufacturing showcased at CES, emphasizing the leadership of Hisense in the RGB technology sector, which is setting new standards in the industry [1] Group 1 - Hisense has been recognized for its advancements in RGB technology, positioning itself as a leader in the market [1] - The event at CES is described as a significant moment for Chinese manufacturing, showcasing the country's capabilities in innovation and technology [1] - The article reflects a positive sentiment from netizens, who believe that these developments are defining new industry standards [1]

Market Overview - The black home appliance sector increased by 0.23% on January 6, with *ST Gauss leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up by 1.5%, while the Shenzhen Component Index closed at 14022.55, up by 1.4% [1] Stock Performance - *ST Gauss (002848) closed at 9.90, with a rise of 4.98% and a trading volume of 13,100 shares, amounting to 12.95 million yuan [1] - Tongzhou Electronics (002052) closed at 13.26, up by 2.24%, with a trading volume of 231,300 shares and a transaction value of 305 million yuan [1] - Zhaochi Co., Ltd. (002429) closed at 7.53, increasing by 1.76%, with a trading volume of 1,044,400 shares and a transaction value of 782 million yuan [1] - JiuLian Technology (688609) closed at 10.34, up by 1.57%, with a trading volume of 141,400 shares and a transaction value of 14.5 million yuan [1] - Sichuan Jiuzhou (000801) closed at 17.40, increasing by 1.22%, with a trading volume of 389,000 shares and a transaction value of 674 million yuan [1] - Sichuan Changhong (600839) closed at 9.39, down by 0.42%, with a trading volume of 1,198,700 shares and a transaction value of 1.121 billion yuan [1] Capital Flow - The black home appliance sector saw a net inflow of 59.15 million yuan from institutional investors, while retail investors experienced a net outflow of 57.89 million yuan [1] - The main capital inflow and outflow for specific stocks include: - Non-Chi Co., Ltd. (002429) had a net inflow of 12.4 million yuan from main investors [2] - Tongzhou Electronics (002052) saw a net inflow of 26.84 million yuan from main investors [2] - Sichuan Jiuzhou (000801) had a net inflow of 22.44 million yuan from main investors [2] - *ST Gauss (002848) experienced a net inflow of 2.12 million yuan from main investors [2] - Sichuan Changhong (600839) faced a net outflow of 48.33 million yuan from main investors [2]

Core Viewpoint - Hisense has officially launched its next-generation RGB-Mini LED display technology, achieving a color gamut of 110% BT.2020 and a color precision of 134 bits, aiming to enhance user experience in large-screen displays [2] Group 1: Technology Advancements - Hisense has upgraded its RGB-Mini LED technology by introducing a fourth cyan self-luminous chip, creating a unique 4-chip architecture that expands color boundaries and enhances detail in red, blue, magenta, and cyan [3] - The self-developed AI image quality chip H7 has improved performance, achieving color precision of 134 bits and the ability to distinguish trillion-level color differences, addressing color performance issues in existing OLED TVs [3] Group 2: Market Trends - The display industry is experiencing an "RGB boom," with major brands increasing their investments in RGB-Mini LED technology, and global shipments are expected to reach 500,000 units by 2026 [3] - Hisense has launched flagship TV series including UX, U7S Pro, and E8S, covering mainstream sizes from 75 to 116 inches, with the UX series winning a "CES 2026 Honor Award" and set to debut in China in March 2026 [4]

Core Viewpoint - Hisense officially launched its new generation RGB-Mini LED display technology in Las Vegas, showcasing a significant advancement in the display industry with a color gamut reaching 110% BT.2020 and color precision of 134 bits, marking a transformative change in television technology [1] Group 1 - Hisense is the pioneer of RGB-Mini LED technology, which has evolved through advancements in light sources, chips, and color management systems [1] - The introduction of RGB-Mini LED technology has sparked a global "RGB craze," with major brands entering this market segment, validating the technology's correctness and forward-looking nature [1] - The president of Hisense Visual Technology, Li Wei, emphasized that the combination of RGB and Mini LED represents a revolutionary change in the industry [1]

Core Viewpoint - Hisense has introduced a new generation of RGB Mini LED backlight technology, set to launch in March 2026 in China, featuring significant upgrades in light source, chip, and color management compared to 2025 products [1][2]. Group 1: Technology Upgrades - The new RGB Mini LED technology incorporates a unique "Linglong" four-core architecture, enhancing the RGB color emission with the addition of a cyan LED chip, achieving a color gamut of 110% BT.2020, marking the first time the traditional triangular color space has expanded to a quadrilateral [2]. - Compared to the highest configurations of QD-Mini LED, the new RGB Mini LED offers a 10% increase in color gamut, and an 18% increase compared to QD-OLED, with a color volume reaching an industry-leading 100% [2]. - Hisense has addressed key challenges in RGB Mini LED backlighting, such as color bleeding, color deviation, and color fringing, through its innovative packaging technology and color separation algorithms [2]. Group 2: Chip and Color Management - The new technology utilizes Hisense's self-developed AI picture quality chip, H7, which enhances color control precision to 134 bits, managing thousands of light control zones and distinguishing trillions of color variations [6]. - The RGB Mini LED technology significantly reduces harmful blue light by 60% compared to QD-OLED and by 75% compared to traditional QD-Mini LED, while also lowering energy consumption by 30% [6]. Group 3: Market Performance - Hisense's RGB Mini LED televisions gained substantial market traction during major promotional events in 2025, capturing 50% of the high-end large-screen market, with Hisense accounting for nearly 90% of that share [10].

Core Viewpoint - Hisense has launched a new generation of RGB-Mini LED display technology, achieving a color gamut of 110% BT.2020 and setting a new industry standard for color accuracy and management [1][2]. Group 1: Technology Advancements - The RGB-Mini LED technology integrates a new cyan light-emitting chip, creating a unique 4-chip architecture that expands the color gamut beyond traditional limits, achieving a 10% improvement over QD-Mini LED and an 18% improvement over QD-OLED [2]. - The self-developed H7 AI picture quality chip enhances color control precision to 134 bits, capable of distinguishing trillions of color variations, thus improving color saturation and detail in both dark and bright scenes [2][3]. Group 2: Color Management System - Hisense has developed a comprehensive end-to-end color management system utilizing professional-grade 3D LUT technology, allowing for accurate color reproduction that meets the intentions of content creators [3]. - The RGB-Mini LED technology aims to transform the viewing experience, making it feel immersive, akin to being at a live event, while providing professional-grade color presentation in consumer televisions [3]. Group 3: Market Position and Growth - As a pioneer in RGB-Mini LED technology, Hisense has rapidly established a strong product lineup, including the flagship UX series, and has captured nearly 90% of the high-end RGB-Mini LED market share during the Double Eleven shopping festival [4]. - The global shipment of RGB-Mini LED televisions is projected to reach 500,000 units in 2026, indicating significant growth potential in the market [4].

Investment Rating - The industry investment rating is maintained as "Positive" [4] Core Insights - Rising raw material prices have led some brands to initiate price increases, with leading companies demonstrating stronger pricing power and higher profit certainty. The upcoming CES event is expected to catalyze interest in smart consumer hardware [2] - The report highlights two main investment themes: 1. Leading companies exhibit higher operational efficiency and stability during cost-up cycles, making them preferred choices for conservative allocations. Recommended stocks include Midea Group (000333, not rated), Haier Smart Home (600690, not rated), and Hisense Visual (600060, increase holding) [2] 2. International expansion remains a long-term focus, with a potential valuation shift expected in 2026. Recommended stock is Stone Technology (688169, buy) [2] Summary by Sections - **Price Increases**: Midea announced price hikes of 2% and 4% for certain models starting January 3 and January 5, 2026, respectively, due to significant increases in copper prices, which have risen by 11% over the past month and 42% over the past year. Copper is a key raw material, accounting for approximately 20% of air conditioner costs [6] - **Profitability Mechanism**: The report estimates that a 30% increase in copper prices would necessitate a 5% price increase to fully offset cost increases, while Midea's price hikes exceed 6%, indicating effective cost management strategies [6] - **CES Focus Areas**: The report identifies three main areas of interest for CES: 1. AI glasses with over 50 brands showcasing new products 2. Robotics, including new laser radar lawnmowers and advanced cleaning robots 3. Other smart consumer hardware innovations such as AI companion robots and 3D printing [6]

Core Viewpoint - Hisense has officially launched its next-generation RGB-Mini LED display technology at CES 2026, achieving a color gamut of 110% BT.2020 and setting a new industry standard for color accuracy and energy efficiency [2][4]. Group 1: Technological Advancements - The RGB-Mini LED technology features three major advancements: a new 4-chip backlight system, an AI color control chip, and a comprehensive color management system [5][11]. - The new 4-chip backlight, which includes a unique cyan chip, enhances the color gamut to 110% BT.2020, surpassing current QD-Mini LED by 10% and QD-OLED by 18% [7]. - The AI color control chip H7 achieves a color precision of 134 bits, capable of distinguishing trillions of color variations, thus improving color saturation and detail in both dark and bright scenes [9][11]. Group 2: Market Impact - Hisense's RGB-Mini LED technology has sparked a global trend, with major brands entering the market, confirming the technology's validity and forward-thinking approach [13]. - Following the introduction of RGB-Mini LED TVs, Hisense captured nearly 90% of the high-end market share during the Double 11 shopping festival, indicating strong consumer preference for this technology [14]. - Predictions suggest that RGB-Mini LED shipments will surge to 500,000 units in 2026, reflecting rapid growth in this segment [14].