Core Viewpoint - The announcement indicates that the controlling shareholder, Xianyang Financial Holding Group Co., Ltd., has successfully completed the deregistration of a pledge on 60 million circulating shares, which represents 5.39% of its holdings and 1.67% of the company's total share capital [1] Summary by Relevant Categories Company Actions - The company received a notification from its controlling shareholder regarding the completion of the deregistration of a pledge on 60 million shares [1] - The pledge was originally made to Chongqing International Trust Co., Ltd. [1] Shareholder Information - The shares involved in the pledge represent 5.39% of the controlling shareholder's total holdings [1] - The shares account for 1.67% of the total share capital of the company [1] Timeline - The deregistration of the pledge was completed on January 30, 2026 [1] - The notification was received by the company on February 2, 2026 [1]

1月25日，彩虹集团（邵阳）特种玻璃有限公司 （ 简称邵阳玻璃 ） CS02生产线提质改造项目池 炉点火仪式在湖南邵阳举行。 作为彩虹集团电子玻璃产业布局的核心环节，邵阳玻璃CS02生产线提质改造项目 进度 较原计划 提前半个月完成建设任务。项目达产后，预计将形成年产200余万平方米盖板玻璃的生产规模。 资料显示， 彩虹集团（邵阳）特种玻璃有限公司是专业从事盖板玻璃及其相关产品的研发、生产 和销售的技术型公司，公司成立于2017年6月23日，注册资本4.69亿元。公司拥有邵阳和咸阳两 个生产基地，咸阳基地于2016年建成并投产一条年产140万平米G6代盖板玻璃生产线，邵阳基地 计划投资20亿元，建成4条G7.5代盖板玻璃生产线，首条线于2018年10月17日点火，达产后将 新增盖板玻璃年产能216万平方米。 彩虹集团 表示， 当前，车载显示、AI智能穿戴等新兴应用市场加速崛起，市场对高端特种玻璃的 需求持续攀升。此次池炉成功点火，既是 公司 项目建设的关键节点，更是抢抓市场发展机遇、深 耕电子玻璃产业的重要战略举措。 （ 来源：彩虹集团、集邦Display整理 ） 【集邦Display显示产业交流群】 图片来 ...

Investment Rating - The report maintains an "Outperform" rating for the LCD industry [2] Core Viewpoints - The LCD industry is experiencing a stabilization in capacity, with a concentration of market share expected due to the shutdown and sale of production lines by overseas manufacturers. This is anticipated to enhance the pricing power of LCD TV panel producers, leading to improved profitability [6] - The report highlights the growth potential of leading domestic panel manufacturers like BOE Technology Group, which is well-positioned to benefit from China's consumption upgrade and localization trends [6] Market Performance Review - From December 2025 to January 2026, the panel index increased by 11.55%, outperforming major indices such as the Shanghai Composite and Shenzhen Component by 5.76 percentage points and 2.53 percentage points, respectively [4] - As of January 20, 2026, the total market capitalization of the A-share panel industry was 604.92 billion yuan, with an overall price-to-book ratio of 1.71x, positioned at the 82.5 percentile of the past five years [4][12] Price & Cost Analysis - In January 2026, the prices of various sizes of LCD TV panels increased, with 32, 43, 50, 55, and 65-inch panels priced at $34, $61, $92, $115, and $163 respectively, reflecting increases of 3.0%, 1.7%, 1.1%, 0.9%, and 0.6% month-over-month [19] - Omdia forecasts further price increases for February 2026, with expected prices of $36, $63, $94, $117, and $165 for the same sizes, indicating month-over-month increases of 5.9%, 3.3%, 2.2%, 1.7%, and 1.2% [19] Supply & Demand Dynamics - In December 2025, the global shipment area for large-sized LCD panels grew by 8.82% year-over-year, with notable increases in shipments for TVs (8.74%), monitors (4.44%), notebooks (13.27%), and tablets (21.30%) [5][27] - The report anticipates a 2.31% increase in global large-sized LCD capacity area in 2024 compared to 2023, with a slight growth forecast for 2025 [5] Performance Review - The global revenue for large-sized LCD panels in December 2025 reached $6.423 billion, marking a month-over-month increase of 15.52% and a year-over-year increase of 4.71% [57] - The report notes that BOE, TCL, and Huike experienced varying revenue growth rates in December 2025, with BOE's revenue at $1.6 billion, reflecting a month-over-month increase of 8.11% [60]

Core Insights - The article discusses the recent performance announcements of five companies: Rainbow Co., Hua Ying Technology, Visionox, Corning, and Nitto, highlighting their varying revenue, profit, and project progress while emphasizing their efforts to enhance competitiveness through technological upgrades, production line optimization, and management improvements [1] Rainbow Co. - Rainbow Co. focuses on large-size high-refresh panels and accelerates the construction of G8.5+ substrate glass, expecting a net profit of 330 million to 390 million yuan for 2025, a decrease of 68.55% to 73.39% compared to the previous year [2] - The decline in profit is attributed to a significant drop in TV panel prices, increased management fees, and a reduction in net profit following the transfer of a 30% stake in a subsidiary [2] Hua Ying Technology - Hua Ying Technology anticipates a net loss of 980 million to 1.08 billion yuan for 2025, with a slight improvement in loss compared to the previous year [3][4] - The company is focusing on IGZO technology and optimizing product structure to enhance management efficiency and improve product margins [4][5] Visionox - Visionox expects revenue between 7.9 billion to 8.3 billion yuan for 2025, with a projected net loss of 2.5 billion to 2 billion yuan [6] - The company is advancing its high-generation AMOLED production line and adjusting its product structure to meet diverse customer needs, with a focus on technology innovation and lean management [7][8] Corning - Corning upgraded its "Springboard" plan, reporting a core sales figure of $4.41 billion for Q4 2025, a 14% increase year-on-year, and a full-year core sales of $16.41 billion, up 13% [9][10] - The company expects continued growth in Q1 2026, with core sales projected to increase by about 15% [10] Nitto - Nitto reported a 1% increase in sales revenue to approximately 786.2 billion yen (about 35.7 billion yuan) for Q3 2025, while operating profit decreased by 3.3% [11][12] - The company’s optical film business saw growth due to increased demand for high-end laptops and tablets, although it strategically exited the LCD smartphone optical film market [12][13]

彩虹股份（600707）(600707.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净利润为 3.3亿元到3.9亿元，与上年同期相比，将减少8.5亿元到9.1亿元，同比减少68.55%到73.39%。 ...

智通财经APP讯，彩虹股份(600707.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净 利润为3.3亿元到3.9亿元，与上年同期相比，将减少8.5亿元到9.1亿元，同比减少68.55%到73.39%。 ...

证券代码：600707 证券简称：彩虹股份 编号：临 2026-001 号 彩虹显示器件股份有限公司 ● 本期业绩预告适用情形：实现盈利，且净利润与上年同期相比下降 50% 以上。 ● 彩虹显示器件股份有限公司（以下简称"本公司"）预计 2025 年年度实现 归属于母公司所有者的净利润为 3.3 亿元到 3.9 亿元；归属于母公司所有者的扣 除非经常性损益后的净利润为 1.8 亿元到 2.4 亿元。 一、本期业绩预告情况 （一）业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 经财务部门初步测算，预计 2025 年年度实现归属于母公司所有者的净利润 为 3.3 亿元到 3.9 亿元，与上年同期相比，将减少 8.5 亿元到 9.1 亿元，同比减少 68.55%到 73.39%。 预计 2025 年年度实现归属于母公司所有者的扣除非经常性损益后的净利润 为 1.8 亿元到 2.4 亿元，与上年同期相比，将减少 7.97 亿元到 8.57 亿元，同比减 少 76.86%到 82.64%。 2025 年年度业绩预减公告 本公司董事会及全体董事保证本公告内容不存在任何 ...

本报告期，公司经营业绩预减的主要原因是：因TV面板产品价格较上年同比下降，导致面板业务毛利 下降；管理费用中中介机构服务费同比大幅度增加；公司于2025年7月完成控股子公司咸阳彩虹光电科 技有限公司30%股权转让后，归属于上市公司股东的净利润相应减少。 格隆汇1月29日丨彩虹股份(600707.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司 所有者的净利润为3.3亿元到3.9亿元，与上年同期相比，将减少8.5亿元到9.1亿元，同比减少68.55%到 73.39%。预计2025年年度实现归属于母公司所有者的扣除非经常性损益后的净利润为1.8亿元到2.4亿 元，与上年同期相比，将减少7.97亿元到8.57亿元，同比减少76.86%到82.64%。 本报告期，公司各项生产经营工作稳定推进，液晶面板业务持续提升大尺寸高刷产品产能配置，提高生 产经营效益；基板玻璃业务继续加快推进G8.5+基板玻璃项目建设，扩大产业规模，G8.5+液晶基板玻 璃产品产销量、销售收入同比保持持续增长，但受市场因素影响，G6液晶基板玻璃产品产销量同比大 幅下降。 ...

Core Viewpoint - The LCD demand is expected to improve by 2026 due to factors such as sports events, with leading manufacturers likely to drive supply-demand balance through production control [1][2] Group 1: LCD Market Outlook - The demand for LCD is anticipated to rebound, supported by major manufacturers maintaining production control to enhance supply-demand dynamics [1] - The upcoming FIFA World Cup and the continuation of trade-in policies in China are expected to boost demand for LCD TVs [1] - The average size of TV panels is projected to continue increasing, contributing to overall demand growth [2] Group 2: Supply Dynamics - Major panel manufacturers, including BOE, TCL Huaxing, and Huike, have achieved significant market share and are expected to continue production control, including reductions during the Lunar New Year [2] - According to TrendForce, TV panel prices are forecasted to rise by $1 across various sizes in January 2026 compared to the previous month [2] Group 3: OLED Market Potential - The potential demand for mid-size OLED panels is gaining attention, with expectations for significant cost reductions and increased penetration in laptops and tablets by 2026 [3] - Major manufacturers are optimistic about market demand, as evidenced by BOE's early activation of the first 8.6-generation AMOLED production line in China [3] Group 4: Domestic Manufacturers' Breakthroughs - Domestic manufacturers are accelerating technological breakthroughs in materials and driver chips, which may benefit from improving downstream demand [4] - New products in OLED materials are entering the market, and companies like Xiahe Technology are achieving commercial production of key materials [4] Group 5: Related Companies - Key panel manufacturers include TCL Technology (000100.SZ), BOE A (000725.SZ), and Rainbow Technology (600707.SH) [5] - Notable panel materials manufacturers are Lite-On Optoelectronics (688150.SH) and Ruvi Optoelectronics (688401.SH) [5]

Market Overview - On January 6, the A-share market experienced a broad-based rally, with the Shanghai Composite Index rising by 1.50% to close at 4083.67 points, and the Shenzhen Component Index increasing by 1.40% to 14022.55 points. The total trading volume in the Shanghai and Shenzhen markets reached 2.81 trillion yuan, significantly higher than the previous trading day [1][14]. - The market showed a balanced performance in terms of individual stocks, with 2371 stocks experiencing net inflows from large orders, while 2538 stocks saw net outflows. There was a clear trend of funds concentrating on high-growth sectors and undervalued stocks, indicating significant sector rotation [1][14]. Sector Performance - The non-bank financial sector was the strongest performer, with a net inflow of 6.437 billion yuan and a sector index increase of 3.73%. The metals sector followed closely, rising by 4.26% with a net inflow of 3.663 billion yuan. Other active sectors included optical electronics, chemical raw materials, and minor metals, which also saw significant inflows [1][14]. - Conversely, the telecommunications sector faced substantial outflows, with a net outflow of 7.564 billion yuan. Other sectors such as media, machinery equipment, and pharmaceutical biology also experienced net outflows, indicating a clear adjustment trend [1][14]. Investment Opportunities - **Binhu Chemical (601678)**: A leading chemical company with a focus on low valuation and industry upgrades. The stock hit the daily limit on January 6, closing at 4.75 yuan, with a five-day increase of 10.72%. The company is advancing green low-carbon industrial park construction and digital upgrades, indicating strong valuation recovery potential [2][3]. - **Jiahua Energy (600273)**: A quality energy chemical stock with a complete industrial chain. The stock also hit the daily limit on January 6, closing at 9.59 yuan, with a five-day increase of 14.44%. The company's performance is supported by steady growth and low valuation [4][5]. - **Rainbow Technology (600707)**: A leader in display panels, the stock closed at 7.05 yuan on January 6, with a five-day increase of 12.44%. The company is optimizing its business structure through collaboration with BOE, enhancing its growth prospects [6][7]. Risks in High Valuation Stocks - **International Medical (000516)**: A medical service stock that has shown two consecutive limit-ups but has a significant valuation bubble. The stock closed at 5.19 yuan on January 6, with a five-day increase of 15.59%. The company reported losses, indicating a lack of fundamental support [8][9]. - **Guosheng Technology (603778)**: A new energy stock that has also shown two consecutive limit-ups but lacks performance support. The stock closed at 21.3 yuan on January 6, with a five-day increase of 34.05%. The company continues to report losses, leading to a significant valuation bubble [10][11]. - **Aipeng Medical (300753)**: A medical device stock with high valuation premiums, closing at 39.96 yuan on January 6, with a five-day increase of 38.99%. The company has reported losses, and its stock price is driven by speculative trading rather than fundamental improvements [12][13]. Summary and Investment Strategy - The A-share market is showing a broad rally with significant trading activity, particularly in sectors with clear industrial logic and strong performance certainty. Companies like Binhu Chemical, Jiahua Energy, and Rainbow Technology are highlighted as undervalued opportunities with clear recovery potential [14][15]. - In contrast, stocks like International Medical, Guosheng Technology, and Aipeng Medical are identified as high-risk due to their reliance on speculative trading and lack of fundamental support. Investors are advised to focus on sectors with strong performance certainty while avoiding high-premium stocks lacking earnings support [14][15].