Core Viewpoint - The domestic AMOLED industry has traditionally focused on small-sized terminal products like smartphone screens, but recent advancements have been made in the notebook screen sector. However, the large-sized OLED screen market, represented by monitors and TVs, is still dominated by Samsung Display and LG Display [1]. Group 1 - TCL Huaxing's first OLED display panel has begun production, and some monitor brands are testing OLED display prototypes based on Huaxing panels, which may break the duopoly of Korean companies in this field [1]. - The first panel from TCL Huaxing is a commercial model with a refresh rate of 144Hz, but most brands consider its specifications unsuitable for the current market and are in a wait-and-see mode for future product upgrades [3].

Group 1 - The global LCD demand is expected to grow at an average annual rate of 4% from 2023 to 2029, while industry production capacity is projected to grow only 1% during the same period, indicating a potential supply shortage by 2028 [1][2] - The LCD industry is undergoing a phase of consolidation, with significant transactions such as TCL Technology's acquisition of LGD's Guangzhou LCD factory and BOE's acquisition of a 30% stake in Rainbow [1][2] - Chinese panel manufacturers are expected to control approximately 75% of global LCD capacity, enhancing their market influence and allowing them to maintain a "demand-driven, profit-first" operational strategy [2] Group 2 - The trend of larger-sized televisions is accelerating, and the consolidation of leading players in the industry is expected to support a long-term upward trend in panel prices and volumes [3] - The increasing influence of Chinese consumer electronics brands in the international market is likely to benefit the domestic panel industry, with TCL and Hisense's combined global TV market share rising to 39%, a 6 percentage point increase from the previous year [3]

Core Viewpoint - TCL aims to establish five operational entities overseas to enhance local economic development and contribute to the local industry chain [2][3] Group 1: Globalization Strategy - Since its international expansion in 1999, TCL has consistently pursued a globalization strategy, focusing on localized operations to benefit local economies and environments [2] - TCL's overseas revenue has grown significantly, from 59 billion to 125.3 billion yuan from 2019 to May 2023, with an average annual growth rate of 17.6% [3] - Currently, over 60% of TCL's revenue comes from overseas markets, with the potential for regional centers to surpass the Chinese market [3][4] Group 2: Localized Operations - TCL emphasizes the importance of building local supply chains and industrial capabilities in overseas markets, which includes establishing manufacturing bases and collaborating with local suppliers [7][8] - The company has created thousands of jobs in various countries, such as employing over 7,000 local workers in Vietnam and providing 800 to 1,000 jobs annually in Poland [8] - TCL's global workforce includes over 150 local employees in the U.S. and more than 50 in countries like France, Australia, and Japan [8] Group 3: Future Outlook - TCL's recent partnership as a global Olympic partner is expected to open new avenues for its globalization efforts [8] - The company aims to balance efficiency and fairness in its operations, focusing on co-building industrial capabilities with local communities [6][8]

Core Viewpoint - The fragmentation and restructuring of global supply chains have become unavoidable core issues in the context of globalization reaching a crossroads, emphasizing the need for a balance between efficiency and fairness in future global economic development [2][3]. Group 1: Globalization and Economic Impact - The past decades of globalization, driven by efficiency, have created significant wealth but also sowed the seeds of imbalance, necessitating a profound "rebalancing" [2]. - The WTO-led trade liberalization has resulted in an average annual growth of global trade by 5.8% over 30 years, contributing 0.2 percentage points to global economic growth each year [2]. Group 2: Issues of Fairness - The hollowing out of manufacturing in developed countries, exemplified by the decline of the U.S. manufacturing sector's GDP share from 24% in 1970 to an estimated 9% in 2024, has led to job losses and social stability concerns, fueling protectionist sentiments [3]. - Developing countries remain locked in low-value-added segments of the supply chain, with multinational companies favoring labor-intensive production in these regions while retaining high-profit segments like R&D and branding in their home countries [3]. Group 3: Future Directions for Multinational Corporations - Multinational corporations must evolve from mere efficiency seekers to balanced promoters of both efficiency and fairness in the restructuring of globalization [4]. - Three actionable paths for companies to transition from "product output" to "capability co-construction" include: 1. Deepening local supply chain integration to build a comprehensive local supply chain system [5]. 2. Empowering local industry chain upgrades by sharing advanced technology, management systems, and quality standards [5]. 3. Creating more social value to promote sustainable local economic development [5]. Group 4: Entrepreneurial Mindset - In the face of significant uncertainty and volatility, the strategic determination and long-term vision of entrepreneurs are crucial for navigating the evolving global economic landscape [5].

Group 1: Cooling Economy Trends - The "cooling economy" is gaining traction with innovative products and services driven by rising temperatures, aligning with policies aimed at boosting consumption [1][2] - Major brands like Midea, Xiaomi, and Haier saw over 200% increase in air conditioner sales during the "618" shopping festival, indicating strong consumer demand for cooling products [1] - Instant retail services are enhancing the delivery speed of cooling products, with Meituan offering 30-minute delivery for essential items [1] Group 2: Beverage Market Innovations - There is a growing demand for refreshing beverages, with new product launches from tea brands and the rise of homemade drinks [2] - Companies like Shanghai Jahwa and New Hope Liuhe are leveraging brand collaborations and product innovations to capture opportunities in the cooling economy [2] Group 3: Experience and Tourism Innovations - Tourist attractions are innovating experiences to cater to summer visitors, such as the "20-degree Ice Whale Watching Tour" at Shanghai Haichang Ocean Park, which has seen a fourfold increase in visitor numbers [2][3] - The trend of summer tourism is shifting towards experiential offerings, with a focus on integrating local culture and lifestyle into the tourism experience [3] Group 4: Policy Support for Consumption - Local governments are promoting summer consumption through initiatives like the "Colorful Summer" tourism season in Hubei, which includes various cooling experiences [3][4] - Night economy initiatives are being launched in cities like Shanghai and Shenzhen to stimulate consumption, featuring diverse nighttime activities [4][5] Group 5: Future Consumption Trends - The integration of sports and tourism is expected to drive summer consumption, with recommendations for developing diverse sports tourism products [5] - Analysts predict that new consumption avenues related to ready-to-drink beverages and sports events will continue to receive policy support, enhancing local economic growth [5]

Core Viewpoint - The article discusses the declining demand for LCD panels due to weak television sales and overall market sluggishness, which may negatively impact the OLED television market as well [1][3]. Group 1: LCD Market Trends - The global LCD factory utilization rate is expected to remain in the mid-70% range during June and July, which is considered low as rates below 80% indicate underutilization [1]. - Major players like BOE and TCL Huaxing plan to reduce the glass substrate supply in June and July due to high inventory levels established by TV manufacturers and distributors [1]. - Samsung has notified suppliers of a significant reduction in LCD panel procurement for the third quarter, planning to cut over one million panels compared to previous quarters, which may exert downward pressure on overall LCD procurement prices [3]. Group 2: Inventory and Demand Issues - The actual demand for televisions in the first half of the year has been weak, with industry insiders noting a phenomenon of "false demand" and high inventory levels at some panel manufacturers, particularly SDP [1]. - There is a divergence of opinions regarding the LCD panel market demand post-August, with some believing it will gradually improve while others see no strong catalysts for a rebound, suggesting demand may remain similar to July levels [4]. Group 3: Future Outlook - Typically, panel and complete machine manufacturers begin stocking up in the third quarter in anticipation of the fourth quarter's "Black Friday" sales peak [5].

Event Overview - The first Shanghai International Animation Month will commence on July 4, featuring a collaboration of three major events: CCG EXPO (July 4-6), Bilibili World (July 11-13), and ChinaJoy (August 1-4) [1] - The event will host over a hundred themed activities and more than a thousand limited-edition merchandise, along with a series of cross-dimensional activities and the issuance of "dimension digital consumption vouchers" [1] - Major animation IPs such as Disney, LEGO, and Bandai Namco will participate, alongside domestic productions like "The Little Monster of Langlang Mountain" and "Linglong" [1] ChinaJoy Highlights - ChinaJoy, scheduled for August 1-4, is recognized as a premier event in the digital entertainment industry, covering games, animation, esports, smart hardware, and trendy toys [2] - The event will include several high-profile forums and unique activities such as a digital live shopping festival and the debut of the "China Audio-Visual Game Museum" [2] - A new theme area focusing on smart entertainment robots has opened for exhibitors, presenting significant opportunities for companies in the robotics and gaming sectors [2] CCG EXPO and Bilibili World - CCG EXPO is one of the largest comprehensive animation and gaming exhibitions in China, expecting over 500,000 attendees in 2024 and achieving an online transaction value of 284 million yuan [3] - Bilibili World, a major offline event hosted by the popular video platform Bilibili, anticipates 300,000 attendees and has doubled its exhibitor count, making it the largest anime convention in East Asia [3] Market Potential - The Chinese animation industry is undergoing significant structural changes driven by digital technology and cultural consumption upgrades, leading to a new development phase [4] - The industry has gained international recognition, with projections estimating the total output value of the Chinese animation industry to reach 423 billion yuan by 2025, representing a 457% increase from 2019 [5] Company Involvement - Companies such as 37 Interactive Entertainment, Perfect World, Giant Network, and others have participated in multiple editions of ChinaJoy and CCG EXPO [9] - Shunwang Technology has acquired the organizer of ChinaJoy, Hanwei Xinheng, indicating consolidation within the industry [9]

Core Viewpoint - TCL's globalization strategy has evolved from "product output" to "ecosystem co-construction," emphasizing the importance of deep collaboration with global resources and enterprises, particularly through its partnership with Amazon Web Services (AWS) [1][9]. Group 1: Globalization Strategy - TCL has transformed from a small factory producing tape recorders in Huizhou to a global technology group with operations in over 160 countries and annual revenue exceeding 300 billion yuan [1]. - The collaboration with AWS is seen as a key factor in overcoming challenges in globalization, particularly in software and digitalization [2][4]. Group 2: Digital Transformation - The shift to a digital ecosystem requires a new paradigm, as physical factories can be replicated, but digital ecosystem collaboration is more complex [2]. - TCL has achieved data coverage in 245 countries and regions, ensuring compliance with regulations like GDPR through AWS's global cloud infrastructure [4]. Group 3: Operational Efficiency - The integration of AWS has led to significant improvements, such as reducing the product integration cycle for the global IoT platform from 30 person-days to 1 person-day and cutting R&D costs by 50% [5][6]. - The implementation of a serverless architecture has resulted in a 20% reduction in operational costs and a 19% performance improvement [6]. Group 4: AI Integration - TCL's A300 art television utilizes AI to generate unique artwork based on user input, showcasing the company's commitment to merging traditional appliances with artistic creativity [7]. - The company has embedded generative AI across its operations, enhancing user interaction and optimizing product performance [7][8]. Group 5: Future Directions - Future collaborations with AWS will focus on deeper integration of generative AI and overall optimization of enterprise operations, including global customer service systems [8]. - TCL is exploring agent technology to simplify user interactions with devices, aiming to create a more intuitive experience [8].

Core Viewpoint - TCL Huaxing is a leading player in the semiconductor display industry, focusing on large-size TFT-LCD display devices and diversifying its technology strategies to enhance competitiveness in the new display market [2][4]. Group 1: Financial Performance - In 2024, TCL Huaxing's revenue is projected to be 89.668 billion RMB, with a net profit of 5.544 billion RMB [5]. - TCL Technology plans to acquire a 21.5311% stake in Shenzhen Huaxing Semiconductor Display Technology Co., which corresponds to a registered capital of 9 billion RMB, to strengthen its core business and enhance profitability [5]. Group 2: Industry Position and Strategy - TCL Huaxing is a subsidiary of TCL Technology and is recognized globally for its semiconductor display products, primarily serving major TV brands like TCL Electronics, Samsung, Xiaomi, and others [2][3]. - The company is implementing a multi-technology strategy, including HVA/HFS/IPS/IJP OLED/FMM OLED/MLCD/MLED, to address the competitive landscape of the new display industry [4]. Group 3: Government Support - On June 22, the Industrial and Information Technology Bureau of Guangming District, Shenzhen, announced a funding plan for the construction of new display material testing and verification lines, with TCL Huaxing receiving a proposed funding amount of 50 million RMB [1].

以下文章来源于SGS电子电气服务 ，作者科技电子产品 SGS电子电气服务 . SGS电子电气服务部涵盖13条产线，提供全面的解决方案，确保企业产品从设计、生产到出口均符合各 国或地区的标准和法规要求。我们帮助企业建立与消费者的信任，助力企业高质量发展，也期待与您携 手推动电子电气的绿色、低碳、可持续发展，共创美好未来。 2025年6月18日，在上海举办的世界移动通信大会（MWC）上， 国际公认的测试、检验和认证 机构SGS为TCL华星轻薄平板显示产品颁发 全球首张SGS类自然光谱EX（Quasi-Natural Light Spectrum EX）认证证书 。SGS 中国区副总裁赵晖、TCL华星研发中台技术企划中心中 心长周明忠等双方领导共同出席颁证仪式。此次认证的获得不仅彰显了TCL华星在显示技术创 新和产品性能方面的卓越表现，也引领显示行业向"自然光谱级"视觉体验迈出重要一步。 双方代表合影 在电子产品普遍化、低龄化的时代，显示屏在日常生活中的使用频率不断攀升，健康护眼、极致画 质、轻薄便携逐渐成为消费者购买电子产品的重要考量因素。TCL华星紧跟时代需求，持续加大技术研 发投入，推出了领先的类自然光谱显示 ...