Core Insights - The perovskite battery concept has seen a significant increase of 5.67%, ranking fourth among concept sectors, with 54 stocks rising, including notable gainers like Xian Dao Intelligent and Li Yuan Heng, which hit the 20% limit up [1][2] Market Performance - The perovskite battery sector attracted a net inflow of 4.305 billion yuan, with 43 stocks receiving net inflows, and 8 stocks exceeding 100 million yuan in net inflows. Leading the inflow was Xian Dao Intelligent with 1.968 billion yuan [2][3] - Other notable stocks with significant net inflows include Longi Green Energy (0.408 billion yuan), Tongwei Co. (0.356 billion yuan), and Huagong Technology (0.353 billion yuan) [2] Stock Performance - Top performers in the perovskite battery sector included: - Xian Dao Intelligent: +20.01% with a turnover rate of 19.94% and a net inflow of 1.968 billion yuan [3] - Li Yuan Heng: +20.00% with a net inflow rate of 8.64% [4] - Mingyang Smart Energy: +9.97% with a net inflow rate of 18.04% [5] - Stocks with the highest net inflow ratios included Xizi Clean Energy (22.02%), Mingyang Smart Energy (18.04%), and Yaopi Glass (15.13%) [3][5] Decliners - The stocks with the largest declines included China Nuclear Power (-0.46%), Huangshi Group (-0.26%), and Lushan New Materials (-0.08%) [1][6]

随着 中国的 面板厂和TV品牌厂 逐渐崛起，海外厂商 面临激烈竞争，市占率受到影响，从而其盈 利能力也面临一定的压力。 2025年第二季度由于市场竞争激烈，三星VD/DA业务和LGE MS业务的盈利能力有所下降。 VD/DA 2025年第二季度的营业利润率为1.4%，环比下降0.7个百分点，同比下降2.0个百分点。 2025年下半年，VD业务计划通过把握旺季需求、发展高端电视等措施来改善盈利情况。 LGE MS业务2025年第二季度的营业利润率为-4.4%，环比下降4.5个百分点，同比下降6.9个百 分点。在中国TV品牌的竞争压力之下，LGE MS业务的盈利能力面临挑战。为改善盈利情况， LGE计划强化WebOS平台业务、扩大在南半球市场的影响力。 海信的TV业务发展势头良好，出货量持续增长，市占率持续提升，最近几个季度的营业利润率能 够保持在5%左右。 三星显示（SDC）2025年第二季度的营业利润率为7.8%，虽然明显高于其他面板厂，但是同比及 环比都在下降，环比下降0.7个百分点，同比下降5.4个百分点。 友达（AUO）2025年第二季度的营业利润率为2.2%，已经连续2个季度为正。群创（INX）202 ...

| 股票代码 | 股票简称 | 涨跌幅 | 权重 | | --- | --- | --- | --- | | 002475 | 立讯精密 | 5.14% | 8.06% | | 000725 | 京东方A | 0.49% | 6.71% | | 688256 | 寒武纪 | 4.97% | 5.79% | | 603501 | 豪威集团 | 1.80% | 4.99% | | 688008 | 澜起科技 | 4.53% | 4.31% | | 601138 | 工业富联 | 4.84% | 3.89% | | 603986 | 兆易创新 | -0.06% | 3.84% | | 002241 | 歌尔股份 | 1.85% | 2.61% | | 300014 | 亿纬锂能 | 9.64% | 2.57% | 消费电子ETF(561600)，场外联接(平安中证消费电子主题ETF发起式联接A：015894；平安中证消费电子主题ETF发起式联接C：015895；平安中证消费电子 主题ETF发起式联接E：024557)。 流动性方面，消费电子ETF盘中换手8.57%，成交4549.17万元。拉长时间看，截至9月4日， ...

政策东风下，产业龙头不断寻求突围。2003年，京东方科技集团股份有限公司（以下简称"京东方A"） 收购韩国现代的显示屏3代生产线，迈出"海外收购、自主建线"的关键一步。2009年，TCL创始人、董 事长李东生创立TCL华星光电技术有限公司（以下简称"TCL华星"）进军显示行业，进一步壮大国内面 板制造的力量。 显示行业是典型的重资产行业，需要长期且大额的资金投入，京东方A与TCL华星通过与政府合作、资 本市场融资等多种方式，艰难铺设面板国产化生产的基石，在重重技术封锁与市场质疑中坚持投资建设 高世代产线（新型显示产业中用于生产大尺寸显示面板的先进生产线）。如今，以TCL华星与京东方A 为代表的中国企业已经构建起强大的LCD制造集群。 产业链上游材料的自主可控同样关键。以偏光片为例，作为液晶面板的核心材料，其制造技术长期由国 外主导。2007年，深圳市三利谱光电科技股份有限公司（以下简称"三利谱"）成立，2008年，公司建成 窄幅偏光片全制程生产线，又于2011年建成了国内首条宽幅TFT偏光片全制程生产线，一举填补了国内 TFT-LCD偏光片产业的空白。此后，随着多条宽幅产线陆续投产，三利谱逐步实现在手机、平板 ...

长江商报消息 ●长江商报记者 张璐 全球面板巨头京东方A（000725.SZ）向市场释放积极信号。 9月3日，京东方A公布，截至2025年8月31日，公司通过回购专用证券账户，以集中竞价方式实施回购 公司股份，累计回购A股数量为1.65亿股，共耗资6.63亿元（不含交易费用）。 作为国内半导体显示领域的领军企业，京东方A的回购行为并非孤立事件，而是其资本市场策略的延 续。回溯2022年，公司曾在1月累计回购4.91亿股A股，支付总金额25.77亿元，在行业周期性调整的关 键节点向市场传递了信心。 长江商报记者注意到，京东方A此次实施回购，正值面板行业逐步回暖的阶段，京东方A在业绩与技术 创新上均表现亮眼，2025上半年实现营收1013亿元，同比增长8.45%；净利润为32.47亿元，同比大增 42.15%。 同时，京东方A坚持"以创新为第一驱动力"，筑牢行业技术领先优势。2022年—2025年上半年，公司研 发投入累计达432.52亿元。2025年上半年，公司新增专利申请超4000件，发明专利占比超90%。 累计回购1.65亿股A股 9月3日，京东方A披露的股份回购进展公告引发资本市场广泛关注。公告显示，截至 ...

京东方精电(00710)发布公告，于2025年9月4日，受托人根据股份奖励计划及信托契约的条款和条件从 市场购买合共20万股股份以备以上及未来股份奖励计划所需。 ...

格隆汇9月4日丨京东方精电(00710.HK)公告， 于2025年9月4日，受托人根据股份奖励计划及信托契约 的条款和条件从市场购买合共20万股股份以备以上及未来股份奖励计划所需。 ...

Core Viewpoint - The global display panel industry is experiencing a shift from "scale expansion" to "value restructuring," with Chinese manufacturers gaining market share and profitability [2][4]. Revenue and Market Share - In the first half of 2025, global panel manufacturers' revenue reached approximately $56.2 billion, remaining stable year-on-year, with Chinese manufacturers surpassing 50% market share for the first time [2]. - Chinese mainland panel manufacturers generated about $29.3 billion in revenue, a year-on-year increase of approximately 7%, capturing around 52.1% of the global market share, up 3.3 percentage points [2]. - Korean panel manufacturers saw a revenue decline of 9.5%, with their market share dropping to 30%, down 3.2 percentage points [2]. - Taiwanese panel manufacturers experienced a revenue increase of 4.4%, holding a market share of 13.2%, up 0.6 percentage points [2]. - Japanese panel manufacturers faced a revenue decline of 16.7%, with their market share decreasing to 3.5%, down 0.7 percentage points [2]. Company Performance - BOE Technology Group led the revenue rankings with 101.28 billion yuan, a year-on-year growth of 8.45% [3]. - TCL Huaxing followed with 50.43 billion yuan in revenue, a year-on-year increase of 14.4%, narrowing the revenue gap with Samsung Display and LG Display [3]. - Samsung Display remains the leader in operating profit, but the gap with Chinese manufacturers is closing [3]. - TCL Huaxing reported a net profit of 4.32 billion yuan, up 74% year-on-year, while BOE's net profit was 3.247 billion yuan, a 42.15% increase [3]. - Other companies like AUO, Innolux, Tianma, and Huike reported revenues above $2 billion, but their operating profits were below $100 million [3]. Industry Trends - The display panel industry is transitioning towards high-value products such as Mini LED, OLED, and AI applications, which are expected to drive structural growth in the Chinese mainland display panel market in the second half of 2025 [4][5]. - TCL Technology indicated that demand for TV panel inventory is expected to recover in the third quarter, with the acquisition of LGD's Guangzhou LCD production line anticipated to become a significant profit source [4]. - BOE stated that the global economic slowdown and price declines are compressing profit margins, prompting the company to enhance AI applications and advance its "screen IoT" strategy [4].

Core Viewpoint - Hanwha Semiconductor has successfully won the bid for BOE's Micro LED project, supplying chip mounters to BOE's production base in Zhuhai, marking a significant step in the Micro LED industry [2]. Group 1: Project Details - The project involves the supply of 4 chip mounters, with Hanwha Semiconductor being the sole bidder and officially winning the bid on September 1 [2]. - The expected delivery models are speculated to be either the Decan F2 or XM5 series, which have precision capabilities of 40µm and 22µm, respectively, suitable for Micro LED chips under 100µm [2]. - The Zhuhai base is the world's first 6-inch Micro LED mass production line, primarily producing Micro LED wafers and pixel devices for AR/VR and wearable applications [2]. Group 2: Production Capacity - Once fully operational, the Zhuhai production line is projected to achieve an annual capacity of 24,000 6-inch wafers and 45,000 KK Micro LED pixel devices [2]. - The Micro LED production line was launched in November last year, and product deliveries were announced in March this year [3].

2025.09. 04 本文字数：1660，阅读时长大约3分钟 作者 | 第一财经 周斌 A股上市公司中报披露收官后，外资机构二季度末持仓动向也随之浮现。 Wind数据显示，截至今年二季度末， QFII（合格境外机构投资者）合计重仓1145家A股公司，持股市值超1400亿元。 从持仓市值来看，进入QFII持仓市值前十的个股分别是宁波银行、南京银行、生益科技、上海银行、紫金矿业、西安银行、京东方A、豪威集团 （603501.SH）、九号公司-WD（689009.SH）、东方雨虹。 其中，持仓市值最高的宁波银行为361.63亿元。其次是南京银行，为231.94亿元。生益科技为95.5亿元。另外，京东方A的持仓市值较上期减少 5482.93万元至14.68亿元。 从持仓动向来看，今年二季度QFII新进个股813只，增持个股173只，减持126只个股，还有33只个股的持股数量保持不变。 从重仓股的行业分布来看，二季度QFII对机械、硬件设备、化工、电气设备等板块的调仓动作明显，银行、纺织服装、有色金属等获得增持数量较 多，同时新进了工业贸易与综合、电信服务板块，而煤炭、建材等板块则整体遭到不同程度减持。 QFII新进 ...