Group 1 - The repurchase price ceiling has been adjusted from 6.11 CNY/share to 6.06 CNY/share due to the implementation of the 2024 annual equity distribution [1] - As of August 31, 2025, the company has repurchased a total of 164,662,200 A-shares, accounting for approximately 0.4484% of A-shares and about 0.4401% of the total share capital [1] - The transaction price range for the repurchased shares was between 3.94 CNY and 4.25 CNY/share, with a total payment amounting to 663,395,137.00 CNY (excluding transaction fees) [1] Group 2 - The company's repurchase operations comply with relevant laws and regulations, strictly adhering to the provisions of the "Repurchase Guidelines" [1] - The company has not conducted repurchase operations during prohibited periods, and the centralized bidding trading method meets regulatory requirements [1] - The company plans to continue implementing the repurchase plan based on market conditions and will fulfill information disclosure obligations in a timely manner [1]

智通财经APP讯，京东方A(000725.SZ)发布公告，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股数量约为1.65亿股，占公司A股的比例约为0.4484%， 占公司总股本的比例约为0.4401%，本次回购最高成交价为4.25元/股，最低成交价为3.94元/股，支付总 金额约为6.63亿元(不含交易费用)。 ...

智通财经APP讯，京东方A(000725.SZ)发布公告，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股数量约为1.65亿股，占公司A股的比例约为0.4484%， 占公司总股本的比例约为0.4401%，本次回购最高成交价为4.25元/股，最低成交价为3.94元/股，支付总 金额约为6.63亿元(不含交易费用)。 ...

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2025-068 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2025-068 | 京东方科技集团股份有限公司 关于回购部分社会公众股份事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 1 京东方科技集团股份有限公司（以下简称"公司"）分别于 2025 年 4 月 18 日、2025 年 5 月 23 日召开第十一届董事会第四次会议和 2024 年度股东大会，审议通过了《关于回购公司部分社会公众股份 的议案》（内容详见公司于 2025 年 4 月 22 日披露的《关于回购公司 部分社会公众股份方案的公告》，公告编号：2025-029）。并于 2025 年 6 月 10 日披露了《关于回购公司部分社会公众股份的报告书》（公 告编号：2025-045）。 根据《京东方科技集团股份有限公司关于回购公司部分社会公众 股份方案的公告》，若公司在回购期内实施派息、送股、资本公积金 转增股本、股票拆细、缩股 ...

Core Viewpoint - The ongoing patent disputes between Samsung and BOE have intensified, with BOE filing for the invalidation of seven Samsung patents in response to Samsung's accusations of patent infringement [1][3][4]. Group 1: Legal Actions - BOE submitted an invalidation request for seven Samsung display patents to the U.S. Patent and Trademark Office (PTAB) [1]. - Samsung filed additional patent infringement lawsuits against BOE in Texas, claiming that BOE's OLED screens for the Nubia Z60 Ultra phone violated its patents [1][3]. - The legal battle has escalated since 2022, with Samsung removing BOE from its supplier list and filing multiple complaints against BOE for patent and trade secret infringements [3][4]. Group 2: Market Position and Impact - According to Sigmaintell, BOE is projected to ship approximately 180 million a-Si LCD panels and 71 million flexible OLED panels in the first half of 2025, capturing a market share of 24.2% [5]. - Samsung ranks second with over 170 million total shipments and a market share of 15.7%, including approximately 84.4 million rigid OLED and 86.6 million flexible OLED panels [5]. - In the iPhone panel supply market, BOE has increased its share to 22.7%, surpassing LG Display for the first time, while Samsung holds a 56% share [5].

天眼查工商信息显示，近日，上影东方（上海）文化科技有限公司成立，法定代表人为张淑娜，注册资 本5000万人民币，经营范围含信息技术咨询服务、数据处理服务、物联网技术服务、数据处理和存储支 持服务、互联网销售、电池销售、半导体照明器件销售、建设工程施工等。股权全景穿透图显示，该公 司由京东方A（000725）旗下京东方晶芯科技有限公司以及上海电影（601595）共同持股。 ...

Core Insights - A-shares have entered a slow bull market since April 27, with increasing market activity from foreign capital, particularly evident in the second quarter's disclosures [1] - Foreign capital has heavily invested in 1,123 companies, with a total market value of 139.29 billion yuan, an increase of over 40 billion yuan from the previous quarter [1] - The electronics sector has become the preferred investment area for foreign capital, with a total holding value of 17.57 billion yuan, reflecting a rise of 5.55 billion yuan [1] Industry Summary - **Banking**: 4 companies, 5 foreign institutions, total holding value of 6.70 billion yuan [2] - **Electronics**: 85 companies, 138 foreign institutions, total holding value of 17.57 billion yuan [2] - **Machinery Equipment**: 162 companies, 276 foreign institutions, total holding value of 6.29 billion yuan [2] - **Non-ferrous Metals**: 30 companies, 48 foreign institutions, total holding value of 5.44 billion yuan [2] - **Automobile**: 85 companies, 144 foreign institutions, total holding value of 5.08 billion yuan [2] - **Power Equipment**: 88 companies, 152 foreign institutions, total holding value of 4.83 billion yuan [2] - **Computers**: 81 companies, 144 foreign institutions, total holding value of 4.69 billion yuan [2] - **Pharmaceuticals and Biology**: 82 companies, 149 foreign institutions, total holding value of 4.51 billion yuan [2] - **Basic Chemicals**: 88 companies, 156 foreign institutions, total holding value of 4.51 billion yuan [2] - **Building Materials**: 27 companies, 41 foreign institutions, total holding value of 2.52 billion yuan [2] - **Light Industry Manufacturing**: 54 companies, 97 foreign institutions, total holding value of 2.11 billion yuan [2] - **Food and Beverage**: 19 companies, 30 foreign institutions, total holding value of 1.41 billion yuan [2] - **Agriculture, Forestry, Animal Husbandry, and Fishery**: 19 companies, 25 foreign institutions, total holding value of 1.38 billion yuan [2] Notable Companies - 126 companies have a foreign holding value exceeding 100 million yuan, with significant investments in Ningbo Bank and Nanjing Bank [4] - The average increase in stock prices for these 126 foreign-heavy stocks since the end of Q2 is 19.05%, with 15 companies seeing increases over 50% [4] - Noteworthy is Shengyi Technology, with a foreign holding value of 9.55 billion yuan and a stock price increase of 76.62% since the end of Q2 [4] - The company reported a total revenue of 12.68 billion yuan for the first half of the year, a year-on-year increase of 31.68%, and a net profit of 1.43 billion yuan, up 52.98% [4] Foreign Investment Trends - 185 companies have been heavily invested in by multiple foreign institutions, with 21 companies having investments from more than five foreign entities [12] - Companies like Huafang Co. and Anji Food have seen significant foreign interest, with the former being held by six foreign institutions [12][13] - The top three stocks with the highest price increases since the end of Q2 are Kosen Technology, Deepwater Planning Institute, and Innovative Medical, with increases of 90.05%, 84.10%, and 76.83% respectively [12]

技术创新持续布局，1+4+N 战略多点开花。公司持续强化高质量专利布局，上半年新增专利申请超 4000 件，其中发明专利超90%，海外专利超30%，柔性OLED、传感、人工智能、大数据领域专利申请 超2000 件，占比超50%，以3D 显示领域为例，公司发布16 寸3D 教育一体机，凭借行业领先的AI+显示 应用动态交织裸眼3D 显示方案，荣获DIC AWARD 2025 显示应用创新奖。公司持续推进半导体显示技 术、物联网创新技术、传感器件技术三大技术策源地高速发展，全面搭建"屏之物联"技术架构：涵盖器 件层、终端层、平台层及应用层，全面开花。 盈利预测：公司以显示技术为核心，构建了"1+4+N+生态链"业务发展架构，延展价值链以发掘新增长 点。我们预测公司2025-2027 年归母净利润分别为85.7/111.9/129.2 亿元，当前市值对应 2025-2027 年 PE 分别为18/14/12 倍，维持"强烈推荐"评级。 LCD 龙头地位巩固，OLED 持续突破。2025H1 年公司实现营收1012.8 亿元，同增8.5%；归母净利润 32.5 亿元，同增42.2%，扣非归母净利润22.8 亿元，同增 ...

Investment - The article discusses various investment opportunities in new materials, semiconductors, and renewable energy sectors, highlighting the growing demand and technological advancements in these areas [1][3][4]. Semiconductor - It emphasizes the importance of semiconductor materials such as photolithography, electronic special gases, and silicon wafers, which are critical for the production of advanced electronic devices [1][3]. - The report outlines the trends in third-generation semiconductors, including silicon carbide and gallium nitride, which are expected to drive future growth [1][3]. New Energy - The article covers the advancements in new energy technologies, particularly lithium batteries and solid-state batteries, which are pivotal for electric vehicles and energy storage solutions [1][3]. - It also mentions the significance of hydrogen energy and wind power as part of the broader renewable energy landscape [1][3]. Photovoltaics - The report highlights the growth in the photovoltaic sector, focusing on materials such as solar glass and photovoltaic back sheets, which are essential for solar panel manufacturing [1][3]. New Display Technologies - The article discusses innovations in display technologies, including OLED, MiniLED, and MicroLED, which are transforming consumer electronics and display applications [3]. Fibers and Composite Materials - It addresses the development of advanced fiber materials like carbon fiber and aramid fiber, which are crucial for lightweight and high-strength applications in various industries [3]. Notable Companies - The article lists key players in the materials sector, including ASML, TSMC, and Tesla, emphasizing their roles in driving innovation and market growth [4]. Investment Strategies - The report outlines different investment stages, from seed rounds to pre-IPO, detailing the associated risks and characteristics of companies at each stage, which is essential for potential investors [6].

2025年上半年，中国面板产业交出整体回暖的成绩单。TCL科技、京东方等龙头企业都实现营收增长， 在利润端更是展现出涨势。 随着大尺寸电视渗透率提升、车载与商显等新兴应用放量，以及柔性OLED、印刷OLED、MLED等前 沿技术加快量产，行业呈现出"量稳价稳、结构升级"的特征。 与此同时，全球化产能布局和多元化业务扩展，正在推动中国面板企业走出周期波动。 利润改善 在经历了2023、2024年行业波动之后，今年面板市场迎来修复，量价趋稳带动营收增长，成本下降与产 品结构优化共同推动盈利改善。 具体来看，TCL科技上半年实现营业收入856亿元，同比增长6.7%；归属于上市公司股东净利润18.8亿 元，同比增长89.3%。其中面板业务推动增长，TCL科技旗下TCL华星实现营业收入504.3亿元，同比增 长14.4%；净利润43.2亿元，同比增长74%。 再看京东方，上半年实现营收1012.78亿元，同比增长8.45%，归母净利润32.47亿元，同比增长 42.15%。其核心半导体显示业务上半年营收843.32亿元，同比增长8.1%，占总营收比重超过八成。同 时，京东方在新型显示方面布局，MLED营收43.47亿元 ...