8月30日，珠海京东方晶芯科技有限公司生产基地内，PH2项目核心工艺设备顺利搬入厂房。 显示器研究中心 面板产业链市场供需及价格报告 PH2项目旨在扩大MLED COB固晶封装产能，提高公司在高端MLED显示领域的制造能力和市场 响应速度。随着核心设备就位，项目将全面进入设备安装与调试阶段。公司表示，将继续推进 MLED技术研发和产业布局，提升核心竞争力。 珠海京东方晶芯科技有限公司于2024年6月完成注册成立。同年9月，公司在BOE IPC·2024大会 MLED论坛上举行揭牌仪式，标志着珠海晶芯项目全面启动，并于同月开工建设。12月，项目完 成设备搬入，厂房投入使用。 2025年1月，珠海晶芯项目的COB产品成功点亮。随着COB产线升级，公司能够满足更大规模 LED显示屏生产需求，同时提升产品稳定性和精度，确保京东方Mini/Micro LED产品在全球市场 的竞争力。3月10日，京东方宣布珠海晶芯项目正式量产交付。 据悉，珠海晶芯项目总投资约10亿元，位于珠海华发平沙电子电器产业园，厂房面积超过4万平方 米。项目生产的LED显示屏覆盖所有主流点间距应用，产线达到千级洁净标准，全程自动化率超过 95%，规 ...

兄弟姐妹们，今天看看私募大佬动向哈~ 随着上市公司年报陆续披露，私募大佬冯柳、邓晓峰最新持仓来了！ 截至8月31日，冯柳管理的高毅邻山1号远望基金二季度进入12家A股前十大流通股东名单中，合计持股市值约为154.45亿元。 具体来看，冯柳二季度新进太极集团和新城控股；增持安琪酵母、松井股份、同仁堂；减持海康威视、瑞丰新材、中炬高新、国瓷材料、东诚药业、 泰坦科技；对龙佰集团的持仓数量保持不变。 | 持股家数 | 新进 | 加仓 | 不变 | 減仓 | | --- | --- | --- | --- | --- | | 12家 | 2家 | 3家 | 1家 | 6家 | | 海康威视 93.72亿 3.71% | | --- | | 002415 减持 | | 安琪酵母 12.30亿 4.08% 11.11% 3 × | | 600298 增持 | | 太极集团 4.262亿 3.59% 新进 3 v | | 600129 ■ ZH: ETF进化论 | | 瑞丰新材 4.909亿 4.10% | | 300910 减持 | | 中炬高新 5.130亿 | 3.50% | -5.26% | 4 V | | --- ...

此前已发布财报的多家面板公司，也录得上半年业绩改善。 8月29日晚间，TCL科技发布2025年半年度财报。上半年该公司营收855.6亿元，同比增长6.65%，净利 润18.83亿元，同比增长89.26%。其中，半导体显示领域，TCL华星营收504.3亿元，同比增长14.4%， 净利润43.2亿元，同比增长74%。 同属于国内"面板双雄"的京东方，上半年营收1012.78亿元，同比增长8.45%，净利润32.47亿元，同比增 长42.15%。京东方和TCL科技的产品包括LCD（液晶）、OLED（有机发光二极管）等。此外，布局 OLED和Micro-LED的维信诺、布局了多种显示技术的深天马上半年也录得营收增长。维信诺上半年营 收、净利润分别同比增长4.79%、9.74%，深天马营收同比增长9.93%，上半年扭亏为盈。 TCL科技财报称，上半年全球 LCD电视零售需求保持平稳，国补政策加速大尺寸化进程，面板需求面 积增长。LCD业务方面，TV和商显等大尺寸产品的市占率同比有所增加，多类中小尺寸产品销量也有 所增长，OLED业务销量同比增长8.7%。 TCL科技和京东方近期都谈到行业格局变化。上半年TCL科技完成对 ...

Group 1 - The A-share hard technology sector (electronics, communications, and computers) showed strong performance in the first half of 2025, with 972 listed companies achieving a total revenue of 37,980.35 billion yuan, a year-on-year increase of 11.84%, and a net profit of 2,366.18 billion yuan, up 16.04% [1] - Major companies such as China Mobile, Industrial Fulian, China Telecom, and China Unicom reported revenues exceeding 100 billion yuan, with China Mobile leading at 543.77 billion yuan, despite a slight decline of 0.54% [2][4] - The number of listed companies in the hard technology sector with revenues exceeding 10 billion yuan increased from 41 in 2024 to 49 in 2025, with new entrants including companies like Xiangnan Chip and Anke Innovation [5] Group 2 - Industrial Fulian achieved a revenue of 3,607.6 billion yuan, marking a significant year-on-year growth of 35.58%, and a net profit of 121.13 billion yuan, up 38.61% [4][10] - Companies like Huajin Technology and Xiangnan Chip saw substantial revenue growth, with Huajin Technology's revenue increasing by 113.06% to 839.39 billion yuan, moving up in the revenue rankings [5][10] - A total of 21 companies in the sector reported revenue growth exceeding 100%, with Cambrian-U leading at a staggering 4,347.82% increase [6][7] Group 3 - The top 50 companies by net profit collectively achieved a net profit of 2,038.21 billion yuan, accounting for 86.14% of the total, with China Mobile, China Telecom, and Industrial Fulian each reporting net profits exceeding 100 billion yuan [11][15] - The threshold for entering the top 20 companies by net profit increased, with the minimum requirement rising to 15.68 billion yuan in 2025, indicating enhanced profitability among leading firms [15]

【#三家瓜分苹果iPhone屏幕订单#，京东方、三星、LG显示仍将是核心面板供应商】 UBI Research数据显示，三星显示去年为iPhone 16系列出货6380万片，整体iPhone用面板出货量达1亿 2400万片。预计今年iPhone 17系列出货量将达到7800万片，整体出货量将达1亿2500万片。凭借稳定的 品质和规模化生产能力，三星显示预计将巩固其作为苹果最大OLED面板供应商的地位。 与此同时，LG显示去年为iPhone 16系列出货4200万片，整体出货量为6742万片。预计今年将分别增至 4560万片和7510万片。作为仅次于三星的第二大供应商，LG显示依然维持其市场地位，并在高端LTPO 面板生产竞争中表现突出。 展望未来，UBI Research预测，明年京东方、三星、LG显示仍将是苹果的核心面板供应商，两者将继续 为iPhone全系列稳定供应面板。 记者注意到，苹果去年整体iPhone用面板出货量达2亿3000多万片，除去京东方供应部分，三星、LG显 示瓜分了剩余的iPhone面板份额。 UBI Research预测，明年京东方、三星、LG显示仍将是苹果的核心面板供应商。UBI R ...

证券研究报告 京东方 A (000725 CH) 显示业务盈利或在 3Q25 迎来改善 | 华泰研究 | | --- | 2025 年 8 月 31 日│中国内地 光学光电子 京东方 A 发布 1H25 业绩：1H25 实现营收 1,013 亿元（yoy：+8%），毛 利率 14.4%（yoy：-1.6pp），归母净利 32.5 亿元（yoy：+42%），扣非归 母净利 22.8 亿元（yoy：+41%）；其中，2Q25 实现营收 507 亿元（yoy： +7%），毛利率 13.0%（yoy：-4.5pp，qoq：-2.8pp，主因 LCD 面板拉货 需求减少，产线开工率以及 LCD 面板 ASP 下滑的影响），归母净利 16.3 亿元（yoy：26%），扣非归母净利 9.3 亿元（yoy：-8%）。随着下半年消 费电子旺季备货的启动，我们判断公司 LCD 业务以及 OLED 业务的经营情 况在 3Q25 将迎来改善。给予目标价 5.76 元和"买入"评级。 LCD：看好公司 LCD 业务盈利能力在 3Q25 迎来改善 随着海外客户备货需求的减少，我们观察到大尺寸 LCD 面板价格从 4 月开 始停止上涨，并 ...

UBI Research预测，明年京东方、三星、LG显示仍将是苹果的核心面板供应商。UBI Research副总裁韩 相旭表示："未来三家公司间的技术竞争与订单分配，将成为全球智能手机面板市场的重要变量。" （《中国经营报》） 【#三家瓜分苹果iPhone屏幕订单#】8月29日消息，据市场调查公司UBI Research透露，京东方(BOE)去 年成功为iPhone 16标准型号供应面板，出货量为4300万片，预计2025年将包括约500万片iPhone 17 Pro 面板，总出货量达到4500万—5000万片。 记者注意到，苹果去年整体iPhone用面板出货量达2亿3000多万片，除去京东方供应部分，三星、LG显 示瓜分了剩余的iPhone面板份额。 ...

Core Viewpoint - BOE has successfully entered the iPhone panel supply chain, with significant shipments for the iPhone 16 and projections for the iPhone 17, indicating a shift in the competitive landscape of smartphone panels towards a three-way competition among BOE, Samsung, and LG Display [1][5][11]. Group 1: Market Share and Supply Chain Dynamics - BOE supplied 43 million panels for the iPhone 16, and is expected to supply 5 million panels for the iPhone 17 Pro, bringing total shipments to 45-50 million [1][5]. - Apple's overall iPhone panel shipments reached over 230 million last year, with Samsung and LG Display capturing the remaining market share after BOE [3][4]. - Samsung Display shipped 63.8 million panels for the iPhone 16 series, maintaining its position as the largest OLED panel supplier for Apple [3][4]. - LG Display shipped 42 million panels for the iPhone 16 series, with expectations to increase shipments for the iPhone 17 series [4][5]. Group 2: Competitive Landscape and Technology - The competition among BOE, Samsung, and LG Display is intensifying, with a focus on technology and order distribution becoming critical variables in the global smartphone panel market [3][5]. - The entry of BOE into the high-end iPhone 17 Pro panel supply chain marks a significant achievement, reflecting its advancements in technology and production capabilities [5][6]. - The ongoing patent disputes between BOE and Samsung highlight the competitive tensions in the OLED market, with both companies engaging in legal battles over intellectual property [7][9]. Group 3: Future Projections and Industry Trends - UBI Research predicts that BOE, Samsung, and LG Display will continue to be Apple's core panel suppliers, with Samsung expected to supply around 10 million panels for foldable iPhones [5][10]. - The global AMOLED smartphone panel shipment is projected to reach 420 million units in the first half of 2025, with Chinese manufacturers, including BOE, capturing a 51.7% market share [10][11]. - The trend indicates a shift in the OLED panel market towards Chinese manufacturers, with BOE expected to become the largest supplier of LCD panels for Apple's MacBook by 2025 [11][12].

Core Insights - BOE successfully supplied 43 million panels for the iPhone 16 standard model last year and is expected to supply around 5 million panels for the iPhone 17 Pro in 2025, bringing total shipments to 45-50 million [2] - Apple’s total iPhone panel shipments exceeded 230 million last year, with Samsung and LG Display capturing the remaining market share after BOE [2] - UBI Research predicts that BOE, Samsung, and LG Display will remain the core panel suppliers for Apple, with competition among these three companies becoming a significant variable in the global smartphone panel market [2][3] Company Performance - Samsung Display shipped 63.8 million panels for the iPhone 16 series, with total iPhone panel shipments reaching 124 million. It is expected to ship 78 million panels for the iPhone 17 series this year [3] - LG Display shipped 42 million panels for the iPhone 16 series, with total shipments of 67.42 million. Projections indicate an increase to 45.6 million and 75.1 million for the iPhone 17 series [3] - BOE's entry into the iPhone 17 Pro panel supply chain marks a significant milestone, as it has been increasing its shipment volume and market share since it began supplying panels for the iPhone 12 [4] Market Dynamics - The competition for iPhone panel orders has intensified, transitioning from a two-player market (Samsung and LG) to a three-player market with the inclusion of BOE [2][4] - The ongoing patent disputes between BOE and Samsung highlight the competitive landscape, with both companies engaging in legal battles over OLED technology [6][7] - If the ITC's preliminary ruling against BOE is upheld, it could significantly impact both BOE and Apple, forcing Apple to shift its supply chain [7] Future Outlook - UBI Research forecasts that by the first half of 2025, BOE will supply approximately 22.7% of OLED panels for iPhones, slightly surpassing LG Display's 21.3% [7] - The global AMOLED smartphone panel shipment is projected to reach 420 million units in the first half of 2025, with Chinese manufacturers, including BOE, accounting for 51.7% of the market share [7] - Despite fierce competition, there remains potential for collaboration, as BOE and Samsung are reportedly discussing partnerships for high-end display panels [8]

本文字数：1110，阅读时长大约2分钟 作者 | 第一财经 郑栩彤 2025.08. 30 8月29日晚间，TCL科技发布2025年半年度财报。上半年该公司营收855.6亿元，同比增长6.65%，净利 润18.83亿元，同比增长89.26%。其中，半导体显示领域，TCL华星营收504.3亿元，同比增长14.4%， 净利润43.2亿元，同比增长74%。 同属于国内"面板双雄"的京东方，上半年营收1012.78亿元，同比增长8.45%，净利润32.47亿元，同比增 长42.15%。京东方和TCL科技的产品包括LCD（液晶）、OLED（有机发光二极管）等。此外，布局 OLED和Micro-LED的维信诺、布局了多种显示技术的深天马上半年也录得营收增长。维信诺上半年营 收、净利润分别同比增长4.79%、9.74%，深天马营收同比增长9.93%，上半年扭亏为盈。 TCL科技财报称，上半年全球 LCD 电视零售需求保持平稳，国补政策加速大尺寸化进程，面板需求面积 增长。LCD业务方面，TV 和商显等大尺寸产品的市占率同比有所增加，多类中小尺寸产品销量也有所增 长，OLED业务销量同比增长8.7%。 TCL科技和京东方近期 ...