Group 1 - BOE Technology Group Co., Ltd. has obtained a patent titled "Display Module and Its Preparation Method, Display Device," with authorization announcement number CN120375710B, and the application date is May 2025 [1] - BOE Technology Group Co., Ltd. was established in 1993 and is located in Beijing, primarily engaged in the manufacturing of computers, communications, and other electronic devices. The registered capital is approximately 37.41 billion RMB [1] - The company has invested in 73 enterprises, participated in 303 bidding projects, and has 775 trademark records and 5000 patent records, along with 47 administrative licenses [1] Group 2 - Chengdu BOE Optoelectronics Technology Co., Ltd. was established in 2007 and is located in Chengdu, primarily engaged in the manufacturing of instruments and meters. The registered capital is approximately 2.5 billion RMB [1] - Chengdu BOE Optoelectronics Technology Co., Ltd. has participated in 923 bidding projects, holds 5000 patent records, and has 524 administrative licenses [1]

Group 1 - The panel market is experiencing a "not dull off-season" with demand front-loading and supply-side adjustments, creating conditions for price increases [1][2] - The average price forecast for large-size panels in February 2026 shows an upward trend, with 65-inch TV panels expected to reach $171, a $2 increase from January, representing a 1.2% rise [1] - Major panel manufacturers are effectively stabilizing prices through capacity adjustments, which positively impacts profitability [1][2] Group 2 - The supply of medium and large-size panels is highly concentrated among leading companies, which are likely to adopt a unified pricing strategy, further reduced supply during the Chinese New Year [2] - The overall price trend for panels is expected to stabilize, with 65-inch TV panels projected to fluctuate between $168 and $177 throughout 2025, indicating reduced volatility [2] - Chinese panel manufacturers have increased their global market share to over 70% through continuous technological advancements and scale advantages, enhancing their pricing power [2][3] Group 3 - TCL Technology's subsidiary, TCL Huaxing, is maintaining competitive advantages in large-size products while rapidly growing in the small and medium-size segments, with a projected revenue exceeding 100 billion yuan and net profit over 8 billion yuan for 2025 [3] - BOE Technology Group is optimizing its product structure, with significant advancements in OLED technology, including the early activation of its 8.6-generation AMOLED production line, expected to enter mass production in the second half of 2026 [3] - The panel price is anticipated to remain moderately volatile in 2026, with major events like the World Cup expected to drive market demand [3]

Group 1 - The core point of the article is that BOE Technology Group Co., Ltd. has obtained a patent for "Display Module and Display Device," with the authorization announcement number CN119091758B, and the application date is September 2024 [1] - BOE Technology Group Co., Ltd. was established in 1993 and is located in Beijing, primarily engaged in the manufacturing of computers, communications, and other electronic devices. The registered capital of the company is approximately 37.41 billion RMB [1] - The company has invested in 73 enterprises and participated in 303 bidding projects, with 775 trademark information entries and 5000 patent information entries, in addition to holding 47 administrative licenses [1] Group 2 - Chengdu BOE Optoelectronics Technology Co., Ltd. was established in 2007 and is located in Chengdu, primarily engaged in the manufacturing of instruments and meters. The registered capital of the company is approximately 2.5 billion RMB [1] - Chengdu BOE Optoelectronics Technology Co., Ltd. has participated in 923 bidding projects and holds 5000 patent information entries, along with 524 administrative licenses [1]

Group 1 - The State Intellectual Property Office of China has granted a patent to Beijing BOE Display Technology Co., Ltd., BOE Technology Group Co., Ltd., and Beijing BOE Technology Development Co., Ltd. for "Array Substrate and Its Manufacturing Method, Liquid Crystal Display Panel and Terminal Equipment," with the announcement number CN119805824B and application date of January 2025 [1] - Beijing BOE Display Technology Co., Ltd. was established in 2009, located in Beijing, with a registered capital of 894.14568 million RMB. The company has participated in 286 bidding projects and holds 5,000 patent records, along with 440 administrative licenses [1] - BOE Technology Group Co., Ltd. was founded in 1993, also located in Beijing, with a registered capital of 3,741.38080464 million RMB. The company has invested in 73 enterprises, participated in 303 bidding projects, and has 775 trademark records and 5,000 patent records, in addition to 47 administrative licenses [1] Group 2 - Beijing BOE Technology Development Co., Ltd. was established in 2016, located in Beijing, with a registered capital of 38 million RMB. The company has invested in 1 enterprise, participated in 92 bidding projects, and holds 3,930 patent records, along with 4 administrative licenses [2]

Core Insights - The global smartphone panel shipment is projected to reach approximately 2.31 billion units in 2025, reflecting a year-on-year growth of about 3.4%, despite a slowdown in growth rate [1] - The growth is primarily driven by the continued scale expansion of a-Si LCD capacity and the ongoing penetration and shipment growth of flexible OLED models [1] Structure Insights - **a-Si LCD**: The total shipment is expected to be around 1.33 billion units in 2025, marking a year-on-year increase of 10.2%, showcasing strong resilience against economic uncertainties [3] - **LTPS LCD**: The shipment is projected to be about 87 million units, a significant decline of 51.4%, falling below 100 million units for the first time [3] - **Rigid OLED**: Shipment is estimated at 200 million units, down 7.7%, accounting for 22.4% of total AMOLED shipments [3] - **Flexible OLED**: Expected shipment is around 690 million units, with a year-on-year growth of 9.6%, driven by the penetration of mid-range smartphone models [4] Market Dynamics - The top five smartphone panel manufacturers are expected to hold a combined market share of 72.7% in 2025, an increase of 3.5 percentage points [6] - **BOE**: Maintains the largest market share at 23.8%, with total shipments of approximately 550 million units, primarily driven by a-Si LCD [6][8] - **Samsung Display (SDC)**: Holds a 16.4% market share with total shipments of about 380 million units, focusing on high-end flexible OLED [6][8] - **CSOT**: Achieves a market share of 12.3% with total shipments of around 280 million units, driven by a-Si LCD's cost advantages [7][8] Outlook Insights - The industry faces pressure from economic uncertainties and rising costs, leading to potential weakening demand for smartphone panels in 2026 [10] - Panel manufacturers are advised to optimize capacity structure, focusing on high-margin high-end models while reducing low-value mid-range capacity [10] - There is an emphasis on enhancing supply chain management and cost control to mitigate risks associated with market dependency [10]

Group 1 - The core point of the article is that BOE Technology Group Co., Ltd. has obtained a patent for a "data processing method, device, storage medium, and electronic equipment," with the authorization announcement number CN114117190B, and the application date was November 2021 [1] - BOE Technology Group Co., Ltd. was established in 1993 and is located in Beijing, primarily engaged in the manufacturing of computers, communications, and other electronic devices. The registered capital of the company is approximately 37.41 billion RMB [1] - The company has invested in 73 enterprises, participated in 303 bidding projects, and has 775 trademark records and 5,000 patent records, along with 47 administrative licenses [1] Group 2 - Chongqing BOE Smart Technology Co., Ltd. was established in 2020 and is located in Chongqing, primarily engaged in software and information technology services. The registered capital of this company is approximately 2.4 billion RMB [1] - Chongqing BOE Smart Technology Co., Ltd. has invested in 1 enterprise, participated in 41 bidding projects, holds 68 patent records, and has 18 administrative licenses [1]

Group 1 - The company anticipates a strong demand for LCD TV products as brands prepare for the upcoming Spring Festival, leading to increased shipment volumes. The industry is maintaining a "production on demand" strategy, with overall utilization rates remaining high. Prices for mainstream TV products are expected to rise in January 2026, with further increases anticipated in February [1][2]. Group 2 - AMOLED technology is becoming a key choice for high-end IT products due to its high picture quality and lightweight characteristics. The company's 8.6-generation AMOLED production line was successfully lit up five months ahead of schedule on December 30, 2025, marking a significant breakthrough in mid-size OLED technology development. Mass production is expected to begin in the second half of 2026, enhancing the company's competitiveness in the display industry [2]. Group 3 - The company is advancing its innovative business under the "N-th curve" theory, focusing on perovskite photovoltaics and glass-based packaging substrates. Leveraging its long-term experience in the display industry, the company is effectively supporting the research and production of perovskite solar cells. The construction of a pilot line for large glass substrates has been completed, and these innovative businesses are expected to drive future growth [3]. Group 4 - The company expects a decrease in depreciation of existing production lines, with capital expenditures peaking in 2025. From 2027 onwards, a significant reduction in capital expenditures is anticipated [4].

Group 1 - The core point of the article is that BOE Technology Group Co., Ltd. has obtained a patent for a "display device," with the authorization announcement number CN115497997B, and the application date was September 2022 [1] Group 2 - BOE Technology Group Co., Ltd. was established in 1993 and is located in Beijing, primarily engaged in the manufacturing of computers, communications, and other electronic devices. The registered capital is approximately 37.41 billion RMB [1] - The company has invested in 73 enterprises, participated in 303 bidding projects, and has 775 trademark records and 5000 patent records, along with 47 administrative licenses [1] Group 3 - Chengdu BOE Optoelectronics Technology Co., Ltd. was established in 2007 and is located in Chengdu, primarily engaged in the manufacturing of instruments and meters. The registered capital is approximately 2.5 billion RMB [1] - Chengdu BOE has participated in 922 bidding projects, holds 5000 patent records, and has 524 administrative licenses [1]

主要指数月度走势 主要指数占对应市场市值比例 沪深300十大权重 中证分类债券指数月度走势 沪深300行业指数月度表现 上证综指行业月度表现 □ 中证指数有限公司、上海证券报联合推出 主要股票指数月度表现 交易日数：20 开盘 最高 最低 收盘 涨跌点数 涨跌幅 日均成交量 日均成交金额 (百万股) (亿元) 沪深300 4661.62 4836.95 4645.47 4706.34 76.40 1.65% 30059 7360 中证100 4526.86 4720.41 4526.86 4615.93 129.46 2.89% 14519 4136 中证800 5145.47 5427.40 5145.47 5338.51 229.33 4.49% 61134 13532 中证200 5682.69 6145.84 5682.69 6024.78 374.98 6.64% 17525 3873 中证500 7523.88 8671.35 7523.25 8370.52 904.95 12.12% 31075 6172 中证700 6517.40 7278.34 6517.40 7085.98 612.90 ...

Group 1 - The core viewpoint of the article is that Qizhong Technology's main end customers include BOE Technology Group, Huaxing Optoelectronics, Tianma Microelectronics, and Visionox [2] Group 2 - Qizhong Technology is actively engaging with investors and responding to inquiries during research sessions [2]