CINNO Research：进入5月 手机面板价格延续分化趋势

Core Viewpoint - The mobile display panel market is experiencing a differentiated pricing trend, with a-Si panels seeing an increase in both volume and price due to a recovery in the smart terminal market, while flexible AMOLED production lines are facing slight declines in utilization rates due to U.S. tariff policies and price reduction demands from terminal manufacturers [2]. Group 1: a-Si Panels - The demand for a-Si panels continues to grow, supported by strong demand from tablet and laptop products, with main production lines operating at full capacity [2]. - In the South China market, to capture production capacity, mobile product prices have been slightly increased, although module prices provided to brands have not risen, indicating strict cost control by brand clients [2]. Group 2: LTPS Panels - The sustained growth in demand for automotive displays has kept the LTPS production lines of major manufacturers like BOE and Tianma operating at full capacity, with Tianma's LTPS lines expected to remain fully loaded until the end of the year [2]. Group 3: AMOLED Panels - Due to adjustments in product strategies by domestic mobile brands, the demand for rigid AMOLED has been continuously shrinking, leading manufacturers to accelerate the shift towards flexible AMOLED [2]. - Some flexible AMOLED production lines have seen a slight decline in utilization rates from previous full production status, and terminal manufacturers are requesting price reductions due to U.S. tariff impacts [2]. - To maintain production line utilization and secure more orders, some flexible AMOLED products (such as LTPO types) have seen slight price reductions, although the prices of the lowest-priced products have not been further lowered to protect profit margins [2].