Zheng Quan Ri Bao·2025-10-31 16:07Core Insights - The panel industry is experiencing a recovery phase, with major companies reporting significant growth in revenue and profit for the first three quarters of the year [1][2][3] Group 1: TCL Technology - TCL Technology reported a revenue of 135.943 billion yuan, a year-on-year increase of 10.50%, and a net profit of 3.047 billion yuan, up 99.75% year-on-year for the first three quarters [1] - In Q3, TCL's net profit reached 1.163 billion yuan, a quarter-on-quarter increase of 33.57%, indicating a continuous recovery in profitability [1] - The company’s market share for large-size products increased by 5 percentage points to 25% in Q3, with significant growth in medium and small-size segments, including a 63% increase in notebook sales [2] Group 2: BOE Technology Group - BOE Technology Group reported a revenue of 154.548 billion yuan, a year-on-year increase of 7.53%, and a net profit of 4.601 billion yuan, up 39.03% year-on-year for the first three quarters [2] - The company is actively expanding its presence in the flexible AMOLED sector and is focusing on automotive and IT applications to seize market opportunities [2] Group 3: Tianma Microelectronics - Tianma Microelectronics achieved a revenue of 26.663 billion yuan, a year-on-year increase of 11.03%, and turned a profit with a net profit of 313 million yuan for the first three quarters [3] - The company is focusing on flexible AMOLED mobile display business and has established a competitive advantage in automotive and specialized display sectors [3] Group 4: R&D Investments - TCL Technology invested 7.394 billion yuan in R&D in Q3, a year-on-year increase of 12.55%, focusing on the industrialization of printing OLED and Micro-LED technologies [4] - BOE Technology Group's R&D expenses reached 9.560 billion yuan in Q3, a year-on-year increase of 8.34%, emphasizing the development of semiconductor display and IoT innovations [3][4] - The panel industry is witnessing significant technological advancements, with companies achieving breakthroughs in printing OLED, Micro-LED, and flexible AMOLED technologies, positioning them to lead global market trends [4]