TCL TECH.(SZ:000100) Zheng Quan Ri Bao Wang·2025-11-04 12:01Core Insights - The release of three high-end equipment for 8.6-generation large-size OLED production lines marks a significant breakthrough in China's display equipment sector [1] - The demand for OLED displays is expanding from mobile devices to larger applications such as computers and automotive displays, indicating a growing market [1][2] - The global OLED display market is showing positive trends, with improved supply-demand relationships and stabilizing product prices, signaling a recovery phase for the industry [2] Industry Developments - The newly launched high-end equipment includes a multi-application inkjet film deposition platform, the first domestic large-area bonding equipment, and the first domestic EHD dispensing equipment, all aimed at enhancing production efficiency and reducing costs [1] - The 8.6-generation AMOLED production line is versatile, catering to various terminal products like tablets, laptops, and automotive displays, which will support the growth of consumer electronics and smart home sectors [2] - The global shipment of flexible AMOLED panels is projected to reach 1.01 billion units in 2024, with expectations to exceed 1.33 billion units by 2030, indicating a compound annual growth rate in key segments [2] Company Actions - TCL Technology has initiated the construction of its 8.6-generation printed OLED production line, which will utilize self-developed technology and aims to process approximately 22,500 glass substrates monthly [4] - Other companies, including Samsung Display and BOE Technology Group, are also building 8.6-generation OLED production lines, highlighting a competitive landscape in the industry [4] - Domestic companies are focusing on differentiating their technology and application scenarios to avoid homogenized competition, with an emphasis on expanding into emerging fields like automotive and medical displays [5][6] Material Supply Chain - The advancement of large-size OLED production lines is driving demand for upstream OLED materials, with companies like Wanrun and Light Optoelectronics reporting stable revenue growth in OLED materials [6] - The performance of OLED terminal materials has positively impacted profits for companies involved in the OLED supply chain, indicating a robust market for these materials as production ramps up [6]