Investment Rating - The industry is rated as "Outperform" and the rating is maintained [3] Core Views - The SW LED index rose by 6.54% this week, while the SW Electronics index rose by 9.65%, and the CSI 300 index rose by 0.98% [3] - The LED industry underperformed the electronics industry by 3.11% but outperformed the CSI 300 by 5.56% [3] - Key companies to watch include Leyard, Unilumin, MTC, and Sanan Optoelectronics [5] Sector Performance - Top gainers in the LED sector this week were Qianzhao Photoelectric, Aike Co, and Jiuliang Co, with gains of 29.33%, 12.52%, and 12.47% respectively [4] - Absen reported a 2.73% YoY decline in Q3 2024 revenue to 920 million yuan and a 62.21% YoY decline in net profit to 28.9453 million yuan [4] - For the first three quarters of 2024, Absen's revenue increased by 7.11% YoY to 2.718 billion yuan, while net profit decreased by 46.36% YoY to 118 million yuan [4] - Aoto Electronics announced a planned reduction of up to 10 million shares (1.5392% of total shares) by its controlling shareholder [4] Industry News - Visionox's Guangzhou intelligent manufacturing base is expected to produce over 10 million components annually [4] - Delijia initiated an LED agricultural light strip manufacturing project with a total investment of 108 million yuan [4] - Yiyue Technology's production base in Hefei has commenced operations, expected to produce various electronic process equipment [4] - Skyworth Commercial's Wuhan factory COB Mini LED backlight production line has officially started operations [4] - The Skyworth Wuhan Mini LED Display Technology Industrial Park project has a total investment of 3.5 billion yuan and is expected to produce over 2.4 million Mini LED display terminals annually [4] - HKC launched a 27-inch MiniLED monitor with a starting price of 1,399 yuan [4] - Xiaomi's S Pro Mini LED 2025 series TV started pre-sales on October 14, with prices ranging from 4,599 yuan to 12,999 yuan [4]
显示行业观察：LED周跟踪
Haitong Securities·2024-10-23 00:37