Huaan Securities·2025-09-14 12:10Investment Rating - Industry investment rating: Overweight [1] Core Viewpoints - Samsung Display is set to start mass production of OLED panels for Apple's MacBook Pro by the end of Q2 2026 [4][8] - Domestic OLED production lines are being actively constructed, with a focus on large-sized IT applications, which is expected to expand the OLED market [5][6] - The demand for IT panels (monitors and laptops) is experiencing significant growth, driven by high-end product adoption and diversification among suppliers [6] Summary by Sections - OLED Production and Market Penetration - TCL Technology Group announced a joint investment to build an 8.6-generation printed OLED production line in Guangzhou, with a total investment of approximately RMB 29.5 billion [5] - According to Counterpoint Research, domestic OLED panels are expected to accelerate their penetration into the global market by Q2 2025, with Samsung Display holding a 37% market share [5] - IT Panel Demand and Growth - The demand for smartphones and TVs is stabilizing but remains weak compared to the same period last year, while IT panels are becoming a new growth engine for OLED [6] - The construction of 8.6-generation AMOLED production lines by BOE and Visionox will lay the foundation for future applications in IT-sized OLED [6] - Investment Recommendations - Key companies recommended in the panel detection equipment sector include Jingzhida, with other equipment companies such as Jingce Electronics and Aolide also highlighted [10]