京东方：12月LCD产品价格有望企稳回升

Group 1 - The company expects an increase in TV product shipment volume and area for the year, driven by demand from national subsidies and export stimulation, although the trend towards larger sizes is temporarily slowing due to increased shipments of smaller TV products in emerging markets [1] - IT products are anticipated to see rapid growth in shipment volume due to replacement demand, while MNT product shipments are expected to remain flat year-on-year [1] - The company forecasts that demand for IT and TV products will benefit from replacement cycles and AI empowerment, as well as demand from sports events [1] Group 2 - The company notes a decline in the shipment volume of foldable OLED products in the second half of the year, with an increase in the share of overseas brand LTPO demand and rapid growth in low-end Ramless products, leading to intensified competition in the domestic OLED market [2] - The company plans to continuously enhance its technical capabilities and optimize product structure to improve operational performance [3] Group 3 - The company has completed the solidification of three sixth-generation flexible OLED production lines, with the Chengdu 8.6-generation AMOLED production line and Beijing sixth-generation LCD LTPO/LTPS production line to be solidified in phases based on ramp-up conditions, with depreciation expected to peak in 2025 [6] - The company aims to optimize product line positioning and enhance operational efficiency to continuously improve profitability [6] Group 4 - The company is implementing its "screen IoT" development strategy under the guidance of the "N-curve" theory, focusing on innovative businesses such as perovskite photovoltaics, glass-based packaging substrates, and robotics [6] - In the perovskite photovoltaic business, the company leverages its long-term accumulated capabilities in glass processing, thin-film preparation, packaging, and large-scale intelligent manufacturing to achieve industry-leading conversion efficiency [6]