深天马：第6代柔性AMOLED产线IT和车载项目2026年量产

Core Viewpoint - The article highlights the significant progress and future strategies of the company, focusing on its revenue performance and advancements in key business areas such as OLED, automotive displays, and Micro LED technology [2][4]. Revenue Performance - In 2025, the company achieved a revenue of 36.2 billion yuan, representing a year-on-year growth of over 8%. The net profit attributable to shareholders improved by over 800 million yuan, while the net profit after deducting non-recurring items improved by over 1.6 billion yuan, marking a successful turnaround to profitability [2]. Business Segmentation - The revenue structure for 2025 is as follows: automotive business accounts for approximately 38%, mobile phone business for 30%, professional display for 14%, and IT business for 7% [2]. Key Business Areas - The automotive display and professional display sectors demonstrated strong resilience, contributing significantly to profit growth. The flexible OLED mobile phone segment also showed improved operational efficiency, while IT and smart wearable display sectors exhibited good growth momentum [4]. - The automotive business saw a revenue increase of approximately 18% year-on-year, with the automotive electronics segment growing over 30% and achieving profitability. The company also gained a rapidly increasing market share in the domestic new energy vehicle sector [5]. Production Capacity and Technology Development - The TM19 production line has achieved its phase production capacity goals ahead of schedule, covering the entire product line and successfully launching the first IGZO product. The TM20 line focuses on rapid expansion in automotive and IT product technologies [4][5]. - The company successfully transitioned over one million Micro-LED chips, achieving high efficiency and precision, and has begun small-scale shipments of certain products in the Micro-LED sector [5]. Future Strategies - Looking ahead to 2026, the company plans to continue its "2+1+N" strategy to promote high-quality development across various business segments. This includes enhancing production capacity and technology in key areas such as TM20, TM18, TM19, and Micro-LED [7]. - In the mobile display sector, the company aims to leverage multi-technology and multi-production line synergies to enhance competitiveness and optimize product structure [7]. - In the automotive display sector, the focus will be on strengthening competitive advantages and accelerating the development of AMOLED technology for automotive applications [7].