Core Insights - The global retail display market is analyzed with a focus on production, sales, consumption, and import-export dynamics, highlighting the impact of COVID-19 on future developments in China [2][3][5] - Major companies in the retail display sector include 3M, AdflowNetworks, AUOptronics, Cisco, HP, Innolux, LG Display, Panasonic, Samsung, and Sharp, with detailed analysis of their product specifications and market shares [2][3][4][6] Market Overview - The global retail display market's total production and the projected market shares for China, the US, and Europe by 2025 are discussed, along with the expected CAGR from 2021 to 2026 [2][3] - The report categorizes retail displays into touch screen and non-touch screen types, providing insights into pricing, production volume, market share, and growth trends for each category [3][4] Regional Analysis - The report segments the market into key regions: China, the US, Europe, Japan, Southeast Asia, and India, analyzing production, consumption data, and future trends for each region [3][4] - Detailed forecasts for production, value, and growth rates for retail displays in various regions, including China, the US, and Europe, are provided [4][5] Competitive Landscape - The competitive landscape is examined through production volume, value, and market share of major companies from 2018 to 2025, with a focus on both global and Chinese markets [4][5] - The report includes a concentration analysis of the retail display industry, identifying key players and their market dynamics [4][5] Demand and Supply Dynamics - The supply and demand situation for retail displays globally and in China is analyzed, including production capacity, utilization rates, and sales ratios [4][5] - Future demand predictions for retail displays in various application sectors, such as clothing, jewelry, and department stores, are discussed [3][4] Impact of COVID-19 - The report assesses the overall development status of the retail display industry in various countries, including the effects of the COVID-19 pandemic and international trade conditions [5][6]

Market Performance - The main board led the gains with notable stocks such as Yuanwanggu (+10.07%), Hubei Broadcasting (+10.04%), Hanwang Technology (+10.02%), and Zhongdian Xilong (+10.01%) [1] - The ChiNext board saw significant increases with stocks like Xiangying Technology (+20.01%), Yinsai Group (+19.99%), and Ashi Chuang (+19.99%) [1] - The Sci-Tech Innovation board was led by Xindao Technology (+13.33%), Saiwei Microelectronics (+12.22%), and Hanwujing-U (+12.17%) [1] - Active sub-industries included SW Digital Chip Design (+3.50%) and SW Horizontal General Software (+2.63%) [1] Domestic News - Alibaba announced the release of its first self-developed AI glasses, integrating various functionalities from its ecosystem, including navigation and payment features [1] - Zhongdian Optoelectronics and Zhanxin Electronics formed a strategic partnership to enhance the manufacturing yield of SiC power chips and promote domestic alternatives for core detection equipment [1] - Jiangbolong achieved compatibility certification for its enterprise-level DDR5 RDIMM with AMD's Threadripper PRO 9000WX series, marking a breakthrough in storage technology for high-performance computing [1] - Shanxi Tiancheng Semiconductor Materials successfully developed 12-inch N-type silicon carbide single crystal materials, focusing on R&D and production of silicon carbide materials [1] Company Announcements - Purang Co. projected a revenue of approximately 905 million yuan for the first half of 2025, a year-on-year increase of about 1%, but a net profit decrease of approximately 70.58% [3] - Binhang Technology reported a total revenue of 458 million yuan for H1 2025, a year-on-year growth of 69.27%, with a net profit increase of 20.05% [3] - Dongshan Precision announced plans to invest up to 1 billion USD in a high-end PCB project to meet long-term demands in high-speed computing and AI [3] - OmniVision announced a total dividend distribution of 264 million yuan from its total share capital of 1.217 billion shares [3] Overseas News - STMicroelectronics agreed to acquire NXP's MEMS sensor business for up to 950 million USD, enhancing their product line in automotive, industrial, and consumer markets [3] - SK Hynix reported a Q2 operating profit of 9.21 trillion KRW, a year-on-year increase of 68.5%, driven by rising demand for AI-related memory products [3] - Hanmi Semiconductor announced a Q2 consolidated revenue of 180 billion KRW, with a year-on-year growth of 45.8% and an operating profit margin of 47.9% [3] - LG Display expects its annual shipment of large-sized OLED panels to reach around 6 million units, with an increasing share from gaming monitors [3]

Group 1 - LG Display expects to ship approximately 6 million large OLED panels in 2025, representing a 5% increase from 5.7 million units last year [1] - Lumos Robotics has formed a strategic partnership with Mitsubishi Electric to develop core components for industrial humanoid and quadruped robots, establishing a joint laboratory in Suzhou and Shanghai [1] - STMicroelectronics plans to acquire NXP's MEMS sensor business for up to $950 million, with the deal expected to close in the first half of next year [1] - GAC Aion delivered the first prototype of its GOVY AirCab flying car in Hong Kong, which has a range of 20 to 30 km and is designed for urban short-distance travel [1] - Intel will slow down the construction of its factory in Ohio and will not proceed with projects in Germany and Poland, aiming to align spending with demand [1]

Core Insights - Apple has confirmed that it will allocate a portion of the OLED panel orders for the iPhone 17 Pro to China's BOE, which will supply screens for iPhone models sold in China [1] - The initial supply volume is limited, so the short-term impact on LG Display and Samsung Display will not be significant, but BOE is rapidly closing the technology gap [1] - The allocation of orders to BOE is seen as a strategy by Apple to reduce costs following the 25% tariff imposed on non-American iPhone imports during the Trump administration [1] Group 1 - BOE has reached Apple's minimum standards for OLED panels, and if it achieves technology parity with Samsung Display or LG Display, it may secure more orders [2] - BOE operates a production line capable of producing 100 million iPhone OLED panels annually, with a monthly capacity of approximately 8 million iPhone modules [2] - In the first half of 2025, BOE's iPhone panel shipments are expected to reach 21 million units, a 13% increase from 18.6 million units in the same period last year [2] Group 2 - Samsung Display is expected to supply 70 million OLED panels, while LG Display is projected to supply 43 million panels for the iPhone [3] - In Q2, LG Display held a 21.3% share of iPhone panel shipments, falling behind BOE's 22.7%, while Samsung Display maintained a leading position with 56% [3] - LG Display's performance is anticipated to rebound with the launch of the iPhone 17 series, with its market share expected to rise to 30.3% in Q3 [6]

Core Viewpoint - LG Display is experiencing significant external challenges, including U.S. tariff policies and macroeconomic fluctuations, yet it continues to ship large-sized OLED panels as planned, with an expected annual shipment of around 6 million units, showing growth compared to the previous year [1][2]. Group 1: Business Performance - LG Display's large-sized OLED business has been operational for over 10 years but has yet to achieve profitability. However, the depreciation of its Guangzhou OLED factory is expected to end this month, which may help reduce losses if production capacity and sales improve [2]. - The company's second-quarter performance showed sales of 5.587 trillion KRW (approximately 29.22 billion RMB), an operating loss of 1.16 trillion KRW (approximately 607 million RMB), and a net profit of 891 billion KRW (approximately 4.66 billion RMB). Compared to the same period last year, sales decreased by 16.7%, while the net profit turned around from a loss [3]. Group 2: Market Trends and Customer Base - The demand for large-sized OLEDs is diversifying, with an increasing share of products such as gaming monitors, which is expected to exceed 10% of the total shipments this year [1]. - Major clients include LG Electronics, Samsung Electronics, and Sony, with Samsung's OLED TV shipments being particularly significant for LG Display [2]. Group 3: Strategic Initiatives - LG Display is focusing on enhancing product competitiveness, diversifying its product line, and innovating costs to improve profitability. The company aims to establish strong partnerships with top global clients to achieve stable growth and profitability [2]. - The president of LG Display expressed a commitment to improving the profitability of the large-sized OLED business by strengthening customer structure and expanding sales in ultra-large and gaming sectors, aiming for a turnaround this year [2].

Group 1 - The article focuses on value investing opportunities in Asia, particularly in Hong Kong, targeting stocks with significant discrepancies between market price and intrinsic value [1] - The investment strategy emphasizes deep value balance sheet bargains, such as net cash stocks and low price-to-book (P/B) stocks, as well as wide moat stocks that represent high-quality businesses [1] - The author provides a range of watch lists with monthly updates to assist investors in identifying potential investment opportunities [1]

Market Performance - The main board led the gains with notable increases in stocks such as Daheng Technology (+9.99%), Huasheng Tiancheng (+9.97%), and China Film (+7.31%) [1] - The ChiNext board saw significant growth with Happiness Blue Sea (+20.02%) and Huijin Co. (+15.18%) [1] - The Sci-Tech Innovation board was led by Tonglian Precision (+19.99%) and Sinan Navigation (+8.28%) [1] - Active sub-industries included SW Film and Animation Production (+2.35%) and SW Semiconductor Materials (+2.00%) [1] Domestic News - Zhanxin Electronics held a celebration for the second phase of its cleanroom expansion at its silicon carbide wafer factory in Yiwu, Zhejiang, which will double the cleanroom area and gradually increase monthly production to 10,000 six-inch wafers, with future capacity expandable to 300,000 wafers annually [1] - Turing Quantum, a leading domestic photonic quantum computing company, completed a strategic round of financing worth 100 million yuan, focusing on the R&D and industrialization of photonic chip products [1] - Counterpoint Research reported a 2.4% year-on-year decline in China's smartphone market shipments for Q2 2025, attributed to seasonal factors and a decrease in new product launches due to OEMs rushing to release products to capture market share [1] - TSMC has increased its 2nm process capacity at its Hsinchu Baoshan F20 plant to 30,000 wafers per month, while the Kaohsiung F22 plant has a capacity of 6,000 wafers [1] Company Announcements - Weirgo announced an expected revenue of 700 million to 720 million yuan for H1 2025, representing a year-on-year growth of 55.41% to 59.85%, with a net profit forecast of 43 million to 50 million yuan, up 12.55% to 30.87% year-on-year [2] - Source Technology announced a cash dividend of 1 yuan per 10 shares based on a total of 85,495,577 shares after share buybacks [2] - Huashu Media reported total revenue of 4.435 billion yuan for H1 2025, a year-on-year increase of 2.07%, with a net profit of 254 million yuan, up 4.63% year-on-year [2] - Saiwei Electronics provided an update on a major asset sale, with the transaction counterpart having paid 238.2245 million Swedish Krona, although the company has not yet received the funds due to the lengthy cross-border payment settlement process [2] International News - Gixel, an AR optics solution company, secured 5 million euros in seed funding to develop its innovative AR optical solutions [3] - Amazon's Industrial Innovation Fund and ITHCA Group invested in Lumotive, which aims to power laser radar sensors with its chip technology, reducing production costs and improving hardware reliability [3] - Elon Musk announced that his AI company xAI plans to achieve computing power equivalent to 50 million NVIDIA H100 Tensor Core GPUs within five years, focusing on energy efficiency [3] - LG Display reported a revenue of 11.652 trillion Korean Won (approximately 605.9 billion yuan) for H1 2025, a slight year-on-year decline of 3%, with a loss of 82.6 billion Korean Won (approximately 4.3 billion yuan), narrowing by 85% year-on-year [3]

Core Viewpoint - LG Display is transitioning from LCD to OLED technology, focusing on enhancing its competitive edge and financial structure while navigating a challenging market environment [3][5][13]. Financial Performance - In Q2 2025, LG Display reported revenue of 5.587 trillion KRW (approximately 29.22 billion RMB), a decrease of 8% quarter-over-quarter and 17% year-over-year [1]. - The company experienced an operating loss of 116 billion KRW (approximately 607 million RMB), compared to an operating profit of 33.5 billion KRW in the previous quarter and a loss of 937 billion KRW in the same quarter last year [1]. - Net profit for the quarter was 891 billion KRW (approximately 4.66 billion RMB), recovering from a net loss of 237 billion KRW in the previous quarter and a loss of 471 billion KRW in the same quarter last year [1]. - For the first half of 2025, revenue was 11.652 trillion KRW (approximately 60.94 billion RMB), a year-over-year decline of 3%, but the operating loss was reduced by 480.5 billion KRW compared to the previous year [1]. Market Dynamics - The second quarter is traditionally a slow season, leading to a decrease in mobile product shipments [3]. - LG Display's exit from the LCD TV business and the weakening of the Korean won against the US dollar impacted performance [3]. - The company’s net profit was positively influenced by foreign exchange gains and the sale of its Guangzhou LCD factory stake [3]. Product Segmentation - In Q2 2025, TV panels accounted for 20% of total revenue, IT devices (including monitors, laptops, and tablets) 42%, mobile and other devices 28%, and automotive panels 10% [3]. - OLED products represented 56% of LG Display's total revenue, showing a year-over-year growth of 4% [3]. Strategic Initiatives - LG Display is investing 1.26 trillion KRW (approximately 6.66 billion RMB) in building an OLED panel factory in Paju, South Korea, marking its first large-scale investment in the country since selling the Guangzhou LCD factory [6]. - The company is focusing on differentiated innovation in product offerings, such as a stretchable automotive display and the fourth-generation OLED panels for monitors [8]. Competitive Landscape - Following Samsung Display's exit from the LCD market, LG Display is accelerating its transition to OLED to maintain its leading position [5]. - Both LG Display and Samsung Display are targeting the high-value automotive OLED display market, with significant orders from major automotive manufacturers [12][13]. Future Outlook - The CFO of LG Display anticipates a significant rebound in performance in the second half of the year as OLED business scales up [4]. - The ongoing investments and strategic shifts are expected to drive OLED technology from a high-end option to mainstream applications, particularly in foldable devices and high-end gaming monitors [13].

智通财经7月24日电，LG Display第二季度合并经营亏损1160.3亿韩元，预期亏损1099.9亿韩元，上年同 期亏损936.7亿韩元。 ...

Group 1 - UBI Research reports a projected 70% increase in global OLED panel shipments in Q3 due to the mass production of the iPhone 17 series [1][3] - LG Display held a 21.3% share of iPhone panel shipments in Q2, falling behind BOE's 22.7%, while Samsung Display maintained a leading position with 56% [1][3] - LG Display exclusively supplies small to medium-sized OLED panels for Apple's iPhone Pro series, which are priced higher than the LTPS panels provided by BOE for standard iPhone models [3][4] Group 2 - LG Display's iPhone panel shipments are expected to reach approximately 18.5 million units in Q3, a 70% increase from Q2, and exceed 25 million units in Q4 [3][4] - BOE is primarily supplying OLED screens for Apple's base model iPhone 16e and plans to expand its share across Apple's entire product line [3][4] - UBI Research anticipates a rebound in iPad panel shipments, with Q3 expected to double from 800,000 units in Q2 to 1.6 million units [4] Group 3 - UBI Research forecasts that LG Display will capture over 30% of the total iPhone OLED panel shipments by 2025 [4] - Omdia predicts BOE will become the largest panel supplier for Apple's MacBook by 2025, with a projected share of 51% [6][7] - LG Display's share of MacBook panel supply is expected to decline to 35% by 2025, a decrease of 9% from 2024, with a projected supply drop of 12.2% to 8.48 million units [6][7]