图片来源：中国光谷 【集邦Display显示产业交流群】 据"中国光谷"微信公众号消息，TCL华星光电技术有限公司（以下简称"TCL华星"）与东湖高新 区签约，建设印刷OLED中试验证平台项目。项目将投资约15亿元，建设周期为2025年至2028 年，将进一步提升我国在新型显示领域的自主创新能力和全球竞争力。 此次签约的印刷OLED中试验证平台项目计划在原5.5代印刷OLED试产线基础上，将月产能从 3000大片提升至9000大片，并重点开展上游材料、设备等关键环节的中试验证，助力印刷OLED 加速产业化突破并构建完善的产业生态。 据了解，TCL华星已在武汉布局多个项目。2014年，TCL华星落户光谷智能制造产业园，建设国 内首条第6代LTPS显示面板生产线；2017年，公司第6代柔性AMOLED产线在光谷动工建设； 2021年，TCL华星在光谷追加建设一条第6代LCD面板产线；2024年，公司的第5.5代印刷OLED 显示面板试产线项目签约落地光谷。目前，该印刷OLED面板产线的医疗显示产品已稳定出货，并 正向NB、MNT客户推广，预计明年上半年实现量产。 消息称，自2014年落户以来，TCL华星持续深耕光 ...

广东省人民政府印发《广东省国家数字经济创新发展试验区建设方案（2025—2027年）》，其中提出，拓展终 端产业新场景。积极推动人工智能与机器人产业创新发展，开展"人工智能+"行动、"机器人+"行动。加快发展 消费级智能终端产品创新，加速推动智能手机、智能电脑、智能穿戴、智能家居、智能汽车、智能机器人等新 技术新产品开发与应用推广。深化"直播+商场""直播+门店"等模式，挖掘更多消费热点，探索线上线下融合发 展可行路径。壮大超高清视频产业集群，大力发展OLED（有机发光二极管）、AMOLED（有源矩阵有机发光 二极体）、MicroLED（微型发光二极管）、印刷显示、量子点、柔性显示等新型显示产业，挖掘重点行业应 用场景。推动电动垂直起降航空器、飞行汽车、通航飞行器、非载人无人机等产业规模化发展，开展低空文旅 项目推广及产业培育，建设国家低空经济产业综合示范区。 行业协会将建议设成本红线规范报价，磷酸铁锂行业推进反内卷 据中证报从业内获悉，由于我国磷酸铁锂行业陷入连续多年整体性亏损的窘境，产业无序竞争、低价内卷现象 威胁全行业生存根基与持续发展大局，中国化学与物理电源行业协会将发布《关于参考磷酸铁锂成本指数及规 ...

证券代码：300812 证券简称：易天股份 编号：2025-003 深圳市易天自动化设备股份有限公司 2025 年 11 月 20 日投资者关系活动记录表 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | | （2025 年度深圳辖区上市公司投资者网上集体接待日活动） 其他 | | 形式 | 现场 网上 电话会议 ☐ ☐ | | 参与单位名称 | 通过全景网（http://rs.p5w.net）参加"2025 年度深圳辖区上市公司投资 | | 及人员姓名 | 者网上集体接待日活动"的投资者 | | 时间 | 2025 年 11 月 20 日 16:00-17:00 | | 地点 | "全景路演"网站（http://rs.p5w.net） | | 上市公司接待 | 董事长、总经理： 高军鹏先生 | | 人员姓名 | 独立董事： 薛志坚先生 | | | 副总经理、董事会秘书：王亚丽女士 | | | 为进一步加强与投资者的互动交流工作，公司于 2025 年 11 月 ...

人民财讯11月20日电，广东省人民政府印发《广东省国家数字经济创新发展试验区建设方案（2025— 2027年）》，其中提出，拓展终端产业新场景。积极推动人工智能与机器人产业创新发展，开展"人工 智能+"行动、"机器人+"行动。加快发展消费级智能终端产品创新，加速推动智能手机、智能电脑、智 能穿戴、智能家居、智能汽车、智能机器人等新技术新产品开发与应用推广。深化"直播+商场""直播 +门店"等模式，挖掘更多消费热点，探索线上线下（300959）融合发展可行路径。壮大超高清视频产 业集群，大力发展OLED（有机发光二极管）、AMOLED（有源矩阵有机发光二极体）、MicroLED （微型发光二极管）、印刷显示、量子点、柔性显示等新型显示产业，挖掘重点行业应用场景。推动电 动垂直起降航空器、飞行汽车、通航飞行器、非载人无人机等产业规模化发展，开展低空文旅项目推广 及产业培育，建设国家低空经济产业综合示范区。 ...

Core Insights - The company is actively exploring new application scenarios for its core products to enhance added value and market space [1] - The company is expanding its acetone business into the electronic-grade semiconductor cleaning sector to meet the high-purity chemical demands of advanced manufacturing [1] - The research and development of MMA downstream optical-grade PMMA is accelerating, aiming to break foreign monopolies and expand applications in new energy vehicles and new display technologies [1] - The company's subsidiary, Qilu Keli, is extending its catalyst business to develop catalyst technologies required for products like propylene oxide and MMA [1]

Industry Overview - The display glass substrate industry is characterized by high purity special glass as the core material, providing essential support for display devices like LCD, OLED, and Mini/Micro LED [1][5] - The market size of China's display glass substrate industry is projected to reach approximately 35 billion yuan in 2024, with a year-on-year growth of 5.11% [5][10] - The TFT-LCD segment dominates the market, accounting for about 80% of glass substrate applications, with a market size of 31.59 billion yuan in 2024, reflecting a growth of 6.79% [5][6] Classification of Display Glass Substrates - Display glass substrates can be classified based on manufacturing processes (float, overflow melting, etc.), application scenarios (LCD/OLED, Mini/Micro LED), and technical characteristics (rigid, flexible) [2][3] - The performance requirements vary significantly across different display technologies, with LCD substrates needing high flatness and thermal stability, while OLED substrates focus on high-temperature resistance [4][5] Industry Development Status - The Chinese display glass substrate industry has shown steady growth, driven by technological advancements and increasing downstream application demands [5][10] - The market is expected to grow to 36.8 billion yuan by 2025, indicating a robust growth trend [5][10] Industry Value Chain - The industry value chain includes upstream raw materials (silica sand, soda ash), midstream production processes (research, melting, forming), and downstream applications (smartphones, TVs) [6][8] - The demand structure is diversifying, with traditional applications expanding into high-growth areas like Mini/Micro LED and advanced packaging [6][8] Competitive Landscape - The global display glass substrate market is highly concentrated, with Corning, AGC, and NEG holding about 80% market share [8][9] - Domestic companies like Rainbow Co. and Eastsun have achieved significant breakthroughs in G8.5+ glass substrate production, contributing to the domestic substitution efforts [8][9] Future Development Trends - The industry is expected to see accelerated technological breakthroughs and application expansions, particularly in high-generation lines and advanced technologies like UTG and TGV [10][11] - The integration of display technology with 5G, AI, and IoT is creating new application scenarios, driving demand for high-performance glass substrates [11][12] - Companies are focusing on green manufacturing and operational intelligence to enhance competitiveness and sustainability [12]

Core Insights - The Sichuan provincial government has issued implementation opinions to deepen employment reforms and promote high-quality employment, focusing on expanding employment capacity through the development of new productive forces [1] - Key industries such as artificial intelligence, healthcare, new displays, and high-end energy equipment are targeted for strengthening supply chains and creating more job opportunities [1] - The National Bureau of Statistics indicates that while the overall economic operation is stable, there are significant structural employment challenges in certain regions, industries, and demographics [1][4] Employment Trends - The unemployment rate increased in July and August to 5.2% and 5.3% respectively, before falling back to 5.2% in September [4] - Factors contributing to the rise in unemployment include the graduation season and adverse weather conditions affecting outdoor jobs [4] - The government aims to enhance macro policy adjustments to stabilize employment, businesses, markets, and expectations, while increasing support for employment stability [4]

Core Viewpoint - The company Visionox plans to issue 419 million shares to Hefei Jianxu at a price of 7.01 yuan per share, raising up to 2.937 billion yuan to supplement working capital and repay debts [1][2] Group 1: Share Issuance Details - The issuance will result in Hefei Jianxu becoming the controlling shareholder, with the actual controller changing to the Hefei Shushan District People's Government [1][5] - The total amount raised from the issuance will not exceed 2.937 billion yuan, with net proceeds intended for working capital and debt repayment [2][9] Group 2: Shareholder Changes - Prior to the issuance, Hefei Jianxu held 160 million shares, representing 11.45% of the company [5] - After the issuance, Hefei Jianxu's shareholding will increase to 31.89%, establishing it as the controlling shareholder [5][9] Group 3: Purpose of the Issuance - The issuance reflects shareholder confidence in the company's future and aims to alleviate operational funding pressure [9] - The funds raised will support the company's rapid business development and improve cash flow and debt situation [9] Group 4: Company Overview - Visionox focuses on new display technologies, including OLED and Micro-LED displays, with applications in smartphones, wearables, and other sectors [9]

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Insights - The company achieved operating revenue of 42.83 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 5.36%. The net profit attributable to shareholders reached 1.63 billion yuan, up 24.27% year-on-year. The net profit after deducting non-recurring gains and losses was 1.21 billion yuan, an increase of 22.17% year-on-year [2][5]. - In Q3 2025, the company reported operating revenue of 15.60 billion yuan, a year-on-year increase of 2.70%. The net profit attributable to shareholders was 573 million yuan, up 20.15% year-on-year, while the net profit after deducting non-recurring gains and losses was 394 million yuan, reflecting a year-on-year growth of 14.01% [2][5]. - The gross margin for the first three quarters of 2025 was 15.66%, an increase of 0.84 percentage points year-on-year. In Q3 2025, the gross margin was 14.44%, up 0.51 percentage points year-on-year, driven by the successful implementation of the company's large-screen and high-end strategies [8]. - The company’s operating profit for the first three quarters of 2025 was 1.32 billion yuan, a year-on-year increase of 17.43%, with an operating profit margin of 3.08%, up 0.32 percentage points year-on-year [8]. - The company is expected to see net profits attributable to shareholders of 2.52 billion yuan, 2.72 billion yuan, and 3.01 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 12.75, 11.79, and 10.66 [8]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company reported operating revenue of 42.83 billion yuan, a 5.36% increase year-on-year. The net profit attributable to shareholders was 1.63 billion yuan, up 24.27% year-on-year, and the net profit after deducting non-recurring items was 1.21 billion yuan, a 22.17% increase [2][5]. - In Q3 2025, the company achieved operating revenue of 15.60 billion yuan, a 2.70% year-on-year increase, with a net profit of 573 million yuan, reflecting a 20.15% increase year-on-year [2][5]. Profitability and Margins - The gross margin for the first three quarters of 2025 was 15.66%, an increase of 0.84 percentage points year-on-year. The Q3 gross margin was 14.44%, up 0.51 percentage points year-on-year, attributed to the success of high-margin product strategies [8]. - The operating profit for the first three quarters was 1.32 billion yuan, a 17.43% increase year-on-year, with an operating profit margin of 3.08%, up 0.32 percentage points year-on-year [8]. Future Projections - The company is projected to achieve net profits of 2.52 billion yuan, 2.72 billion yuan, and 3.01 billion yuan for 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 12.75, 11.79, and 10.66 [8].

Core Viewpoint - The company focuses on new display technologies, specifically in the research, production, and sales of OLED small and medium-sized display devices, as well as Micro-LED displays, aiming for continuous innovation to enhance its competitive edge [1] Group 1 - The company emphasizes continuous innovation in technology, talent development, and operational efficiency to improve competitiveness [1] - The company aims to achieve synergistic development within the industry ecosystem through its innovative strategies [1]