（文章来源：证券日报） 证券日报网讯京东方Ａ11月26日在互动平台回答投资者提问时表示，OLED背板技术方面，公司采用 LTPS和LTPO技术；OLED器件部分，公司采用蒸镀技术，该技术已经在6代线得到很好的验证，所以技 术更为成熟，技术规格也更能满足平板、笔记本、车载等高端中尺寸产品。公司持续关注各技术方向的 发展情况，同时高度重视研发与储备，也具有相应的技术布局。 ...

据此前消息，苹果另一款入门级平板电脑——iPad Air将从2028年起搭载OLED显示屏。有业内 人员表示：" 尽管iPad Pro因采用OLED而备受关注，但由于其定价较高，实际需求反而低于预 期。虽然 新款 iPad mini也预计将涨价，但其价格门槛会有所降低，从而加速向OLED技术的转 型。 " 11月25日，据媒体ETnews报道，三星显示计划从明年7月左右开始量产将用于iPad mini的8.4英 寸OLED面板。 据悉，该面板将采用单层发光结构和低温多晶硅（LTPS）TFT技术。与iPad Pro不同，iPad mini的OLED面板在生产成本上采用了相对较低的技术方案。 报道称，三星显示将独家供应，预计年产能约为300万片。按照面板的投产时间推算，搭载OLED 屏幕的iPad mini有望于明年第三季度或第四季度正式上市。 此前，苹果在iPad mini上一直使用的是LCD面板。这是iPad mini首次应用OLED技术，也是继 iPad Pro系列（11英寸和13英寸机型）之后，苹果平板电脑中第二款采用OLED屏幕的产品。 图片来源：苹果官网 与主打高端市场的iPad Pro不同，iPad ...

Core Insights - The global IT OLED shipment is projected to grow from 24 million units in 2025 to 53 million units by 2029, indicating a structural growth phase in the next four years [1] - Samsung Display is expected to maintain over 60% market share as the largest producer of OLED panels for laptops, tablets, and monitors, with competitors like LG Display, EverDisplay, BOE, and Visionox following closely [1] Group 1: Market Trends - IT OLED products primarily utilize medium to large panels, necessitating production lines that maximize panel utilization based on large substrates [2] - Major terminal manufacturers, particularly Apple, are rapidly increasing the OLED share in their IT product lines, prompting panel manufacturers to prioritize investments in 8.6G OLED production lines [2] Group 2: Investment and Competition - Samsung Display announced an investment of approximately 4 trillion KRW in April 2023 for the construction of an 8.6G OLED production line, with other companies like BOE, Visionox, and TCL CSOT following suit [2] - Tianma Microelectronics is also exploring investments in 8.6G OLED production lines, highlighting a shift in the OLED market focus from smartphones to laptops, tablets, and monitors [2] Group 3: Technological Advancements - As the market expands, the technical requirements for IT OLED are evolving, with longer replacement cycles and higher white screen usage leading to burn-in issues [3] - The 2 Stack Tandem OLED structure, characterized by long lifespan, high brightness, and efficiency, is becoming a critical evaluation metric [3] - Samsung Display is focusing on Apple as a core customer for OLED panels for MacBook Pro, while Chinese manufacturers are targeting the broader market for laptops, tablets, and smartphones [3]

Group 1 - The core project involves the procurement of equipment for the 8.6-generation OLED production line by Hefei Guoxian, with multiple Korean and Japanese companies winning bids for various essential equipment [1][2] - Key equipment includes Laser Lift-Off (LLO) machines, dry etching machines, and PI curing equipment, which are critical for flexible OLED manufacturing [1] - The 8.6-generation AMOLED production line is a collaboration between Visionox and Hefei's investment platform, with a total investment of 55 billion yuan and a designed capacity of 32,000 glass substrates per month [2] Group 2 - The project is notable for being the world's first high-generation AMOLED production line equipped with the no FMM technology (ViP), and it is expected to start mass production in the first quarter of 2027 [2] - The flexible OLEDs produced will primarily be used in mobile device displays, indicating a significant market potential for Visionox's new production line [1]

11月17日，LG Display发布的投资者关系资料显示，公司今年面板每平米售价呈现上涨态势：第 一季度为804美元，第二季度价格为1056美元，到第三季度已飙升至1365美元，单季涨幅最高超 30%。 与此同时，出货面积持续收缩：第一季度为5400万平方米，第二季度降至4000万平方米，第三季 度进一步下滑至3900万平方米，同比降幅达27.8%。 尽管整体出货面积显著减少，但得益于高端、高利润产品占比的大幅提升，LG Display的盈利能 力实现了逆势增长。 LG Display相关人员表示："面板单位面积售价的上涨，是由于公司高附加值、高平均售价 （ASP）产品（例如 OLED）的比例增加所致。公司正逐步转向以高利润产品为主导的经营模式 ——即便销量有所下滑，也能确保整体收益增长。" 目前，LG Display专注于高附加值产品，如大屏OLED电视、高端游戏OLED以及车用P-OLED。 今年，公司正围绕OLED调整其产能，计划投资逾1万亿韩元用于设施建设，并已出售其位于中国 广州的液晶显示器（LCD）工厂。 报道称，公司在第三、四季度将产能维持在340万片（以8代玻璃基板计）的水平下，持续扩大高 ...

当下，中国半导体显示产业，正迎来新的OLED军备竞赛。 根据Omdia数据，预计到2030年，笔记本电脑采用的AMOLED面板年复合增长率将达38%，车载显示器为26%，桌上型显示器为15%。更有数据预测称，未 来所有OLED产品的总出货量年复合增长率将超过80%。 基于终端市场的需求增长，TCL华星、京东方、天马等厂商纷纷加大相关产线投资，目前行业里有四条高世代的OLED产线已经宣布或者在推进当中。日 前，在TCL华星全球显示生态大会上，TCL华星除了带来了关于AI技术领域的成果分享外，备受关注的印刷OLED也有了新的看点，比如全球首款Real Stripe RGB OLED手机显示（5.65"）。 TCL科技高级副总裁、TCL华星首席执行官赵军 TCL科技高级副总裁、TCL华星首席执行官赵军对作者指出，"印刷OLED本身具有画质、效率和成本方面的优势。在一些主要的性能方面、量产保证方面的 问题都逐一被解决之后，TCL华星相信，印刷OLED至少在中尺寸领域能够成为最有竞争力、前景最好的OLED技术。" 印刷OLED的四次关键决策，有能力去做全尺寸的覆盖 目前，OLED生产存在多种技术路线，不同厂商根据自身的 ...

Core Viewpoint - The company, Lite-On Optoelectronics, is accelerating its industrial layout in the OLED sector by planning to issue convertible bonds to raise up to 766 million yuan, marking a significant step towards its new development phase and reflecting its commitment to expanding in OLED materials and emerging business areas [1][2][3]. Group 1: Fundraising and Investment Plans - Lite-On Optoelectronics plans to issue convertible bonds totaling no more than 766 million yuan with a maturity of 6 years, aiming to fund several key projects [2]. - Of the raised funds, 500 million yuan will be allocated to the construction of new material production bases, enhancing the production capacity of OLED intermediates and other materials [2]. - The company will invest 34 million yuan in upgrading production facilities to improve automation and efficiency, and 32 million yuan in developing a platform for perovskite materials [2][3]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 423 million yuan, an increase of 18.77% year-on-year, and a net profit of 180 million yuan, up 38.62% year-on-year [1][3]. - The net profit excluding non-recurring items reached 170 million yuan, reflecting a significant growth of 46.51% year-on-year [1][3]. - The growth in revenue is primarily driven by increased sales of OLED terminal materials, supported by strong demand in various applications such as smartphones and automotive displays [3]. Group 3: Cost Management and Efficiency - The company has implemented cost reduction and efficiency enhancement strategies, resulting in an 8.75% decrease in operating costs for the first three quarters, which contributed to a 39.08% increase in total profit [4]. - The gross profit margin has improved, with quarterly profit growth reaching 44.98% [4]. Group 4: Research and Development Focus - Lite-On Optoelectronics emphasizes research and development as a core driver of growth, with R&D expenditures amounting to 49.29 million yuan in the first three quarters, a year-on-year increase of 12.39% [5]. - The R&D investment in the third quarter alone was 17.22 million yuan, reflecting a significant growth rate of 24.24% [5]. - R&D spending accounted for 13.12% of revenue in the third quarter, indicating a strong commitment to innovation [5][6]. Group 5: Future Outlook - The company aims to leverage the upcoming convertible bond issuance to enhance production capacity, optimize product structure, and strengthen technological innovation, positioning itself to benefit from the rapid growth of the domestic OLED industry [6]. - With a focus on building a self-controlled supply chain in OLED materials, the company is set to contribute significantly to the independent development of the OLED industry in China [6].

Core Insights - The high-generation OLED capacity is a focal point for leading companies in the global semiconductor display industry, with China's production expected to significantly increase starting next year [1][4] - Major Chinese companies are accelerating their investments in high-generation OLED production lines, which will enhance their market share in the high-end segment [1][4] Group 1: Company Developments - BOE Technology Group announced the investment in an 8.6-generation AMOLED production line, targeting high-end touch OLED displays for laptops and tablets, with mass production expected in the second half of next year [1] - TCL Technology's subsidiary, TCL Huaxing, has commenced construction of its 8.6-generation printed OLED production line with a total investment of approximately 29.5 billion yuan, aiming for mass production by the end of 2027 [2] - Visionox Technology announced plans to invest 55 billion yuan in an 8.6-generation flexible AMOLED production line in Hefei, with a recent move to raise up to 2.937 billion yuan through stock issuance [2] Group 2: Market Trends - Samsung Display is converting a large LCD production line into an 8.6-generation OLED panel production line, with mass production expected to start in Q3 2026 [3] - The total investment in 8.6-generation OLED production lines by major manufacturers, including Samsung, BOE, Visionox, and TCL Huaxing, is nearing 170 billion yuan, indicating a strong commitment to this technology [4] - The global OLED market is projected to expand rapidly as production costs decrease and applications extend from small to medium and large sizes, with Chinese companies expected to surpass a 50% global market share in OLED production [4]

Core Viewpoint - The control change of Visionox Technology Co., Ltd. is progressing, with plans for a private placement of A-shares that may lead to a change in control to Hefei Jianshu Investment Co., Ltd. [1][4] Group 1: Company Announcement - Visionox announced that its stock will resume trading on November 10, 2025, after planning to issue 419 million shares at a price of 7.01 yuan per share, raising up to 2.937 billion yuan for working capital and debt repayment [1][4] - After the issuance, Hefei Jianshu will hold 31.89% of Visionox's total shares, making it the controlling shareholder, with the actual controller being the Hefei Shushan District People's Government [1][4] Group 2: Market Position and Performance - Visionox is a leading player in the OLED sector, with a global market share of 11.2% in smartphone AMOLED panels, ranking third globally and second domestically [4] - In the wearable AMOLED panel market, Visionox holds the top position with a 27% shipment share [4] Group 3: Financial Situation - Visionox has reported continuous losses, with revenues of 7.477 billion yuan, 5.926 billion yuan, 7.929 billion yuan, and 6.051 billion yuan for the years 2022, 2023, 2024, and the first three quarters of 2025, respectively [8] - The net profits for the same periods were -2.07 billion yuan, -3.726 billion yuan, -2.5 billion yuan, and -1.623 billion yuan, leading to a high debt ratio of 84.36% as of September 30, 2025 [8] Group 4: Industry Context - The OLED industry is experiencing intense competition, with major players like BOE, Visionox, TCL Huaxing, and Samsung investing nearly 180 billion yuan in 8.6-generation OLED production lines [8] - Hefei has become a hub for display panel manufacturing, housing over 190 industry leaders and achieving a new display industry output value of 123.535 billion yuan in 2024, a year-on-year increase of 21.5% [7]

2025.11.10 维信诺表示，目前OLED行业竞争激烈，拟通过加大投入、提升技术，聚焦OLED高端化，此次增发募集资金，将使维信诺资金实力增强，可以有更多流 动资金投入日常生产、运营和研发，从而提升整体盈利能力；也有利于增强公司控制权和稳定性。 本文字数：1399，阅读时长大约2分钟 作者 |第一财经王珍 维信诺（002387.SZ）筹划控制权变更有了新进展，合肥市蜀山区的国资公司合肥建曙投资有限公司（简称"合肥建曙"）拟控股这家OLED面板供应商。11 月10日，维信诺在停牌一周后复牌，早上开盘即涨停，股价涨10.04%至9.32元/股。 值得关注的是，维信诺与合肥国显合作建设、总投资550亿元的8.6代OLED面板生产线正是位于合肥市蜀山区。该生产线主厂房已于2025年10月17日封 顶，是全球首条搭载无精密金属掩模板技术的8.6代OLED面板生产线。 据其11月9日晚公告，维信诺11月7日已签署协议，拟向合肥建曙发行4.19亿股A股股票，未超过本次发行前维信诺总股本的30%，发行价为7.01元/股，不 低于前20个交易日交易均价的80%，募集资金总额不超过29.37亿元。 合肥建曙现在已经持股维信诺 ...