Core Viewpoint - BOE Technology Group has announced its commitment to the LTPO backplane technology in the OLED sector, which has been successfully validated in its sixth-generation production line and recognized by customers, indicating both technical success and market feasibility [1] Group 1: Technology and Market Position - The LTPO technology supports high-end mobile products such as tablets and laptops, as well as automotive displays, catering to high-demand application scenarios [1] - The company has positioned itself clearly in the high-end market, emphasizing its comprehensive capabilities in touch functionality and LTPO performance [1] Group 2: Market Demand and Supply - The penetration rate of OLED in high-end IT products (including monitors, tablets, and laptops) is still below 10% when converted to LCD equivalent capacity, suggesting that supply capacity will have a limited impact on the market in the medium to long term [1]

Core Viewpoint - Anjie Technology's stock has experienced a decline of 15.08% year-to-date, with recent trading showing a slight recovery, indicating potential investor interest despite overall negative performance [1][2]. Company Overview - Anjie Technology, established on December 16, 1999, and listed on November 25, 2011, is located in Suzhou, Jiangsu Province. The company specializes in the research, production, and sales of precision functional components, precision structural parts, and module products for smart terminals [1]. - The company's main revenue sources include smart terminal functional components and precision structural parts (55.99%), new energy vehicle products (32.89%), information storage products (9.51%), and others (1.61%) [1]. Financial Performance - For the period from January to September 2025, Anjie Technology reported a revenue of 3.483 billion yuan, a year-on-year decrease of 3.06%. The net profit attributable to shareholders was 101 million yuan, reflecting a significant decline of 54.62% year-on-year [2]. - Since its A-share listing, Anjie Technology has distributed a total of 1.281 billion yuan in dividends, with 465 million yuan distributed over the past three years [2]. Shareholder Structure - As of November 10, 2025, Anjie Technology had 52,600 shareholders, an increase of 0.19% from the previous period. The average number of tradable shares per shareholder was 7,516, a decrease of 0.19% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 5.8664 million shares (an increase of 1.5096 million shares), and Southern CSI 1000 ETF, which holds 3.0159 million shares (a decrease of 43,200 shares) [2].

11月24日，普冉股份盘中上涨2.03%，截至10:26，报124.45元/股，成交3.63亿元，换手率2.00%，总市 值184.25亿元。 资金流向方面，主力资金净流出740.88万元，特大单买入4162.75万元，占比11.48%，卖出3533.77万 元，占比9.74%；大单买入1.05亿元，占比28.88%，卖出1.18亿元，占比32.66%。 普冉股份今年以来股价涨72.66%，近5个交易日跌20.98%，近20日跌18.07%，近60日涨56.88%。 今年以来普冉股份已经2次登上龙虎榜，最近一次登上龙虎榜为10月24日，当日龙虎榜净买入-4717.70 万元；买入总计4.42亿元 ，占总成交额比20.59%；卖出总计4.90亿元 ，占总成交额比22.78%。 资料显示，普冉半导体(上海)股份有限公司位于上海市浦东新区张江镇银冬路20弄8号楼，成立日期 2016年1月4日，上市日期2021年8月23日，公司主营业务涉及集成电路产品的研发设计和销售。主营业 务收入构成为：芯片收入100.00%。 普冉股份所属申万行业为：电子-半导体-数字芯片设计。所属概念板块包括：送转填权、融资融券、增 持回购、 ...

Core Viewpoint - Lito Electronics has shown a significant increase in revenue and profit, indicating strong business performance in the consumer electronics sector, particularly in precision metal components and electronic parts [2][3]. Company Overview - Lito Electronics, established on November 25, 1980, is located in Yixing, Jiangsu Province, and was listed on December 24, 2018. The company specializes in the design, production, and sales of precision metal structural components and electronic components used in LCD displays [1]. - The main revenue sources for Lito Electronics are: precision metal stamping structural components (60.39%), computing services (32.02%), electronic components (4.24%), molds (1.49%), other (1.39%), and bases (0.47%) [1]. Financial Performance - For the period from January to September 2025, Lito Electronics achieved a revenue of 2.463 billion yuan, representing a year-on-year growth of 65.18%. The net profit attributable to the parent company was 216 million yuan, showing a remarkable increase of 309.76% year-on-year [2]. - The company has distributed a total of 171 million yuan in dividends since its A-share listing, with 100 million yuan distributed over the past three years [3]. Stock Performance - As of November 24, Lito Electronics' stock price increased by 2.04% to 25.06 yuan per share, with a market capitalization of 6.568 billion yuan. The stock has risen by 26.69% year-to-date but has seen a decline of 8.57% over the past five trading days [1]. - The company has appeared on the trading leaderboard four times this year, with the most recent occurrence on November 3 [1]. Shareholder Information - As of October 31, the number of shareholders for Lito Electronics was 33,900, a decrease of 12.27% from the previous period. The average number of tradable shares per person increased by 13.98% to 7,570 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 1.409 million shares, an increase of 55,900 shares compared to the previous period [3].

Core Viewpoint - Huaqing Technology's stock price has shown volatility, with a year-to-date increase of 19.51% but a recent decline in the last five trading days, indicating mixed market sentiment towards the company [1][2]. Financial Performance - For the period from January to September 2025, Huaqing Technology reported a revenue of 1.039 billion yuan, representing a year-on-year decrease of 21.03%. The net profit attributable to the parent company was -722 million yuan, which is a 14.94% increase compared to the previous year [2]. - The company has cumulatively distributed 1.592 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Market Activity - As of November 24, Huaqing Technology's stock price was 5.39 yuan per share, with a market capitalization of 14.909 billion yuan. The trading volume was 741 million yuan, with a turnover rate of 4.87% [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on November 20, where it saw a net purchase of 100 million yuan [1]. Shareholder Information - As of November 10, the number of shareholders for Huaqing Technology was 238,500, a decrease of 3.74% from the previous period. The average number of circulating shares per person increased by 3.89% to 11,585 shares [2]. - The sixth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 15.964 million shares, which is a decrease of 5.313 million shares from the previous period [3]. Business Overview - Huaqing Technology, established on May 25, 1995, and listed on November 26, 1993, is primarily engaged in the research, production, and sales of LCD display panels and liquid crystal modules (LCM). The revenue composition is 74.29% from panel business, 25.53% from module-related business, and 0.18% from other businesses [1]. - The company operates within the electronic industry, specifically in the optical optoelectronics panel sector, and is associated with concepts such as the Fujian Free Trade Zone, low price, mid-cap, margin financing, and OLED [2].

用8年把SQD X11L推向天花板，TCL做对了什么。 成为引领者，用Mini LED改写LCD的故事走向；还是在对OLED的追随中陷入被动，重复历史的宿命？ 这是一代中国显示人，用了近十年时间，回答的终极命题。 故事的开始，发生在2017年的拉斯维加斯CES展，那一年，对OLED的崇拜甚嚣尘上。 LG展台前，10款最新OLED电视一字排开，占据了核心目光。W系列77英寸LG SIGNATURE OLED电 视，凭借壁画式设计，斩获了2017 CES最佳创新奖。 转身不远处，则是已经把LCD产线尽数甩卖提上日程的三星。借助其最新发布的折叠屏手机以及苹果手 机OLED供应商的身份，三星精准卡位了小尺寸OLED。 参展的一众终端电视厂商的研发负责人，扎堆围在韩企展台，笔记本中记满了OLED的技术参数。 但一时看好的，就是正确的吗？ 至少对TCL来说，答案是否定的。 与OLED狂热形成鲜明对比：同一时间的TCL，选择延续LCD的路线深耕Mini LED，并在这个无人区里 打造属于TCL的一代机皇产品。 因为，Mini LED无论技术上限、成本控制，乃至尺寸大小整体表现优于OLED。而唯一的不足则是，做 出这个满足所 ...

Core Viewpoint - TCL has successfully positioned its SQD X11L Mini LED television as a market leader by choosing to focus on Mini LED technology instead of following the OLED trend, demonstrating a long-term vision and commitment to innovation [6][20][61]. Group 1: Historical Context and Decision Making - The journey began at the 2017 CES, where OLED technology was highly praised, leading many companies to pursue it, while TCL opted to continue developing LCD technology with a focus on Mini LED [4][6][7]. - TCL's decision to invest in Mini LED was seen as a challenging yet correct path, as it allowed the company to leverage existing LCD supply chains and avoid the pitfalls associated with OLED technology [20][17]. - The internal debate at TCL regarding the future direction highlighted the contrast between the established OLED path and the uncertain Mini LED route, with the latter requiring significant R&D investment [12][13][14]. Group 2: Technical Development and Breakthroughs - TCL faced three major challenges in developing Mini LED technology: achieving extreme contrast, brightness, and color accuracy [22][24]. - The company established the Pangu Laboratory to address these challenges, focusing on system-level solutions and optimizing the entire production process from materials to final products [27][29]. - TCL's Mini LED technology achieved a significant milestone with the release of the X11G Max, featuring 20,736 backlight zones, which set a new industry standard [29][60]. Group 3: Industry Impact and Future Prospects - The launch of the X11L SQD-Mini LED television marked a pivotal moment for TCL, showcasing its ability to lead in display technology and shift the narrative from following to leading in the industry [61][62]. - The advancements made by TCL not only highlight the company's technical capabilities but also signify a broader transformation within the Chinese display industry, moving towards self-sufficiency and innovation [61][62]. - Looking ahead, TCL is poised to continue exploring new technologies and solutions, with a structured R&D roadmap in place to guide future developments [63].

Core Viewpoint - Star Technology's stock has experienced a decline of 3.20% year-to-date, with a recent drop of 2.08% on November 21, 2023, indicating potential challenges in market performance [1][2]. Company Overview - Star Technology, established on September 25, 2003, and listed on August 19, 2011, is located in Taizhou Bay New District, Zhejiang Province. The company specializes in the research and manufacturing of protective screens for mobile phones and tablets, touch display modules, and high-precision structural components for smart consumer electronics [1]. - The company's revenue composition includes: electric bicycles (29.12%), electric motorcycles (18.53%), structural components (12.93%), electric vehicle parts (12.90%), touch display products (12.86%), protective screens (12.66%), and others (1.00%) [1]. Financial Performance - For the period from January to September 2025, Star Technology reported a revenue of 1.213 billion yuan, reflecting a year-on-year growth of 41.32%. However, the net profit attributable to shareholders was a loss of 5.66 million yuan, although this represents a significant improvement with a year-on-year increase of 95.57% [2]. - The company has cumulatively distributed 62.42 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Star Technology was 93,800, a decrease of 8.27% from the previous period. The average number of circulating shares per shareholder increased by 48.82% to 23,904 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 20.40 million shares, an increase of 10.89 million shares compared to the previous period [3].

Samsung Display, China’s BOE settle OLED patent and trade secret lawsuits https://t.co/SDwN99kPWt ...

Core Viewpoint - The article highlights the recent advancements in the G8.6 generation FMM project by Huancai Star and the mask production project by Qingyi Optoelectronics, with a total investment exceeding 4 billion RMB [1]. Group 1: Huancai Star's G8.6 Generation FMM Project - Huancai Star has completed the installation of the first G8.6 generation FMM manufacturing line in Ningbo, with a total investment of 580 million RMB [2]. - The production line features processing capabilities exceeding 700mm and is claimed to be the most integrated and automated FMM production line globally [2]. - The line integrates core processes such as high-precision lithography, electroforming, and laser cutting, meeting the mass production needs for 8.6 generation OLED panels, with a production efficiency improvement of over 40% compared to G6 generation lines [2]. - The pixel precision control is at the micron level, supporting the manufacturing of high-resolution OLED products like 4K and 8K [2]. - The Ningbo factory, as Huancai Star's core production base, already has the capacity for mass production of G6 generation FMM, and the new G8.6 line will further expand production capacity and enhance the product matrix [2][5]. Group 2: Qingyi Optoelectronics' Mask Production Base - Qingyi Optoelectronics held the inauguration ceremony for its flat panel display and semiconductor mask production base in Foshan on November 14 [6]. - The total investment for the two bases is 3.5 billion RMB, with the high-precision flat panel display mask base accounting for 2 billion RMB, constructed in three phases [8]. - The products from this base will cover a-Si, LTPS, and AMOLED technologies for flat panel displays, targeting 8.6 generation and below [8]. - In February 2025, Qingyi Optoelectronics received approval for a private placement plan to raise 1.2 billion RMB for the construction of the high-precision mask production base and the high-end semiconductor mask production base [8]. - The company specializes in the R&D, design, production, and sales of masks, serving various applications in flat panel displays and semiconductors, including power semiconductors and third-generation semiconductors [9].