Core Viewpoint - The panel industry in China is experiencing a recovery, with many companies reporting improved performance and reduced losses for the first half of 2025, despite facing challenges from external trade environments and declining terminal demand [1][3][6]. Group 1: Company Performance - Huaying Technology expects a net loss of 466 million to 486 million yuan for the first half of 2025, an improvement of 13.81% to 17.36% compared to a loss of 564 million yuan in the same period last year [3]. - BOE Technology and Huacan Optoelectronics forecast a reduced loss, with net profit expected to be between -150 million to -90 million yuan, reflecting a year-on-year increase of 39.13% to 63.48% [3][4]. - TCL Technology anticipates revenue of 82.6 billion to 90.6 billion yuan, a year-on-year growth of 3% to 13%, with net profit expected to be between 1.8 billion to 2 billion yuan, representing an increase of 81% to 101% [4][5]. Group 2: Market Trends - The overall TV market in China showed a slight increase in shipments, with a total of 1,662.5 million units shipped in the first half of 2025, a growth of only 1.4% year-on-year [7]. - The large-size LCD TV panel shipments in May 2025 reached 19.3 million units, a year-on-year decline of 7.5%, indicating a downward trend in demand [7]. - Despite the challenges, the trend towards larger screens is expected to continue, with predictions of over 2.4 million units in the ultra-large screen market by 2026 [8].