Core Viewpoint - The mobile panel market continues to exhibit structural differentiation as of the end of Q2, with varying performance across different panel types [1] Group 1: Market Performance - a-Si panels benefit from stable demand in the mid-to-low-end market, maintaining high production line utilization [1] - LTPS panels are driven by applications in automotive displays, leading to sustained full operation of main production lines [1] - Flexible AMOLED panels, after a period of rapid growth, experience a slight decline in demand due to adjustments in terminal brand procurement schedules [1] Group 2: Price Forecast - a-Si panel prices are expected to remain stable in June and July [1] - LTPS panel prices are anticipated to stay stable in the short term [1] - Rigid AMOLED panel prices are also projected to remain stable in the short term [1] - After a slight decline in June, flexible AMOLED panel prices are expected to stabilize in Q3 [1]

Core Viewpoint - The mobile display panel market continues to show structural differentiation, with a-Si panels benefiting from stable demand in the mid-to-low-end market, LTPS panels driven by automotive display applications, and flexible AMOLED panels experiencing a slight decline in demand due to adjustments in terminal brand procurement rhythms [2][3][4]. Group 1: a-Si Panels - The demand for a-Si panels remains strong, driven by the "6.18" mid-year promotional stocking needs, leading to full-capacity operation of main production lines [4]. - After a brief price increase due to supply-demand tightness in the South China market, prices have stabilized, and module prices for brand customers remain steady [4]. Group 2: LTPS Panels - LTPS panels are benefiting from rapid growth in the automotive display market, with major manufacturers like BOE and Tianma maintaining full production capacity, expected to continue until the end of 2025 [4]. - However, in the smartphone sector, the trend of mid-to-high-end models shifting towards AMOLED has resulted in weaker demand for LTPS panels, keeping prices at low and stable levels [4]. Group 3: AMOLED Panels - As domestic smartphone manufacturers accelerate their shift to flexible AMOLED, demand for rigid AMOLED is contracting. Samsung Display has implemented price cuts to stimulate demand, but market feedback has been lukewarm, limiting the effectiveness of these price reductions [4]. - Some flexible AMOLED production lines have slightly reduced from full capacity, with expectations of minor price adjustments in June to maintain operational levels. However, a stable price floor will be upheld, and with the traditional peak season approaching in Q3, production rates are expected to rebound, with potential slight price increases for certain scarce specifications [4][5]. Group 4: Price Forecast - CINNO Research predicts that a-Si panel prices will remain stable in June and July 2025, while LTPS panel prices are expected to stay stable in the short term. Rigid AMOLED panel prices are also anticipated to remain stable, with flexible AMOLED panel prices expected to stabilize after a slight decline in June [5].

Core Viewpoint - The mobile display panel market is experiencing structural differentiation, with a-Si panels benefiting from stable demand in the mid-to-low-end market, LTPS panels driven by automotive display applications, and flexible AMOLED panels facing a slight decline in demand due to adjustments in terminal brand procurement rhythms [2][3]. Group 1: a-Si Panels - a-Si panels are seeing strong market demand driven by pre-sale preparations for the "6.18" mid-year promotion, maintaining high production capacity [3]. - The market in South China has stabilized after a brief price increase due to supply-demand tightness, with module prices for brand customers remaining stable [3]. Group 2: LTPS Panels - LTPS panels are benefiting from rapid growth in the automotive display market, with major manufacturers like BOE and Tianma maintaining full production capacity, expected to continue until the end of 2025 [3]. - However, in the smartphone sector, the trend of mid-to-high-end models shifting towards AMOLED is leading to weaker demand for LTPS panels, keeping prices at low and stable levels [3]. Group 3: AMOLED Panels - Domestic smartphone manufacturers are accelerating the shift to flexible AMOLED, resulting in a contraction in demand for rigid AMOLED [3]. - Samsung Display is implementing a proactive price reduction strategy to stimulate demand, but market feedback has been lukewarm, limiting the effectiveness of these price cuts [3]. - Some flexible AMOLED production lines have slightly reduced from full capacity, with expectations of moderate price adjustments in June to maintain operational levels, while a return to high capacity is anticipated in the third quarter as the traditional peak season approaches [3][4]. Group 4: Price Forecasts - CINNO Research predicts that a-Si panel prices will remain stable in June and July 2025, with LTPS and rigid AMOLED panel prices also expected to hold steady in the short term [4]. - Flexible AMOLED panel prices are anticipated to slightly decline in June but stabilize in the third quarter [4].