| 证券代码:000725 | 证券简称:京东方 A | 公告编号: 2025-057 | | --- | --- | --- | | 证券代码:200725 | 证券简称:京东方 B | 公告编号: 2025-057 | 近日，南都湾财社记者获悉京东方科技集团股份有限公司发布公告称，公司董事会于2025 年7月9日收到高级管理 人员郭华平先生提交的书面辞呈。因工作变动原因，郭华平先生申请辞去公司高级副总裁、首席文化官职务，辞 职后将不再担任公司及控股子公司任何职务。郭华平先生的原定任期至公司第十一届董事会任期届满日止。根据 相关规定，郭华平先生的辞职申请自送达公司董事会之日生效。 值得一提的是，南都湾财社记者梳理发现，近一年多来，京东方曾经多次发生高层辞职。 京东方公告表示，截至本公告披露日，郭华平先生未持有公司股份。公司董事会对郭华平先生任职期间对公司做 出的贡献表示衷心的感谢。 公开资料显示，郭华平曾任北京 798 文化创意产业投资股份有限公司副总经理，北京吉乐电子集团党委副书记， 北京电子控股有限责任公司党委宣传部/企业文化部部长，北京京电进出口有限责任公司总经理。 现任公司高级 副总裁、首席文化官， ...

Core Viewpoint - The article highlights the rapid growth of the display driver IC (DDIC) market, driven by the increasing penetration of AMOLED technology and the domestic production of display panels in China, while also addressing the challenges faced by Yunyinggu in terms of profitability and customer concentration [1][2][8][13]. Industry Status and Future Trends - The global DDIC market is expected to reach $12.93 billion by 2025, with AMOLED driver chips projected to exceed 20% market share, becoming the fastest-growing segment [2]. - The penetration rate of AMOLED panels in smartphones has increased from 30% in 2020 to 55% in 2024, driving demand for high-end AMOLED DDICs [2]. - Domestic production of display panels in China is accelerating, with local production expected to rise from less than 10% in 2019 to 30% by 2025, significantly boosting local DDIC demand [2]. - Yunyinggu is projected to sell 51.4 million units in 2024, increasing its global market share from 1.2% to 4.0% [2]. Yunyinggu IPO Core Highlights - Yunyinggu submitted its IPO application to the Hong Kong Stock Exchange in June 2025, with a valuation of 8.3 billion yuan [4]. - The company is the largest AMOLED display driver chip supplier in mainland China and the fifth largest globally, holding a 4.0% market share [4]. - Yunyinggu possesses a full-stack self-research technology with 27 domestic and 49 overseas patents, including industry-first LTPO and high-resolution Real-RGB AMOLED driver chips [5]. - Major shareholders include Qualcomm China, Xiaomi Yangtze River Industry Fund, Huawei Hubble Investment, and BOE [6]. - Revenue growth from 2022 to 2024 is projected at 551 million yuan, 720 million yuan, and 891 million yuan, respectively, with a compound annual growth rate of 27.3% [7]. Yunyinggu's Main Shortcomings - Despite its advantages, Yunyinggu faces several challenges: - Weak profitability, with gross margin dropping from 31.9% in 2022 to 2.5% in 2024, and a mere 0.3% gross margin for AMOLED display driver chips [8]. - High customer concentration, with the top five customers contributing 90.2% of revenue and the largest customer accounting for 54.1% [9]. - Relatively weak technical reserves, with only 76 patents compared to over 2000 patents held by competitors like Novatek [10]. - Risks associated with the fabless model, with TSMC being the largest supplier at 74.5%, and the top five suppliers accounting for 97.2% of procurement [11]. Industry Competitive Landscape Comparison - The competitive landscape shows various players with distinct strengths and weaknesses: - Samsung LSI holds over 70% market share in AMOLED with a gross margin of 38% but faces losses due to high adoption rates in Galaxy products [12]. - Novatek is the largest independent supplier globally with a gross margin of 40% but has slightly inferior AMOLED technology compared to Samsung [12]. - Yunyinggu is the leading supplier in mainland China for AMOLED (3.8%) and Micro-OLED (40.7%) but has a gross margin of only 2.5% and high customer concentration [12]. - Jichuang Beifang has an 18% market share in China's LCD smartphone DDIC but lacks sufficient AMOLED technology accumulation [12]. - Synaptics is a major supplier of high-end TDDI with a gross margin exceeding 45% but has a narrow product line [12]. Conclusion and Recommendations - Yunyinggu, as a leading player in the AMOLED driver chip market, has achieved rapid growth through technological breakthroughs and local industry chain advantages [13]. - However, the company must address its weak profitability and high customer concentration issues [13]. - Future strategies should focus on transitioning to high-end products, expanding into automotive and industrial applications, and enhancing supply chain diversification management [14]. - With the deepening of the domestic display industry chain, if Yunyinggu can resolve its current shortcomings, it has the potential to secure a more significant position in the global market [14].

(活力中国调研行)每8秒产出一台液晶电视 陕西咸阳电子显示产业"链"动发力 7月7日，中新社记者走进咸阳高新区探寻陕西电子显示产业的发展密码。咸阳G8.5+基板玻璃生产线项 目现场，洁净的车间内玻璃液经溢流槽垂落成 0.4 毫米薄片。冠捷显示科技(咸阳)有限公司生产车间则 依托自动锁附、智能搬运等自动化设备，每8秒就有一台液晶电视产出。咸阳高新区采取引进龙头企 业、完善产业链条和强化科技创新等举措，全力打造千亿级电子显示产业集群。图为咸阳G8.5+基板玻 璃生产线项目现场。中新社记者 李一璠 摄 7月7日，中新社记者走进咸阳高新区探寻陕西电子显示产业的发展密码。咸阳G8.5+基板玻璃生产线项 目现场，洁净的车间内玻璃液经溢流槽垂落成 0.4 毫米薄片。冠捷显示科技(咸阳)有限公司生产车间则 依托自动锁附、智能搬运等自动化设备，每8秒就有一台液晶电视产出。咸阳高新区采取引进龙头企 业、完善产业链条和强化科技创新等举措，全力打造千亿级电子显示产业集群。图为咸阳G8.5+基板玻 璃生产线项目现场。中新社记者 李一璠 摄 7月7日，中新社记者走进咸阳高新区探寻陕西电子显示产业的发展密码。咸阳G8.5+基板玻璃生产线项 ...

Core Viewpoint - Shaanxi Xianyang is transforming quartz sand into liquid crystal televisions, producing one TV every 8 seconds and exporting to over 30 countries, showcasing a complete industrial chain in the electronic display sector [1][3]. Group 1: Production and Capacity - The newly established G8.5+ substrate glass production line in Xianyang has improved efficiency by over 20%, significantly enhancing the core competitiveness of the facility [3][4]. - The total production capacity of high-generation substrate glass at the Xianyang base will exceed 5.8 million pieces, meeting over 10% of the demand in the Chinese market [3][4]. Group 2: Technological Advancements - The production line utilizes the internationally advanced "overflow pulling method," involving processes such as cutting, grinding, cleaning, and testing to produce high-generation substrate glass [4]. - The company has established a comprehensive intellectual property system covering the entire industrial chain of substrate glass, ensuring self-control over production [4]. Group 3: Industry Ecosystem and Future Plans - Xianyang High-tech Zone has attracted over 40 upstream and downstream enterprises, forming a dual-leader industrial ecosystem of "panel + substrate" [6]. - The "Action Plan for Cultivating a Trillion-Level New Display Industry Innovation Cluster" aims to integrate the new display industry with big data, IoT, and AI, targeting a scale of 100 billion RMB by 2035 [6].

Core Viewpoint - The transaction between Rainbow Display Device Co., Ltd. and BOE Technology Group involves the transfer of a 30% stake in Xi'an Rainbow Optoelectronics Technology Co., Ltd. for approximately 4.85 billion yuan, aimed at enhancing the integration and innovation in the new display industry [1][3][4]. Group 1: Transaction Details - Rainbow Display has signed a share transfer agreement with BOE, allowing BOE to acquire 30% of Xi'an Rainbow Optoelectronics for about 4.85 billion yuan [1][4]. - The transfer price aligns with the assessed value of the equity, which was determined to be approximately 1.68 billion yuan as of September 30, 2024 [4]. - The payment will be made in three installments: 30% within five working days of the agreement, 60% upon registration of the share transfer, and the remaining 10% within one year [4]. Group 2: Company Strategy and Market Position - The transfer is part of Rainbow Display's strategy to optimize its main business structure and enhance its resilience against risks, aligning with the development needs of its glass substrate business [3][5]. - Rainbow Optoelectronics, established in 2015, is the operational entity for Rainbow Display's LCD 8.6 generation line, serving major clients including Hisense, TCL, Xiaomi, and Samsung [3][6]. - The transaction is expected to leverage Rainbow Optoelectronics' strengths in the OLED field, which could help BOE address its technological gaps [5]. Group 3: Financial Performance - In 2024, Rainbow Display reported revenues of 11.664 billion yuan, a year-on-year increase of 1.73%, with net profits rising by 87.55% to 1.24 billion yuan [6]. - BOE's 2024 revenue reached 198.381 billion yuan, up 13.66%, with a net profit of 5.323 billion yuan, reflecting a significant growth in its core display device business [6].

6月22日， 深圳市光明区工业和信息化局 公示， 2024年光明区材料产业新型显示材料测试验证 线建设项目拟资助计划 名单 ，TCL华星光电技术有限公司 获得拟资助金额人民币5000万元。 TCL华星是 TCL科技旗下子公司，同时也是 全球知名的半导体显示企业 ，主要从事大尺寸TFT- LCD 显示器件的生产、加工与销售，主要产品为大尺寸TFT-LCD 显示器件，包括 TFT-LCD 显 示器件和前端制程的半导体显示配套材料，并根据客户需求提供定制化生产服务。 TCL华星现有产品主要应用于电视机、商显等领域。下游行业客户以全球TV行业大品牌客户为主 如TCL电子、三星电子、小米、长虹、 LGD 、SONY 等企业。 此外， TCL华星 正在 推行HVA/HFS/IPS/IJP OLED/FMM OLED/MLCD/MLED为代表的多元 技术路线战略，以应对 新型显示产业竞争升级 的格局。 业绩方面，2024年 TCL华星营业收入为896.68亿元，净利润为55.44亿元。 近期， TCL科技方面发布公告，拟通过发行股份及支付现金的方式购买深圳市重大产业发展一期 基金有限公司持有的深圳市华星光电半导体显示技术有 ...

央视网消息：今年上半年即将过去，这半年以来，在我们身边涌现出了许多新产品、新科技。仅前四个月，我国消费品就新增了809万种，目前我国消费品 品种总量已经突破2亿。不仅是数量多，这些产品的科技含量也在不断提高，变得更加智能。越来越多创新产品走入我们的生活，让衣食住行用等各个方面 悄然发生着改变。 "折上加折"还能"卷" 手机屏幕不"屏"常 探访柔性屏生产线 感受"毫米级"可靠实力 在未来，从手机屏幕到平板电脑屏幕、笔记本电脑屏幕，甚至车载显示屏幕，柔性屏都有更多的空间施展拳脚。而这样颠覆传统的屏幕，到底是怎么制造出 来的？背后又藏了多少黑科技？ 经过层层关卡终于进到车间，结果却见不到屏幕的影子，到处都是巨大的机器，柔性屏的生产全流程都是在这些密闭设备里进行。工作人员告诉记者，就像 给手机贴膜，一点灰尘就会影响整个效果，生产中更是这样，灰尘会直接影响屏幕的品质。 科技公司战略合作总监 高远峰：一块屏幕从无到有，经过蒸镀、封装、切割等接近1000道工序，要20多天时间才能够生产出来。占地100个足球场大小的工 厂，实现了百分之百自动化。 新产品打开新机遇，大家生活中最常见的电子产品手机里藏着哪些新机遇？ 总台央视记 ...

6月17日晚，京东方发布公告称，根据公司发展战略，为紧抓产业格局整合演进机遇，进一步提升 公司竞争力，拟通过公开竞价方式收购彩虹显示器件股份有限公司（以下简称"彩虹股份"）持有 的咸阳彩虹光电科技有限公司（以下简称"彩虹光电"）30%股权，挂牌底价为48.49亿元。 目前该交易仍在公开征集受让方阶段，尚未确定最终受让方，尚未签署最终交易协议。 2024年，彩虹股份实现营业收入116.64亿元，同比增长1.73%；实现归属于上市公司股东的净利 润达12.40亿元，同比增长87.55%；实现归属于上市公司股东的扣非净利润为10.37亿元，同比 增长187.29%；2025年第一季度，彩虹股份实现营收29.66亿元，同比增长1.77%；归母净利润 为3.22亿元，同比增长16.09%；归母扣非净利润为3.06亿元，同比增长22.03%。 文：集邦Display整理 #京东方 #彩虹股份 #LCD #液晶面板 京东方表示，本次收购彩虹光30%股权，符合京东方发展战略，能够助力公司继续巩固和扩大竞 争优势，强化京东方在行业内影响力，促进公司业务整体竞争力提升。 资料显示，彩虹光电专注于高世代（TFT-LCD）液晶面板研 ...

四川省超高清视频产业联盟秘书长王乐表示，文化和科技融合成为国家战略，超高清音视频产业迎来黄 金发展期，未来在中国将成为国民经济支柱产业。 值得一提的是，极米科技副总裁田峰在现场就车载业务发展做了《极米车载光影解决方案——让光影赋 能移动的家》主题分享。2024年初，极米科技将车载业务纳入公司战略重点，不仅成立了专门的车载事 业部，还显著增加了研发和市场拓展方面的投入力度。田峰介绍，车载业务的拓展是基于公司在光学和 投影技术领域的深厚技术积累，完全在其核心竞争力之内，并且和公司"让屏幕无处不在"的创业愿景一 脉相承。车载业务对极米而言，相当于开启了"第二次创业"的新篇章。极米科技目前已经获得8个车载 业务定点，涉及智能座舱和智能大灯部件，客户包括国内外知名汽车企业，这些项目将于2025年实现量 产交付。 业内人士表示，"新型显示前沿技术与国际产能专场技术对接会"覆盖了显示行业的多个领域，不仅为新 型显示产业的企业家和从业者提供了一个交流思想、分享经验的平台，也为推动新型显示产业的创新发 展注入了新的动力和活力。未来，新型显示产业也将继续保持蓬勃发展的态势，为消费者带去更多精彩 和可能。 （文章来源：证券日报） ...

【集邦Display整理】 近期，显示行业资本动态频传，产业链企业融资热度攀升。面板厂商 华映 科技 与显示设备厂商合肥 欣奕华智 先后披露融资进展，两家企业通过融资租赁、B+轮投资等方 式累计获得超 6.5亿元资金注入。具体情况如下： 华映科技：子公司通过融资租赁获3.5亿元 6月2日，华映科技发布公告称，其全资控股公司华佳彩与 芯鑫融资租赁（厦门） 有限责任公司 （ 下文简称" 芯鑫租赁 " ） 开展融资租赁业务并签署了《售后回租赁合同》，合同金额人民币 3.5亿元，租赁期3年（36 个月）。近日，华佳彩收到上述相关融资价款。 资料显示，华佳彩主要负责华映科技的显示面板业务。 华佳彩拥有一条金属氧化物薄膜晶体管液 晶显示器件（IGZO TFT-LCD）生产线，产能3万片LCD大板/月，主要生产中小尺寸显示面板， 产品主要应用于工业控制屏、笔记本电脑、平板电脑、智能手机、POS机及车载显示等领域。 华映科技表示， 本次融资租赁业务的开展，能够进一步满足华佳彩的资金需求。本次交易不会影 响华佳彩对相关设备的正常使用，对华佳彩的生产经营不会产生重大不利影响 。 值得注意的是，这是双方第三次合作：2022年7月及 ...