Core Viewpoint - The establishment of Yantai Wanmei New Materials Co., Ltd. represents a strategic move by Wanhua Chemical to enter the display materials sector, indicating a significant shift in the industry landscape as domestic players intensify their efforts in this field [2][6]. Group 1: Company Establishments and Collaborations - Yantai Wanmei New Materials Co., Ltd. was founded with a registered capital of 100 million RMB, focusing on the sales of synthetic materials and specialized chemical products, excluding hazardous chemicals, and new materials technology research and development [1]. - Wanhua Chemical holds a 70% stake in Yantai Wanmei, while Hefei Xinmei Materials Technology Co., Ltd. owns 30% [1]. - Other notable companies entering the display materials market include Changshu Shihehua New Materials Co., Ltd., established with a capital of 20 million RMB, focusing on the research and sales of display photoresist color paste [3][5]. Group 2: Industry Trends and Developments - The display materials sector is experiencing heightened competition, with domestic companies ramping up efforts as foreign firms exit or transform [6]. - By 2025, domestic display material manufacturers are expected to focus on patents, production capacity, and financing to enhance their competitive edge [6][11]. - Significant investments in projects related to optical display films and materials are underway, with companies like New Mei Materials investing 4.5 billion RMB to establish five intelligent production lines [7]. Group 3: Market Demand and Future Outlook - The demand for display materials is projected to increase as the localization rate of LCD panels rises and new high-generation OLED production lines come online [10]. - The market for materials required for TFT-LCD and OLED, including photoresist color paste and optical films, is expected to expand in line with the growth in panel production [10][11].