Core Viewpoint - Multiple panel companies have reported improved performance in the first half of the year, indicating a positive trend in the industry. Group 1: Financial Performance - TCL Technology reported a revenue of 85.56 billion yuan in the first half of 2025, a year-on-year increase of 6.65%, with a net profit of 1.883 billion yuan, up 89.26% [1] - BOE Technology Group achieved a revenue of 101.278 billion yuan, a year-on-year growth of 8.45%, and a net profit of 3.247 billion yuan, increasing by 42.15% [3] - Visionox and Deepin Technology also recorded revenue growth, with Visionox's revenue and net profit increasing by 4.79% and 9.74% respectively, while Deepin Technology turned profitable with a revenue growth of 9.93% [3] Group 2: Market Dynamics - The global demand for LCD TVs remained stable, with policies accelerating the trend towards larger sizes, leading to an increase in panel demand area [3] - TCL Technology completed the acquisition of 100% stakes in LG Display (China) and LG Display (Guangzhou), indicating a consolidation in supply-side capacity and an optimization of industry structure [4] - The display industry is entering a rebalancing phase, shifting focus from scale and market share to high profitability, high technology, and high added value [4] Group 3: Market Challenges - The second quarter of 2023 saw a significant drop in LCD TV panel shipments, with 57.4 million units shipped, marking the lowest quarterly level since 2019, reflecting a contraction in the television market [4] - Factors such as national subsidies and tariff policy changes led to a cautious approach from TV brands and OEM manufacturers regarding panel procurement for the second half of 2025 [4] Group 4: Future Outlook - TCL Technology anticipates a 3% to 4% quarter-on-quarter increase in TV panel shipments in the third quarter due to seasonal shopping trends, with prices expected to stabilize [5] - The industry is looking forward to potential growth in the foldable smartphone segment, particularly with expectations of Apple's entry into this market, which could drive demand for foldable screen panels [5]