来源：市场资讯 （来源：维科网显示） 2025年9月24日，美国国际贸易委员会（ITC）发布公告称，对特定用于液晶显示器的玻璃基板及其下 游产品和制造此类基板的方法（Certain Glass Substrates for Liquid Crystal Displays, Products Containing the Same, and Methods for Manufacturing the Same，调查编码：337-TA-1433）作出337终裁：对本案行政 法官于2025年8月26日作出的初裁（No.51）不予复审，即基于申请方撤回，终止本案对美国注册专利号 7,851,394第1、2、4、12项权利要求和对美国注册专利号9,512,025第20项权利要求的调查。 2025年7月14日，委员会根据委员会规则210.21(a)(1)和19CFR210.21(b)通过撤回与"025"专利第18和19项 主张相关的申诉，部分终止了调查。第38号命令(2025年7月1日)，未经委员会审查通知(2025年7月14 日)。 2025年8月14日，委员会根据委员会规则210.21(b)和19CFR210.21( ...

Core Points - BH Innovations LLC has filed a complaint with the U.S. International Trade Commission under Section 337 of the Tariff Act of 1930, alleging violations related to certain liquid crystal devices and components [1] - The complaint includes multiple Chinese companies as defendants, such as HKC Corporation Ltd. and Chongqing HKC Optoelectronics Technology Co., Ltd. [1] Summary by Category Legal Action - The complaint was filed on September 2, 2023, claiming that specific liquid crystal devices, components, and their downstream products exported to and sold in the U.S. violate U.S. trade laws [1] Involved Companies - The defendants listed in the complaint include several Chinese enterprises, notably HKC Corporation Ltd. and Chongqing HKC Optoelectronics Technology Co., Ltd. [1]

人民财讯9月4日电，据中国贸易救济信息网消息，2025年9月2日，美国BH Innovations LLC根据《美国 1930年关税法》第337节规定向美国际贸易委员会提出申请，主张对美出口、在美进口及销售的特定液 晶器件、组件及其下游产品违反了美国337条款。 ...

【美企对特定液晶器件、组件及其下游产品提起337调查申请】智通财经9月4日电，据中国贸易救济信 息网，9月2日，美国BH Innovations LLC根据《美国1930年关税法》第337节规定向美国际贸易委员会提 出申请，主张对美出口、在美进口及销售的特定液晶器件、组件及其下游产品违反了美国337条款。 中 国广东HKC Corporation Ltd. of China惠科股份有限公司、中国重庆Chongqing HKC Optoelectronics Technology Co.,Ltd. of China重庆惠科金渝光电科技有限公司、中国香港特别行政区HKC Overseas Ltd. of Hong Kong、中国山东HiSense Co., Ltd. of China海信集团有限公司、中国山东HiSense International Co., Ltd. of China青岛海信国际营销股份有限公司、中国山东HiSense Visual Technology Co. Ltd. of China海信 视像科技股份有限公司、美国HiSense US Corporation of Suwanee, GA ...

Group 1 - BH Innovations LLC filed a complaint with the U.S. International Trade Commission under Section 337 of the Tariff Act of 1930, alleging violations related to certain liquid crystal devices, components, and downstream products exported to and imported into the U.S. [1] Group 2 - The defendants named in the complaint include multiple companies from China, such as HKC Corporation Ltd., Chongqing HKC Optoelectronics Technology Co., Ltd., and several subsidiaries of HiSense, as well as companies from the U.S. like HiSense US Corporation and VIZIO Holding Corp. [2]

Group 1 - Indian Prime Minister Modi is set to visit Japan on August 29-30 to discuss economic cooperation and investment, focusing on semiconductor and AI sectors [1] - Japan plans to support its companies in entering the Indian market, particularly in AI and semiconductor fields, while also facilitating the transfer of skilled professionals from India [1] - The Japanese government is encouraging its companies to relocate non-advanced technology production to India, covering sectors like semiconductors, LCDs, and solar power equipment [1][2] Group 2 - A joint venture between Japanese companies and Indian conglomerates is being established, with both governments sharing investment and production plans [2] - India aims to achieve semiconductor self-sufficiency, with the first "Made in India" chip expected to hit the market by the end of 2025 [2] - The Indian government initiated the "Semicon India" program in 2021 with an initial budget of approximately $8.7 billion, promising to cover up to 50% of project costs [2] Group 3 - Analysts highlight that India's semiconductor industry is currently small and lacks competitive export capabilities, facing significant gaps in production scale and technology compared to the US and China [3] - Concerns have been raised regarding the effectiveness of India's policies in fostering local knowledge and technology transfer, with criticisms that foreign companies are primarily benefiting from cheap labor without significant technology sharing [2][3] - The lack of a robust local market is seen as a barrier to attracting foreign semiconductor companies, even with substantial government funding [3]

Core Viewpoint - Japan and India are taking steps to transfer the production of older semiconductor and LCD technologies to India as part of their economic security cooperation plan to reduce reliance on China [3]. Group 1: Production Transfer Plan - The production transfer plan, developed by the Japan External Trade Organization (JETRO) and the Federation of Indian Chambers of Commerce & Industry, will be announced soon and aims to shift production of products that Japan lost capacity for due to low-priced Chinese products to India [3]. - The plan includes the production of semiconductors, LCDs, solar equipment, batteries, and compressors, with a focus on restructuring and expanding India's production capacity [3]. Group 2: Legislative Measures and Industry Growth - India will implement legislation similar to Japan's to combat technology leaks, as it aims to increase domestic production of core semiconductor components that are currently reliant on imports from China [3]. - The Indian government, led by Prime Minister Modi, seeks to develop a large-scale production model that leverages its competitive labor costs while introducing traditional Japanese technologies [3]. Group 3: Corporate Initiatives - Some companies have already begun initiatives in line with the transfer plan, including a Japanese battery manufacturer planning to sign a memorandum of understanding with an Indian company for joint production [4]. - Another Japanese electrical manufacturer has started constructing a compressor factory in Tamil Nadu, India [4]. Group 4: Trade Relations and Tariffs - Due to India's purchase of Russian oil, the U.S. has imposed a 25% tariff on Indian goods, raising the total tariff to 50%, which has led to closer ties between India and China [4]. - Japan is also promoting stronger relations with India amidst these developments [4].

Core Viewpoint - The report highlights the financial performance and operational strategies of Beijing Bayi Space LCD Technology Co., Ltd. for the first half of 2025, indicating a decrease in profits while emphasizing ongoing investments in research and development to enhance product quality and market competitiveness [1][3][4]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately 415.37 million yuan, representing a 10.63% increase compared to the same period last year [3]. - The total profit for the period was about 39.22 million yuan, a decrease of 32.12% year-on-year [3]. - The net profit attributable to shareholders was approximately 30.87 million yuan, down 37.90% from the previous year [3]. - The net cash flow from operating activities was negative 4.27 million yuan, a significant decline of 110.57% compared to the previous year [3]. Business Overview - The company specializes in the research, production, and sales of display materials, semiconductor materials, and pharmaceutical materials, with a primary focus on liquid crystal display materials [4][5]. - The company adopts a technology-driven market strategy, emphasizing independent research and development [4][5]. - The production model includes both order-based and stock production, utilizing advanced management systems for efficient operations [6][7]. Industry Context - The liquid crystal materials industry is experiencing significant growth driven by advancements in display technology and increasing demand for high-performance materials [8][9]. - The global display industry is undergoing transformation, with innovations in flexible and transparent displays creating new opportunities [8][9]. - The semiconductor industry is also evolving, with a rising demand for high-end photoresist materials, particularly in advanced manufacturing processes [10][11]. Competitive Position - The company has established itself as a key supplier in the liquid crystal materials market, recognized by major panel manufacturers such as BOE and Innolux [16][17]. - The domestic liquid crystal materials sector has seen a shift towards increased localization, with domestic products gaining market share and recognition for their quality [12][13]. - The company is positioned to leverage its technological advancements and partnerships to enhance its competitive edge in both the liquid crystal and photoresist materials markets [10][11][16].

Economic Overview - In the first half of 2025, Guangzhou's GDP reached 1,508.099 billion yuan, showing a year-on-year growth of 3.8% at constant prices [1] - The primary industry added value was 11.234 billion yuan, growing by 4.2%; the secondary industry added value was 370.587 billion yuan, growing by 2.1%; and the tertiary industry added value was 1,126.278 billion yuan, growing by 4.3% [1] Industrial Performance - Guangzhou's industrial output above designated size increased by 0.7% year-on-year in the first half of the year [3] - The automotive manufacturing sector faced challenges, with added value declining by 5.7%, although the decline narrowed by 0.7 percentage points compared to the first quarter due to product transformation and new model sales [3] - New energy vehicle production accelerated, with cumulative output increasing by 9.5%, up 8.8 percentage points from the first quarter [3] - The integrated circuit manufacturing sector saw a significant increase in added value by 30.0%, with production of LCD modules, analog chips, and industrial robots growing by 150%, 19.5%, and 19.0% respectively [3] - The aerospace and aviation equipment manufacturing sector's added value grew by 17.1%, with civil drone production surging by 37.7% [3] Investment Trends - Fixed asset investment in Guangzhou increased by 0.8% year-on-year, with infrastructure investment growing by 4.2% and real estate development investment recovering with a growth of 4.1% [3] - Investment in the automotive manufacturing sector increased by 19.3%, while investment in computer communication and other electronic equipment manufacturing grew steadily by 6.0% [3] Consumer Market Dynamics - The retail sales of consumer goods in Guangzhou reached 561.122 billion yuan in the first half of the year, reflecting a year-on-year growth of 5.9%, which is an increase of 2.4 percentage points from the first quarter [5] - Demand for goods in sectors such as new energy vehicles, communication equipment, home appliances, and furniture saw significant growth due to subsidy coverage [5] - Online shopping and booking trends increased, with online retail sales of physical goods growing by 16.4% and restaurant revenues through public networks increasing by 10.9% [5] Financial Sector Insights - As of the end of June, the balance of deposits and loans in Guangzhou's financial institutions reached 17.69 trillion yuan, a year-on-year increase of 4.8% [5] - The deposit balance was 9.23 trillion yuan, growing by 4.7%, with household deposits increasing by 10.5% [5] - The loan balance was 8.46 trillion yuan, up by 5.0%, with significant growth in household medium- and long-term loans and loans to enterprises [5]

Core Viewpoint - The company, Jingwei Huikai, announced the sale of its wholly-owned subsidiary, Changsha Yushun Display Technology Co., Ltd., to Huanuo Xingkong Technology Co., Ltd. for a total consideration of approximately 112 million yuan, which aims to enhance asset operation efficiency and sustainable development capabilities [1][3]. Summary by Sections Transaction Details - Huanuo Xingkong will acquire 100% of Changsha Yushun through a cash payment, with a total payment of 112,036,753.68 yuan. Additionally, Changsha Yushun owes Jingwei Huikai's subsidiary, Xinhui Kai Technology (Shenzhen) Co., Ltd., 27,963,246.32 yuan, leading to a combined payment of approximately 140 million yuan to Jingwei Huikai and Xinhui Kai [2][3]. Company Profile - Changsha Yushun was established in 2007, focusing on the research, production, and sales of LCD displays and electronic products, among other activities. Huanuo Xingkong's business scope includes intelligent building systems design, civil aircraft parts design and production, software development, and various technology services [3]. Financial Performance - In 2024, Jingwei Huikai reported a revenue of 3.261 billion yuan, a year-on-year decrease of 5.03%. However, the net profit attributable to shareholders increased significantly by 107.42% to 21.457 million yuan. In Q1 2025, the revenue was 587 million yuan, down 23.37%, with a net profit of 12.818 million yuan, a decline of 59.30%, primarily due to a one-time gain from land transfer in the previous year [5].