lly w □四川日报全媒体记者王成栋 肖莹佩 熊晓雨2月24日，春节假期后第一个工作日，成都举行推进重点产业链高质 量发展工作会议。作为"新春第一会"和"十五五"开局之年的"起手式"，成都透露出鲜明信号：以重点产业链高质 量发展，全面提升现代化产业体系发展能级。作为超大城市，成都加快强链突破和推动聚链成群的战略考量是什 么？推进重点产业链高质量发展的抓手和路径又有哪些？会上，问号被一一拉直。义不容辞的使命担当既贯彻落 实国省战略也是超大城市高质量发展应有之义"焊接机器人这个领域，我们在全国都说得起话，目前我们的营收是 行业首位。""今年，我们将推出更多面向全国各行业的解决方案。"会议开始前，邓世海被媒体团团围住。这位成 都卡诺普机器人技术股份有限公司副总经理，则在重复一句话：我们不只是立足成都和四川，更放眼全国。立足 自身，服务全局，正是成都"新春第一会"召开的深意——既要贯彻落实中央和省委战略部署，也要服务超大城市 高质量发展、现代化建设。何为服务全局？不少与会者提到，党的十八大以来，习近平总书记对四川和成都产业 发展多次作出重要指示，寄予殷切期望。近年来，党中央、国务院和省委、省政府相继出台重要文件，明 ...

Core Insights - LG Display has achieved the industry's first "100% dimming consistency" verification for its large-sized OLED panels, demonstrating superior pixel-level dimming technology [1] - This verification from UL Solutions highlights the effectiveness of OLED technology in maintaining brightness consistency across varying screen areas, unlike LCD panels which show significant dimming [1] Group 1: Dimming Consistency - Dimming consistency measures how effectively a display reproduces content based on brightness performance, with OLED achieving a perfect score of 100% [1] - In contrast, LCD panels showed a dimming consistency that dropped from a maximum of 83% to as low as 43% as the test area decreased [1] Group 2: Technology Comparison - OLED panels emit light at the pixel level, allowing them to maintain brightness and reproduce natural colors, while LCD technology struggles with color accuracy due to larger backlight blocks [1] - The halo effect in LCD panels can cause light bleeding, resulting in blurred images, particularly when bright objects are rendered against dark backgrounds [1] Group 3: Future Plans and Innovations - LG Display aims to strengthen its leadership in large-sized OLED technology, introducing new panels that utilize "Primary RGB Tandem 2.0" technology, achieving peak luminance of up to 4,500 nits [1] - The new technology also features the lowest reflectance level (0.3%) among existing displays, enhancing visual clarity [1]

Core Insights - The article emphasizes the focus on value investing in Asia, particularly in Hong Kong, targeting stocks with significant discrepancies between market price and intrinsic value, including deep value balance sheet bargains and wide moat stocks [1] Group 1: Investment Strategy - The investment strategy involves identifying deep value balance sheet bargains, such as net cash stocks, net-nets, low price-to-book (P/B) stocks, and sum-of-the-parts discounts [1] - The strategy also includes investing in wide moat stocks, which are characterized by strong earnings power at a discount, including high-quality businesses and hidden champions [1] Group 2: Research Service - Asia Value & Moat Stocks is a research service designed for value investors seeking investment opportunities in Asia-listed stocks [1] - The service provides a range of watch lists with monthly updates to assist investors in identifying potential investment opportunities [1]

Disclaimer 2025 Q4 Earnings Results January 28, 2026 I Investor Relations Revenues & Profits | Revenues | 7,833 | 6,957 | 7,201 | 4% | -8% | | --- | --- | --- | --- | --- | --- | | Operating | 83 | 431 | 169 | -61% | 103% | | Income | 1% | 6% | 2% | | | | EBITDA* | 1,306 | 1,424 | 1,162 | -18% | -11% | | | 17% | 20% | 16% | | | | Income Before Tax | -562 | 30 | -372 | Turned to deficit | 34% | | Net Income | -839 | 1 | -351 | Turned to deficit | 58% | Details Revenue / Operating income Major Points TV IT * ...

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Tianshan Electronics, indicating a significant level of financing activity and a strong market presence [1][2]. - On January 26, Tianshan Electronics experienced a stock price increase of 1.12%, with a trading volume of 342 million yuan. The net financing purchase for the day was 8.18 million yuan, with a total financing and securities balance of 381 million yuan [1]. - The financing balance of Tianshan Electronics accounts for 9.32% of its market capitalization, indicating a high level of leverage compared to the past year [1]. Group 2 - Tianshan Electronics, established on August 26, 2005, specializes in the research, design, production, and sales of customized LCD displays and modules, with a revenue composition primarily from color LCD modules (58.97%) [2]. - As of January 20, the number of shareholders in Tianshan Electronics increased to 18,200, reflecting a 6.65% rise, while the average circulating shares per person decreased by 6.23% [2]. - For the period from January to September 2025, Tianshan Electronics reported a revenue of 1.338 billion yuan, representing a year-on-year growth of 26.48%, and a net profit attributable to shareholders of 112 million yuan, up by 6.56% [2]. Group 3 - Since its A-share listing, Tianshan Electronics has distributed a total of 157 million yuan in dividends [3]. - As of September 30, 2025, the eighth largest circulating shareholder is the Fuguo Innovation Technology Mixed Fund, holding 1.5001 million shares, marking its entry into the top shareholders list [3]. - The XINGQUAN Trend Investment Mixed Fund has exited the list of the top ten circulating shareholders [3].

Group 1: Company Overview and Market Dynamics - The company hosted a research meeting on January 23, 2026, with participation from seven institutions, focusing on its strategic core business in automotive displays, which has seen a 24% growth in sales in the first three quarters of 2025 [1][2] - The company has maintained its position as the global leader in automotive TFT-LCD and instrument display shipments since 2020, with its head-up display (HUD) expected to reach the top position globally in 2024 [2] Group 2: Profitability and Competitive Landscape - The gross margin for the automotive business has shown a steady increase in the first three quarters of 2025, despite facing competitive pressures and price challenges [3] - The company aims to enhance product value through a strategy of increasing the complexity and integration of its modules, focusing on high-value-added products to maintain a robust gross margin [3] Group 3: Technological Advancements - The company has been developing Micro-LED technology since 2017, achieving significant breakthroughs in automotive and large-screen applications, with over 30 mass production devices and materials developed in collaboration [4] - In response to the competitive OLED market, the company plans to enhance production capabilities and optimize product structures to adapt to market changes, focusing on high-end and diversified applications [4] Group 4: Supply Chain and Emerging Business - The company collaborates with thousands of global suppliers to enhance material diversification and domestic supplier development, resulting in increased localization of materials and strengthened supply chain resilience [5] - The establishment of the MPG platform aims to explore non-display applications, with ongoing technical development in areas such as smart antennas and flexible sensors, currently in the incubation phase [5] Group 5: Market Value Management - The company emphasizes market value management, incorporating relevant metrics into its assessment system, and has implemented several initiatives to protect shareholder interests and enhance investor confidence since 2025 [6]

Core Insights - LG Display Co., Ltd. is highlighted as an undervalued technology penny stock, showcasing its innovations at CES 2026 with a focus on AI and immersive display technologies [1][2]. Group 1: Product Innovations - The debut of Tandem WOLED features advanced RGB stacking technology, achieving up to 4,500 nits of brightness and ultra-low reflectance for enhanced contrast and vivid colors [2]. - LG Display introduced a new Gaming OLED lineup, including a 27-inch UHD model with the world's first 240Hz RGB stripe pixel structure and a 39-inch 5K2K OLED, emphasizing the impact of refresh rates and resolution on immersion [2]. - In the automotive sector, LG Display presented award-winning solutions like Smart Dual View and Embedded Camera Display, along with large-format innovations such as Pillar-to-Pillar and Slidable OLED panels, aimed at enhancing personalized in-car experiences [3]. Group 2: Company Overview - LG Display is a South Korean manufacturer specializing in thin-film transistor liquid crystal display (TFT-LCD), OLED, and flexible display technologies, supplying panels for televisions, laptops, smartphones, and automotive displays [4].

Core Viewpoint - LG Display is set to showcase groundbreaking display technologies at CES 2026, including record-setting Gaming OLED panels with the highest refresh rates and innovative pixel structures [1][2]. Group 1: Product Innovations - LG Display will unveil a 27-inch Gaming OLED panel featuring a refresh rate of 720Hz, the fastest among current Gaming OLED panels, allowing the screen to refresh 720 times per second [3][4]. - The company will also present the world's first 39-inch 5K2K Gaming OLED panel, designed with a 21:9 aspect ratio and 1500R curvature, aimed at providing an immersive viewing experience for content creators [5]. - Additionally, LG Display will introduce a 240Hz OLED panel with an RGB stripe pixel structure, ensuring excellent gaming performance and detailed graphic reproduction at 160 pixels per inch (ppi) [5]. Group 2: Technological Advancements - LG Display plans to implement its new Primary RGB Tandem 2.0 technology across all Gaming OLED panels launching in 2026, enhancing the pixel structure and algorithms for improved performance [6][7]. - The upgraded technology allows Gaming OLED panels to achieve peak brightness of up to 1,500 nits, deliver perfect blacks with HDR True Black 500, and reproduce up to 99.5% of the DIC color gamut, ensuring high picture quality [8]. Group 3: Market Positioning - The company aims to solidify its competitive edge in the OLED market by offering unmatched refresh rates, resolution, and response times, catering to the growing demand for OLED monitors [9].

Core Insights - Daktronics has announced the acquisition of intellectual property, equipment assets, and technical expertise from X Display Company Technology Limited (XDC), enhancing its capabilities in MicroLED technology [1][9] - The acquisition is expected to strengthen Daktronics' competitive position and support its product innovation strategy aimed at accelerating growth [2][5] Acquisition Details - The acquisition includes XDC's proprietary technologies in mass-transfer processes and MicroLED fabrication, enabling advanced display solutions with ultra-fine pixel pitches for large-format video walls and medium-sized commercial displays [9] - Daktronics has also acquired specialized equipment for developing displays with MicroLED and MicroIC technology [9] Market Potential - The Narrow Pixel Pitch (NPP) market, which includes MicroLED technology, is projected to reach $12 billion by 2029 according to Futuresource [5] - The acquisition positions Daktronics to enhance its large-scale NPP product offerings and explore smaller volume display opportunities [6] Talent Acquisition - Daktronics has integrated 15 key employees from XDC, who possess deep expertise in mass-transfer, MicroLED development, and MicroIC design [9] Product Benefits - MicroLED technology offers higher brightness, improved contrast, greater energy efficiency, and a longer lifespan compared to existing technologies like LCD [3] - The acquisition allows Daktronics to develop cost-effective solutions for lower volume applications and provides stability and flexibility in the supply chain [10]

Core Viewpoint - LG Display is set to unveil the world's first 27-inch 4K OLED panel for monitors with an RGB stripe structure and a 240Hz refresh rate at CES 2026, marking a significant advancement in display technology [1]. Group 1: Product Features - The new OLED panel features an RGB stripe structure that minimizes visual distortions such as color bleeding and fringing, enhancing the viewing experience even at close distances [2]. - This panel achieves a 240Hz refresh rate while maintaining the RGB stripe structure, utilizing LG Display's Dynamic Frequency & Resolution (DFR) technology, which allows users to switch between UHD 240Hz and FHD 480Hz modes [4]. - The high pixel density of 160 pixels per inch (ppi) provides exceptional detail and precision, making it suitable for fast-paced applications like first-person shooter games and ensuring excellent text readability [5]. Group 2: Market Strategy - LG Display plans to introduce this new pixel structure in high-end gaming and professional monitor panels, aiming to expand its customer base and product lineup at CES 2026 [6]. - The company currently produces about 30% of the global OLED monitor market panels and leads in key specifications such as refresh rate, response time, and resolution in the gaming OLED panel segment [8]. - The Head of the Large Display Business Unit emphasized that technology is crucial for maintaining leadership in the growing OLED monitor market, with a focus on differentiated technologies that meet customer demands [9].