Core Insights - HKC Corporation gained significant attention at CES 2026, showcasing its theme "Powering the Next Era of Play & Creation" with a focus on display technology for professional creation, gaming, and esports [2][6] Product Highlights - The M10 Ultra, the world's first monitor with RGB MiniLED backlighting, features UHD resolution, dual refresh modes up to 165Hz and 330Hz, peak HDR brightness of 1600 nits, and supports multiple color spaces, attracting professional creators and gamers [3] - The M9 Pro, HKC's first 5K AI gaming monitor, combines 5K resolution, MiniLED backlighting, Fast IPS technology, and AI-powered AIPQ image optimization for advanced workflows [3] - KOORUI brand showcased multiple OLED products, including the S4941XO 49-inch ultra-wide OLED monitor with DQHD resolution and 240Hz refresh rate, and the S3241XO 4K 240Hz OLED monitor for gaming and professional use [4] - ANTGAMER's esports zone featured the ANT275PQ Ultra, ANT275ZQE OLED dual-mode monitor, and the ANT257PF, the world's first 750Hz gaming monitor, emphasizing ultra-high refresh rate performance [5] Market Engagement - HKC's booth attracted buyers and partners from various overseas markets, indicating strong commercial interest and ongoing discussions about future collaborations [6]

当前，OLED显示器市场呈现蓬勃发展态势，出货量显著攀升。回顾2025年，持续有新品牌加入 OLED显示器市场，不断有新规格的产品出现，售价也在持续创新低。 新品牌持续加入OLED显示器市场 在2025年，不论是QD-OLED阵营还是W-OLED阵营，均吸引了新的品牌加入。QD-OLED阵 营，在2025年有6个新品牌加入，分别是惠普（HP）、宏基（Acer）、技嘉（GIGABYTE）、优 派（ViewSonic）、联想（Lenovo）和联合创新（Inno&cn）。W-OLED阵营，在2025年有1个 新品牌加入，是索尼（Sony）。 值得关注的是，联想旗下的子品牌来酷（Lecoo）和拯救者（Legion），在2025年双11促销前， 合计发布7款QD- OLED 显示器器新品，产品尺寸集中在OLED显示器的主流尺寸27吋和32吋。 来酷（Lecoo）发售4款27吋QD- OLED 显示器，分辨率包含2K和4K，其中2K产品的分辨率包 含280Hz、360Hz和500Hz。 拯救者（Legion）发售3款QD- OLED 显示器，尺寸包含27吋和32吋，其中27吋产品的分辨率 包含2K和4K。 OLED显示器 ...

Core Insights - TCL CSOT introduces a comprehensive product vision under the APEX philosophy, focusing on advancements in image fidelity, eye care, sustainable design, AI-driven innovation, and next-generation form factors [2][10] Group 1: Innovative Display Products - TCL CSOT showcases multiple innovative display products at CES 2026, including the world's first sliding and multi-curved IJP OLED automotive display (28 inches) and the world's first real stripe RGB IJP OLED mobile display (5.65 inches) [2][8] - The HVA Ultra Infinity View TV Display (98 inches) features 18,000 backlight zones and wide BT.2020 color coverage, enhancing the home cinema experience [6] - The world's first natural-light-certified OLED mobile display (6.89 inches) and the world's first PFAS-free notebook display (14 inches) highlight TCL CSOT's commitment to eye health and environmental safety [6][8] Group 2: APEX Philosophy - The APEX philosophy encompasses four key areas: Amazing Display Experience, Protective of Eye Health, Eco-friendly to Build and Use, and X-Unlimited Imaginative Potential [2][3] - Innovations aimed at protecting eye health include optical technologies that mimic natural light, reducing eye fatigue [4] - Eco-friendly initiatives focus on using safer materials and smarter power management to minimize environmental impact [5] Group 3: AI Integration - TCL CSOT employs AI to enhance display manufacturing, with a strategy of "AI for Display" and "Displays for AI," improving product issue analysis by 20% and materials development by 30% [9] - The introduction of XIntelligence 3.0, the industry's first large AI model for display technology, signifies a major advancement in the integration of AI with display systems [9] Group 4: Future Vision - TCL CSOT positions itself as a leader in the future display landscape by combining cutting-edge engineering with human-centric design [10] - The company aims to collaborate with global partners to create a smarter, healthier, and limitless visual future [10]

1月2日， 群创光电宣布，公司 将于1月6日至8日在美国拉斯维加斯，以"Display the Future, TOGETHER"为主题，发布一系列 全新 显示技术解决方案。 同时，针对车载与航海应用，群创推出了"超高亮度Micro LED抬头显示器（HUD）"。该设备具 备50,000尼特的直显亮度与10,000尼特的反射虚像亮度， 可 解决强光环境下的影像反射与模糊 问题，能够清晰投射航道或导航 信息 ，提升操作安全性。 此外，"Micro LED隐视显示器"则结合了木纹设计与显示功能，关闭时为普通内饰板，开启后则 透过特殊光学设计呈现高亮度（2000 nits）与高色域（115% NTSC）的显示画面，适用于车舱 或船舱内装整合。 在3D显示与零售应用领域，群创将展示"65英寸多人用N3D & Kirameki显示器"。该款8K显示器 结合了N3D多视角裸眼3D技术与Kirameki算法，支持多人同时观看3D内容，并强化了物体光泽与 材质纹理的呈现，主要面向零售精品展示与数字广告市场。 超高亮度Micro LED抬头显示器 此次展示重点涵盖智慧零售、座舱显示、智慧家居及商业展示等应用领域，主要展品包括新 ...

Core Viewpoint - The company, Visionox (维信诺), is actively advancing its Micro-LED technology through its subsidiary Chengdu Chenxian, focusing on commercial display applications and product innovation [1] Group 1: Product Development - The company has launched the world's first 108-inch P0.7 TFT-based Micro-LED display [1] - Multiple domestic and international first Micro-LED splicing screens have also been introduced [1] Group 2: Market Strategy - The company plans to promote the mass production of innovative results based on production line capabilities and customer demand [1]

Financial Data and Key Metrics Changes - Third-quarter revenue was $140 million, down from $162 million in Q3 2024, reflecting a decline of approximately 13.6% [11] - Operating profit for Q3 was $43 million, resulting in an operating margin of 31%, compared to $67 million and 41% in the prior year [13] - Net income for Q3 was $44 million, or $0.92 per diluted share, down from $67 million, or $1.40 per diluted share in Q3 2024 [14] - Full-year revenue guidance is now expected to be around the lower end of the range of $650-$700 million [4][11] Business Line Data and Key Metrics Changes - Total material sales in Q3 were $83 million, consistent with the prior year, while green emitter sales increased to $65 million from $63 million [11][12] - Red emitter sales decreased to $17 million from $20 million in Q3 2024 [12] - Royalty and licensing fees were $53 million, down from $75 million in the prior year, impacted by an out-of-period adjustment of $9.5 million [12] Market Data and Key Metrics Changes - The OLED market is projected to grow significantly, with IT applications expected to see a 170% increase in OLED units from 2024 to 2028 [7] - OLED smartphone growth is forecasted at 14%, while OLED TVs are expected to grow by 11% [8] - New Gen 8.6 OLED fabs in Korea and China are set to come online, marking a pivotal growth stage for medium-sized OLED manufacturing capacity [8] Company Strategy and Development Direction - The company announced a definitive agreement to acquire OLED patent assets from Merck KGaA for $50 million, expected to close in January 2026, enhancing its R&D capabilities [5] - The focus remains on innovation, with a strong emphasis on AI and machine learning to accelerate material discovery and broaden the product portfolio [5][16] - The company aims to lead the OLED industry into a new growth era, emphasizing energy efficiency and sustainability through its phosphorescent blue technology [9][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about renewed momentum and growth in Q4, driven by technology leadership and strong customer relationships [16] - Despite macroeconomic uncertainties, the OLED industry is entering a dynamic phase of expansion, particularly in IT applications [6][19] - The company is committed to advancing OLED technology and expanding into new markets, leveraging its core expertise [18] Other Important Information - The company ended the quarter with approximately $1 billion in cash and equivalents, and a quarterly dividend of $0.45 was approved [14][15] - The company celebrated the grand opening of its new global headquarters and R&D center in Singapore, focusing on emerging markets [18] Q&A Session Summary Question: Insights on Q4 revenue strength - Management indicated that forecasts from customers suggest growth in Q4, contributing to confidence in achieving revenue guidance [23] Question: Growth trajectory into 2026 - Management highlighted optimism for growth due to new capacity coming online and ongoing customer announcements regarding OLED adoption [25] Question: Status of LG Display contract negotiations - Management confirmed ongoing discussions with LG Display for a new contract, expecting a renewal given the long-term partnership [27] Question: Impact of phosphorescent blue on BOM costs - Management noted that Universal Display represents a small portion of the bill of materials for displays, even in tandem structures [29] Question: Changes in end market outlook - Management stated no significant changes in end markets for the current year, but highlighted growth potential in IT and foldable smartphone segments [34]

Financial Performance - TCL Technology Group reported a revenue of 135.9 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 10.5% [1] - The net profit attributable to shareholders reached 3.05 billion yuan, showing a significant increase of 99.8% year-on-year [1] - The core panel business, TCL Huaxing, contributed 78.01 billion yuan in revenue and 6.1 billion yuan in net profit, with year-on-year growth rates of 17.5% and 53.5% respectively [1] Business Segments - The display business exhibited balanced and rapid growth, with the TV and commercial display market share increasing to 25%, maintaining a leading global profit level [1] - In the IT product line, notebook panel sales surged by 63%, and monitor sales grew by 10% year-on-year [1] - In mobile terminals, the market share of tablet panels rose to second globally, while LCD mobile panel shipments increased by 28% [1] - The automotive display sector also experienced rapid growth [1] Technological Advancements - TCL Technology is accelerating the commercialization of advanced display technologies, with the construction of the 8.6 generation printed OLED production line recently commenced [2] - The G5.5 generation printed OLED production line is steadily increasing capacity, with products already applied in the medical display field, and mass production expected in the first half of next year [2] - The company’s Micro LED technology is set to achieve mass production and stable delivery by the end of this year, positioning it to seize opportunities in the new display technology cycle [2] Global Expansion - TCL Technology's capacity layout and globalization strategy are progressing steadily, with the t11 and t9 production lines forming a complementary structure covering mainstream and high-end markets [2] - In the overseas market, the TV large-size products in India have doubled in growth, and a new module factory in Vietnam is expected to start bulk shipments in the fourth quarter, providing new growth points for overseas business [2]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [4] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [4] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [5] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [5] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [7] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [7] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [6] - The share of OLED products out of total revenue was 65%, up 9 percentage points QoQ [6] - TV segment revenue share was 16%, down 4 percentage points QoQ [6] - Auto segment's share was 8%, down 2 percentage points QoQ [6] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [5] - ASP per square meter was $1,365, up 29% QoQ [5] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [8] Company Strategy and Development Direction - The company is focusing on an OLED-centered business structure upgrade and cost innovation [10] - Plans to expand panel shipments in the small mobile business and invest in new technologies for IT OLED [12] - In the IT LCD business, the company aims to reduce low-margin products while focusing on B2B and high-end segments [13] - The company intends to maintain strong partnerships with strategic customers to solidify its market leadership [21] Management's Comments on Operating Environment and Future Outlook - Management expects external uncertainties and shipment volatility to persist in Q4 [11] - The company plans to address challenges by prioritizing business efficiency initiatives [11] - OLED products revenue share is expected to remain stable QoQ in Q4, with an annual share projected at a low 60% level [11] Other Important Information - The company plans an additional workforce improvement program in Q4 as part of ongoing cost innovation efforts [11] - Capex for the year is expected to be in the high KRW 1 trillion range, below last year's level [14] Q&A Session All Questions and Answers Question: Does the company believe it has the structure to sustain current business performance? - The company has improved performance through internal capabilities and cost innovation, aiming for stable performance moving forward [19][21] Question: How will the company respond to potential pressure to lower ASP due to macro uncertainties? - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [22] Question: What is the market reception for new models by the North American customer? - The company has achieved stable performance and positive reception for new models, with potential changes in shipment plans based on market trends [26] Question: What is LG Display's strategy for the foldable smartphone panel business? - The company is maximizing supply volume for existing products while preparing for potential market growth in foldable smartphones [33] Question: What are the plans for the LCD IT business amidst intensifying competition? - The company is focused on maintaining profitability by selecting strategic customers and downsizing low-margin models [38] Question: What is LG Display's strategy for the OLED TV business in light of competition? - The company projects growth in OLED panel shipments and aims to strengthen competitiveness through cost innovation and partnerships [43]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [4] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [4] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [5] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [5] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [7] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [7] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [6] - The share of OLED products out of total revenue was 65%, up 9 percentage points QoQ [6] - TV segment revenue share was 16%, down 4 percentage points QoQ [6] - Auto segment's share was 8%, down 2 percentage points QoQ [6] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [5] - ASP per square meter was $1,365, up 29% QoQ [5] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [8] Company Strategy and Development Direction - The company is focusing on an OLED-centered business structure upgrade and cost innovation [10] - Plans to ensure stable operations in the small mobile business by expanding panel shipments [12] - In the IT LCD business, the focus is on reducing low-margin products while enhancing high-end segments [14] - The company aims to solidify its leadership in the premium market for large panels [15] Management's Comments on Operating Environment and Future Outlook - Management expects external uncertainties and shipment volatility to persist in Q4 [11] - The company plans to address challenges by prioritizing business efficiency initiatives [11] - OLED products revenue share is expected to remain stable QoQ in Q4 [11] Other Important Information - The company plans an additional workforce improvement program in Q4 as part of cost innovation efforts [11] - CapEx for this year is expected to be in the high KRW 1 trillion range, below last year's level [15] Q&A Session Summary Question: Sustainability of Business Performance and Market Outlook - The company believes it has the structure to sustain business performance and expects to improve profitability by another KRW 1 trillion this year [20][21] Question: Response to ASP Pressure and Future Growth Strategy - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [22] Question: Market Reception of New Models and Shipment Outlook - The company has seen positive reception for new models and expects to further expand performance from last year [27][28] Question: Strategy for Foldable Smartphone Panel Business - The company is preparing for potential market growth and maximizing supply volume for existing products [34] Question: LCD IT Business Strategy - The company is focused on maintaining profitability by downsizing low-margin models and enhancing high-end lineups [39] Question: OLED TV Business Strategy - The company projects a mid 6 million unit level of large OLED panel shipment this year, expecting growth to 7 million units next year [44]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was KRW 6.957 trillion, up 25% QoQ and 2% YoY [3] - Operating profit reached KRW 431 billion, improving by over KRW 500 billion QoQ and YoY [3] - Net income was KRW 1.2 billion, influenced by foreign currency translation gains [4] - EBITDA in Q3 was KRW 1.4239 trillion with an EBITDA margin of 20% [4] - Cash and cash equivalents stood at KRW 1.555 trillion, largely unchanged QoQ [6] - Debt-to-equity ratio was 263%, down 5 percentage points QoQ [6] Business Line Data and Key Metrics Changes - Mobile and others segment revenue share reached 39%, up 11 percentage points QoQ [5] - The TV segment's revenue share was 16%, down 4 percentage points QoQ [5] - The auto segment's share was 8%, down 2 percentage points QoQ [5] - OLED products accounted for 65% of total revenue, up 9 percentage points QoQ [5] Market Data and Key Metrics Changes - Area shipment fell 1% QoQ despite growing shipments of small and medium OLED products [4] - ASP per square meter was $1,365, up 29% QoQ [4] - Total area shipment is projected to grow in low single-digit percentage QoQ for Q4 [7] Company Strategy and Development Direction - The company is focusing on an OLED-centric business structure and cost innovation to enhance profitability [8] - Plans to expand panel shipments in the small mobile business and invest in new technologies for IT OLED [10] - The company aims to solidify its leadership in the premium market with a diverse lineup of OLED panels [11] - Continuous growth in the auto segment is expected due to expanding in-vehicle display adoption [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges external uncertainties and competition but remains optimistic about improving profitability [9] - The company plans to address challenges by prioritizing business efficiency initiatives [9] - Expectations for stable performance in the OLED market despite macro uncertainties [17] Other Important Information - A workforce improvement program is planned for Q4, expected to have a more significant impact on financial performance than the previous quarter [9] - The company is maintaining a cautious approach to capital expenditures, focusing on future preparedness [12] Q&A Session Summary Question: Sustainability of Business Performance - Management believes the company has the structure to sustain performance and anticipates a change in the OLED market dynamics [15][16] Question: Response to ASP Pressure - The company will maintain an optimum pricing strategy while upgrading product mix and continuing cost innovation [18] Question: Market Reception of New Models - The reception for new models is generally positive, with potential adjustments in shipment plans based on market trends [21][22] Question: Strategy for Foldable Smartphone Panels - The company is preparing for potential market growth in foldable smartphones while maximizing supply volume for existing products [26][27] Question: LCD IT Business Strategy - The company is focused on high-end LCD technologies and maintaining profitability while downsizing low-margin models [30][31] Question: OLED TV Business Strategy - The company projects growth in OLED panel shipments and aims to strengthen competitiveness through cost innovation [34][35]