Group 1 - The Deputy Mayor emphasizes the importance of implementing the spirit of the 20th Central Committee and the key speeches by General Secretary Xi Jinping, focusing on achieving annual goals and leveraging comparative advantages [1] - The company Out of the Door Innovation Technology specializes in generative artificial intelligence and voice interaction, with operations spanning multiple countries and regions [1] - The Deputy Mayor encourages the company to target cutting-edge technologies and niche markets, accelerating technological innovation and application to meet market demands [1] Group 2 - Novozymes Biotechnology Co., Ltd. is dedicated to protein science research and product development, having recently overcome several critical technologies in high-end enzymes and antigens [2] - The Deputy Mayor urges the company to deepen its focus on core technologies and utilize innovation platforms like artificial intelligence to enhance product development and drive innovation results [2] - BOE Technology Group has become a global leader in the semiconductor display field through years of innovation, with the Deputy Mayor visiting their Nanjing facility to discuss investment and development plans [2]

证券日报网讯 12月11日，深天马A在互动平台回答投资者提问时表示，柔性AMOLED技术在手机显示 领域渗透率仍将持续提升，并保持结构性增长，其中大陆OLED面板厂商未来有望进一步提升市场份 额，但阶段性也会面临市场竞争日趋激烈等影响，给行业厂商短期经营带来压力。公司将继续推进 OLED手机产品高端化布局，不断加强在旗舰项目的能力和覆盖，同时积极推进OLED技术在车载、 IT、穿戴等领域的多元化拓展，依托丰富的客户布局、产线能力的持续提升、多维度的极致降本等综合 措施，来持续提升柔性AMOLED业务的规模和盈利水平。 （文章来源：证券日报） ...

Core Viewpoint - The company, Deep Tianma A, has been dedicated to the display field for over 40 years, focusing on the development of its core display business while also actively exploring non-display application technologies based on panel processes and TFT driving technology [1] Group 1 - The company has a long-standing commitment to the display industry, emphasizing its expertise and experience [1] - The company is not only concentrating on its main display business but is also diversifying into non-display applications [1]

闫晓林表示，目前TCL在波兰的研发中心承担了重要的人工智能技术研发任务。国内包括武汉、西安、 香港在内的多个研发中心也已全面转向人工智能技术研发。"我们还会建立一个50人的东欧研发团队， 来深圳和我们一起做垂域多模态大模型。显示面板企业未来的竞争上限，就在于垂域多模态大模型的竞 争力。" 每经广州12月11日电（记者 陈鹏丽） 12月11日上午，TCL科技首席技术官、TCL华星首席技术官、 TCL工业研究院院长闫晓林在TCL全球技术创新大会（TIC2025）上透露，明年TCL在大模型训练上的 预算将大幅提升。 据悉，2025年TCL研发费用预计达150亿元，通过推进落实AI应用创造综合效益超10亿元。 ...

Core Viewpoint - The company, Huaying Technology, is leveraging the advantages of its state-owned shareholder to enhance its financing capabilities and improve corporate governance, which is crucial for its operational development in a competitive display panel industry [1] Group 1: Company Development - The company has acknowledged the intense competition in the display panel industry, which has resulted in profits not covering depreciation due to its smaller production capacity and lack of scale advantages [1] - The company plans to continuously improve its governance structure and enhance management efficiency to adapt to market demands and changes [1] Group 2: Market Strategy - The company aims to adjust its product structure and expand product application areas to achieve differentiated competition [1] - The focus is on promoting high-quality development by aligning closely with market needs [1]

京东方科技集团股份有限公司 投资者关系活动记录表 5、未来资本开支的趋势如何？ 3、OLED 技术在 IT 领域发展情况？ 答：AMOLED 高画质、更轻薄的产品特性，使其成为高端 IT 类产品的重要选择。为更好的应对相关需求，公司于 2023 年 11 月宣布投资建设第 8.6 代 AMOLED 生产线项目，主要生产 笔记本电脑、平板电脑等智能终端高端触控 OLED 显示屏。该 产线量产后，公司将能够同步国际同业，抢占高端市场，进一 步强化公司在显示产业的整体竞争力。 4、公司未来的折旧趋势如何？ 答：目前，公司存量产线折旧减少，考虑到在建产线未来 新增折旧，公司的折旧金额预计在 2025 年达到峰值。公司会持 续优化产品产线定位，进一步提升运营效率，持续改善盈利水 平。 编号：2025-034 | 投资者关系活动类别 | √特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称 | 嘉实基金：陈黎明、安昊 | | | 鹏华基金：曾稳钢 | | | 九泰基金：赵万隆 ...

财信证券研报指出，维信诺回购彰显信心，国资入主夯实长期发展动能。公司专注OLED事业二十余 年，作为第一梯队企业长期引领中国OLED产业发展。公司作为国内OLED中小尺寸面板龙头，有望率 先受益于下游需求逐步回暖以及OLED在终端渗透率的持续提升，业绩逐步好转；同时，公司进行股份 回购，亦彰显了公司对自身长期发展的信心；此外，若本次定增顺利，合肥国资将成为公司控股股东， 有助于增强公司控制权的稳定性，为公司长期业务发展赋能；定增也将有望进一步改善公司现金状况和 债务压力，为公司聚焦前沿技术研发，保持核心竞争力提供资金保障。首次覆盖，给予"增持"评级。 ...

Core Viewpoint - AUO (友达光电) is undergoing a significant transformation from a traditional display panel manufacturer to a vertically integrated solution provider, focusing on three pillars: Display Technology, Mobility Solutions, and Vertical Solutions, driven by AI and sustainability initiatives [3][4][8]. Group 1: Business Transformation - The display business is expected to decrease to less than 50% of total revenue as AUO diversifies its operations into automotive and other sectors [3][11]. - AUO has optimized its product structure internally and expanded externally through acquisitions, such as the purchase of automotive parts manufacturer BHTC, to enhance its business scope [4][19]. - The company has established three subsidiaries focusing on different areas: AUO Display +, AUO Mobility Solutions Corporation, and ADTTech, to drive strategic development [4][8]. Group 2: Product Innovations - At the "Smart AUO Exhibition," the company showcased a range of innovative display products utilizing LTPS, Mini LED, and Micro LED technologies, including various specialized displays for medical and automotive applications [6][10]. - The smart mobility business, which includes in-car displays and control systems, is projected to grow by 20% in revenue in 2024, supported by strong customer demand and new projects [8][19]. Group 3: Market Position and Strategy - AUO's revenue from smart mobility and vertical solutions has reached 44% of total revenue, with a target to exceed 50% by 2027 [11]. - The company is leveraging its existing strengths in semiconductor manufacturing and automation to gain a competitive edge in the Micro LED market, focusing on niche applications in automotive and healthcare [12][14]. - AUO's acquisition of BHTC is aimed at enhancing its service capabilities in the European and American automotive markets, with expectations of significant revenue growth from this segment [19][23]. Group 4: Technological Advancements - Micro LED costs are expected to decrease by 50% every two years, driven by advancements in chip size reduction and manufacturing processes [18]. - AUO has achieved a 95% equipment connectivity rate and a 90% data cloud coverage in its smart manufacturing initiatives, significantly improving production efficiency [26][28]. Group 5: Sustainability Efforts - AUO is committed to building a green and resilient industrial ecosystem, having received national recognition for its digital and green development achievements [28].

Core Viewpoint - BOE Technology Group anticipates growth in TV product shipments for the year, driven by early demand due to national subsidies and export incentives, although the trend towards larger sizes is temporarily slowing due to increased shipments of smaller-sized TVs in emerging markets [1] Group 1: TV Product Shipments - The company expects an increase in both shipment volume and area for the year [1] - Smaller-sized TV product shipments are rising due to demand from emerging markets, leading to a temporary slowdown in the trend towards larger sizes [1] Group 2: IT and MNT Products - IT product shipments are projected to grow rapidly due to replacement demand [1] - MNT product shipments are expected to remain flat year-on-year [1] Group 3: Future Outlook and Capital Expenditure - A decline in capital expenditure and improved cash flow are noted, with plans to repurchase minority shareholder equity based on operational and cash flow conditions [1] - The company will provide updates on the progress of equity repurchases through official announcements [1] Group 4: Market Competition and Product Trends - The domestic OLED market is becoming increasingly competitive, leading to short-term operational pressure due to product structure changes [1] - A decline in shipments of foldable products is expected in the second half of the year, while the demand for LTPO from overseas brands is increasing [1] - Rapid growth in shipments of low-end Ramless products is also observed [1]

京东方科技集团股份有限公司 投资者关系活动记录表 编号：2025-033 | 投资者关系活动类别 | √特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称 | 永赢基金：王乾、郑奇波 | | | 长江证券：谢尔曼 | | 时间 | 2025 年 12 月 5 日 | | 地点 | 京东方核心能力大楼 | | 上市公司接待人员姓名 | 郭 红 副总裁、董事会秘书 | | | 罗文捷 证券事务代表 | | | 吴易霖 董事会秘书室工作人员 | | | 讨论的主要内容为回答投资者提问，问答情况如下： | | | 1、公司如何看待 LCD 产线稼动率情况及产品价格趋势？ | | | 答：回顾今年，年初 TV 产品出货受国补、抢出口刺激需 | | 投资者关系活动主要内 | 求前移，全年出货量、出货面积均有望实现增长；但受新兴市 | | 容介绍 | 场需求带动中小尺寸 TV 产品出货量提升影响，大尺寸化趋势 | | | 阶段性放缓。 | | | IT 产品受换机需求带动，全年出 ...