2025年第一季度，公司电视面板营收占比22%，IT设备（包括显示器、笔记本电脑、平板电脑等） 面板占比35%，移动设备及其他设备面板占比34%，车用面板占比9%。 【译自LG Display官网】 4月24日，LG Display公布2025年第一季度营收。 报告期内，公司实现营收6.065万亿韩元（约人民币307.15亿元），营业利润达335亿韩元（约人民 币1.70亿元）。得益于电视、IT及移动设备等OLED面板出货量的增加以及以及汇率因素的利好， 公司营收同比增长15%。OLED产品在总营收中的占比同比提升8个百分点，达到55%。 在拓展OLED业务和持续推进的降本增效措施加持下，LG Display实现了连续两个季度营业获利。 与去年同期相比，公司成功实现扭亏为盈，盈利能力改善超过5000亿韩元。 在中小尺寸OLED业务领域，公司旨在基于其技术竞争力，进一步巩固在高端市场的地位。 对于移动OLED面板，LG Display计划凭借稳定的供应能力，提升质量、成本等关键竞争力，以扩 大出货量；对于IT用OLED面板，LG Display将重点放在了具有高耐用性、低功耗、长寿命、高亮 度等性能的Tande ...

【WitsView整理】 4月23日，和辉光电向港交所递表，拟在香港主板上市。 资料显示，和辉光电成立于2012年10月，专注于高解析AMOLED半导体显示面板的研发、生产及 销售。公司现有第4.5代和第6代两条现代化AMOLED生产线，其中第4.5代AMOLED生产线主要专 注于智能穿戴及智能手机领域，而第6代AMOLED生产线则重点布局平板/笔记本电脑、车载显示 与智能手机领域。 截至最后实际可行日期，和辉光电由上海联和持股约58.35%，集成电路基金公司持股11.11%，上 海科创持股0.48%，上海金联持股2.99%。其中，上海联和由上海市国资委全资拥有；集成电路基 金公司约由上海科创拥有约30.70%的股权，上海科创由上海国有资本投资有限公司全资拥有，而 上海国有资本投资有限公司由上海市国资委全资拥有。 | | 截至12月31日止年度 | | | | --- | --- | --- | --- | | | 2022年 | 2023年 | 2024年 | | | 人民幣千元 人民幣千元 人民幣千元 | | | | 收入 | 4.190.881 | 3.038.450 | 4,958,312 | | 销 ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was KRW 6,065.3 billion, representing a 15% increase year-over-year [4] - Operating profit was KRW 33.5 billion, an improvement of KRW 509.2 billion year-over-year, marking the first profit in Q1 for eight years, excluding the COVID pandemic period [4] - Q1 EBITDA was KRW 1,231.3 billion with an EBITDA margin of 20%, the highest since Q3 2021 [5] Business Line Data and Key Metrics Changes - Area shipment decreased by 19% quarter-on-quarter but increased by 1% year-over-year due to OLED TV and notebook panel shipment expansion [5] - ASP per square meter was $804, down 8% quarter-on-quarter, but the decline was mitigated by strong OLED performance [6] - Revenue share for mobile and others dipped 8 percentage points quarter-on-quarter to 34%, while IT segment revenue share increased by 7 percentage points to 35% [7] Market Data and Key Metrics Changes - OLED products accounted for 55% of total revenue, an increase of 8 percentage points year-on-year, reflecting the company's shift towards an OLED-centric business model [8] - The company expects a mid-20% decline in area shipment for Q2 due to the discontinuation of the LCD TV business, while ASP per square meter is projected to rise by around 20% [9][10] Company Strategy and Development Direction - The company aims to enhance core competitiveness in OLED technology and maintain a focus on cost efficiency and operational improvements [12][13] - Plans to respond to market changes include strengthening partnerships with global customers and expanding the OLED product portfolio, particularly in high-end segments [17][18] - Investment for 2025 is expected to be around mid- to low KRW 2 trillion, with a focus on maintaining a profit-centric operational stance [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged external uncertainties but noted tangible results from efforts to strengthen core competitiveness [12][13] - The company is closely monitoring market dynamics and is prepared to respond to changes, particularly in the smartphone and IT segments [14][15] - The auto business is expected to grow steadily, with a projected tripling of revenue in three years due to new technologies and expanding customer base [73][74] Other Important Information - Cash and cash equivalents stood at KRW 982.3 billion, which could increase to KRW 2,372.8 billion when including cash from the Guangzhou LCD plant [8] - The sale of the Guangzhou LCD TV plant is proceeding as planned, with payments being received according to the schedule [32][33] Q&A Session Summary Question: Changes in downstream market due to US tariffs - Management is closely monitoring the situation and believes there are currently no critical issues in the supply chain or pricing pressures due to tariffs [29][31] Question: Update on the sale of the LCD TV plant - The sale proceeds remain unchanged, and the plant is operating at full capacity under CSOT [32][33] Question: Adjustments to business plan outlook - The company is maintaining its original business plan but is prepared for potential downstream market volatility [43][44] Question: Impact of competition on shipment volumes and ASP - Despite competition, the company has been able to expand volume through timely supply and cost innovations [44][45] Question: Strategies for large panel OLED business - The focus is on providing a differentiated product portfolio and stringent cost savings to enhance profitability [50][51] Question: Outlook for IT panel demand and competitiveness - The company expects growth in the OLED monitor market and aims to leverage technological strengths to maintain competitiveness [65][66] Question: Short-term and long-term outlook for the auto business - The auto business is expected to grow steadily, with a focus on new technologies and expanding customer base [73][74]

大纲： 1. 中国OLE D面板量产线最新产能列表 期数： 2025年4月刊 分类： 会员服务— OLED市场发展趋势概况 主题 ： Q2'25 中国大陆 OLED 面板产线稼动率或将增至 82% ，环比上升 3 个百分点 概要： 内容涵盖中国大陆OLED面板厂2025年第一季度平均稼动率及主要面板厂稼动率变化状 况， 并对2025年第二季度稼动率进行预测。 2. Q1 '25 中国大陆OLE D产线平均稼动率统计 3. Q1 '25 中国大陆 刚/柔性OLE D面板产线稼动率统计 4. Q1 '25 中国大陆各OLE D厂商投产面积占比统计 5. Q1 '25 B OE京东方OLE D面板产线稼动率统计 6. Q1 '25 TM天马 OLE D 面板产线稼动率统计 7. Q1 '25 Vi s ionox维信诺 OLE D 面板产线稼动率统计 8. Q1 '25 CSOT华星光电 OLE D 面板产线稼动率统计 9. Q1 '25 E DO和辉 OLE D 面板产线稼动率统计 10. Q2'25 中国大陆OLE D面板厂稼动率预测 温馨提示： * 请 会 员 单 位 通 过 会 员 登 陆 平 台 下 载 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][10] Core Views - The company is experiencing a performance recovery point, with significant growth expected in Mini modules and a gradual recovery in display terminals [2][13] - The company has announced a share buyback and incentive plan to anchor growth confidence [9][13] Revenue Analysis - Mini module revenue is expected to grow significantly, with a year-on-year increase of 35% for display modules and a projected doubling in Q4 [7][9] - Display terminal revenue has decreased by 45% year-on-year, but a recovery is anticipated in Q4 [7] Profit Analysis - The company reported a revenue of 259 million yuan in Q1 2025, a year-on-year increase of 3.4%, and a net profit of 46 million yuan, up 31.6% year-on-year [9] - For the full year 2024, the company expects a revenue of 1.183 billion yuan, a slight increase of 0.6% year-on-year, but a decline in net profit by 28.8% [9] Financial Forecast - The company forecasts revenues of 1.505 billion yuan in 2025, representing a year-on-year growth of 27.2%, and net profits of 156 million yuan, up 31.8% [12][13] - The projected gross margin is expected to improve to 22.5% in 2025 [12] Shareholder Returns - The company plans to distribute a dividend of 2.5 yuan per 10 shares, corresponding to a payout ratio of 47% [9] - The incentive plan includes granting 1.2668 million restricted shares to 70 individuals, including 5 executives, with a grant price of 8.36 yuan per share [9]

近年来，Micro LED技术因其在亮度、对比度、响应速度、能效和寿命等方面的卓越潜力，被业界广泛视为下一代显示技术的强有力竞争者。 Micro LED凭借其巨大的技术优势和广阔的应用前景，已成为了各大显示企业竞相投入、加速布局的战略高地。 一场围绕Micro LED的技术研发与 产业化竞赛正在展开。 目前，包括京东方、TCL华星、维信诺、深天马、友达、群创在内的面板企业已在Micro LED领域展开布局，但各面板厂商在Micro LED领域的投 资进度、规模、技术路线以及侧重点上各有不同，展现出多元化的发展态势。 京东方 京东方已在Micro LED领域布局多年，其通过战略控股华灿光电，并配套珠海晶芯项目，构建从上游 IC 设计、中游封装到下游应用的完整产业链 能力。 同时，京东方同时发展基于COG (Chip-on-Glass)和COB(Chip-on-Board) 技术的RGB Mini/Micro LED直显解决方案，以及Mini LED背光解决方案 。此外，京东方还与国际装备公司合作开发巨量转移技术，完成第2.5代巨量转移先导线建设。 2025年3月19日，京东方华灿光电6英寸Micro LED量产 ...

分类： 会员服务 — 显示面板产业月度市场发展趋势概况 主题： Q2'25 国内 TFT-LCD 面板厂平均稼动率可能将回落到 80% 以下 期数： 2025 年 4 月刊 概要： 内容涵盖中国大陆 TFT-LCD 面板厂 2025 年第一季度平均稼动率及主要面板厂稼动 率变化状况，并对 2025 年第二季度稼动率进行预测。 大纲： 1 . 中国G4 . 5 ~G6 LCD面板量产线最新产能列表 2 . 中国G8 . 5 ~G11 LCD面板量产线最新产能列表 3 . Q1 ' 2 5 中国大陆LCD产线平均稼动率统计 4 . Q1 ' 2 5 LTP S LCD面板产线稼动率统计 5 . Q1 ' 2 5 BOE京东方LCD面板产线稼动率统计 6 . Q1 ' 2 5 CSOT华星光电LCD面板产线稼动率统计 7 . Q1 ' 2 5 TM天马LCD面板产线稼动率统计 8 . Q1 ' 2 5 HKC惠科LCD面板产线稼动率统计 9 . Q1 ' 2 5 CHOT咸阳彩虹LCD面板产线稼动率统计 1 0 . Q2 ' 2 5 全球及中国大陆LCD面板厂稼动率预测 温馨提示： * 请 会 员 单 位 通 过 ...

【WitsView整理 】 4月21日， 京东方、天山电子公布了2024年年报， 深天马、华映科技则披露 了2025年第一季度报告。 其中， 京东方、天山电子完成营收与净利润双增长、 深天马实现扭亏为 盈。 京东方 京东方表示，公司LCD主流应用出货量稳居全球首位；柔性OLED器件全年出货量同比增长显著， 多款高端折叠产品实现客户独供。 技术创新引领高端旗舰产品全线升级，产品结构优化效果显著：高端LCD解决方案UB Cell技术迭 代推出黑钻、黑晶产品，引领高端TV新风尚； OLED业务联合客户独家开发全球首款三折叠产品，开创OLED移动终端产品应用新形态。此外， 公司重大项目顺利推进，国内首条第8.6代AMOLED产线提前封顶，新建第6代LTPO LCD产线首款 产品提前点亮。 深天马 2025年第一季度，深天马实现营收约83.12亿元，同比增长7.25%；归属于上市股东的净利润约 9,640.89万元，实现扭亏为盈。 2024年，京东方实现全年营业收入1983.81亿元，同比增长13.66%；归属于上市公司股东的净利润 53.23亿，同比增长108.97%。 2024年，BOE（京东方）显示器件毛利率12 ...

发表日期: 2025.04.21 (单位:美元/片) TrendForce | 应用别 | 尺寸 | 分辨率 | 出货型态 | | | 液晶显示屏价格 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | TEE | 를 | म्येश | 与前月差异(%) | | | 电视 | ee .. M | 3840x2160 | Open-Cell | 173 | 182 | 177 | 0.0 | 0.0% | | | ER .. M | 3840x2160 | Open-Cell | 122 | 130 | 127 | 0.0 | 0.0% | | | 43"W | 1920x1080 | Open-Cell | 64 | 67 | 66 | 0.0 | 0.0% | | | 32"W | 1366x768 | Open-Cell | 35.0 | 37.0 | 36.0 | 0.0 | 0.0% | | 桌上显示器 | 27"W (IPS) | 1920x1080 | LED | 57.5 | 65.6 | 62.9 | ...