Core Viewpoint - The innovative dual-sided screen developed by Shenzhen-based company, Unilumin Technology, has gained significant attention on social media, showcasing the power of "hard technology" in enhancing consumer experiences in urban settings [1][3]. Group 1: Product Innovation - The UslimS2 series, designed specifically for high-level transportation hubs, has achieved breakthroughs in weight, safety, and energy consumption, demonstrating how "hard technology" can elevate consumer, cultural, and entertainment experiences [3][4]. - The product's weight has been reduced by over 40%, thickness compressed to 48.2 mm, and energy consumption lowered by 45%, while passing multiple safety tests including fire, shock, and drop resistance [5][4]. - The design incorporates features such as a heat dissipation system, anti-short circuit circuits, and a magnetic module that does not attract dust, ensuring reliability in high-traffic environments [5][10]. Group 2: Market Response and Expansion - Following the identification of customer needs in February 2023, the project was initiated in April, with the first sample completed by July 2023, and deployment scheduled for 2024 at the Baoan Airport departure hall [7][8]. - The product has attracted procurement interest from various transportation hubs across the country, indicating a strong market demand for high-end transportation solutions [7][11]. Group 3: Industry Positioning and Strategy - Unilumin Technology has transitioned from merely selling products to offering comprehensive system solutions, reflecting a shift in customer expectations towards integrated solutions that perfectly fit specific scenarios [10][8]. - The company invests 5% of its annual revenue in R&D, with nearly 20% of its workforce dedicated to research, enabling it to respond swiftly to market demands and introduce over 10 new products each year [10][12]. - The rise of Unilumin Technology is part of a broader trend in Baoan, where local manufacturers are achieving technological breakthroughs and brand premiumization, contributing to the region's shift from "manufacturing" to "intelligent manufacturing" [11][12].

Core Viewpoint - Peng Xuhui has resigned from his position as Chairman of Deep Tianma after nearly four years, with the company announcing the leadership change due to work adjustments [1][2]. Group 1: Leadership Changes - Peng Xuhui submitted his resignation as Chairman and General Manager, effective immediately, and will not hold any positions within the company or its subsidiaries post-resignation [1]. - Cheng Wei has been elected as the new Chairman of the company, also due to work adjustments, with his term lasting until the end of the current board's tenure [1]. Group 2: Company Background - Deep Tianma is an innovative technology enterprise providing customized display solutions globally, focusing on mobile displays and automotive displays as core businesses, with IT displays as a key growth area [6]. - The company has faced significant financial challenges in recent years, reporting a loss of 2.1 billion in 2023, but showed signs of recovery with a revenue of 33.49 billion in 2024, a year-on-year increase of 3.79% [6]. Group 3: Financial Performance - In 2024, Deep Tianma reported a net profit attributable to shareholders of -669 million, an improvement of 1.429 billion compared to the previous year [6]. - The first quarter of 2025 showed a turnaround with revenue of 8.31 billion, a year-on-year growth of 7.25%, and a net profit of 96.41 million [6]. - As of June 20, 2023, the company's stock price was 7.94, with a total market capitalization of 19.515 billion [6].

Industry Overview - In the first four months of the year, China saw the introduction of 8.09 million new consumer products, bringing the total number of consumer goods to over 200 million, indicating a significant increase in both quantity and technological sophistication [1] Flexible Display Technology - The flexible display, referred to as OLED flexible screens, is a key innovation in the smartphone industry, allowing for devices that can fold and bend, enhancing user experience and functionality [2][5] - The production of flexible screens involves nearly 1,000 processes and takes over 20 days, with factories operating at 100% automation and covering an area equivalent to 100 football fields [7] - The thickness of these flexible screens can be as low as 0.187 mm, making them thinner than traditional screens, which can be up to one-third thicker [7][9] Market Trends and Projections - Currently, 40% of smartphones sold are equipped with flexible screens, reflecting their growing popularity and market penetration [9] - The OLED display panel and module market in China is projected to exceed 100 billion RMB in 2024, with a year-on-year growth of 38% and a 52% share of the international market [16] - By 2025, the global market for foldable phones is expected to grow significantly, with China's market shipment projected to exceed 12 million units, capturing half of the global market share [18] Supply Chain and Economic Impact - The production of flexible screens has led to a complete and reliable supply chain, with advancements in domestic materials reducing reliance on imports and enhancing cost-effectiveness [12][14] - The flexible screen industry has generated over 200 billion RMB in investments, involving more than 500 companies and creating over 100,000 jobs [19]

| (单位:美元/片) | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 应用别 | ਮਹੇ | 分辨率 | 出货型态 | | | 液晶显示屏价格 | | | | | | | | 机 | 를 | म्येश | 与前月差异(%) | | | 电视 | ee .. M | 3840x2160 | Open-Cell | 171 | 180 | 176 | -1.0 | -0.6% | | | 22.1M | 3840x2160 | Open-Cell | 121 | 129 | 126 | -1.0 | -0.8% | | | 43"W | 1920x1080 | Open-Cell | ୧3 | 66 | રેર | -1.0 | -1.5% | | | 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 | 57.6 | રે જ | 63.0 | 0.0 ...

根据Tr endFor c e集邦咨询最新调查，尽管总体经济情势面临压力，但OLED显示器面板买卖双 方皆态度积极，继2024年迎来爆发性的132%年成长后，预计这股出货动能将延续至2025年， TrendForc e集邦咨询因此上修今年OLED显示器面板出货量，由280万片调整至340万片，年增 从40%上升至69% 。 点击右边 阅读原文 了解更多详情 库存去化影响1Q25前五大企业级SSD品牌的营收，待AI需求推动逐季回升 根据Tr endFor c e集邦咨询最新调查，2025年第一季因新一代AI产品在组装环节遭遇挑战，以及 北美地区长期累积的库存仍待消化等因素，主要客户皆大幅缩减订单规模， Ent e rpr is e SSD （企业级固态硬盘）平均售价因此显著下滑近20%，导致前五大Ent e rpr is e SSD品牌厂第一季 营收皆呈现季减 ，显示市场历经一段调整期。 电竞需求强劲，2025年OLED显示器面板出货年增率上调至69% PS:当您需要在报道中引用TrendForce集邦咨询提供的研报内容或分析资料，请注明资料来源为TrendForce集邦咨询。 近期⽂章精选 TrendForc ...

Core Viewpoint - The company, Guangzhou Shiyuan Electronic Technology Co., Ltd. (referred to as Shiyuan), has submitted an application for listing on the Hong Kong Stock Exchange, aiming to issue H-shares and list on the main board [2][4]. Financial Performance - Shiyuan's revenue for the years 2022, 2023, and 2024 is approximately RMB 20.99 billion, RMB 20.17 billion, and RMB 22.40 billion respectively, with corresponding profits of RMB 2.12 billion, RMB 1.40 billion, and RMB 1.04 billion [4][5]. - The company has seen a rising trend in overseas revenue, with the overseas revenue proportion expected to continue increasing in 2024 [5][6]. Market Position - Shiyuan is recognized as a leading expert in intelligent control technology and commercial display devices, with a product ecosystem covering various sectors including white goods, automotive, energy storage, and robotics [4][6]. - The company operates in over 100 countries and regions, primarily marketing its brands, Seewo and MAXHUB, in the education and corporate collaboration sectors [6][7]. Product and Brand Analysis - In the education interactive smart panel market, Seewo holds a market share of 17.5%, while in the meeting interactive smart panel market, MAXHUB has a market share of 9.9% [7][9]. - The global sales volume for education interactive smart panels is projected to reach 2.30 million units in 2024, with Seewo leading at 18.4% market share [7][9]. Research and Development - Shiyuan places significant emphasis on research and development, with a total of 6,693 employees as of the end of 2024, of which 3,849 are technical personnel, accounting for 57.5% of the workforce [12]. - The funds raised from the IPO will be allocated to support product development and enhance the product portfolio to meet diverse global customer needs in education and enterprise services [12].

01 本周上市企业： 调味品龙头海天味业正式登陆港交所主板 完成"A+H"股上市 北京时间6月19日，来自广东佛山的调味品企业——海天味业，正式在港交所主板挂牌上市。该公司致力于向用户提供品质、美味、健康的消费体验，服 务全球用户厨房及餐桌的调味需求。此次IPO，海天味业共发行2.79亿股股份，总募集资金约101.29亿港元。截至定稿，该公司市值为2123亿港元。中金 公司、高盛、摩根士丹利为其联席保荐人。 02 本周递表企业： 香港手游开发商黑瞳科技赴美IPO 拟纳斯达克挂牌上市 美国东部时间6月13日，来自香港的手游开发商——黑瞳科技递表美国证券交易委员会（SEC），拟纳斯达克挂牌上市。该公司成立于2018年，通过各种 第三方数字商店开发、发行和运营移动数字游戏。其业务范围涵盖游戏设计、编程和图形制作，以及在各种平台上发行和运营移动游戏。此次IPO，黑瞳 科技计划发行150万股股份，拟募集资金约600万美元。 尼龙制品制造商佳美新材递表SEC 拟纳斯达克挂牌上市 美国东部时间6月17日，来自福建福州的尼龙制品制造商——佳美新材，向美国证券交易委员会（SEC）递交IPO招股书，拟纳斯达克挂牌上市。该公司通 ...

| TrendForce | | --- | | 应用别 | 尺寸 | 分辨率 | 出货型态 | | | 液晶显示屏价格 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (FF | 를 | 均价 | 与前月差异(%) | | | 电视 | es "M | 3840x2160 | Open-Cell | 171 | 180 | 176 | -1.0 | -0.6% | | | SE .. M | 3840x2160 | Open-Cell | 121 | 129 | 126 | -1.0 | -0.8% | | | 43"W | 1920x1080 | Open-Cell | રેઝ | 66 | રેર | -1.0 | -1.5% | | | 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 | 57.6 | 65.8 | 63.0 | 0.0 | 0.0% ...

答：公司将车载显示作为战略核心业务之一，凭借在车载显示领域 30 年的深耕细作，拥有了从车载研发、制造、质量、营销、供应链管理等各方 面的专业团队，打造了具有强竞争实力的车载专业体系能力。公司是国内最 早进入全球车载显示领域的领军企业之一，产品基本实现中系、欧系、美系、 日韩系等国际主流品牌全覆盖，并多年获得客户奖项认可。自 2020 年起， 公司连续 5 年保持全球车规 TFT-LCD、车载仪表显示出货量全球第一，车载 抬头显示（HUD）在 2024 年首次登顶全球第一，支持国内外多款旗舰和明 星车型首发，2024 年公司车载业务营收同比增长超 40%，2025 年一季度， 公司车载业务持续保持了良好的增长表现。 公司将充分利用现有的 LTPS 产线及 OLED 产线资源及积累，加速推进 新技术向车载显示领域拓展。在此基础上，公司为车载显示业务引入新投建 的第 8.6 代线（TM19）和新型显示模组产线（TM20）等先进产能，厦门 Micro-LED 产线也将车载显示作为重要应用方向之一，着力强化车载显示整 体解决方案能力、先进车载显示技术研发能力和前沿技术商用化能力，持续 加强短中长期的技术优势。未来，公 ...

Core Viewpoint - The shipment volume of small to medium-sized display panels is expected to decline by 10% quarter-on-quarter and 6% year-on-year in the second quarter of 2025, primarily due to inventory adjustments by manufacturers of devices such as smartwatches and smartphones [1] Group 1 - The decline in shipment volume is attributed to business and inventory adjustments made by manufacturers of small to medium-sized display applications [1] - Manufacturers had previously increased panel inventory significantly in the fourth quarter of 2024 and the first quarter of 2025 due to tariff risks [1] - As concerns over tariffs eased in the second quarter of 2025, device manufacturers adopted a more conservative procurement strategy, leading to a reduction in panel shipments [1]