经过近一周调研走访、交流学习，近日，第六届中国青年技能营活动在湖北圆满结束。 第47届世界技能大赛烘焙项目冠军李骏飞深有感触地说："感谢国家对技能人才培养的重视，让我们不仅有了更好的训练条件、更多专家指导，还 能拥有广泛学习交流的机会。" 李骏飞说，尽管只有短短几天行程，但自己看到了技能人才在推动着各行业的发展——在制造业，助力"中国制造"向"中国智造"转变；在服务 业，提升了服务标准与质量；在人工智能、新能源等新兴产业，成为国家培育竞争新优势的关键人力资源支撑。 2025年4月25日，技能营在湖北省恩施州芭蕉侗族乡了解制茶工艺。（湖北省人力资源社会保障厅供图） 第47届世界技能大赛选手、各省（区、市）和新疆生产建设兵团技工院校优秀学生代表、港澳台世赛选手代表等约140名技能高手齐聚一堂，触摸 技艺施展的广阔天地，感受技能人才的传承担当。 2025年4月22日，技能营在武汉华工激光工程有限责任公司参观。（湖北省人力资源社会保障厅供图） 技能营实地走访了武汉产业创新发展研究院、武汉华星光电技术有限公司、烹饪（西餐）项目世赛中国集训基地、荆楚非物质文化遗产技能传承 院、国家富硒产品质量检验检测中心等，同期还举办了 ...

有这样一群"逆袭者" 用三十年磨一剑的倔强 壮士断腕的坚决 勇闯深水区的胆识 把"不可能"劈成两半！ 人民日报经济宣传融媒体品牌栏目 《高质量发展故事汇》 第六期上线 让我们跟随镜头 透过三个故事 听中国民营经济研究会会长李兆前 揭秘民营经济如何在时代浪潮中 勇立潮头、大显身手 "敢想、敢干、敢坚持" "下一代显示技术的主动权 攀登珠穆朗玛峰 南坡和北坡难度不同、风光不同 如果"南坡"注定拥挤 我们就要做勇闯"北坡"的开拓者 凭什么不能掌握在中国人手里？" 秉持清华人产业报国的初心 维信诺董事长、总裁张德强博士 以敢想、敢干、敢坚持的 "三敢"宣言 讲述柔性"中国屏"29载逆袭之路 张德强说 李兆前指出 民营企业敏锐、高效、灵活等特征 与科技产业创新高度契合 百年变局下 民营企业加速抢占新赛道新领域 为我国加快培育新质生产力 开创高质量发展新局面赢得主动 "要么被时代淘汰 要么长出新的翅膀" 当传统厨房逐渐冷清 厨电企业如何重新找到自身定位？ 杭州老板电器股份有限公司 副董事长兼总经理任富佳给出答案 苦练内功，做难而正确的事 要么被时代淘汰，要么长出新的翅膀 从传统工厂到"未来工厂" 从拓展生态到深研需求 积 ...

Core Viewpoint - TCL Technology reported a revenue of 165 billion yuan for 2024, representing a year-over-year decline of 5% [1] - The company achieved a gross margin of 11.7%, down 3.0 percentage points year-over-year, and a net profit attributable to shareholders of 1.56 billion yuan, a decrease of 29% compared to expectations of 2.48 billion yuan, primarily impacted by the new energy photovoltaic business [1] - For Q1 2025, TCL recorded a revenue of 40.1 billion yuan, a slight increase of 0.4% year-over-year, with a gross margin of 13.3%, up 1.7 percentage points year-over-year and 2.8 percentage points quarter-over-quarter, and a net profit of 1.01 billion yuan, a significant increase of 322% year-over-year [1] Group 1: Q1 2025 Performance - The display business achieved a revenue of 27.5 billion yuan in Q1 2025, an 18% year-over-year increase, with a net profit of 2.33 billion yuan, up 329% year-over-year and 30% quarter-over-quarter [2] - The improvement in the display business was mainly driven by national subsidy policies, leading to a simultaneous increase in both volume and price of LCD panels [2] - The company maintained a strong position in the large-size panel market, ranking second globally, with the highest market share in 65-inch and 75-inch products, and an increase in the shipment proportion of 65-inch and above products to 58% [2] Group 2: Q2 2025 Outlook - For Q2 2025, the company expects stable prices for large-size LCD panels despite a recent slowdown in customer orders, as production control measures will be implemented [2] - The company anticipates an acceleration in the expansion of mid-size IT and automotive businesses as the T9 production line reaches full capacity, which will further increase the revenue share from mid-size products [2] - The OLED business is expected to see continued improvement in profitability in Q2 2025 due to strong orders from high-quality clients and an increase in the shipment proportion of high-end OLED products [2] Group 3: Target Price and Ratings - The company maintains a target price of 5.80 yuan and a "buy" rating, with a 3% and 32% upward revision of profit forecasts for 2025 and 2026, respectively, to 6.84 billion yuan and 10.63 billion yuan [3] - The introduction of a profit forecast for 2027 is set at 13.73 billion yuan, with expected BPS of 3.20, 3.76, and 4.49 yuan for 2025, 2026, and 2027, respectively [3] - The target price is based on a 1.81x PB for 2025, reflecting a premium over the comparable company average of 0.86x, driven by an increase in global market share of LCD panel capacity [3]

半导体封测龙头日月光投控与面板大厂友达4月30日日均松口规划赴美设厂。日月光投控财务长董宏思 表示，已应客户邀请评估赴美建产能，内部已积极展开讨论，并且"相当有兴趣"；友达董座彭双浪透 露："考虑赴美设后段模组或成品组装厂"。 董宏思透露，已应客户邀请，正评估是否有机会在美国设立运营据点，以支持客户业务发展。不过，目 前尚未有具体投资时程与规模等进一步细节，最终投资拍板与否，关键在于经济规模效益与未来市况， 投资项目预期会是中国台湾现有服务的延伸，但实际细节仍取决于当时的市场情况与经济条件。 谈及关税战的影响，董宏思指出，虽然部分客户提前拉货，但并未观察到客户订单动态出现重大变化， 目前电子代工服务业务直接出货到美国的比重不到10%，可通过移转部分零组件至其他生产据点来应 对。 日月光封测业务直接出货到美国的比重非常低，目前难以具体量化影响，但预期关税的影响对竞争对手 的冲击，将远大于日月光。 展望本季，日月光投控指出，根据对当前业务状况的评估及汇率假设，第二季度封测事业新台币营收将 季增9%至10%，封测事业毛利率将季增1.4至1.8个百分点；EMS新台币营收将年减10%，营益率将年减 1个百分点。法人预估 ...

Core Insights - The 2025 China Industrial Transfer Development Matching Event (Sichuan) will take place from May 8 to 10 in Chengdu, aiming to enhance industrial cooperation and attract more enterprises to Sichuan [1][2] Group 1: Investment and Economic Growth - Over 300 projects have been collected for this year's event, with a total investment exceeding 300 billion yuan, representing more than a doubling in project numbers and over a 70% increase in investment compared to last year [2] - In the first quarter of this year, industrial investment in Sichuan province grew by 18.1% year-on-year, which is 1.6 percentage points higher than the growth rate for the entire previous year [1][3] Group 2: Industrial Development and Support - The establishment of new enterprises has contributed nearly 2 percentage points to the growth of the scale industrial sector in Sichuan during the first quarter [3] - The event will focus on "circle-chain thinking," aiming to create a mutually beneficial industrial chain ecosystem by precisely matching key areas and leading enterprises [3] Group 3: Policy and Project Opportunities - During the event, the Sichuan Provincial Economic Cooperation Bureau will release a list of key investment attraction policies and opportunities for undertaking industrial transfers, with over 100 key projects collected, totaling more than 500 billion yuan in investment [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - The company reported a revenue of 198.38 billion yuan for 2024, representing a year-on-year growth of 13.66%. The net profit attributable to shareholders was 5.32 billion yuan, up 108.97% year-on-year, aligning with previous forecasts. The net operating cash flow reached 47.74 billion yuan, a 24.64% increase year-on-year, with free cash flow exceeding 15 billion yuan, significantly up from 9 billion yuan in 2023 and 7 billion yuan in 2022 [2][6]. - The company announced a shareholder return plan for the next three years, committing to distribute cash dividends of no less than 35% of the net profit attributable to shareholders each year, along with a minimum buyback of 1.5 billion yuan annually, with potential mid-term profit distributions when conditions permit [2][6]. Financial Performance Summary - For Q4, the company achieved a revenue of 54.65 billion yuan, a year-on-year increase of 13.79% and a quarter-on-quarter increase of 8.55%. The net profit attributable to shareholders for Q4 was 2.01 billion yuan, up 32.01% year-on-year and 96.30% quarter-on-quarter. The strong performance in Q4 was driven by domestic market demand stimulated by government policies and increased demand from North American clients [12]. - The company continues to advance its "1+4+N+ecosystem" strategy, with significant innovations in technology and new products. High-end LCD solutions and OLED products have seen substantial sales growth, and the company has established a strong presence in various segments, including smart finance and IoT [12]. - The company expects to reach a peak in depreciation in the upcoming quarters, with a gradual decline anticipated starting in 2028. The current price-to-book (PB) ratio is 1.1X, indicating a high margin of safety for investors [12]. Earnings Forecast - The projected earnings per share (EPS) for the company are 0.22 yuan, 0.32 yuan, and 0.42 yuan for the years 2025, 2026, and 2027, respectively, corresponding to price-to-earnings (PE) ratios of 17.54, 11.99, and 9.08 [12].

Group 1 - The private economy is a vital force in promoting Chinese-style modernization and high-quality development, as emphasized by Xi Jinping's remarks on the broad prospects for private economic development [1][2] - The theoretical policies regarding the private economy have evolved significantly over the past 40 years, reflecting a deepening understanding of its role and importance within the socialist system [2][3] - The number of private enterprises in China has increased to 56.707 million as of January 2025, a 5.2-fold increase since 2012, representing over 92% of all enterprises in the country [3] Group 2 - The private economy has shown significant growth in scale, innovation capability, and market competitiveness, contributing over 70% of technological innovations in the country [3][4] - By 2024, the total import and export volume of private enterprises is expected to reach 24.33 trillion yuan, accounting for 55.5% of China's total foreign trade [3] - The overall economic environment in China remains favorable for the development of the private economy, supported by a robust industrial system and a large consumer market [4][5] Group 3 - The government has implemented a series of policies to optimize the business environment for private enterprises, including the release of the "Opinions on Promoting the Development of the Private Economy" [5] - The political, economic, and social environments are currently very conducive to the growth of the private economy, with a focus on fair competition and legal protections [5][6] - Challenges facing the private economy include cyclical economic issues and external environmental changes, but these are seen as temporary and manageable [6] Group 4 - Companies are encouraged to pursue high-quality development by focusing on core competencies, technological innovation, and improving internal governance [6] - The importance of adapting to market changes and consumer demands is highlighted, with examples of companies successfully transforming through digitalization and innovation [10][12] - The narrative of private enterprises emphasizes the need for a proactive approach to embrace change and enhance competitiveness in a global market [15]

Core Viewpoint - After years of patent disputes, leading companies in the panel (semiconductor display) industry, BOE and Samsung, may be approaching a reconciliation due to narrowing differences over advertising fees and potential collaboration opportunities in the LCD market [2][6][7]. Group 1: Patent Disputes and Market Dynamics - The patent litigation between Samsung and BOE has been ongoing for several years, with a notable deterioration in their relationship since 2022, primarily due to disputes over advertising fees and patent infringements [3][4]. - In 2021, BOE ranked second in the LCD market for Samsung's television screens, but the relationship soured in 2022 when BOE refused to pay the advertising fees demanded by Samsung, leading to a significant reduction in BOE's supply of LCD screens to Samsung [3][4]. - As of April 2023, Samsung Display initiated a new lawsuit against BOE in the U.S., marking the third legal action against BOE in two years, while BOE has also counter-sued Samsung for patent infringement [3][4]. Group 2: Competitive Landscape and Technological Advancements - The competition between BOE and Samsung in the OLED sector has intensified, with BOE's rapid development posing a significant challenge to Samsung's dominance in the OLED market [4][5]. - As of 2023, Samsung holds nearly 30,000 OLED-related patents, while BOE closely follows with approximately 28,000 patents, indicating a narrowing gap in technological capabilities [4][5]. - BOE has surpassed LG Display in the automotive OLED shipment volume and has successfully entered the supply chains of major smartphone manufacturers like Xiaomi, Huawei, and Apple [5]. Group 3: Potential Reconciliation and Future Collaboration - With major Korean panel manufacturers exiting the LCD market, Samsung and LG may become key customers for BOE's LCD products, prompting discussions of potential reconciliation [6][7]. - Samsung's strategy includes diversifying its LCD supply chain and improving its business relations in China, making reconciliation with BOE a priority [6][7]. - The upcoming discussions between BOE and Samsung are expected to address not only patent fee negotiations but also how to manage marketing costs associated with television sales, which could lead to a more collaborative relationship [6][7].

Core Viewpoint - The panel industry has shown strong performance in Q1 2025, with major companies like TCL Technology and BOE reporting significant revenue and profit growth, driven by demand for large-sized panels and favorable government policies [1][2][3]. Company Performance - TCL Technology reported Q1 2025 revenue of 40.1 billion yuan and a net profit of 1.01 billion yuan, marking a year-on-year increase of 322% [1]. - BOE achieved Q1 2025 revenue of 50.6 billion yuan, a 10.27% increase year-on-year, with a net profit of 1.614 billion yuan, up 64.06% [1]. - Deepin Technology recorded Q1 revenue of 8.312 billion yuan, a 7.25% increase year-on-year, and turned a profit with a net profit of 96.41 million yuan [1]. Industry Trends - The panel industry experienced a "good start" in Q1 2025, with supply-side production adjustments and demand-side policies contributing to growth [1][2]. - The average utilization rate of the industry exceeded 80% in Q1 2025, indicating a recovery in production capacity [4]. - The trend towards larger panel sizes and the impact of government subsidies have driven demand growth, with main product prices performing better than in 2024 [2][3]. Future Outlook - Analysts expect a decline in terminal demand in Q2 2025 due to changes in the external trade environment, but companies are adapting through flexible production and capacity adjustments [1][4]. - The panel industry is shifting from competition based on scale and market share to a focus on high-margin applications, high-value products, and advanced technologies [7]. - TCL Technology and BOE are expanding their investments in OLED and MLED technologies, aiming to enhance their competitive edge and market presence [6][7].

Group 1 - The core viewpoint of the articles highlights the rapid development and innovation in the automotive display market, particularly focusing on the advancements in AMOLED technology and its applications in smart cockpits [1][16] - The car-mounted display market in China is projected to reach 110 billion yuan by 2025, with a global growth rate of 8% from 2024 to 2028 [1] - OLED penetration in the automotive display market is expected to increase from 2.3% in 2023 to over 12% by 2028 [1] Group 2 - Visionox has launched several innovative automotive display solutions, including the world's first flexible AMOLED sliding central control screen, which measures 14.2 inches and weighs less than 250 grams [2] - The company also introduced a directional sound technology integrated with AMOLED displays, allowing for sound to be directed within a narrow 15-degree angle, enhancing privacy and reducing noise interference [4][6] - Visionox's transparent automotive display solutions enable the windshield to serve dual functions for driving and entertainment, significantly improving user experience [7] Group 3 - The introduction of a transparent A-pillar display by Visionox reduces blind spots, enhancing driving safety [9] - The company showcased a 14-inch flexible AMOLED smart skin product that can blend into the vehicle's interior when not in use, maintaining aesthetic appeal while providing high-resolution touch capabilities [12] - Visionox's C-shaped and L-shaped AMOLED screens are designed to minimize touch errors and optimize space within the vehicle, aligning with the "zero intrusion" design philosophy [14]