Core Insights - The display technology is rapidly transitioning from "rigid" to "flexible," with flexible displays being increasingly utilized in consumer electronics, commercial spaces, and smart interactions [1] - Recent advancements include the development of high-performance stretchable polymer light-emitting diodes (PLED) by a research team from the Chinese Academy of Sciences, and a prototype of a stretchable display by LG Display, capable of approximately 53% deformation [1] Group 1: Flexible Display Technology - Flexible displays are not merely traditional glass screens bent; they require a multi-layered structure where each layer must possess flexibility to ensure overall bending and folding while maintaining display quality and durability [2] - Key components include flexible substrate materials, core electronic components, and packaging technology, all of which must innovate collaboratively [2][3] - Common flexible substrate materials include polyimide and polyester, which can be as thin as 0.1 mm and withstand high temperatures and thousands of folds without deformation [2] Group 2: Core Electronic Components - Core electronic components such as thin-film transistors (TFT) and organic light-emitting diodes (OLED) rely on high-performance electronic materials, including oxide semiconductors and organic semiconductors [3] - These components work together to ensure rapid current flow, self-emission of light, and effective stress release during bending, maintaining the integrity and functionality of the display [3] Group 3: Market Expansion and Applications - The global market for flexible displays is expanding, with projections indicating that by 2024, shipments of flexible active matrix organic light-emitting diode (AMOLED) panels will reach 631 million units, accounting for 42% of the smartphone screen market [4] - By 2031, the flexible display market is expected to exceed $173 billion, with a compound annual growth rate (CAGR) of 34.3% [4] - Applications are diversifying across various sectors, including smart terminals, wearable devices, automotive, healthcare, and public services [4][5][6] Group 4: Innovations in Automotive and Healthcare - In the automotive sector, flexible displays are enhancing human-vehicle interaction, with companies like Mercedes and BMW integrating flexible OLED screens into their vehicles for improved display and energy efficiency [5] - In healthcare, flexible displays are being utilized in wearable medical devices, providing real-time health data monitoring and improving clarity and portability [6] Group 5: Future of Intrinsic Flexibility - Current flexible displays still rely on external structures for deformation, facing challenges such as fragility and resolution loss [7] - The development of intrinsic flexible materials aims to address these issues by enabling the display itself to withstand deformation through molecular structure and micro-design [7][8] - This innovation could lead to new applications, allowing displays to adapt to various devices and user needs, enhancing the overall user experience [8]

Core Insights - The article discusses the rapid advancement of flexible display technology, highlighting its transition from rigid to flexible forms, which is increasingly applied in various sectors such as consumer electronics, commercial spaces, and smart interactions [5][8]. Group 1: Flexible Display Technology Development - Flexible displays are characterized by their ability to bend and stretch, leading to innovative applications in products like foldable phones and curved screens [5][8]. - Recent breakthroughs include the development of high-performance stretchable polymer light-emitting diodes (PLEDs) by the Chinese Academy of Sciences, which significantly enhance optical performance and mechanical stability [5][11]. - LG Display has showcased a prototype of a stretchable display capable of approximately 53% deformation, indicating significant progress in the field [5][8]. Group 2: Manufacturing Process of Flexible Displays - The creation of flexible displays involves a complex multi-layer structure, requiring innovations in flexible substrate materials, core electronic components, structural design, and packaging technology [6][7]. - Flexible substrates must be thin, soft, and resistant to high temperatures and corrosive environments, with common materials including polyimide and polyester [6]. - Core electronic components like thin-film transistors (TFT) and organic light-emitting diodes (OLED) rely on high-performance materials to ensure rapid current flow and energy efficiency [7]. Group 3: Market Expansion and Applications - The global market for flexible displays is projected to grow significantly, with an estimated shipment of 631 million flexible AMOLED panels in 2024, accounting for 42% of the smartphone screen market [8]. - By 2031, the flexible display market is expected to exceed $173 billion, with a compound annual growth rate (CAGR) of 34.3% [8]. - Applications are expanding across various sectors, including smart terminals, wearables, automotive, healthcare, and public services, enhancing user experience and functionality [9][10]. Group 4: Future Innovations and Challenges - The concept of intrinsic flexibility is emerging, which refers to the inherent ability of materials to withstand deformation without relying on external structures [11][12]. - Research teams are exploring new material systems to improve the mechanical strength and durability of flexible displays, with ongoing challenges in achieving large-scale applications [11][12]. - The integration of sensors and AI algorithms in intrinsic flexible displays could lead to personalized and intelligent user experiences, transforming the interaction between devices and users [12].

Investment Rating - The report maintains a "Recommended" rating for the new materials industry [1]. Core Insights - The new materials sector is positioned as a crucial direction for the chemical industry, currently experiencing rapid growth in downstream demand. With policy support and technological breakthroughs, domestic new materials are expected to accelerate into a long-term growth phase. The report emphasizes that "one generation of materials supports one generation of industry," highlighting the foundational nature of the new materials industry as the material basis for other industries [4]. Summary by Sections 1. Electronic Information Sector - Focus areas include semiconductor materials, display materials, and 5G materials [5]. - A significant development is the plan to construct a large-scale data center system in Beijing, aimed at moving large-scale AI computing power to space, with operations expected to exceed 1 GW [6][22]. 2. Aerospace Sector - Key materials of interest are PI films, precision ceramics, and carbon fibers [7]. 3. New Energy Sector - The report highlights the focus on photovoltaic materials, lithium-ion batteries, proton exchange membranes, and hydrogen storage materials [9]. - As of October 2025, over 800 integrated projects for wind and solar hydrogen production have been planned in China, with a total green hydrogen capacity nearing 9 million tons per year [10]. 4. Biotechnology Sector - The focus is on synthetic biology and scientific services [11]. - A notable breakthrough in India involves the launch of a pilot plant for CO2 to DME conversion, marking a significant milestone in carbon recycling technology [12]. 5. Energy Conservation and Environmental Protection Sector - Key materials include adsorption resins, membrane materials, and biodegradable plastics [13]. - The Ministry of Ecology and Environment has released a carbon emissions trading market allocation plan, which aims to incentivize companies based on their carbon emissions performance [14]. 6. Key Companies and Earnings Forecast - The report lists several key companies with their stock prices and earnings per share (EPS) forecasts for 2024 to 2026, indicating a positive outlook for many companies in the new materials sector [16].

11月22日，深圳市坪山区投资推广服务署发布《关于1.49米幅宽偏光片产线项目遴选方案的公 示》的公告。项目用地意向区位位于深圳市坪山区坑梓街道沙田社区深汕高速公路与丹梓北路交 汇处西北侧，意向用地单位为深圳市盛波光电科技有限公司（下文简称"盛波光电"）。 根据公告，盛波光电于2009年在坪山区取得1宗工业用地，用地面积约7.8万平方米，建筑面积约 13万平方米，其中，工业约10.59万平方米，办公约1.4万平方米，宿舍约9000平方米。 ▶ 关于集邦 上下滑动查看 深纺织此前表示，本次投资目的为解决盛波光电面临的产能瓶颈问题，支持其持续快速发展。本 次项目投资建设，有助于公司快速提升偏光片产能规模，增强高附加值产品的供应能力，扩大市 场占有率；同时，有助于增强产线协同效率，提升公司偏光片业务盈利能力。项目投产后，预计 对公司未来财务状况和经营成果将产生积极影响。（集邦Display整理） 【集邦Display显示产业交流群】 该地块建有4条量产偏光片生产线（4、5、6、7号线），总体产线基本实现满产，2024年产能为 4519.80万平方米，实现产值36.01亿元、工业增加值6.24亿元。其中4、5、6号线 ...

京东方A近日在接受机构调研时表示，短期内，公司将继续加大研发投入，进一步提升钙钛矿组件的转 换效率、稳定性和寿命；同时加快产业化步伐，推动中试线技术向规模化量产迈进，持续降低成本；深 化与全球合作伙伴的开放创新，共同构建覆盖材料、装备、产品、应用和标准的健康钙钛矿产业生态。 ...

Core Viewpoint - BOE Technology Group (京东方A) is leveraging its long-term capabilities in glass-based processing, film preparation, packaging, and large-scale intelligent manufacturing to enhance the research and production of perovskite solar cells, thereby accelerating the industrialization process [1] Group 1 - The company plans to increase R&D investment to improve the conversion efficiency, stability, and lifespan of perovskite modules [1] - The company aims to expedite the transition from pilot line technology to large-scale production while continuously reducing costs [1]

二、其他说明 公司本次回购股份符合《深圳证券交易所上市公司自律监管指引第9号一一回购股份》等相关规定。 登录新浪财经APP 搜索【信披】查看更多考评等级 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚假记载、误导性陈述或者重大遗 漏。 维信诺科技股份有限公司（以下简称"公司"）于2025年4月29日召开的第七届董事会第十八次会议审议 通过了《关于回购公司股份方案的议案》，同意公司使用自有资金和自筹资金通过深圳证券交易所交易 系统以集中竞价交易方式回购公司部分已发行的人民币普通股（A 股），用于未来实施股权激励计划或 员工持股计划，本次用于回购股份的总金额不低于人民币0.5亿元（含）且不超过人民币1亿元（含）， 回购价格不超过人民币14.80元/股（含），具体回购股份的数量以公司公告回购方案实施完毕之日的实 际回购股份数量为准，回购期限自董事会审议通过回购股份方案之日起12个月内。具体内容详见公司于 2025年4月30日在《证券时报》《证券日报》《中国证券报》《上海证券报》和巨潮资讯网 （www.cninfo.com.cn）披露的《关于回购股份方案的公告》（公告编号：2025-048）。 一、首 ...

证券日报网讯 TCL科技11月27日在互动平台回答投资者提问时表示，今年，公司顺应OLED中尺寸市场 渗透加速趋势，投资建设t8产线，目前除t8外没有大额的新产线投资计划。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the article highlights TCL Technology's focus on a high-end differentiation strategy for its small-sized OLED business, which is aimed at enhancing product performance and market recognition [2] - The company is continuously improving yield rates and product performance through technological iterations, process optimizations, and equipment upgrades [2] - As a result of these efforts, TCL Technology has seen an increase in its market share, gaining recognition from both customers and the market [2]

Core Viewpoint - TCL Technology is advancing the industrialization of printed OLED technology, with significant capacity expansion and product quality improvements expected by Q3 2025 [1] Group 1: Production Capacity and Technology Development - The existing G5.5 printed OLED production line (t12) capacity is steadily increasing from 3K units per month to 9K units per month [1] - The company has officially launched the construction of the world's first high-generation printed OLED production line (t8 project) in late October [1] Group 2: Market Position and Strategic Importance - This initiative marks a significant technological leadership and market dominance potential for Chinese display companies in the high-generation OLED sector [1] - The advancements are expected to facilitate the large-scale implementation of mid-to-high-end displays and laptops, providing critical support for China's competitive position in global display technology [1]