【集邦Display】 6月3日晚间，京东方发布 公告，公司控股子公司武汉京东方光电科技有限公司 以自筹资金回购了少数股东部分股权并减少注册资本。 近日，武汉京东方已完成减少注册资本的工商变更登记手续，并取得由武汉市东西湖区行政审批局 换发的《营业执照》，武汉京东方的注册资本已由2,600,000 万元变更为2,100,000万元。 在此背景下，通过武汉京东方本次回购股权并减资提升公司在武汉京东方的权益比例，对公司经营 业绩将产生积极影响，符合公司对武汉京东方整体规划，加强了公司对子公司的管理，有利于公司 和武汉京东方长期健康、稳定发展，有利于公司进一步强化半导体显示业务核心竞争力。 #LCD #京东方 ▶ 关于集邦 据悉，本次武汉京东方回购股权并减资后，京东方所持武汉京东方持股比例由 47.14%增加至 58.36%，归属于上市公司股东的权益进一步提升。 资料显示，武汉京东方成立于2017年，负责运营一条10.5代面板产线，是京东方在武汉设立的重 要生产基地，其主要业务为薄膜晶体管液晶显示器件相关产品及其配套产品的投资建设、研发、生 产、销售，主要生产32、43、55、65、75英寸4K-8K的TV液晶显示 ...

Core Viewpoint - BOE (京东方) has achieved full-scale production of its 6th generation semiconductor display device production line, marking a significant milestone in its operational capabilities and technological advancements [1][4]. Investment and Production Capacity - The new production line has a total investment of 29 billion yuan, covers an area of 420,000 square meters, and is designed to have a monthly production capacity of 50,000 pieces [2][4]. - The production line focuses on high-end products such as VR display panels, small to medium-sized high-value-added IT display panels, and automotive display panels, utilizing advanced LTPO and LTPS technologies [4][5]. Research and Development - From 2021 to 2024, BOE's R&D expenses exceeded 10 billion yuan annually, totaling 46.16 billion yuan, demonstrating a strong commitment to maintaining technological leadership [3][8]. - In Q1 2025, BOE's R&D expenses reached 3.014 billion yuan, reflecting a year-on-year increase of 10.58% [9]. Technological Innovations - BOE's LTPO technology combines high mobility from LTPS and low power consumption from Oxide, achieving over 1500 PPI pixel density and significantly reducing panel power consumption [5]. - The production line has implemented innovative technologies that enhance environmental sustainability, achieving a 100% heat recovery usage rate and an 80% pure water reuse rate [5]. Market Position and Future Outlook - BOE has established itself as a leader in the display industry, with one in four smart terminals globally featuring a display from BOE [7]. - The company aims to continue driving innovation as its primary growth engine, focusing on core technology advancements and deepening industry-academic-research collaborations [10].

Core Viewpoint - BOE has successfully transitioned its 6th generation new semiconductor display device production line from construction to operation, marking a significant step in its strategy to enhance its position in the semiconductor display industry [1][3]. Investment and Production Details - The total investment for the 6th generation production line is 29 billion yuan, covering an area of 420,000 square meters, with a designed monthly production capacity of 50,000 pieces, which commenced construction in 2023 [3]. - The production line focuses on high-end products such as VR display panels, small to medium-sized high-value IT display panels, and automotive display panels, utilizing LTPO and LTPS technologies [3][4]. Technological Innovations - BOE's LTPO technology combines the high mobility of LTPS and the low power consumption of Oxide, achieving over 1500 PPI ultra-high pixel density while significantly reducing panel power consumption [4]. - The company has developed a 2117 PPI Real RGB display screen, achieving the highest resolution in the LCD industry [4]. Product Offerings - During the delivery event, BOE showcased several products ready for mass production, including a 2.24-inch 1500 PPI and 1700 PPI VR display module, a 16-inch 240Hz gaming laptop screen (resolution 2560×1600, 100% DCI-P3 color gamut), and a 14.6-inch narrow bezel high-end automotive central control screen [4].

Core Viewpoint - The company, BOE Technology Group, is optimistic about the LCD industry, highlighting a shift towards "demand-driven production" and a healthy market recovery in mainland China, which is expected to mitigate uncertainties from international trade dynamics [1][2]. Industry Supply and Demand - The LCD industry is transitioning to a "demand-driven production" strategy, with manufacturers adjusting production rates based on market needs. This has led to a significant reduction in inventory levels, bringing them closer to healthy standards [2]. - The average utilization rate in the LCD industry has been recovering since November 2024, maintaining above 80% in the first quarter of 2025. Adjustments will be made in the second quarter in response to changing demand [2][3]. LCD Product Pricing Trends - LCD TV panel prices for mainstream sizes have increased from January to March 2025 due to strong end-user demand. However, demand is expected to cool in the second quarter due to changes in the international trade environment and diminishing returns from "trade-in" policies [3]. - Prices for MNT panels in the IT sector are experiencing moderate increases, while NB panel prices remain stable [3]. Project Development - The company’s 8.6-generation AMOLED production line in Chengdu commenced equipment installation four months ahead of schedule on May 20, marking a transition from construction to operational phase, which is crucial for future product launches and mass production [4]. Depreciation and Capital Expenditure - The company anticipates depreciation of approximately 38 billion in 2024, with a peak expected this year as new projects become operational and existing production lines reach the end of their depreciation period [4][5]. - Future capital expenditures will focus on the "screen and IoT" strategy, emphasizing semiconductor display business and innovation in IoT, with investments directed towards new projects, outstanding payments for existing projects, and maintenance of current production lines [5].

TCL与阿里云达成全栈AI战略合作，将聚焦半导体显示、智能终端等领域。 ...

今天，TCL与阿里云宣布达成全栈AI战略合作。双方将聚焦半导体显示、智能终端等领域，基于阿里 云"云+AI"核心能力，共同打造垂直领域专业大模型。(阿里云公众号) ...

Core Insights - TCL Technology's subsidiary, TCL Huaxing, showcased innovative products at SID 2025, emphasizing advanced display technologies and a commitment to user experience and sustainability [1][4] Group 1: Display Technology Innovations - APEX Ultra-High Definition (UHD) display technology focuses on enhancing user experience through a combination of technology and application scenarios, aiming for superior visual quality and health [1][2] - The introduction of a 36:9 MLED display with high contrast and a Micro LED PHUD display designed for automotive applications highlights TCL Huaxing's commitment to high-performance displays [2] - The company is advancing eye-care technology with a lightweight display that balances brightness and eye health, alongside energy-efficient displays achieving A-grade energy efficiency [2] Group 2: Product Development and Market Strategy - TCL Huaxing's printed OLED technology has achieved mass production, with the first 21.6-inch 4K professional display set to launch in November 2024, marking a significant step in commercializing this technology [3] - The company is pursuing a multi-technology strategy, focusing on diverse applications across various sectors, including TV, IT, automotive, and specialized displays [3] - TCL Huaxing aims to create a comprehensive display ecosystem by expanding its product lines and offering personalized, intelligent display solutions to meet diverse market needs [3][4] Group 3: Future Vision and Brand Development - The company is committed to becoming a global leader in display solutions, leveraging its extensive manufacturing and R&D capabilities to transform advanced technologies into brand strength [4] - TCL Huaxing emphasizes the integration of quality, health, and sustainability into its brand values, aiming for a comprehensive upgrade in the display industry from scale expansion to value reconstruction [4]

【WitsView整理】 "贵州日报"消息，5月7日，贵州惠科光电显示产业集群项目生产基地在贵安新 区举行了投产仪式，标志着该项目历时5个月的建设顺利完成并正式投产。 此次投产的惠科中小尺寸智能终端显示模组项目分两期建设，其中一期投资33.33亿元，主要生产 电子纸显示模组、智能穿戴产品显示模组等。一期项目满产后，预计每年实现年产值不低于40亿 元。 惠科是一家专注于半导体显示领域的科技公司，主要从事半导体显示面板、智能显示终端等核心 显示器件的研发与制造，现有技术包括非晶硅a-Si TFT-LCD、Oxide TFT、RGB OLED、Mini LED等。 图片来源：惠科 今年以来，惠科在多个项目上取得了重要进展。 4月8日，惠科与电子纸厂商元太科技签署联合开发协议，双方将聚焦大尺寸电子纸的研发与量 产，并计划在贵州建设电子纸生产基地。 3月21日，惠科在郑州投产第七座整机生产基地，投资约30亿元，年产值预计达80亿元。 3月15日，惠科东莞平板显示集群电子商务项目二期开工，总投资7.6亿元，涵盖TV、LED显示、 智能终端等产品的生产。 2月，惠科在湖南浏阳和绵阳启动了总投资90亿元和50亿元的Mini ...

4月29日，TCL科技（000100）发布了2024年年度报告及2025年第一季度财报。年报显示，公司全年实 现营业收入1648亿元，经营性现金流净额295亿元，同比增长16.6%；归属于上市公司股东的净利润为 15.6亿元，较上年同期有所下滑。不过，在多元业务表现分化的背景下，TCL科技2025年一季度实现归 母净利润10.1亿元，同比增长322%。 支撑全年业绩的主要动力来自显示业务。2024年，TCL科技半导体显示板块实现营业收入1043亿元，同 比增长25%，系历史新高；净利润达62.3亿元，实现显著改善。2025年一季度，该板块延续增长态势， 营收与净利润双双创下近三年新高。 与之形成对比的是光伏业务的持续承压。受行业周期性调整和自身经营结构影响，TCL中环（002129） 2024年实现营业收入284亿元，同比下降逾五成，归母净利润亏损98.2亿元。公司表示，经过经营策略 调整及组织优化，2025年一季度已呈现环比改善态势。 显示业务营收首破千亿 2024年，全球面板行业经历了从供需错配到逐步回稳的过程。受消费电子市场复苏、大尺寸化需求加速 及AI应用扩展带动，全年面板需求面积保持增长，主流尺寸产 ...

【WitsView整理】 4月29日凌晨，TCL科技公布了2024年财报。 2024年，TCL科技实现营收1,648亿元，同比下降5.47%；归属于上市公司股东净利润15.6亿元，同 比下降29.38%。 | | 2024 年 | 2023 年 | 本年比上年增减 | 2022年 | | --- | --- | --- | --- | --- | | 营业收入(元) | 164,822,832,863 | 174,366,657,015 | -5.47% | 166,552,785,829 | | 归属于上市公司股东 | 1,564,109,407 | 2,214,935,302 | -29.38% | 261,319,451 | | 的净利润(元) | | | | | | 归属于上市公司股东 的扣除非经常性损益 | 298,355,801 | 1,021,080,065 | -70.78% | -2,698,210,800 | | 的净利润(元) | | | | | | 经营活动产生的现金 | 29.526,569.404 | 25.314.756.105 | 16.64% | 18.426.376.609 ...