Core Viewpoint - Jiangxi Yihua Display Technology Co., Ltd. has been established with a registered capital of 60 million RMB, indicating a new player in the display technology sector [1] Company Summary - The legal representative of Jiangxi Yihua Display Technology Co., Ltd. is Lin Weili [1] - The company has a registered capital of 60 million RMB [1] - The business scope includes various licensed and general projects such as road cargo transportation (excluding hazardous goods), technology services, development, consulting, and manufacturing of display devices and electronic components [1] Industry Summary - The company is involved in the manufacturing of electronic components and specialized electronic materials, which positions it within the growing electronics and display technology industry [1] - The business activities also encompass import and export of goods and technology, as well as domestic trade agency services, reflecting a comprehensive approach to market engagement [1]

证券日报网讯利亚德（300296）9月10日在互动平台回答投资者提问时表示，近两年公司还加大了电影 屏的开发与应用，在持续深耕显示技术的基础上，垂直整合供应链，不断推出具备高性价比、场景适配 性更强的创新产品，通过构建开放式生态合作平台，打通全渠道营销网络，联动显示板块和文旅夜游板 块的客户资源，加速推动创新产品在C端市场的落地应用和商业化进程。 ...

Core Viewpoint - The Global Product Technology Innovation Awards recognized BOE's UB Cell 4.0 high-end TV display technology solution, which won the gold award for its intelligent eye-care technology, showcasing the company's commitment to innovation and technology leadership in the display industry [1]. Group 1: Product Innovation - The UB Cell 4.0 utilizes new circular polarized light eye-care technology, simulating natural light to reduce eye strain while enhancing color reproduction to 95% of the BT2020 color gamut, providing a vibrant viewing experience [2]. - The technology achieves an ultra-low reflection rate of only 0.7% and an ambient contrast ratio (ACR) exceeding 1400, setting a new industry standard for comfort and glare reduction [2]. - The TV features a Mini LED backlight, a high refresh rate of 165Hz, and a motion picture response time (MPRT) of approximately 2ms, ensuring clear and smooth dynamic images while minimizing dizziness [2]. Group 2: Smart Features and Energy Efficiency - The UB Cell 4.0 includes an AI digital assistant that understands user intent and can manage smart home devices, enhancing user interaction and convenience [3]. - The display technology allows for customizable refresh rates and can reduce power consumption by up to 50% depending on the application scenario, demonstrating a commitment to energy efficiency [3]. - Integrated sensors and radar systems enable the TV to adjust settings based on environmental conditions, promoting intelligent energy management [3]. Group 3: Research and Development Commitment - The company invests approximately 7% of its revenue annually in R&D, with 1.5% specifically allocated to foundational and cutting-edge technology research [5]. - As of 2024, BOE has filed over 100,000 patents, with more than 90% being invention patents and over 33% filed overseas, indicating a strong focus on innovation [5]. - BOE ranks 12th globally in patent grants and has consistently been in the top 20 for seven consecutive years, reflecting its significant contributions to technology [5]. Group 4: Industry Leadership and Standards - BOE is actively involved in the development and revision of 429 domestic and international technical standards, transitioning from a technology innovator to a standard setter in the display industry [6]. - The UB Cell series has received multiple prestigious awards, including the IFA Technology Gold Award and CES Innovation Gold Award, validating its technological advancements and market acceptance [5]. - The UB Cell 4.0 sets new benchmarks in eye-care, image quality, and smart interaction, potentially establishing future industry standards for high-end televisions [5].

Core Viewpoint - TCL Huaxing has successfully developed and is set to mass-produce printed OLED technology, marking a significant advancement in China's display industry, transitioning from a follower to a leader in global display technology [3][18]. Group 1: Technology Development - TCL Huaxing began investing in printed OLED technology research in 2013 and will officially enter mass production in 2024 [3][18]. - Printed OLED is the first display technology led by a Chinese company to enter commercial use globally, showcasing a breakthrough in the display industry [3][18]. - The technology is characterized by its ability to achieve high resolution, low power consumption, and flexible displays, with significant improvements over traditional LCDs [6][10]. Group 2: Product Features - The printed OLED product family ranges from 6.5 inches to 65 inches, providing a high-end display experience across various devices, including smartphones, tablets, laptops, and TVs [4][10]. - Printed OLED displays utilize self-emissive technology, allowing for pixel-level brightness control, resulting in vibrant colors and a wider color gamut [6][8]. - The technology reduces harmful blue light emissions to 15%, promoting visual health for users who spend extended hours in front of screens [10]. Group 3: Production Advantages - Printed OLED technology offers a completely independent development path compared to traditional vapor-deposited OLED, which is dominated by Japanese and Korean companies [15][16]. - The production process of printed OLED is more efficient, achieving a 90% material usage rate and reducing costs by at least 20% compared to traditional methods [15][16]. - The technology requires less stringent vacuum conditions and lower temperature drying, leading to significant energy savings, estimated at 300-400 million kWh annually [15][16]. Group 4: Market Impact - The successful mass production of printed OLED technology is expected to make high-quality OLED displays more affordable and accessible to the general public [20]. - TCL Huaxing's commitment to long-term investment in technology has resulted in over 65,000 global patent applications, establishing a strong technological barrier in the printed OLED field [18][20].

Core Viewpoint - The company, Fule New Materials, plans to raise up to 710 million yuan through a private placement of A-shares to fund expansion projects in label printing materials, electronic-grade functional materials, R&D center upgrades, and to supplement working capital [2]. Group 1: Fundraising and Project Allocation - The total investment for the projects is approximately 840.84 million yuan, with the raised funds allocated as follows: 243.2 million yuan for label printing materials expansion, 220.5 million yuan for electronic-grade functional materials upgrade, 36.3 million yuan for R&D center upgrades, and 210 million yuan for working capital [3]. - The electronic-grade functional materials project will be implemented in Jiaxing, Zhejiang, with an expected annual production capacity of about 37 million square meters upon completion [3][4]. Group 2: Project Details and Market Position - The electronic-grade functional materials market is dominated by international giants like 3M and Nitto Denko. The company aims to produce high-value materials such as OLED support films and folding protective films, leveraging its proprietary technologies to capture the domestic replacement market [4]. - The label printing materials expansion project is expected to add an annual production capacity of approximately 773 million square meters, including the purchase of coating machines and smart upgrades to existing production lines [4]. Group 3: R&D and Financial Performance - The R&D center upgrade will involve the establishment of a high-cleanliness laboratory and the acquisition of precision R&D equipment to enhance the development of high-end materials for OLED displays and flexible sensors [5]. - In the first half of 2025, the company reported a revenue of 1.334 billion yuan, a year-on-year increase of 15.4%, while the net profit attributable to shareholders decreased by 19.58% to 50.93 million yuan [5].

Group 1 - The core business of the company revolves around the research, production, sales, and application promotion of LED display technology, while also expanding into peripheral businesses including AI, spatial computing, and cultural tourism [2] - In the first half of the year, the company achieved operating revenue of 3.51 billion yuan, a year-on-year decrease of 3.33%, and a net profit attributable to shareholders of 172 million yuan, a year-on-year increase of 34.03% [2] - The company's overseas display revenue accounted for 50.03% of the overall smart display segment, indicating a significant increase in international market presence [2] Group 2 - The AI and spatial computing segment focuses on high-precision, high-performance hardware and software solutions, with the launch of the Versa series motion capture cameras that can operate in complex outdoor environments [3] - The cultural tourism segment leverages multimedia technologies and interactive solutions to provide comprehensive "cultural and technological integration" solutions for cities and tourist projects, enhancing immersive and interactive experiences [4] - The establishment of a "Cultural Tourism Beijing Headquarters" aims to strengthen the company's market expansion and resource coordination in northern regions, enhancing project management capabilities and market responsiveness [4]

Core Viewpoint - The patent litigation initiated by Lehman Optoelectronics against Zhao Chi Co., Ltd. has concluded in favor of Zhao Chi, with the court ruling that the accused products do not infringe on the claimed patents [2]. Group 1: Patent Litigation Outcome - Zhao Chi Co., Ltd. announced that all related patent lawsuits initiated by Lehman Optoelectronics have ended in a complete victory for Zhao Chi [2]. - The Guangdong High People's Court upheld the first-instance ruling, rejecting all appeals from Lehman Optoelectronics regarding the patent infringement claims [2]. - The court found that the Mini direct display COB product series produced and sold by Zhao Chi has essential differences from the patents claimed by Lehman Optoelectronics, thus not falling under the protection of those patents [2]. Group 2: Previous Developments - On May 28, Zhao Chi Co., Ltd. reported that the National Intellectual Property Administration declared a specific patent (patent number: 201921505524.0) completely invalid, marking another victory in the ongoing patent disputes with Lehman Optoelectronics [3].

Group 1: Financial Performance - The company experienced revenue growth in the first half of 2025, but profits declined due to increased capacity construction and personnel costs, leading to greater operational pressure. Future performance is expected to improve as capacity is released [2]. Group 2: LIPO Technology Progress - The LIPO technology products have begun mass production, with the wristband project entering production in Q2 2025, and the mobile phone project set to enter mass production in Q3 2025. The company aims to enhance technology upgrades, yield improvements, and customer certifications to accelerate LIPO business development [2]. Group 3: Automotive Display Business - The company is positioned as a leading provider of Mini-LED backlight display technology for vehicles, with recent products like the 27.1-inch cockpit screen for the Zhiji LS6 and the 1.4m long SKYLine digital skyline screen for NIO ES8 utilizing its Mini-LED technology. The company plans to leverage its first-mover advantage in the Mini-LED sector to drive rapid business growth [3]. Group 4: Investor Relations Activity - The investor relations activity conducted on August 22, 2025, included discussions with various investment firms and did not involve any undisclosed significant information [3].

Core Viewpoint - The article discusses the revolutionary potential of Micro-LED technology in the display industry, highlighting Shenzhen-based Siton Technology as a leader in this field, which is transforming visual experiences and paving the way for future applications in various sectors [1][3][4]. Group 1: Micro-LED Technology Overview - Micro-LED technology represents a significant advancement in display technology, characterized by self-emitting pixels that offer high brightness (up to 10 million nits), low power consumption (10% of LCD and 50% of OLED), and exceptional response times [5][6]. - The technology is seen as a solution to the limitations of previous display technologies such as LCD and OLED, which struggle with brightness, power efficiency, and longevity [5][6]. Group 2: Development Journey of Siton Technology - Siton Technology was founded in 2018 by Dr. Liu Zhaojun and Dr. Qiu Chengfeng, combining expertise in technology and industrialization to advance Micro-LED applications [12][13]. - The company established the first Micro-LED pilot production line in Shenzhen in 2019, and has since expanded to a production base in Xiamen, with plans for mass production in 2024 [13][18]. Group 3: Market Potential and Future Outlook - The global Micro-LED market is projected to reach $1.4 billion in 2024 and $9.3 billion by 2030, indicating strong growth potential [15]. - China is emerging as a leader in Micro-LED technology, with the highest number of patent applications in 2020, and government support for new display technologies [15][16]. - Siton Technology's innovations and strong manufacturing capabilities position it well to capitalize on the growing demand for advanced display solutions across various industries, including AR, medical, and consumer electronics [8][16][19].

Core Insights - The "Double京 Empowerment Plan" marks a successful three-year collaboration between JD.com and BOE, integrating consumer insights with advanced display technology to reshape the value chain in the display industry [1][3][9] Group 1: Collaboration and Innovation - The partnership is characterized as a strong mutual collaboration, leveraging JD.com's consumer understanding and BOE's display technology expertise to enhance the entire industry chain [3][9] - A joint research institute was established to focus on consumer visual experiences, leading to the successful implementation of the "S+ Display Certification Standard" on JD.com, which has become a key reference for consumer purchasing decisions [3][5] - The introduction of the first online immersive "BOE Technology Brand JD Self-operated Flagship Store" exemplifies a new B2B2C value delivery model, showcasing products powered by BOE's display technologies [4][5] Group 2: Market Performance and Trends - The collaboration has resulted in the successful launch of several high-demand display products, with significant sales growth during key shopping events, such as a threefold increase in sales of 240Hz and above ultra-high refresh rate monitors [5][6] - The partnership has effectively driven the popularity of professional and personalized products, guiding consumer value upgrades and validating the resource integration model [6][9] Group 3: Ecosystem Development - The "Best of Esports High-Level Alliance" was initiated to create a comprehensive esports ecosystem, attracting numerous leading global brands and focusing on enhancing player experiences [4][6] - The "100-inch Big Screen Three Truths Commitment" was announced, emphasizing quality, experience, and service, aiming to provide consumers with the ultimate large-screen experience [8] - A new "High-Value Ecological Industry Alliance" was formed, bringing together top companies to drive technological advancement, ecological collaboration, and sustainable development in the display industry [8][9]