Core Viewpoint - The upcoming Chinese Lunar New Year has prompted major LCD TV panel manufacturers, including BOE, TCL CSOT, and HKC, to plan production halts of five to ten days for backend module factories to reduce labor costs and mitigate the risk of increased inventory levels [1] Group 1: Production Adjustments - BOE, TCL CSOT, and HKC are implementing production halts to manage costs and inventory risks [1] - Front-end production lines will also undergo reductions in output [1] Group 2: Market Impact - The overall LCD TV panel utilization rate is expected to decrease by 3.5 percentage points in the first quarter, reaching 87.7% [1] - The supply-demand dynamics are shifting towards a tighter market condition [1]

Group 1 - The core viewpoint of the articles highlights that major LCD TV panel manufacturers, including BOE, TCL CSOT, and HKC, are planning production cuts of five to ten days around the Chinese Lunar New Year to reduce labor costs and mitigate inventory risks, leading to a projected decrease in overall LCD TV panel utilization rate by 3.5 percentage points to 87.7% in Q1 [1] - The overall supply of TV panels is expected to decrease by 3.8% in Q1 due to the planned production cuts and fewer working days in February, while demand is anticipated to decline by only 1.8% due to the continued promotion of trade-in policies and upcoming events like the 2026 FIFA World Cup [1] Group 2 - Looking ahead to 2026, the TV panel industry is expected to continue the trend of increasing screen sizes, although demand for ultra-large panels may slow due to weaker market demand and high base effects [2] - Panel manufacturers aim to adjust their product mix to shift market demand from smaller sizes (23.6 inches, 32 inches) to larger sizes (43 inches, 50 inches), which is expected to enhance average panel size and overall demand area [2] - The industry faces uncertainties due to international factors and rising memory prices, making capacity management and order flexibility crucial for panel manufacturers in 2026 [2] - Long-term, the lack of new capacity and major investments in LCD TV panels is seen as a positive signal for panel prices and industry health [2]

Core Viewpoint - In January 2026, television panel prices are expected to rise across the board, while monitor panel prices are anticipated to remain stable, and laptop panel prices for certain sizes are projected to decrease [5][6]. Television Panels - The average price for a 65-inch television panel is expected to be $169, an increase of $1 from the previous month, representing a 0.6% rise. The lowest price is projected at $163, and the highest at $172 [5]. - The average price for a 55-inch television panel is expected to be $122, also up by $1 from the previous month, with a 0.8% increase. The lowest price is forecasted at $115, and the highest at $125 [5]. - The average price for a 43-inch television panel is expected to be $64, reflecting a $1 increase and a 1.6% rise. The lowest price is estimated at $62, and the highest at $66 [5]. - The average price for a 32-inch television panel is projected to be $35, up by $1, marking a 2.9% increase. The lowest price is expected to be $34, and the highest at $36 [5]. Monitor Panels - Monitor panel prices have remained stable since early June 2025 [7]. - The average price for a 27-inch IPS panel is expected to be $63, with a lowest price of $57.6 and a highest price of $65.8 [8]. - The average price for a 23.8-inch IPS panel is projected to be $49.9, with a lowest price of $47.1 and a highest price of $51.4 [9]. Laptop Panels - In January, the price decline for 17.3-inch and 15.6-inch laptop panels is expected to continue [10]. - The average price for a 17.3-inch TN panel is projected to be $37.8, down by $0.2, representing a 0.5% decrease. The lowest price is expected to be $37.2, and the highest at $39.1 [11]. - The average price for a 15.6-inch Value IPS panel is expected to be $39.8, also down by $0.2, with a 0.5% decrease. The lowest price is projected at $38.1, and the highest at $41.2 [11]. - The average price for a 14.0-inch TN panel is expected to remain stable at $26.9, with a lowest price of $26.4 and a highest price of $28.1 [11]. - The average price for an 11.6-inch TN panel has been stable at $25.1, with a lowest price of $24.2 and a highest price of $26.5 [11].

1月1日，三星显示宣布 正式量产全球首款采用"V-Stripe"（垂直条纹/RGB条纹）像素结构 的34英寸360Hz QD-OLED面板 ，并已供应给华硕、微星、技嘉等7家显示器制造商。 图片来源：三星显示 此次发布的核心亮点在于三星显示独立开发的"V-Stripe"像素结构，该技术摒弃了传统 QD- OLED 的三角形子像素排列，转而采用红、绿、蓝（RGB）子像素垂直排列方式。 三星显示表示，"采用V条纹结构后，文字边缘能够呈现更清晰的显示效果。" 对于需要长时间进 行文档编辑、代码编写或内容创作的用户而言，V-Stripe结构将大幅改善阅读体验，弥补了以往 OLED面板在文本显示上的短板。 在性能参数方面，这款面板具备21:9的超宽纵横比和最高360Hz的刷新率，同时拥有最高1300尼 特的峰值亮度。 针对量产难题，三星显示指出，高刷新率与新像素结构的结合曾面临有机材料寿命缩短、发热增 加及亮度衰减等挑战。公司通过优化 QD-OLED 的顶部发光结构（Top Emission）及提升材料 效率，成功攻克了这些技术壁垒。 Size Covered>15" and above . · Report form ...

TCL科技公告，公司子公司TCL华星拟与广州市人民政府、广州经济技术开发区管理委员会共同建设一 条月加工2290mm×2620mm玻璃基板能力约2.25万片的第8.6代印刷OLED显示面板生产线。截至本公告 日，TCL华星与广州市人民政府、广州经济技术开发区管理委员会统筹协调的广州城发星印投资合伙企 业（有限合伙）、广州黄埔开投智星创业投资基金合伙企业（有限合伙）（合称为"国资方股东"）签署 了《增资协议》。项目公司注册资本为177亿元，其中TCL华星出资67.2亿元。各方将最迟于2026年12 月31日前实缴出资到位。项目公司设董事会，董事会成员变更为9人，其中国资方股东各提名2人，TCL 华星提名5人。项目公司将按协议向市场监督管理局申请办理相应的工商变更登记手续。 ...

Core Viewpoint - LG Display is set to showcase the world's first RGB stripe pixel 4K 240Hz OLED display panel at CES 2026, featuring a pixel density of 160 PPI, which enhances text clarity and color reproduction [1]. Group 1: Technology and Features - The RGB stripe pixel arrangement aligns red, green, and blue subpixels in a linear fashion while eliminating the white subpixel, significantly reducing color bleeding and halo effects during close viewing [2]. - Compared to existing high-end OLED displays that typically use RGWB pixel arrangements or Delta triangle arrangements, LG Display's new panel offers superior performance [3]. - This panel is not the first RGB stripe pixel OLED panel but is notable for achieving a refresh rate of 240Hz, making it suitable for gaming displays, unlike current products that are limited to 60Hz [4]. Group 2: Performance and Applications - The panel integrates proprietary dynamic resolution technology, allowing users to switch between 4K 240Hz and 1080P 480Hz modes, optimizing performance for FPS and other fast-paced games [4]. - LG Display plans to introduce this innovative pixel structure in its high-end gaming and professional display panels, actively promoting the technology at CES 2026 [5].

Core Viewpoint - The mobile display panel market is experiencing structural differentiation despite high overall operating rates as the year-end promotional season approaches its end [2][3]. Group 1: a-Si Panels - a-Si panels maintain stable demand in the low-end mobile and repair markets, with main production lines operating at full capacity [3]. - Prices for a-Si modules are expected to remain stable until the end of the year, but may face downward pressure in early 2026 due to increased supply from new production lines [3][4]. Group 2: LTPS Panels - LTPS production lines benefit from strong demand in non-mobile applications such as automotive, laptops, and tablets, maintaining high operating rates [2][3]. - Prices for LTPS panels are expected to remain stable in December, but new project prices may see a decline in 2026 due to competitive bidding [3][4]. Group 3: AMOLED Panels - Rigid AMOLED panels are facing demand shrinkage due to competition from flexible technology, leading to stable but low prices [3]. - Flexible AMOLED manufacturers are experiencing slight declines in operating rates, with aggressive pricing strategies being adopted to secure orders for the upcoming year [3]. - Prices for flexible AMOLED panels are projected to continue a downward trend into December and January 2026 [4].

Group 1 - The display panel industry is experiencing a favorable shift in supply and demand dynamics, leading to improved product competitiveness and the conclusion of the depreciation peak period [1] - On December 3, 2025, BOE Technology Group (000725.SZ) saw a significant increase of 3.87% in stock price, with trading volume surging to 5.2 billion, more than quadrupling from the previous day's 1.22 billion [5] - Rainbow Technology (600707.SH) also hit the upper limit of its stock price, while TCL Technology (000100.SZ) rose by 4.08%, indicating growing market attention towards positive changes in the panel industry [7] Group 2 - The LCD industry's supply and demand situation is improving, with clear signals of price stabilization and recovery [8] - Although TV panel prices continued a slight downward trend in November 2025, with the price of a 55-inch panel dropping from $118 to $114, the market anticipates a stabilization in December due to the upcoming peak stocking season [9] - TCL Technology and BOE have indicated that downstream brands are beginning to stock up for the significant sports events in 2026, such as the World Cup, which, combined with the ongoing trend towards larger sizes, is expected to increase demand while supply capacity remains stable [9]

展望未来，坚定看好面板行业竞争格局良性化下的中长期逻辑，同时未来LCD行业利润释放的逻辑预计 将从主要依赖涨价驱动逐步转向更多的产业价值创造升级，主要体现在：大尺寸化推动供需平衡中枢持 续上行，成本端持续国产化降本，折旧迎来达峰退出，少数股东权益收回后归母贡献的增厚等，看好后 续龙头厂商业绩加速释放，同时建议关注低估值个股以及上游国产替代逻辑持续强化的关键环节（掩膜 板、玻璃基板、光学膜）等。 编辑：林郑宏 转自：新华财经 新华财经上海12月8日电 中信证券研报分析认为，短期来看，随着国产厂商年终补库，海外厂商在价格 具有相对性价比的位置针对26年赛事需求、促销等进行提前备货，年终电视面板需求相对旺盛，面板价 格有望迎来全面止跌，26年一季度有望迎来普涨，面板厂业绩趋势向好。 ...

中信证券研报认为，随着国产厂商年终补库，海外厂商在价格具有相对性价比的位置针对2026年赛事需 求、促销等进行提前备货，年终TV面板需求相对旺盛，面板价格有望迎来全面止跌，2025年第四季度 有望迎来普涨，面板厂业绩趋势向好。展望未来，中长期来看，面板行业竞争格局将更加良性化，同时 LCD行业利润释放的逻辑预计将从主要依赖涨价驱动逐步转向更多的产业价值创造升级，主要体现在： 大尺寸化推动供需平衡中枢持续上行，成本端持续国产化降本，折旧迎来达峰退出，少数股东权益收回 后归母贡献的增厚等，我们看好后续龙头厂商业绩加速释放，同时建议关注低估值个股以及上游国产替 代逻辑持续强化的关键环节（掩膜板、玻璃基板、光学膜）等。 ...