Core Viewpoint - Samsung Display has officially started mass production of the 8.6-generation OLED panels, aiming to strengthen its position in the IT OLED market with plans to ship samples to customers this year [1][4]. Group 1: Production and Market Strategy - Samsung Display held a shipment ceremony on January 15, celebrating the successful operation of its 8.6-generation OLED production line [4]. - The company plans to begin trial operations in mid-2024 and officially ship samples by the end of the year, indicating a rapid response to capture the IT OLED market [4]. - Samsung Display's president stated that successful operation of the new production line is crucial, with expectations of a 20% to 30% increase in IT product sales this year [4]. Group 2: Competitive Landscape - The 8.6-generation OLED panels feature a glass substrate size that is 2.2 times larger than the current mainstream 6th generation, leading to significant improvements in production efficiency and cost reduction [4]. - Competitors such as BOE, Visionox, and TCL Huaxing are also investing in 8.6-generation OLED production lines, with BOE planning to invest 63 billion RMB in a new facility [5]. - Analysts suggest that if Samsung Display successfully achieves mass production of the 8.6-generation OLED, it will create a significant competitive advantage over rivals, especially as the transition from LCD to OLED accelerates in the market [5].

Group 1 - The core point of the news is that Shenzhen Tianma A shares increased by 5.12% to 10.47 CNY per share, with a trading volume of 329 million CNY and a turnover rate of 1.31%, resulting in a total market capitalization of 25.733 billion CNY [1] - Tianma Microelectronics Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on November 8, 1983, with its listing date on March 15, 1995. The company's main business involves display core businesses for mobile smart terminals like smartphones and tablets, as well as key businesses for automotive displays and value-added services in medical and industrial control sectors. The revenue composition is 99.05% from displays and display modules, and 0.95% from other sources [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under China Europe Fund has a significant position in Shenzhen Tianma A. The China Europe Value Selection Mixed A Fund (021181) held 4.5854 million shares in the third quarter, accounting for 2.53% of the fund's net value, making it the largest holding. The estimated floating profit today is approximately 2.3386 million CNY [2] - The China Europe Value Selection Mixed A Fund (021181) was established on May 21, 2024, with a latest scale of 422 million CNY. Year-to-date return is 4.21%, ranking 3669 out of 8838 in its category; the one-year return is 37.94%, ranking 3657 out of 8089; and the return since inception is 46.82% [2]

Core Viewpoint - The company has been focusing on Micro-LED technology since 2017, targeting applications in automotive displays and seamless display solutions [1] Group 1: Micro-LED Technology Development - The joint venture's Micro-LED production line is set to be operational in 2024, with small batch shipments of standardized display unit modules expected in 2025 [1] - The company plans to launch the industry's first 108-inch 4K seamless splicing Micro-LED large screen using full laser mass transfer technology in November 2025 [1] - In December 2025, the company will introduce a 135-inch 4K+ seamless splicing product, achieving breakthroughs in several core technical indicators [1]

Core Viewpoint - TCL Technology expects a significant increase in net profit for 2025, projecting a range of 4.21 billion to 4.55 billion yuan, representing a year-on-year growth of 169% to 191% [1][2]. Financial Performance - The projected net profit for 2025 is between 4.21 billion and 4.55 billion yuan, compared to 1.564 billion yuan in the previous year, indicating an increase of 169% to 191% [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 2.89 billion and 3.2 billion yuan, up from 298 million yuan last year, reflecting a growth of 869% to 973% [2]. - Basic earnings per share are projected to be between 0.2174 yuan and 0.2350 yuan, compared to 0.0842 yuan per share in the previous year [2]. Business Operations - TCL Huaxing's operating revenue surpassed 100 billion yuan, with net profit exceeding 8 billion yuan and net operating cash flow exceeding 40 billion yuan, indicating high-quality growth [2]. - The company maintains a competitive advantage in large-size products such as TVs and commercial displays, while also experiencing rapid growth in the small and medium-size product sector [2]. - TCL completed the acquisition of 100% of the shares of the former LG Display (China) Co., Ltd., enhancing its capacity layout for large and medium-size LCD panels [2]. - The company also acquired a minority stake in Shenzhen Huaxing Optoelectronics Semiconductor Display Technology Co., Ltd., which is expected to boost the profit attributable to shareholders [2]. - Expansion of the G5.5 generation printed OLED production line and the establishment of the world's first high-generation printed OLED production line are underway, laying the foundation for future display technology upgrades [2]. Industry Position - The panel industry continues to see strong performance, with companies like Zhonghuan leading with over 5.7 billion yuan in revenue, maintaining the top position in domestic shipments [3]. - Miao Jia Technology is expanding its leading advantage, solidifying its position in TV OEM business and experiencing rapid growth in the display and gaming monitor OEM sectors, significantly enhancing profitability [3].

Core Viewpoint - Samsung Display is expanding its product lineup in the IT business, with the introduction of the 8.6-generation OLED products expected to increase sales by 20% to 30% compared to the previous year [1]. Group 1: Product Development - The 8.6-generation OLED features a glass substrate size that is 2.2 times larger than the current mainstream 6th generation OLED, significantly improving production efficiency [4]. - For example, the annual production capacity for a 14-inch tablet using 6th generation OLED panels is approximately 4.5 million units, while the 8.6-generation OLED can increase this capacity to 10 million units [4]. Group 2: Investment Plans - Samsung Display announced plans to transform its LCD production line L8 and build a dedicated A6 production line for IT OLED, with an investment amounting to 4.1 trillion Korean won [4]. - The new production line is expected to achieve mass production by the second or third quarter of 2026, with plans to supply panels to Apple [4]. Group 3: Market Position - Despite the rapid development of Chinese display companies, there remains a gap in the OLED sector compared to Samsung Display [4]. - However, Chinese companies are actively investing in new display technologies such as micro-displays and OLEDoS to seize market opportunities [4].

为此，研究团队提出了一种全新的OLED设计方法，能够在每个像素尺寸内最大限度地高效导出光 线。该方法充分考虑了实际显示设备中有限的像素尺寸，即使在相同尺寸的像素中，也能显著提 升外部出光量。 此外，研究团队还开发了一种"准平面光提取结构"。这种结构极为轻薄，厚度与传统的MLA相 当，却能实现接近半球形透镜的高光提取效率。同时，它还能轻松应用于可弯曲的柔性OLED。 通过应用上述技术，即使在小型像素中，发光效率也提升了两倍以上。这有望延长移动设备的电 池使用时间、降低发热、延长显示屏的使用寿命。 研究团队表示："此前虽然提出了许多光提取结构，但大多适用于大面积照明，而在由大量小像素 构成的显示屏上应用时，往往难度较大或效果不明显。而此次提出的准平面光提取结构，不仅能 够有效减少相邻像素间的光干涉现象，还能进一步最大化光提取效率。"（译自ETnews） 【集邦Display显示产业交流群】 图片来源：韩国科学技术院 1月11日，韩国科学技术院研究团队开发了一种新的OLED结构和设计方法，解决了OLED显示器长期 存在的内部光损耗问题。新研究在保持OLED固有平面结构优势的同时，将发光效率提高了一倍以 上。 据介绍 ...

据韩媒报道，近日，惠科近期在设备采购方面动作频频，累加金额已超1亿元人民币。 1月8日，Narae Nanotech宣布与惠科旗下两家控股公司签订显示器制造设备供应合同。其中， 与滁州惠科显示科技有限公司（简称"滁州惠科"）的合同金额约43亿韩元（约合人民币2043万 元），与长沙惠科科技有限公司（简称"长沙惠科"）的合同金额约56亿韩元（约合人民币2660万 元）。 | 销售或供应宣同 | | | 销售或供应合同 | | | | --- | --- | --- | --- | --- | --- | | 1. 合同详情 | | 显示器制造设备 | 1. 合同详情 | | 显示屏制造设备 | | 2. 合同详情 | 附条件合同 | 不 | 2. 合同详情 | 附条件合同 | K | | | 固定合约金额(韩元) | 5,594,859,000 | | 固定合约金额(韩元) | 4,258,002,000 | | | 有条件合同金额(韩 | | | 有条件合同金额(韩 | | | 元) | | | | 元) | | | | 合同总金额(韩元) | 5,594,859,000 | | 合同总金额(韩元) | 4, ...

Core Insights - The year 2026 is projected to be pivotal for the promotion of affordable AI PCs, driven by the increased application of OLED screens and enhanced CPU capabilities [1][2] Group 1: OLED Panel Development - Two 8.6-generation OLED panel production lines are expected to commence mass production in 2026, accelerating the penetration of flexible and hybrid OLED panels in IT and automotive display sectors [1] - BOE and Samsung's 8.6-generation OLED panels are anticipated to be used in the next generation of Apple's MacBook Pro and will supply Taiwanese IT manufacturers, respectively [1] - TCL Huaxing and Visionox are expected to start mass production of their 8.6-generation OLED panels in Q3 and Q4 of 2027, further supporting the application of OLED panels in laptops [1] Group 2: Market Projections - The penetration rate of OLED panels in laptops is projected to reach nearly 20% by 2030, with OLED screens dominating the high-end laptop market [1] - The shipment volume of OLED laptop screens is expected to reach 45 million units by 2030 [1] Group 3: Technological Advancements - The adoption of OLED screens will enhance laptops' performance in terms of portability and display quality compared to LCD screens [1] - The introduction of new generation chips by Intel and AMD, utilizing 2-3 nanometer processes, is expected to elevate laptop computing power from 40 TOPS to 50 TOPS [2] - The new CPU architectures are anticipated to penetrate mainstream laptop product lines over the next three years, enabling more diverse task processing capabilities [2] Group 4: Market Outlook - Despite rising memory costs, the global laptop market is expected to maintain stable shipment volumes in 2026, with growth anticipated in 2027 [2]

Core Insights - The CES event highlights the growing importance of display technology in consumer electronics, with a focus on the integration of AI and high-quality displays in smart cockpit solutions [2][5] - Chinese display manufacturers, particularly BOE, are emerging as leaders in the industry, with significant investments in R&D and a shift towards high-end technology rather than competing solely on price [2][5][6] Industry Trends - The market for smart cockpit displays is projected to grow to $18.3 billion by 2030, driven by consumer demand for high-quality displays in vehicles [2] - The competition among display manufacturers is intensifying, leading to price wars, but companies like BOE emphasize maintaining quality over reducing prices [6][7] Company Developments - BOE showcased its "HERO2.0 smart cockpit" at CES, featuring advanced Micro LED technology with 50,000 nits brightness and 115% NTSC color gamut, along with AI functionalities for enhanced user experience [3][5] - The company has invested over HKD 900 million in R&D for its automotive business over the past three years, indicating a strategic shift towards integrating AI and software with hardware [5][6] Strategic Focus - BOE aims to create an innovative ecosystem around high-value applications, focusing on the integration of AI and sustainable development in its product offerings [5][6] - The company is expanding its global presence, with operations in 16 countries and nearly 600 ecosystem partners, emphasizing the need for deeper integration into local markets [7]

Core Viewpoint - The CES 2026 showcased significant advancements in display technologies, particularly in the automotive display sector, with a strong emphasis on OLED and Micro LED technologies, indicating a competitive landscape among leading panel manufacturers [87]. Group 1: Automotive Display Innovations - Major panel companies focused on automotive displays, with OLED technology emerging as a preferred choice due to its lightweight, flexible, and high-quality characteristics [2]. - BOE introduced the "HERO 2.0 smart cockpit," featuring the world's first Micro LED PHUD with a brightness of 50,000 nits and AI capabilities for voice and gesture control [3][5]. - Deepinma showcased a 49.6-inch panoramic "Tianxuan" screen, integrating various cockpit functions into a single display with a peak brightness of 10,000 nits [10][12]. - TCL Huaxing presented the HVA Ultra P-HUD system, which includes three LCD screens with a brightness of 11,000 nits and a 7.5% transmittance rate [14][15]. - Visionox introduced a flexible AMOLED dual-curved display solution that can bend to save space when not in use [20]. Group 2: Display Technology Developments - BOE displayed two large Micro LED products, including a P0.9 ultra-thin HDR Micro LED integrated machine with a peak brightness of 2,000 nits and a contrast ratio of over 20,000:1 [38]. - Deepinma launched the world's first fully laser giant transfer 108-inch seamless Micro-LED screen with a peak brightness of 1,500 nits and a contrast ratio of 1,000,000:1 [40]. - TCL Huaxing introduced a 98-inch HVA Ultra television display with over 18,000 backlight partitions and a BT2020 coverage rate exceeding 96% [44]. - Visionox unveiled a "glare-free AMOLED laptop solution" that significantly reduces eye strain by minimizing environmental light reflection [50][51]. - LG Display presented an 83-inch WOLED TV panel with a peak brightness of 4,500 nits and 99.5% DCI color gamut coverage [76]. Group 3: Industry Trends and Future Outlook - The competition among panel manufacturers is intensifying, with companies like AUO and Innolux focusing on Micro LED technology, while TCL Huaxing and Hehui Optoelectronics are deepening their expertise in OLED [87]. - The display industry is expected to enter a new development phase as demand for automotive, commercial, and consumer electronics continues to evolve [88].