Core Viewpoint - The average utilization rate of domestic TFT-LCD panel manufacturers in China is expected to decline by 1-2 percentage points quarter-on-quarter in Q3 2025 [1]. Summary by Sections Section 1: Current Utilization Rates - The report provides statistics on the average utilization rates of various LCD production lines in China for Q2 2025, including specific data for major manufacturers such as BOE, CSOT, TM, HKC, and CHOT [4]. Section 2: Future Predictions - A forecast for the average utilization rate of TFT-LCD panel manufacturers in China for Q3 2025 indicates a slight decrease compared to the previous quarter [1].

Group 1: Panel Price Trends - In July 2025, TV panel prices declined while monitor and laptop panel prices remained stable, influenced by brand customers adjusting their procurement orders for Q3 [1] - The average price for 32-inch and 43-inch TV panels is expected to drop by $1, while 50-inch and 55-inch panels will decrease by $2, and 65-inch and 75-inch panels will fall by $3 [3] - The overall trend for monitor panels has shifted to a stable state due to slowing demand and the impact of declining TV panel prices [4] Group 2: Market Demand and Supply - TV panel demand remains weak in July, with brand customers managing inventory through order adjustments and using this as leverage for negotiations [1] - Despite expectations for a potential increase in monitor panel prices, demand has shown signs of slowing, with only a few specifications experiencing minor supply shortages [4] - Laptop panel demand is anticipated to perform well in July and August, but manufacturers are hesitant to raise prices, opting instead for discounts to maintain customer relationships [5]

Core Viewpoint - TrendForce's report indicates a continued decline in TV panel prices as of July 2025, while monitor and notebook panel prices remain stable [1] Group 1: TV Panel Market - Demand for TV panels remains weak, leading some brand clients to adjust their procurement orders for Q3 to control inventory and enhance bargaining power with panel manufacturers [1] - The downward trend in TV panel prices is impacting the pricing trends of monitor (MNT) panels [1] Group 2: Monitor Panel Market - The demand for monitor panels has also started to show signs of slowing down, with only a few specific sizes experiencing slight supply shortages [1] - As of July, the overall price trend for monitor panels, including both Open Cell panels and panel modules, is expected to stabilize [1]

Core Viewpoint - The panel prices are expected to decline in July 2025, particularly for TV panels, while monitor and laptop panel prices are anticipated to remain stable [3][4][6]. Group 1: TV Panels - Demand for TV panels remains weak, leading some brand clients to adjust their procurement orders for Q3 while negotiating better prices with panel manufacturers [3][4]. - The forecast indicates a price drop of $1 for 32-inch and 43-inch panels, and a $2 drop for 50-inch, 55-inch, 65-inch, and 75-inch panels [4]. Group 2: Monitor Panels - The demand for monitor panels has also shown signs of slowing down, with only a few specifications experiencing slight supply shortages [4]. - The overall price trend for monitor panels is expected to stabilize, influenced by the declining prices of TV panels [4]. Group 3: Laptop Panels - There is a slight increase in optimism regarding the demand for laptop panels, with brand clients becoming more proactive in negotiations for better pricing [6]. - The overall price for laptop panels is expected to remain stable in July, with future price movements dependent on negotiations between brand clients and manufacturers [6].

Core Viewpoint - The article discusses the impact of domestic subsidy policies and international tariff changes on the panel market, indicating a downward trend in panel prices due to weakened demand and supply conditions [2][3][4]. Group 1: Market Demand - In June, tightening of national subsidy policies in various regions affected domestic market demand expectations, leading to a general decline in panel prices [2][3]. - The "old-for-new" subsidy policy is closely linked to domestic market demand, with retail sales of home appliances showing continuous positive growth until June [4]. - The expected recovery of national subsidies in July may boost market confidence, but the overall demand in the second half of the year may still face pressure due to reduced subsidy amounts and heightened eligibility criteria [3][4]. Group 2: Market Supply - Panel suppliers have adjusted production rates in response to weakened demand, with the average utilization rate of G8.5 production lines around 73% in Q2, down approximately 4 percentage points from the previous quarter [5]. - The overall utilization rate for high-generation lines is expected to remain around 80% in July, with potential adjustments to production to stabilize panel prices [5][6]. - The article anticipates that panel prices will continue to decline in July, with price reductions of $1 to $3 expected across various panel sizes compared to June [6]. Group 3: Price Trends - The article provides a detailed price forecast for various panel sizes, indicating a continued downward trend in prices for July, with specific price points for sizes ranging from 32" to 85" [6]. - The expected prices for July are $32 for 32", $65 for 43", $92 for 50", $118 for 55", $169 for 65", $227 for 75", and $307 for 85" [6].

Group 1: Market Position and Growth - By 2024, Chinese companies will control 65% of global polarizer production capacity, expected to exceed 80% by 2027 [1] - In 2025, China's display panel production will account for 70% of the global market share, meaning 7 out of every 10 display panels produced worldwide will come from China [2] - The market size of China's display panel industry will reach 1.3 trillion yuan in 2024, capturing over 50% of the global market [3] Group 2: Key Players and Performance - BOE Technology Group leads the smartphone panel market with a projected shipment of 610 million units in 2025, holding a 68.8% market share in 2024 [2] - In the large-size LCD TV panel market, BOE holds a 25.9% market share, while Huaxing Optoelectronics and Huike occupy 20.2% and 14.4% respectively [2] - In 2024, BOE's revenue is expected to be 198.38 billion yuan, with a net profit of 5.32 billion yuan, marking a significant recovery from previous losses [7] Group 3: Technological Advancements - The introduction of 15 AMOLED production lines is challenging the dominance of South Korean manufacturers, with flexible screens and MiniLED technology driving a new display revolution [3] - Chinese companies are adopting a dual-track strategy, focusing on both LCD and OLED technologies to maintain market leadership [6] - The OLED gaming monitor segment is experiencing rapid growth, with a 132% increase in global shipments in 2024 [8] Group 4: Emerging Markets and Opportunities - The global automotive display panel market is projected to reach 232 million units in 2024, with a 6.3% year-on-year growth [8] - BOE holds a 17.6% market share in the automotive display sector, collaborating with various automotive brands [9] - The esports monitor market in China is expected to grow by 12.4% in 2025, driven by increasing consumer demand and the introduction of new products [12] Group 5: Strategic Developments - The acquisition of LG Chem's OLED polarizer business by Shanshan Holdings is a significant move towards vertical integration in the industry [4] - The construction of the world's first 3000mm ultra-wide polarizer production line by Hengmei Optoelectronics is set to enhance production capacity significantly [5] - The dual strategy of focusing on both LCD and OLED technologies has allowed Chinese manufacturers to effectively compete in the global market [6][13]

Core Viewpoint - The article discusses the recent IPO application acceptance of Huike Co., which aims to raise 8.5 billion yuan for various advanced display technology projects, enhancing its competitive edge in the semiconductor display industry [1][2][17]. Investment Projects - Huike plans to invest in three major projects: - "Changsha New OLED R&D Upgrade Project" with a total investment of 3 billion yuan [2][3]. - "Changsha Oxide R&D and Industrialization Project" with a total investment of 3 billion yuan [2][3]. - "Mianyang Mini-LED Intelligent Manufacturing Project" with a total investment of 2.5 billion yuan [2][3]. - The total investment for these projects is 9.575 billion yuan, with 8.5 billion yuan to be raised through the IPO [3]. Technology Development - The "Changsha New OLED R&D Upgrade Project" focuses on improving production solutions for OLED display panels, enhancing the company's technological reserves in OLED technology [2][3]. - The "Changsha Oxide R&D and Industrialization Project" aims to increase R&D investment in Oxide technology, improving production capacity and product competitiveness [2][3]. - The "Mianyang Mini-LED Intelligent Manufacturing Project" will expand the production line for Mini LED products, continuing the development of high-performance Mini LED products [2][3][15]. Company Overview - Huike operates four G8.6 generation production lines and multiple smart display terminal production bases, with significant investments in various projects totaling 24 billion yuan for the G8.6 lines [4][5]. - The company reported revenues of 27.134 billion yuan, 35.797 billion yuan, and 40.310 billion yuan for 2022-2024, with net profits of -1.428 billion yuan, 2.566 billion yuan, and 3.339 billion yuan respectively [6][7]. Market Position and Strategy - Huike's overseas revenue has shown steady growth, accounting for 58.18%, 53.53%, and 49.92% of total revenue from 2022 to 2024, indicating a strong global market presence [7]. - The company has established partnerships with major brands such as Samsung, LG, and Xiaomi, positioning itself as a key player in the display panel market [7]. - Huike's strategy includes a multi-technology approach, focusing on a-Si TFT-LCD, Oxide, OLED, Mini LED, and Micro LED technologies to adapt to changing market demands [8][9]. Future Outlook - The IPO is seen as a critical step for Huike to enhance its technological capabilities and production capacity, thereby strengthening its market competitiveness [17][18]. - The successful implementation of the proposed projects is expected to drive technological upgrades in the industry and enhance the global influence of domestic panel manufacturers [18].

Group 1 - TrendForce reported a decrease in TV panel prices for June 2025, while monitor and laptop panel prices remained stable [1] - The forecast indicates that the price of 32-inch TV panels will remain unchanged, while 43-inch, 50-inch, and 55-inch panels are expected to drop by 1 USD [1] - For larger sizes, 65-inch and 75-inch TV panels are projected to decrease by 1 to 2 USD [1]

Group 1 - The core viewpoint is that China's OLED display panel and module output value will exceed 100 billion RMB in 2024, representing a year-on-year growth of 38% and capturing 52% of the international market share [1] - The small screen industry has attracted over 200 billion RMB in investments, involving more than 500 companies and creating employment for over 100,000 people [1] - China's OLED output value has surpassed 100 billion RMB, accounting for more than half of the global market, which has driven the new display industry's output value to exceed 100 billion USD [1]

Core Viewpoint - In June 2025, prices for certain television panels have decreased, while prices for monitor and laptop panels have remained stable [1][4]. Group 1: Television Panels - The average price for a 65-inch television panel is $176, down by $1 or 0.6% from the previous month, with a range between $171 and $180 [5]. - The average price for a 55-inch television panel is $126, also down by $1 or 0.8%, with a range between $121 and $129 [5]. - The average price for a 43-inch television panel is $65, down by $1 or 1.5%, with a range between $63 and $66 [6]. - The average price for a 32-inch television panel is $36, with a range between $35 and $37 [6]. Group 2: Monitor Panels - In June, prices for monitor panels have remained unchanged from the previous month [7]. - The average price for a 27-inch IPS panel is $63, with a range between $57.6 and $65.8 [8]. - The average price for a 23.8-inch IPS panel is $49.9, with a range between $47.1 and $51.4 [8]. Group 3: Laptop Panels - In June, prices for laptop panels have also remained stable compared to the previous month [10]. - The average price for a 17.3-inch TN panel is $38.3, with a range between $37.7 and $39.8 [10]. - The average price for a 15.6-inch Value IPS panel is $40.3, unchanged from the previous month, with a range between $38.6 and $41.9 [10]. - The average price for a 14.0-inch TN panel is $26.9, with a range between $26.4 and $28.1 [10]. - The average price for an 11.6-inch TN panel is $25.1, with a range between $24.2 and $26.5 [10].