2024年，由于手机、电视等消费终端的不断回暖，使得上游面板公司大多都交出了一份不错的财报，盈利大幅改善。而在AI等新技术以及终端新需求的推 动下，今年显示产业也迎来了新的升级。 国际显示周开幕前夕，在与京东方首席执行官冯强、京东方高级副总裁、首席技术官刘志强的交流中，作者了解到，今年京东方参展的核心关键词有三个， 分别为技术、绿色和AI。与此同时，京东方可持续发展品牌"ONE"（Open Next Earth）也首次在海外展会上亮相。 "可持续发展不是选择题，是企业竞争力的新维度和企业生存的必答题。"冯强对作者说道，"'ONE'品牌会倒逼我们把可持续发展的力量拧成一股绳，倒逼 整个行业、整个产业链能够形成合力。" 根据京东方公布的年报数据显示，其在2024年实现营业收入1983.81亿元，同比增长13.66%；归属于上市公司股东净利润53.23亿元，同比增长108.97%；归 属于上市公司股东的扣除非经常性损益的净利润38.37亿元，同比增幅达706.6%。 冯强表示，技术和创新是公司一直的坚持，要根据市场的需求、客户的需求来时刻分析消费趋势的变化，然后和公司的战略方向结合起来，只有这样才能去 推动更高的转 ...

日本显示器公司JDI宣布，将在日本国内实施约1500人规模的自愿离职计划。车载显示器业务将分出， 成立子公司。(科创板日报) ...

Group 1 - BOE (京东方) participated in the 2025 International Display Week and won the Annual Display Award for its innovations [1][3] - The event, hosted by the Society for Information Display (SID), featured over 200 companies, including industry giants like BOE and TCL, showcasing advancements in display technology from AI to virtual reality [3] - BOE presented over 30 new products powered by its three major display technology brands: ADS Pro, f-OLED, and α-MLED, along with cutting-edge applications in light field display, 3D, micro display, AI, and sensing [3][4] Group 2 - The CEO and CTO of BOE highlighted "technological innovation, green sustainability, and artificial intelligence" as the three main themes of this year's International Display Week [4] - BOE's exhibition focused on a "technology + green" theme, featuring a low-carbon green area and hosting a green ecology forum [4] - The company aims to leverage AI technology to expand consumer scenarios and plans to introduce more innovative technologies and products based on "AI + display" in collaboration with global partners [4]

Core Insights - The SID Display Week highlighted two major trends in the display industry: the iteration of new display technologies by leading manufacturers and the acceleration of globalization among panel manufacturers [1] - The focus on OLED technology is increasing, with significant growth expected in the mid-size market, particularly in laptops and automotive displays [4][5] Group 1: Industry Trends - The display industry is witnessing a shift towards new display technologies such as printed OLED, AMOLED, and Micro LED, with OLED penetrating various end-user markets [1] - Manufacturers are expanding their global footprint despite fluctuating trade environments, moving towards a model of "globalization + regionalization" to better meet local market demands [1] - TCL's factories in India and Vietnam are set to enhance local production capabilities, with the Vietnam factory expected to achieve mass production by September [1] Group 2: OLED Market Growth - OLED's penetration in the smartphone market is projected to reach 61.1% by 2025, while its penetration in the PC monitor segment is expected to grow to 1.9% [2] - The demand for OLED PC monitors is anticipated to reach 3 million units in 2025, representing a 49% year-on-year growth, and further increasing to 4.2 million units in 2026, with a 41% growth rate [2] Group 3: Product Innovations - TCL showcased its APEX technology brand and a full range of printed OLED products, covering sizes from 6.5 inches to 65 inches, including various display products [3] - BOE presented over 30 new products supported by its display technology brands, aiming for an OLED shipment target of 170 million units by 2025 [3] - Visionox introduced its ViP AMOLED technology, which boasts improvements in lifespan, brightness, and resolution for devices like smartwatches and laptops [3] Group 4: Market Dynamics - The demand for OLED in mid-size applications, such as laptops and automotive displays, is seen as a significant growth opportunity, with expectations of rapid growth in the next three to five years [4] - TCL is focusing on both mature evaporation OLED technology for high-end devices and printed OLED technology for mainstream mid-size products, with a projected 20% cost advantage for printed OLED [5] - The global panel industry experienced a demand recovery in Q1, but a potential phase of adjustment is anticipated in Q2 due to regional demand fluctuations and preemptive customer purchases [6][7] Group 5: Supply Chain and Production Strategies - The LCD TV panel market is currently balanced, with a supply-demand ratio of 5.7% in Q2, but price adjustments are expected due to external cost pressures [7] - TCL's acquisition of LGD's Guangzhou LCD production line aims to enhance cost efficiency and product diversification, with plans to introduce IT products alongside TV and commercial display products [7] - The industry may see further consolidation in LCD capacity, which could help mitigate market volatility, although the long-term market fundamentals remain crucial [7]

东南胜地、爱拼敢赢。 福建是改革开放的重要先行地，有坚实的实体经济、多区叠加的政策优势，承担着先行先试的多重使命。2024年10月，习近平总书记在福建考 察时强调，福建要"在中国式现代化建设中奋勇争先"。 06:33 闯新路 实体经济增动力 初夏时节，八闽大地万木葱茏、碧水涛涛。 走进泉州的晋江等地，鞋厂遍布、品牌林立。从家庭作坊起步，到入选国家先进制造业集群，依托科技创新和产业创新深度融合，泉州体育用 品产业持续走出上扬曲线。 扭住高质量发展这一首要任务，福建争当科技创新和产业创新深度融合的排头兵。 这是2024年7月4日拍摄的福州高新区全景（无人机照片）。新华社记者 魏培全 摄 "智改数转"巩固传统产业优势。 2024年，福建实施2205项省重点技改项目，技改融资专项规模扩大至近400亿元。累计为9000多家企业提供数字化解决方案，关键业务环节全 面数字化企业占比保持全国前列。 牢记嘱托、踔厉奋发。福建以约占全国1.3%的土地、3%的人口、3%的能耗创造了全国4.3%的经济总量。2024年，地区生产总值达5.77万亿 元，位居全国第八位。经济运行总体平稳、稳中有进，高质量发展扎实推进。 今年全国两会上，习 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued guidelines encouraging listed companies to establish long-term incentive mechanisms, but some companies misuse stock incentive plans for personal gain, leading to significant discrepancies between executive compensation and company performance [1][2]. Group 1: Stock Incentive Plans - In 2023, 175 companies in A-shares had stock incentive plans that failed to meet performance targets, yet executive salaries increased despite poor performance [1]. - Honghe Technology and Zhichun Technology have been criticized for promoting stock incentive plans while their major shareholders and executives continuously reduce their holdings [2][11]. Group 2: Honghe Technology - Honghe Technology's stock option incentive plan aimed to grant 5.5 million stock options, with performance targets set for net profit over three years [3][4]. - The company's actual net profits from 2022 to 2024 were 318 million, 287 million, and 176 million yuan, respectively, showing a decline in meeting performance targets, especially in 2024 [4]. - Despite failing to meet performance targets, executive compensation at Honghe Technology surged, with total pre-tax remuneration for executives reaching 27.72 million yuan in 2024, a 165.72% increase from the previous year [7][8]. Group 3: Zhichun Technology - Zhichun Technology has implemented multiple stock incentive plans but has seen its market value drop significantly, raising questions about the effectiveness of its market value management [11][17]. - From 2021 to 2024, Zhichun Technology's net profits were 162 million, 285 million, 102 million, and -57 million yuan, with significant declines in 2023 and 2024 [13]. - Executive compensation at Zhichun Technology increased by 73.61% in 2024, despite the company's poor performance and failure to meet incentive plan targets [13]. Group 4: Regulatory Concerns - The CSRC has emphasized a "zero tolerance" policy towards companies that engage in "pseudo-market value management," which includes misleading disclosures and insider trading [17]. - Both Honghe Technology and Zhichun Technology have faced scrutiny for their internal controls and the actions of their executives, suggesting a need for regulatory intervention [9][10].

Group 1 - The automotive display sector is a significant revenue growth point for panel companies, leading them to integrate more features into automotive displays due to intensified competition in the automotive industry [1][3] - At the SID 2025 event, various new automotive display technologies were showcased, including a 12.3-inch hidden display from Deep Tianma and a 14.3-inch Micro LED projection head-up display from TCL Technology [3][4] - BOE presented a 55-inch OLED transparent sunroof with a 46% light transmittance and an OLED screen in the smart steering wheel that integrates multiple safety features [4][5] Group 2 - In the past year and the first quarter of this year, automotive displays have been a key performance driver for Chinese panel companies, with Deep Tianma's automotive business revenue growing over 30% year-on-year in Q1 2025 [5][6] - Sigmaintell forecasts that global automotive display panel shipments will continue to grow rapidly, with a projected year-on-year increase of 5.4% to 250 million units in 2025 [5][6] - The automotive display market is shifting towards larger and higher-end displays, with Omdia predicting a compound annual growth rate of 3.05% for automotive display module shipments over the next three years [5][6] Group 3 - Companies are focusing on developing new display technologies such as Micro LED for automotive applications, with Deep Tianma's Xiamen Micro LED production line targeting automotive displays as a key application area [6] - The competitive automotive market is driving companies to establish strategic partnerships with leading automotive manufacturers while being cautious about collaborations with emerging automotive startups [6]

值得一提的是，TCL华星的印刷OLED技术在取得量产突破后，正加速构建覆盖全尺寸、全形态、全场 景的产品矩阵。在今年的SID显示周，TCL华星携众多搭载印刷OLED前沿显示技术的印刷OLED"全家 桶"首次亮相海外，包括全球首款印刷OLED手机显示、全球首款印刷OLED平板显示、全球首款氧化物 印刷OLED笔电显示等，引发了业界的广泛关注。 本报讯 （记者丁蓉）当地时间5月13日，2025年SID显示周在美国加州圣何塞正式开幕。这场全球最具 影响力的显示领域专业盛会，汇聚了世界最前沿的显示技术成果，吸引了众多全球顶尖科技企业参加。 作为全球半导体显示行业领军企业，TCL华星光电技术有限公司（以下简称"TCL华星"）携APEX臻图 和印刷OLED"全家桶"等众多创新成果亮相展会，成为全场焦点。 APEX臻图是TCL华星的先进显示技术品牌。此次亮相SID盛会，APEX臻图聚焦更宜人的显示体验、更 信赖的视觉健康、更永续的绿色低碳、更无限的未来想象四大维度，以超大36：9 MLED显示、超高亮 Micro LED PHUD显示、全球首款类自然光谱轻薄平板显示、超低功耗8：9艺术TV显示、全球最低功耗 LTPO笔电显 ...

Core Viewpoint - *ST Hengtai is undergoing a significant transformation, focusing on its core businesses of electronic paper and general display, while actively managing its financial health and exploring new business opportunities through partnerships and strategic investments* [1][2][3] Financial Performance - In Q1 2025, the company reported revenue of 366 million, an increase of 8.63% year-on-year, and a net profit of 4.08 million, up 101.06% year-on-year [23] - The company's debt ratio stands at 25.61%, indicating improved financial stability [23] Business Strategy - The company is focusing on enhancing its electronic paper business, which accounted for 67.7% of total revenue in 2024, with a gross margin of 19.49% [22][23] - Plans include expanding into overseas markets, particularly through the establishment of a factory in Vietnam and a subsidiary in Germany [22][21] - The company aims to leverage AI and IoT technologies to create integrated solutions in various application scenarios, including smart retail and education [22][21] Corporate Governance and Compliance - The company has submitted an application to the Shenzhen Stock Exchange to remove the delisting risk warning, as it has resolved previous financial issues [2][3] - Ongoing investigations have not yet yielded conclusive results, but the company is committed to transparency and will disclose relevant updates [2][12] Partnerships and New Ventures - The company is in discussions with industry investors to establish joint ventures, particularly in the computing power sector, although no substantial progress has been reported yet [4][17] - The collaboration with industry investors is seen as a way to enhance the company's resource capabilities and diversify its business model [4][21] Risk Management - The company is implementing strict credit management policies to control accounts receivable and minimize bad debt risks [5] - A focus on asset optimization and the divestiture of underperforming segments is part of the company's strategy to improve overall profitability [13][15]

证券代码： 002217 证券简称：*ST 合泰 投资者关系活动记录表 编号：2025-001 投资者关系活动 类别 □ 特定对象调研 □ 分析师会议 □ 媒体采访 ☑ 业绩说明会 □ 新闻发布会 □ 路演活动 □ 现场参观 □ 其他 参与单位名称及 人员姓名 投资者网上提问 时间 2025 年 5 月 14 日 (周三) 下午 14:00~17:00 地点 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） 采用网络远程的方式召开业绩说明会 上市公司接待人 员姓名 1、董事、总经理侯焰 2、副总经理、董事会秘书许政声 3、财务总监李寅彦 4、独立董事蔡高锐 投资者关系活动 主要内容介绍 公司就投资者在本次说明会中提出的问题进行了回复，具体 如下： 本文中所涉及的未来计划、发展战略等前瞻性描述不构成公 司对投资者的实质承诺，敬请投资者注意投资风险。 1、请问公司被立案调查是否会影响公司向交易所申请摘帽 摘星？ 回复：您好，鉴于公司在 2023 年度触及财务类退市指标和 持续经营不确定的情形已消除，且不触及其他退市风险警示的情 形，公司根据深交所相关规则提交了撤销退市风险警示和其他风 ...