Core Viewpoint - The display industry is entering a rebalancing phase, with ongoing adjustments and optimizations in supply and demand dynamics [1] Industry Trends - The supply side is transitioning into a stock era, while the demand side is experiencing accelerated inventory destocking [1] - The industry landscape is being reshaped, shifting focus from "scale and market share" to "high profitability, high technology, and high added value" [1] - The industry is moving towards high-quality development through "production on demand" [1] Product Trends - LCD technology will remain the mainstream application in the display industry in the medium to long term, while OLED is making breakthroughs in high-end segments [1] - The demand structure for LCD is continuously optimizing, with a strong trend towards larger TV sizes and innovations in high-resolution and high-refresh-rate products [1] - The market share of foldable OLED screens is steadily increasing, and OLED is expected to find more opportunities in the IT and automotive mid-size markets [1]

Core Insights - The third quarter is a critical phase for consolidating the achievements of the first half of the year and pushing towards annual goals [1] Group 1: Project Developments - A significant project, the Ruihua vehicle display cover and module project, has commenced with a total investment of approximately 3 billion yuan, covering an area of about 180 acres [2] - The project aims to produce around 3 million vehicle display glass covers, 1 million vehicle display modules, and 500,000 vehicle HUD modules annually upon reaching full production [2] - The Huabo ultra-thin large-size display device and material R&D and manufacturing base project has a total investment of about 3 billion yuan and a construction area of approximately 300,000 square meters [2] Group 2: Technological Advancements - Ruihua Optical Technology has developed AI liquid crystal light-adjusting glass in collaboration with Tsinghua University, highlighting its market potential in automotive applications [3] - Huabo Optical Technology's ultra-thin large-size display devices are widely used in commercial displays, tablets, medical control, and automotive displays, leading the market share in the industry [3] Group 3: Service and Support - Huabo Optical Technology has enhanced its production capabilities through smart upgrades, achieving an annual production capacity of 1.3 million large-size electronic glass [4] - The company has benefited from local government support in land acquisition and talent introduction, facilitating a faster project implementation process [4] Group 4: Economic Impact - The establishment of a new display industry park covering 1.87 square kilometers is planned, aiming to reach a scale of 10 billion yuan by the end of 2030 [5] - In the first half of the year, the province's major projects achieved a completion investment rate of 60% and an opening rate of 90%, surpassing provincial averages [6] Group 5: Strategic Focus - Major projects are viewed as a stabilizing force for the economy and a critical support for high-quality economic development [7] - The city is committed to enhancing project reserves, planning, and coordination to drive new momentum for high-quality growth [7]

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies within it [24]. Core Insights - The Shanghai Municipal Commission of Economy and Informatization released an action plan to accelerate the development of the next-generation display industry, focusing on Micro LED, silicon-based OLED, and flexible displays, aiming for international advanced levels by 2030 [1][9]. - The action plan emphasizes leveraging Shanghai's semiconductor manufacturing strengths to overcome critical bottlenecks in the display supply chain, enhancing stability and security [2][10]. - The smart glasses market is projected to grow at a compound annual growth rate (CAGR) of 44.7% from 2024 to 2030, with expected sales reaching 14.43 million units by 2030, primarily driven by consumer AR adoption [3][12]. Summary by Sections Event Overview - On July 22, the Shanghai action plan outlines strategies for the next-generation display sector, focusing on end-market demand and establishing a comprehensive industrial system [1][9]. Technological Pathways - The plan identifies two key technological pathways: Micro LED and silicon-based OLED, with a focus on supporting full-color Micro LED microdisplays for mass production [2][3]. Core Areas for Breakthroughs - The report highlights four core areas for breakthroughs: optical waveguides, driver chips, core equipment, and key materials, aiming to enhance supply capabilities and product competitiveness [2][3]. Market Projections - By 2030, consumer AR devices are expected to account for 11.73 million units of the smart glasses market, with glass-based waveguides remaining the dominant technology [3][12]. Key Companies to Watch - Companies of interest include Goertek Optical, Sunny Optical, JBD for Micro LED, Bestechnic for SoC, and XREAL for smart glasses [5][14].

Core Viewpoint - The article highlights the strategic development of the next-generation display industry in Shanghai, focusing on technologies such as Micro LED, silicon-based OLED, and flexible displays, which are essential for the metaverse and high-definition visual experiences [1][3][4]. Group 1: Action Plan Overview - The Shanghai Municipal Economic and Information Commission released the "Action Plan for High-Quality Development of the Next-Generation Display Industry (2026-2030)", aiming to cultivate over three leading domestic enterprises in key technologies [1][4]. - The plan emphasizes the construction of a comprehensive "1+2+3+4" industry system, targeting a complete industrial chain and ecosystem by 2028, with international competitiveness by 2030 [4]. Group 2: Smart Glasses Development - The action plan encourages the development of smart glasses production capabilities, including the establishment of intelligent and automated production lines [2][4]. - It aims to foster AI+AR and AI+MR glasses, focusing on lightweight, low power consumption, high resolution, and wide field of view technologies [4]. Group 3: Next-Generation Display Applications - The plan explores innovative applications of next-generation display technologies in various sectors, including automotive displays, holographic displays, and electronic paper displays [5]. - It aims to enhance product innovation in car displays, such as instrument panels and head-up displays (HUD) [5]. Group 4: Micro LED and Silicon-based OLED Technologies - The initiative supports the mass production of full-color Micro LED micro-displays, targeting breakthroughs in low-power CMOS backplanes and high PPI Micro LED arrays [6]. - It also focuses on advancing silicon-based OLED technology for ultra-high resolution displays, addressing issues like color reproduction and latency [6]. Group 5: Market Outlook for AI Glasses and Mini LED - Global sales of AI smart glasses are projected to reach 550,000 units in Q1 2025, with significant contributions from brands like Ray-Ban Meta and Xiaomi [8]. - The Mini LED backlight module market is expected to grow to 15.6 billion yuan by 2028, with a CAGR of 29% from 2024 to 2028, indicating strong growth potential in the display technology sector [10].

Core Viewpoint - The Shanghai Municipal Economic and Information Commission has issued the "Action Plan for the High-Quality Development of the Next-Generation Display Industry (2026-2030)", aiming to establish a complete industrial chain and advanced technology levels by 2030 [1] Summary by Relevant Sections - **Industry Goals** - By 2028, the plan aims to create a complete industrial chain, a well-developed industrial ecosystem, and leading technological levels in the next-generation display industry [1] - By 2030, the competitiveness of the next-generation display industry, supporting capabilities, and regional competitiveness are expected to reach internationally advanced levels [1] - **Industry Development Strategy** - The action plan emphasizes deep integration with the national industrial chain and aims to cultivate a number of strong segments within the industry [1] - The focus is on enhancing the resilience and completeness of the industrial chain [1]

Core Viewpoint - The release of international standards for quantum dot light conversion films marks a significant breakthrough for China in the field of nano-display technology, establishing a framework for reliability evaluation and product specifications [1] Group 1: International Standards - China has led the development of international standards for quantum dot light conversion films, including testing methods for optical stability under extreme conditions [1] - The standards provide a unified basis for assessing product reliability, which is crucial for the industry [1] Group 2: Industry Impact - The implementation of these standards is expected to facilitate large-scale production and widespread application of quantum dot light conversion films [1] - This development is anticipated to activate the trillion-yuan display industry, enhancing its growth potential [1]

北京时间7月14日凌晨3:00，世俱杯决赛，切尔西爆冷以3：0大胜巴黎圣日耳曼，勇夺冠军。2025年世 俱杯开赛一个多月以来，海信作为FIFA首个VAR（视频助理裁判）显示官方合作伙伴，助力裁判精准 判罚，让球迷过足了"身临其境"观赛的瘾。 过去一个月，足球热浪跨越洲际持续升温：世俱杯赛场群雄逐鹿，豪门俱乐部的巅峰对决、火星四溅的 绝杀时刻与悬念迭起的比赛进程，点燃了海内外球迷的观赛激情。以海信为代表的中国科技企业在长期 与足球赛事的深度合作中，以科技赋能足球，实现了与足球产业的紧密融合。 "由于近年围绕足球赛事、转播的新兴技术层出不穷，科技对足球事业的支撑力显著增强。"近日，由 《经济观察报》联合中国式现代化研究院共同发布的以"'足'够热爱：当代中国球迷的坚守"为主题的 《中国足球环境及未来发展白皮书（2025）》（下称《白皮书》）认为，科技与足球的深度融合，正重 塑足球这项全世界最大的运动，使之不断焕发出新的生机和活力。 "赛场上总有中国的身影" "虽然中国球队没有出现在世俱杯赛场，但是场上却总能看到中国的身影，"一位飞跃万里海洋现场观看 比赛的中国球迷满脸自豪地开玩笑说。确实，中国科技品牌如今在全球舞台 ...

Group 1 - BOE has made significant progress in the construction of its future display industrial park and education equipment sector, with new developments in Beijing and Lanzhou [1][4] - The future display industrial park in Beijing was officially inaugurated on July 4, 2025, during the Global Digital Economy Conference, focusing on ultra-high-definition industry integration and innovation [1][3] - The park aims to create a complete ecosystem for future display technology innovation, integrating AI, AIGC, virtual reality, and 5G/6G technologies [1][3] Group 2 - The education equipment production line and training base project signed in Lanzhou on July 7, 2025, involves an investment of 200 million yuan, aimed at upgrading the education equipment industry in the region [4][6] - BOE Yiyun has been providing integrated solutions for various educational institutions since 2020, including customized hardware and software products [4][6] - The company showcased various sizes of interactive smart panels at the 83rd China Education Equipment Exhibition in April 2024, emphasizing the benefits of larger screens in reducing visual fatigue for students [6]

Core Industry Insights - The ultra-high-definition video display industry is one of the ten strategic pillar industries in Guangdong, with Guangzhou projected to achieve an output value exceeding 200 billion yuan in 2024, reflecting a nearly 8% year-on-year growth [1] - The production capacity for ultra-high-definition panels, display modules, polarizers, and ultra-high-definition TV boards ranks among the top in the country [1] Application and Market Reach - Smart screens have a wide range of applications beyond traditional devices like TVs and tablets, including interactive blackboards in classrooms and smart appliances [6] - The core components of these smart screens are in high demand globally, indicating a robust market presence [2] Manufacturing and Technology - A major smart manufacturing facility produces 10 million display motherboards annually, with one in three televisions globally using its motherboards [7] - Each motherboard contains over 1,700 components, with more complex displays having up to 2,000 components [7] Quality Control and Efficiency - The manufacturing process employs AI and machine vision for quality control, achieving micron-level precision in component inspection, significantly improving efficiency by over two times [9] - The facility has established a pilot line for testing new technologies and materials in production, contributing to a 16.8% growth in overseas business in 2024 [10] Industry Cluster Development - The new display industry chain is rapidly clustering, with over 130 large-scale enterprises in the Guangzhou Development Zone, covering the complete industry chain [11] - The ultra-high-definition industry cluster is expected to surpass 900 billion yuan in revenue in 2024, moving towards a trillion-yuan industry cluster, thus injecting new momentum for high-quality development [11]

Group 1 - The "Investment Chengdu" Global Investment Conference held on June 18, 2025, saw significant project signings, with Chengdu Industrial Investment Group achieving notable partnerships in the "Star Computing Plan" global headquarters and engine projects [1] - The "Star Computing Plan" aims to establish a chain fund that will enhance the satellite internet and application industry ecosystem in Chengdu, marking a significant step in the city's industrial development [4][5] - Chengdu Industrial Investment Group has been actively investing in strategic emerging industries, with the Heavy Industry Fund supporting various innovative projects, including flying cars and reusable rocket production bases [4][5] Group 2 - Since its establishment in December 2020, the Heavy Industry Fund has invested in over 110 companies, focusing on "invisible champions" and specialized small giants within the industry [5] - The fund has successfully attracted and nurtured over 20 leading enterprises, with a total investment of nearly 30 billion yuan, driving industry investments exceeding 220 billion yuan [7] - The recent investment of 1 billion yuan in the aviation industry project reflects a deepening of central-local strategic cooperation, aimed at enhancing local leading enterprises and upgrading the aviation supply chain [8]