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].

Core Viewpoint - In June 2025, there is a slight downward trend in television panel prices, while prices for monitors and laptop panels remain stable [1][4]. 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 of $171 to $180 [6]. - The average price for a 55-inch television panel is $126, also down by $1 or 0.8%, with a range of $121 to $129 [7]. - The average price for a 43-inch television panel is $65, down by $1 or 1.5%, with a range of $63 to $66 [8]. - The average price for a 32-inch television panel is $36, with a minimum of $35 and a maximum of $37 [9]. Monitor Panels - In June, monitor panel prices remain unchanged from the previous month [10]. - The average price for a 27-inch IPS panel is $63, with a range of $57.6 to $65.8 [11]. - The average price for a 23.8-inch IPS panel is $49.9, with a range of $47.1 to $51.4 [12]. Laptop Panels - In June, prices for laptop panels across all sizes remain stable compared to the previous month [12]. - The average price for a 17.3-inch TN panel is $38.3, with a range of $37.7 to $39.8 [13]. - The average price for a 15.6-inch Value IPS panel is $40.3, with a range of $38.6 to $41.9 [14]. - The average price for a 14.0-inch TN panel is $26.9, with a range of $26.4 to $28.1 [15]. - The average price for an 11.6-inch TN panel is $25.1, with a range of $24.2 to $26.5 [16].

Core Viewpoint - BOE Technology Group Co., Ltd. (referred to as "BOE") announced plans to acquire a 30% stake in Xianyang Rainbow Optoelectronics Technology Co., Ltd. (referred to as "Rainbow Optoelectronics") for a base price of 4.849 billion yuan, funded by self-raised capital. This transaction is significant for the consolidation of China's display panel industry and may accelerate the integration of LCD capacity and price order reconstruction in the short term [1]. Group 1 - Rainbow Optoelectronics, established in 2015, primarily engages in the production of TFT-LCD panels and modules, operating the LCD 8.6 generation line of Rainbow Shares. The G8.6 generation line is crucial for manufacturing large-size display panels, such as TVs and monitors [3]. - As of December 31, 2024, Rainbow Optoelectronics has total assets of 25.193 billion yuan and net assets of 15.868 billion yuan, with projected revenue of 10.291 billion yuan and net profit of 1.339 billion yuan for 2024. The company's total equity valuation is 16.812 billion yuan, reflecting a 3.46% increase [3]. - The sale of shares may provide significant funding for Rainbow Shares' glass substrate business, which is currently a key revenue contributor, generating 10.21 billion yuan in 2024, accounting for 87.49% of total revenue [3][4]. Group 2 - Rainbow Shares has shifted its strategic focus towards the glass substrate business, which has seen over 20% growth in 2024, despite the lower revenue contribution compared to LCD panels. The company has established 13 production lines with an annual capacity of 51 million square meters, holding over 30% market share domestically [4]. - The acquisition of Rainbow's LCD 8.6 generation line will enhance BOE's production capacity, particularly in the large-size panel segment, addressing its current shortfall in producing 100-inch panels. The VA technology used in Rainbow's 8.6 generation line offers advantages in contrast and viewing angles compared to BOE's mainstream IPS technology [6]. - If the acquisition is successful, the market share of the top three panel manufacturers is expected to increase from over 60% to more than 70%, leading to greater price stability and reduced cyclical volatility in the industry [6].

Group 1 - The OLED display panel market is expected to experience significant growth, with a projected 132% year-on-year increase in 2024, continuing into 2025 [1] - TrendForce has revised the OLED display panel shipment forecast for this year from 2.8 million units to 3.4 million units, reflecting a year-on-year growth adjustment from 40% to 69% [1] - The overall panel market is facing some impact from tariff policies, but the OLED segment remains relatively unaffected, driven by high acceptance among gaming players and the expansion of product lines by brands [1] Group 2 - Samsung and LGD are actively investing resources to advance OLED technology while reducing LCD production capacity [1] - Domestic companies like Lite-On Optoelectronics are benefiting from the expansion of OLED panel manufacturers and the acceleration of domestic production of OLED materials [2] - OLED industry chain upstream companies like OLED are positioned as core suppliers for major panel manufacturers such as BOE and Visionox, driven by both materials and equipment [2]

Group 1 - The mobile panel market continues to show structural differentiation as of the end of Q2, with a-Si panels benefiting from stable demand in the mid-to-low-end market, maintaining high utilization rates [1][3] - LTPS panels are driven by applications in automotive displays, leading to sustained full operation of main production lines, with major manufacturers like BOE and Tianma maintaining high production levels [3] - Flexible AMOLED panels have experienced a slight decline in demand due to adjustments in procurement rhythms by terminal brands after a period of rapid growth [1][3] Group 2 - The demand for a-Si panels remains strong, driven by pre-sale stocking needs for the "6.18" mid-year promotion, with prices stabilizing after a brief increase due to supply-demand tightness [3] - LTPS panel demand remains weak in the smartphone sector due to a clear trend of mid-to-high-end models migrating to AMOLED, keeping prices at low and stable levels [3] - Samsung Display has implemented a proactive price reduction strategy for rigid AMOLED to stimulate demand, but market feedback has been lukewarm, with limited effects on sales [3] Group 3 - Flexible AMOLED production lines have slightly decreased from full capacity, with expectations of moderate price adjustments in June to maintain utilization levels, while a return to high utilization is anticipated in Q3 as the traditional peak season approaches [3]

Group 1 - TrendForce has revised the OLED display panel shipment forecast for this year from 2.8 million to 3.4 million units, reflecting a year-on-year growth rate increase from 40% to 69% [1][4] - The OLED display panel market is experiencing strong growth momentum, driven by high acceptance among gaming players and the expansion of product lines by brands [4][5] - Samsung Display (SDC) and LG Display (LGD) continue to dominate the OLED display panel supply, with SDC shifting focus to OLED displays due to growth bottlenecks in OLED TV panels [4] Group 2 - LGD has adjusted its OLED display panel shipment target for this year to 800,000 units, with potential for further upward revision to 1 million units due to strong customer demand [4] - ASUS and MSI are actively promoting OLED display products, with ASUS's demand expected to exceed 500,000 units, contributing to LGD's positive outlook on OLED displays [5] - The Chinese market's trade-in policy is boosting domestic demand for OLED displays, prompting local second-tier brands to expand their product lines [5]

Core Insights - The OLED display panel market is experiencing strong growth, with a projected shipment increase from 2.8 million to 3.4 million units in 2025, reflecting a year-on-year growth rate adjustment from 40% to 69% [1][3]. Group 1: Market Dynamics - Despite overall economic pressures, both buyers and sellers in the OLED display panel market maintain a positive outlook, continuing the momentum from a 132% growth in 2024 [1]. - The impact of tariff policies on the overall panel market is noted, but OLED display panels are less affected, primarily due to high acceptance among gaming players, prompting brands to expand their product lines [3]. Group 2: Key Players and Strategies - Samsung Display (SDC) and LG Display (LGD) dominate the OLED display panel supply, with SDC shifting focus to OLED displays as OLED TV panel growth encounters limitations [3]. - LGD, initially constrained by losses in the LCD business, has revised its shipment target for OLED display panels from below 700,000 to potentially 1 million units due to strong customer demand [4]. Group 3: Demand Drivers - Gaming brands like ASUS and MSI are aggressively promoting OLED display products, with ASUS expected to exceed a demand of 500,000 units, significantly increasing the demand for WOLED panels [4]. - The Chinese market's trade-in policy is stimulating domestic demand for OLED displays, encouraging local second-tier brands to expand their product lines [4].

Core Viewpoint - The mobile display panel market continues to show structural differentiation, with a-Si panels benefiting from stable demand in the mid-to-low-end market, LTPS panels driven by automotive display applications, and flexible AMOLED panels experiencing a slight decline in demand due to adjustments in terminal brand procurement rhythms [2][3][4]. Group 1: a-Si Panels - The demand for a-Si panels remains strong, driven by the "6.18" mid-year promotional stocking needs, leading to full-capacity operation of main production lines [4]. - After a brief price increase due to supply-demand tightness in the South China market, prices have stabilized, and module prices for brand customers remain steady [4]. Group 2: LTPS Panels - LTPS panels are benefiting from rapid growth in the automotive display market, with major manufacturers like BOE and Tianma maintaining full production capacity, expected to continue until the end of 2025 [4]. - However, in the smartphone sector, the trend of mid-to-high-end models shifting towards AMOLED has resulted in weaker demand for LTPS panels, keeping prices at low and stable levels [4]. Group 3: AMOLED Panels - As domestic smartphone manufacturers accelerate their shift to flexible AMOLED, demand for rigid AMOLED is contracting. Samsung Display has implemented price cuts to stimulate demand, but market feedback has been lukewarm, limiting the effectiveness of these price reductions [4]. - Some flexible AMOLED production lines have slightly reduced from full capacity, with expectations of minor price adjustments in June to maintain operational levels. However, a stable price floor will be upheld, and with the traditional peak season approaching in Q3, production rates are expected to rebound, with potential slight price increases for certain scarce specifications [4][5]. Group 4: Price Forecast - CINNO Research predicts that a-Si panel prices will remain stable in June and July 2025, while LTPS panel prices are expected to stay stable in the short term. Rigid AMOLED panel prices are also anticipated to remain stable, with flexible AMOLED panel prices expected to stabilize after a slight decline in June [5].