京东方A公告，公司未来三年(2025年-2027年)股东回报规划已经制定。规划包括每年以现金方式分配的 利润不少于当年归属于母公司所有者的净利润的百分之三十五，以及每年用于回购股份并注销的资金总 额不低于人民币15亿元。此外，公司在有条件的情况下，可以进行中期利润分配。 ...

据介绍，12.3英寸仪表屏，集成了窄边框设计、高色域显示、超高分辨率等技术，14.6英寸中控 屏，采用了LTPS技术，并集成了TED内嵌式触控。 在应用方面，14.6英寸超高清智慧大屏搭载了Coffee OS 3智能座舱，触摸交互舒适。其画面效果 表现优异，还能根据驾乘人员的坐姿和使用场景自动调节亮度和高度，确保信息一目了然，提升 行车安全。 深天马表示，作为长城汽车的长期战略合作伙伴，在过去10多年的合作历程中，一直以技术创新 和客户需求为驱动，为其提供智能座舱显示系统解决方案，其车载业务覆盖了车载仪表、中控、 副驾娱乐、HUD等各类智能座舱显示产品。 图片来源：哈弗SUV官网 【WitsView整理】 根据深天马官方微信消息，近日上市的二代哈弗枭龙MAX，其搭载的12.3英寸 全液晶仪表和14.6英寸中控屏幕由深天马供应。 ▶ 关于集邦 上下滑动查看 and of pramexchange WitsWiews ColeDinside Colenergynend Hill Rightend Hill Right Claudi ng ...

Core Viewpoint - The article highlights the collaboration between Deep Tianma and Great Wall Motors, focusing on the advanced display technologies used in the newly launched Haval Xiaolong MAX, which features a 12.3-inch full LCD instrument panel and a 14.6-inch central control screen [1][2]. Group 1 - The 12.3-inch instrument panel incorporates narrow bezel design, high color gamut display, and ultra-high resolution technology [1]. - The 14.6-inch central control screen utilizes LTPS technology and features embedded touch control, enhancing user interaction [1][2]. - The 14.6-inch ultra-high-definition smart screen is equipped with Coffee OS 3, providing comfortable touch interaction and automatic adjustment of brightness and height based on user posture and usage scenarios, thereby improving driving safety [2]. Group 2 - Deep Tianma has been a long-term strategic partner of Great Wall Motors for over a decade, focusing on technological innovation and customer needs to provide intelligent cockpit display system solutions [2]. - The company's automotive business encompasses a wide range of intelligent cockpit display products, including instrument panels, central control screens, passenger entertainment systems, and HUDs [2].

Core Viewpoint - The latest report from TrendForce indicates that as of late April 2025, television panel prices and laptop panel prices remain stable, while monitor panel prices have increased. Group 1: Television Panels - The average price for a 65-inch television panel is $177, with a minimum price of $173 and a maximum of $182, showing no change from the previous month [5]. - The average price for a 55-inch television panel is $127, with a minimum price of $122 and a maximum of $130, also unchanged from the previous month [6]. - The average price for a 43-inch television panel is $66, with a minimum price of $64 and a maximum of $67, remaining stable [7]. - The average price for a 32-inch television panel is $36, with a minimum price of $35 and a maximum of $37, showing no change [8]. Group 2: Monitor Panels - The average price for a 27-inch IPS monitor panel is $62.9, which has increased by $0.2, or 0.3%, from the previous month, with a minimum price of $57.5 and a maximum of $65.6 [11]. - The average price for a 23.8-inch IPS monitor panel is $49.7, reflecting an increase of $0.3, or 0.6%, from the previous month, with a minimum price of $47 and a maximum of $51.2 [12]. Group 3: Laptop Panels - In April, the prices for various laptop panel sizes remained unchanged from the previous month. The average price for a 17.3-inch TN panel is $38.3, with a minimum price of $37.7 and a maximum price of $39.8 [14]. - The average price for a 15.6-inch Value IPS panel is expected to be $40.3, consistent with the previous month, with a minimum price of $38.6 and a maximum price of $41.9 [14]. - The average price for a 14.0-inch TN panel has remained stable at $26.9, with a minimum price of $26.4 and a maximum price of $28.1 [14]. - The average price for an 11.6-inch TN panel has also remained stable at $25.1, with a minimum price of $24.2 and a maximum price of $26.5 [14].

因技术进步与新产品的带动，预计2025年QD-OLED在OLED显示器出货占比将升至73% 根据Tr endFor c e集邦咨询最新研究，OLED显示技术持续发展，带动QD-OLED显示器(monitor)出 货量成长， 预计在OLED显示器的占比将从2024年68%提升至2025年73% ，展现出在高阶显示 器领域的竞争力。受到市场需求趋动，预期未来将有更多品牌和产品线采用QD-OLED技术，以提 升画质表现与刷新率，以满足高阶玩家和专业使用者的需求。 点击右边 阅读原文 了解更多详情 国际形势变化带动拉货潮，预估2Q25存储器合约价涨幅将扩大 根据Tr endFor c e集邦咨询最新调查，近期国际形势变化已切实改变了存储器供需方操作策略。 Tr endFor c e资深研究副总吴雅婷表示，由于买卖双方急于完成交易、推动生产出货，以应对未来市 场不确定性，预期第二季存储器市场的交易动能将随之增强。 点击右边 阅读原文 了解更多详情 TrendForce 存储产业 趋势分析 商业洞察 信息精选 PS:当您需要在报道中引用TrendForce集邦咨询提供的研报内容或分析资料，请注明资料来源为TrendFor ...

4月15日晚，京东方A(000725)发布2024年业绩快报及一季度业绩预增公告。 2024年，京东方A实现营收1983.81亿元，同比增长13.66%；净利润为53.23亿元，同比增长108.97%；扣 非净利润为38.37亿元，同比增长706.60%。 京东方A表示，LCD方面，受供应端坚持按需生产、需求端"以旧换新"政策强力刺激、创新应用扩类增 量等影响，主要应用领域呈现结构性改善。电视类应用同比增长明显，中国大陆市场下半年重现增长态 势，大尺寸化程度再创新高；海外市场需求受体育赛事和促销拉动也呈现出向好的趋势，产品价格全年 波动上行。 同时，京东方A在智能手机、平板电脑、笔记本电脑、桌面显示器、电视等主流应用领域保持出货量全 球第一。公司重点发力超大尺寸(85寸及以上)产品，出货量位居全球第一；UBCell技术持续迭代，匹配 高端电视产品需求。 柔性AMOLED方面，2024年全年出货量约1.4亿片，同比持续增长，产品结构明显优化，高端占比显著 提升。其中，量产交付全球首款三折产品，折叠产品整体出货增长约40%；Tandem双层串联智能手机 终端方案独供多家品牌旗舰机型，实现量产出货。同时，京东方A积 ...

京东方A公告，2024年度营业总收入为1983.81亿元，同比增长13.66%；归属于上市公司股东的净利润 为53.23亿元，同比增长108.97%；扣除非经常性损益后的归属于上市公司股东的净利润为38.37亿元， 同比增长706.60%；基本每股收益为0.14元，同比增长133.33%。 ...

Core Viewpoint - The OLED industry is at a critical juncture as it expands into medium and large-sized markets, facing challenges related to cost and technology bottlenecks [2][5]. OLED Application Expansion Status - In 2024, the penetration rate of OLED technology in the smartphone sector is expected to exceed 60%, with foldable phones being a significant highlight [3]. - Advances in 3D printing technology and ultra-thin glass (UTG) have improved the thickness and cost of foldable screens, enhancing their market potential [3]. - Apple is rumored to launch a foldable phone in 2026, which may accelerate industry standards and supply chain maturity [3]. Medium and Large-Sized OLED Market - The application of OLED in medium and large-sized displays, such as monitors and laptops, is growing but remains in the early stages compared to smartphones [5]. - Cost and lifespan issues are critical barriers for OLED technology in the medium-sized market [5]. - Major manufacturers like Samsung Display, BOE, and Visionox are investing in high-generation OLED production lines to capture this market [5]. Technical and Cost Challenges - Backplane technology is a key factor affecting OLED costs, with Samsung opting for Oxide technology and BOE choosing LTPO technology [5]. - LTPO technology, while promising, is more complex and costly, primarily used in small-sized panels [6]. - Upgrading deposition technology from 6th to 8.6th generation presents challenges, including increased difficulty in developing fine metal masks (FMM) and issues with color deviation [6][8]. Cost Dynamics in Production - The cost of OLED panels varies significantly across different generations, with 5.5 generation lines producing panels at a cost of $70-$80, while 6th generation lines may see costs rise to $100-$120 [8]. - Initial costs for higher generation lines can reach $600-$700 due to equipment investment and yield issues, but costs are expected to decrease over time [8][9]. Competitive Landscape: QD-OLED vs. WOLED - QD-OLED, led by Samsung, enhances color purity and brightness but is currently more expensive due to new equipment and material costs [11][13]. - WOLED, developed by LG Display, offers better uniformity and lower costs but may suffer from color saturation issues in high brightness scenarios [11][13]. - Both technologies are evolving, with QD-OLED improving energy efficiency and WOLED enhancing white light brightness [13]. Conclusion - Domestic manufacturers are making breakthroughs in key materials and equipment, which will accelerate the reduction of OLED costs [14]. - The medium and large-sized OLED market is in a critical phase of technological innovation and cost control, with manufacturers exploring new production techniques [14][15]. - Despite challenges, the future of the medium and large-sized OLED market remains promising, driven by brand initiatives and ongoing technological advancements [15].

Core Viewpoint - The implementation of reciprocal tariffs by the U.S. starting April 9 is expected to impact the consumer electronics supply chain, particularly in Southeast Asia, leading to potential demand decline and price increases for end products [1][2]. Group 1: Tariff Impact on Supply Chain - The display industry may face tariffs on optical films and AMOLED organic materials, which could affect demand and pricing [1]. - Most of the liquid crystal display panels and related components are produced in Asia and do not directly export to the U.S., thus currently unaffected by the tariffs [1]. Group 2: Consumer Demand and Pricing - The increase in tariffs may lead to higher prices for consumer electronics, potentially affecting consumer confidence and demand for products like TVs and laptops [1]. - The IT market, which was expected to see a recovery in business demand, may experience delays as companies manage IT spending amid uncertain market conditions [1]. Group 3: Brand Strategies - Consumer electronics brands are considering strategies such as delaying shipments from Southeast Asia and optimizing production capabilities in Mexico to mitigate tariff pressures [2]. - With most brands holding about three months of inventory in the U.S., end product prices may start to rise in the second half of the year to offset increased costs from tariffs [2].

Domestic Financial Market - The Ministry of Foreign Affairs emphasizes China's commitment to true multilateralism and the protection of the multilateral trading system centered around the WTO [4] - The Ministry of Commerce held a roundtable meeting with representatives from over 20 US-funded enterprises [4] - The Ministry of Industry and Information Technology hosted a seminar on AI terminal benchmarks and intelligent classification [4] Industry Updates - As of the end of March, China's gold reserves reached 73.7 million ounces, with the central bank expanding its reserves for five consecutive months, impacting related stocks such as Zijin Mining and Chifeng Jilong Gold [5] - The first cross-provincial and cross-border freight station in the country has been officially launched, reducing costs by approximately 30%, affecting stocks like Baoshai Technology and SF Holding [5] - Display panel manufacturers maintained a capacity utilization rate above 80% in Q1 2025, influencing stocks such as BOE Technology Group and TCL Technology [5] Company Focus - Lianhua Holdings reported a significant increase in product sales and revenue in Q1 2025, with net profit expected to grow by 103% to 144% year-on-year [6] - Beijing-Shanghai High-Speed Railway signed a strategic cooperation framework agreement with the China Railway Economic Planning Research Institute [6] - Huaneng Hydropower achieved a power generation of 21.292 billion kWh in Q1 2025, a year-on-year increase of 31.22%, with grid-connected power reaching 21.104 billion kWh, up 31.42% year-on-year [6] - Heng Rui Medicine licensed its self-developed SHR7280 project to Merck KGaA, which will pay an upfront fee of €15 million [6] Market Review and Outlook - On April 7, the Shanghai and Shenzhen markets opened significantly lower due to US tariff policies and declines in external markets, with the Shanghai Composite Index closing down 7.34% at 3096 points and the ChiNext Index dropping 12.5%, marking its largest single-day decline [7] - The market faced accelerated declines due to sudden trade conflicts, but technical analysis suggests that the market may rebound after filling previous gaps [8] - The A-share market remains in a low valuation zone, with the manufacturing PMI returning above the growth line, and expectations for more favorable policies to be introduced [8]