Core Viewpoint - The establishment of Yantai Wanmei New Materials Co., Ltd. represents a strategic move by Wanhua Chemical to enter the display materials sector, indicating a significant shift in the industry landscape as domestic players intensify their efforts in this field [2][6]. Group 1: Company Establishments and Collaborations - Yantai Wanmei New Materials Co., Ltd. was founded with a registered capital of 100 million RMB, focusing on the sales of synthetic materials and specialized chemical products, excluding hazardous chemicals, and new materials technology research and development [1]. - Wanhua Chemical holds a 70% stake in Yantai Wanmei, while Hefei Xinmei Materials Technology Co., Ltd. owns 30% [1]. - Other notable companies entering the display materials market include Changshu Shihehua New Materials Co., Ltd., established with a capital of 20 million RMB, focusing on the research and sales of display photoresist color paste [3][5]. Group 2: Industry Trends and Developments - The display materials sector is experiencing heightened competition, with domestic companies ramping up efforts as foreign firms exit or transform [6]. - By 2025, domestic display material manufacturers are expected to focus on patents, production capacity, and financing to enhance their competitive edge [6][11]. - Significant investments in projects related to optical display films and materials are underway, with companies like New Mei Materials investing 4.5 billion RMB to establish five intelligent production lines [7]. Group 3: Market Demand and Future Outlook - The demand for display materials is projected to increase as the localization rate of LCD panels rises and new high-generation OLED production lines come online [10]. - The market for materials required for TFT-LCD and OLED, including photoresist color paste and optical films, is expected to expand in line with the growth in panel production [10][11].

Core Viewpoint - The establishment of Changshu Shihehua New Materials Co., Ltd. represents a strategic partnership between Shiming Technology and TCL Technology's subsidiary, focusing on the development and sales of display photoresist color paste, enhancing competitive advantages in the display panel industry [1][2]. Company Establishments - Changshu Shihehua New Materials Co., Ltd. has a registered capital of 20 million RMB, with Shiming Technology holding 66% and TCL's subsidiary holding 34% [2]. - TCL Technology also established Wuxi Hongchuan Intelligent Technology Co., Ltd. in January 2025, focusing on artificial intelligence application software development, with a registered capital of 2 million RMB [2]. Industry Trends - The formation of new companies in the display industry during the first half of 2025 indicates a trend of focusing on niche markets, risk diversification, and market expansion among major display manufacturers [3][5]. - Companies like JDI and TCL are restructuring their operations to enhance management autonomy and decision-making agility, which is crucial for their growth in specific sectors [4][5]. Strategic Intentions - The establishment of subsidiaries allows companies to better capture market demands and optimize product upgrades, as seen with Shiming Technology's collaboration with TCL [2][5]. - The trend of forming joint ventures and subsidiaries is a strategic move to mitigate operational risks and financial pressures, as demonstrated by JDI's transfer of patent assets to newly established companies [5][6]. Market Expansion - Companies like Deep Tianma are expanding internationally by establishing subsidiaries in Thailand to enhance their global competitiveness through localized production and services [5]. - The collaboration between AU Optronics and E Ink Holdings to create a large electronic paper module production line exemplifies efforts to tap into new market opportunities [5].