11月20日，TrendForce集邦咨询发布11月面板价格，与月初预期一致。具体来看：11月电视面 板价格全面下跌，显示器面板价格与前月持平，笔电面板部分尺寸价格下跌。 | | | | ZUZJ. IL.ZV | | --- | | 十四·大ノ山「 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 应用别 | 尺寸 | 分辨率 | 出货型态 | | | 液晶显示屏价格 | | | | | | | | ਵ | 글 | 均价 | 与前月差异(%) | | | 电视 | 65" W | 3840x2160 | Open-Cell | 162 | 171 | 168 | -3.0 | -1.8% | | | 55" W | 3840x2160 | Open-Cell | 114 | 124 | 121 | -2.0 | -1.6% | | | 43" W | 1920x1080 | Open-Cell | el | ୧૨ | 63 | -1.0 | -1.6% | | | 32"W | 1366x768 | Ope ...

TrendForce集邦咨询公布的11月面板价格显示，2025年11月，电视面板价格全面下跌，进入第四季后， 厂商在面板价格上采取更为灵活的策略，预估11月份的电视面板价格仍维持跌价态势；显示器面板价格 与前月持平，买卖双方在价格的共识上仍是以持稳为主；笔电面板部分尺寸价格下跌。 具体内容如下： 电视面板 显示器面板 进入第四季后，显示器(MNT)面板需求呈现较疲软的态势，不过对面板厂而言，主流MNT面板持续处 于亏损状态，因此面板厂在价格上没有太多让步的空间，也不愿意扩大生产规模，因此目前买卖双方在 价格的共识上仍是以持稳为主，就11月份的MNT面板价格来看，仅有23.8吋Open Cell面板因为需求明 显更弱，预估价格下跌0.2美元之外，其余主流尺寸价格皆呈现持平态势。 笔电面板 进入11月份，目前存储器价格大幅飙升，暂时还未影响到品牌客户对面板的采购动能，第四季整体采购 动能仍符合原先预期，但品牌客户要求面板价格下调的想法未变，面板厂也意识到除了原本台面下优惠 外，台面上的价格也要开始作调整，以满足客户的要求。因此就11月份的笔电(NB)面板价格来看，目 前仅有TN面板维持持平之外，其余IPS主流尺寸 ...

Core Insights - The article discusses the panel price trends for November 2025, highlighting a decline in TV panel prices while monitor panel prices remain stable, and some laptop panel prices decrease slightly [3][6]. TV Panel Prices - In November 2025, TV panel prices are expected to continue their downward trend, with specific forecasts indicating a drop of $1 for 32-inch and 43-inch panels, $2 for 50-inch and 55-inch panels, and $3 for 65-inch and 75-inch panels [3][6]. - Despite being a traditional off-season for TV panel demand, some brands are actively pushing to meet year-end targets, leading to increased demand for TV panels in the fourth quarter [3]. Monitor Panel Prices - The demand for monitor (MNT) panels is showing signs of weakness, with most mainstream sizes maintaining stable prices, except for the 23.8-inch Open Cell panel, which is expected to decrease by $0.2 [6]. - Panel manufacturers are facing losses on mainstream MNT panels, limiting their ability to lower prices significantly [6]. Laptop Panel Prices - For laptop (NB) panels, only TN panels are expected to remain stable, while other IPS mainstream sizes are projected to decrease by $0.1 to $0.2 [6]. - The overall purchasing momentum for panels in the fourth quarter aligns with previous expectations, despite rising storage prices not yet impacting brand customers' procurement [6].

Core Insights - The article discusses the price trends of various display panels in November 2025, highlighting a general decline in television panel prices while monitor panel prices remained stable and slight decreases in laptop panel prices [2][5][6]. Television Panels - The average price of 65-inch television panels is $168, down $3 from the previous month, a decrease of 1.8% [5]. - The average price of 55-inch television panels is $121, down $2 from the previous month, a decrease of 1.6% [5]. - The average price of 43-inch television panels is $63, down $1 from the previous month, a decrease of 1.6% [5]. - The average price of 32-inch television panels is $34, down $1 from the previous month, a decrease of 2.9% [5]. Monitor Panels - The prices of monitor panels remained stable in November, with the average price of a 27-inch IPS panel at $63 [6][7]. - The average price of a 23.8-inch IPS panel is $49.9, with no change from the previous month [8]. Laptop Panels - The average price of a 17.3-inch TN panel is $38.1, down $0.1 from the previous month, a decrease of 0.3% [10]. - The average price of a 15.6-inch Value IPS panel is $40.1, down $0.1 from the previous month, a decrease of 0.2% [10]. - The average price of a 14.0-inch TN panel has stabilized at $26.9 since July 2024 [10]. - The average price of an 11.6-inch TN panel has also stabilized at $25.1 since July 2024 [10].

Core Viewpoint - TrendForce predicts a comprehensive price adjustment for TV panels in November, while monitor panel prices remain stable, and slight decreases are expected for some laptop panels [1][4][5][6]. Group 1: TV Panels - Demand for TV panels in November shows only a slight decline, with some brands still willing to increase orders. Panel manufacturers are making minor adjustments to production rates while remaining flexible to brand demands [4]. - Price forecasts for November indicate a decrease of $1 for 32-inch and 43-inch panels, $2 for 50-inch and 55-inch panels, and $3 for 65-inch and 75-inch panels [4]. Group 2: Monitor Panels - Demand for monitor panels has significantly weakened entering the fourth quarter, but manufacturers are reluctant to make substantial price concessions, leading to continued losses. As a result, the consensus is to maintain stable prices for most mainstream sizes [5]. - The only exception is the 23.8-inch VA Open Cell panel, which is expected to decrease by $0.1 due to slightly loosened supply [5]. Group 3: Laptop Panels - Despite entering the traditional off-season, demand for laptop panels is slightly stronger than expected, with some brand clients willing to increase purchase volumes. Manufacturers are adopting a lower bargaining stance to maintain customer relationships [6]. - Price expectations for November indicate that TN panel prices will remain stable, while IPS panel prices are anticipated to decrease by $0.1 [6].

Core Viewpoint - TrendForce predicts a comprehensive decline in TV panel prices for November 2025, while monitor panel prices are expected to remain stable compared to the previous month, with slight decreases anticipated for some laptop panels [4][5][6]. TV Panel Prices - TV panel demand has slightly weakened, but some brands are still willing to place orders. Panel manufacturers are making minor adjustments to production rates while accommodating brand demands. As the year-end approaches, most brand clients and panel manufacturers are beginning to observe panel prices [4]. - The forecast for November indicates a decrease of $1 for 32-inch and 43-inch panels, $2 for 50-inch and 55-inch panels, and $3 for 65-inch and 75-inch panels [5]. Monitor Panel Prices - Demand for monitor panels has significantly weakened entering the fourth quarter, but manufacturers are cautious in adjusting prices, leading to continued losses. Consequently, a consensus has been reached between buyers and sellers to maintain stable prices for monitor panels [6]. - The only expected price drop is for the 23.8-inch VA Open Cell panel, which may decrease by $0.1, while other mainstream sizes are anticipated to remain stable [6]. Laptop Panel Prices - Despite entering the traditional off-season, demand for laptop panels is slightly stronger than expected, with some brand clients willing to increase their purchase volumes. Panel manufacturers are adopting a more flexible pricing strategy to maintain customer relationships, leading to minor price concessions [7]. - The forecast for November suggests that TN panel prices will remain stable, while IPS panel prices are expected to decrease by $0.1 across the board [7].

Core Viewpoint - TrendForce's report indicates a downward adjustment in TV panel prices for November 2025, while monitor panel prices are expected to remain stable, and slight decreases are anticipated for some laptop panels [1][4]. TV Panels - The average price for 65-inch TV panels is projected to be $168, down by $3 or 1.8% from the previous month, with a minimum price of $162 and a maximum of $171 [5]. - The average price for 55-inch TV panels is expected to be $121, a decrease of $2 or 1.6% from the previous month, with a minimum price of $114 and a maximum of $124 [6]. - The average price for 43-inch TV panels is forecasted at $63, down by $1 or 1.6% from the previous month, with a minimum price of $61 and a maximum of $65 [6]. - The average price for 32-inch TV panels is estimated to be $34, a decrease of $1 or 2.9% from the previous month, with a minimum price of $33 and a maximum of $35 [7]. Monitor Panels - Prices for monitor panels are expected to remain unchanged this period [8]. - The average price for 27-inch IPS panels is projected to be $63, with a minimum price of $57.6 and a maximum of $65.8 [9]. - The average price for 23.8-inch IPS panels is expected to be $49.9, with a minimum price of $47.1 and a maximum of $51.4 [10]. Laptop Panels - The average price for 17.3-inch TN panels is projected to be $38.1, down by $0.1 or 0.3% from the previous month, with a minimum price of $37.5 and a maximum of $39.6 [11]. - The average price for 15.6-inch Value IPS panels is expected to be $40.1, a decrease of $0.1 or 0.2% from the previous month, with a minimum price of $38.4 and a maximum of $41.7 [11]. - The average price for 14.0-inch TN panels has stabilized at $26.9 since early July 2024, with a projected minimum price of $26.4 and a maximum of $28.1 [12]. - The average price for 11.6-inch TN panels has remained stable at $25.1 since early July 2024, with a projected minimum price of $24.2 and a maximum of $26.5 [13].

Core Insights - TrendForce's latest report predicts a comprehensive price reduction for TV panels by November 2025, while monitor panel prices are expected to remain stable compared to the previous month, with slight decreases anticipated for some laptop panels [2][5]. TV Panel Price Forecast - The average price for a 65-inch TV panel is projected to be $168, down by $3 or 1.8% from the previous month, with a range between $162 and $171 [5]. - The average price for a 55-inch TV panel is expected to be $121, a decrease of $2 or 1.6%, with prices ranging from $114 to $124 [5]. - The average price for a 43-inch TV panel is forecasted at $63, down by $1 or 1.6%, with a price range of $61 to $65 [5]. - The average price for a 32-inch TV panel is estimated at $34, a reduction of $1 or 2.9%, with prices between $33 and $35 [5]. Monitor Panel Price Forecast - The average price for a 27-inch IPS monitor panel is projected to be $63, with a price range from $57.6 to $65.8 [6]. - The average price for a 23.8-inch IPS monitor panel is expected to be $49.9, with prices ranging from $47.1 to $51.4 [6]. Laptop Panel Price Forecast - The average price for a 17.3-inch TN laptop panel is anticipated to be $38.1, down by $0.1 or 0.3%, with a price range of $37.5 to $39.6 [9]. - The average price for a 15.6-inch Value IPS laptop panel is expected to be $40.1, a decrease of $0.1 or 0.2%, with prices ranging from $38.4 to $41.7 [9]. - The average price for a 14.0-inch TN laptop panel has stabilized at $26.9 since early July 2024, with a range of $26.4 to $28.1 [9]. - The average price for an 11.6-inch TN laptop panel has also stabilized at $25.1 since early July 2024, with prices between $24.2 and $26.5 [9].

Core Viewpoint - The article discusses the price forecast for display panels in November 2025, indicating a general downward adjustment in television panel prices, while monitor panel prices are expected to remain stable, and slight decreases are anticipated for some laptop panels [2][5][9]. Television Panel Price Forecast - The average price for 65-inch television panels is projected to be $168, down by $3 from the previous month, representing a decrease of 1.8%. The lowest price is expected to be $162, and the highest $171 [5]. - The average price for 55-inch television panels is expected to be $121, down by $2, a decrease of 1.6%. The lowest price is projected at $114, and the highest at $124 [5]. - The average price for 43-inch television panels is forecasted at $63, down by $1, a decrease of 1.6%. The lowest price is expected to be $61, and the highest $65 [5]. - The average price for 32-inch television panels is anticipated to be $34, down by $1, a decrease of 2.9%. The lowest price is projected at $33, and the highest at $35 [5]. Monitor Panel Price Forecast - The average price for 27-inch IPS monitor panels is expected to remain stable at $63, with a lowest price of $57.6 and a highest price of $65.8 [6]. - The average price for 23.8-inch IPS monitor panels is projected to be $49.9, with a lowest price of $47.1 and a highest price of $51.4 [7]. Laptop Panel Price Forecast - The average price for 17.3-inch TN laptop panels is expected to be $38.1, down by $0.1, a decrease of 0.3%. The lowest price is projected at $37.5, and the highest at $39.6 [9]. - The average price for 15.6-inch Value IPS laptop panels is anticipated to be $40.1, down by $0.1, a decrease of 0.2%. The lowest price is expected to be $38.4, and the highest at $41.7 [9]. - The average price for 14.0-inch TN laptop panels has stabilized at $26.9 since July 2024, with a lowest price of $26.4 and a highest price of $28.1 [9]. - The average price for 11.6-inch TN laptop panels has also stabilized at $25.1 since July 2024, with a lowest price of $24.2 and a highest price of $26.5 [9].

Core Insights - TCL Technology reported a significant increase in revenue and net profit for the first three quarters of 2025, with total revenue reaching 135.9 billion yuan, a year-on-year growth of 10.5%, and net profit attributable to shareholders at 3.05 billion yuan, up 99.8% [1] - The company achieved a net profit of 1.16 billion yuan in Q3 alone, reflecting a quarter-on-quarter increase of 33.6% and a year-on-year increase of 119% [1] Business Performance - The display business showed a strong recovery, with TCL Huaxing achieving a revenue of 78.01 billion yuan in the first three quarters, a year-on-year increase of 17.5%, and a net profit of 6.1 billion yuan, up 53.5% [2] - The market share for large-size displays increased by 5 percentage points to 25%, while the small-size business experienced explosive growth, with notebook panel sales soaring by 63% and mobile terminal LCD shipments rising by 28% [2] Technological Advancements - The company is advancing in cutting-edge display technologies, with the G5.5 production line capacity increasing from 3K/month to 9K/month, and plans for mass production of Micro LED by the end of the year [3] - The launch of the world's first high-generation printed OLED production line marks a significant milestone for TCL in the global display technology landscape [3] Solar Business Development - The solar business showed improvement, with sales revenue reaching 16.01 billion yuan in the first three quarters, reflecting a 22% quarter-on-quarter improvement [4] - The company is focusing on high-efficiency and high-value-added products, with non-silicon costs decreasing by over 40% since the beginning of the year [4] Other Business Segments - The company’s other business segments also performed well, with Maojia Technology, the largest TV OEM globally, achieving revenue of 16.86 billion yuan, a year-on-year increase of 10% [5] - The display OEM business grew rapidly, with shipment volume increasing by 21% and market share rising to 8.2% [5] Market Outlook - In the fourth quarter, panel prices are expected to stabilize due to upcoming sports events, and the "anti-involution" policy is anticipated to further boost the solar industry, leading to enhanced profitability across TCL's main businesses [6]