新华财经上海7月9日电（记者高少华）京东方（A股：000725；B股：200725）8日在上海举行投资者日 大会，向投资者全面介绍了"屏之物联"战略下企业发展亮点，"第N曲线"代表——钙钛矿光伏业务也首 度亮相资本市场。记者从大会获悉，京东方资本战略重心正从规模扩张转向股东价值创造的全新发展阶 段。大规模产线投资已不再是公司发展主旋律，京东方将于2025年迎来资本开支和折旧"双高峰"，此后 将有望步入盈利提升通道，盈利的确定性改善为持续回报股东创造了有利条件。 据介绍，当前显示行业供给端正进入存量时代，格局实现重塑，从过去"规模和市场份额"竞争逐渐转向 高价值驱动。液晶显示（LCD）仍将是未来中长期显示行业的主流应用技术，大尺寸化成为趋势，高分 辨率、高刷新率产品的推陈出新带来液晶显示技术旺盛的市场生命力。与此同时，柔性OLED市场规模 快速增长，技术创新加速向IT、车载等中尺寸领域渗透，带动OLED产业蓬勃发展。 转自：新华财经 编辑：林郑宏 京东方今年还推出了历史上首个全面涵盖分红、回购的股东回报规划，承诺未来三年每年现金分红不低 于归母净利润的35%、每年用于回购并注销的资金总额不低于15亿元、有条件的 ...

Core Insights - The display industry is entering a rebalancing phase, with a reshaped industry landscape, where LCD will remain the mainstream application technology for the next decade, while OLED production lines in mainland China are rapidly developing [1][3] - The display industry, as a crucial pillar of electronic information and digital economy, has significantly contributed to global economic recovery, with a display panel market worth hundreds of billions, driving a similar scale in materials and equipment markets, and a trillion-dollar display consumption market [3] - The competition in the display industry is shifting from "scale and market share" to "high profitability, high technology, and high added value" [3] Industry Trends - Semiconductor display technology is continuously innovating, with no new technology currently seen as a replacement; LCD will remain the main application technology in the medium to long term, with mainland Chinese companies leading the global LCD display industry [3] - The high-end segment of the OLED market is breaking through, with the company currently operating three OLED production lines and expecting rapid development in mainland China's OLED production lines over the next five years [3] - Emerging display technologies represented by Mini/Micro LED will add momentum to the industry's growth [3] Capital Operations - The company has engaged in capital operations to enhance its strength, focusing on three main areas: industry integration to promote display industry development, independent listings of innovative businesses to create specialized development platforms, and repurchasing minority stakes in production lines to enhance shareholder equity [4] - The intention behind capital operations is to effectively promote the healthy and orderly development of the display industry and to vertically integrate quality assets to enhance the company's overall strength [4] Strategic Initiatives - The company's "Screen IoT" strategy and "N-th Curve" theory emphasize leveraging the core advantage of "screen" and surrounding capabilities, integrating more functions into screens, and expanding the boundaries of display applications [5] - Current focus areas for the company's multi-dimensional expansion include innovations in glass-based businesses and perovskite photovoltaic devices [5]