Core Insights - The LED display industry is transitioning from "large pitch" to "micro pitch" technology, with significant sales growth in small pitch products, particularly in the P1.1-1.4mm range, which saw a year-on-year increase of 34.7% [1] - Shenzhen Lehman Optoelectronics has achieved mass production of P0.47mm products, positioning itself as a leader in the ultra-high-definition micro pitch market [1] Group 1: Market Trends - The sales of small pitch LED products have successfully surpassed the P1.0mm technical threshold, moving towards P0.9mm and smaller, marking the entry into the micro pitch era [1] - The demand for ultra-high-definition displays is driving the industry to accelerate micro pitch research and development, as achieving 4K and 8K resolutions requires increasingly smaller pixel pitches [1] Group 2: Technological Innovations - Lehman Optoelectronics has introduced the "HD King Cold Screen Master" (P0.9mm), which sets a new energy efficiency benchmark through three core technological innovations: AI low-power display technology, ultra-precise pressure control technology, and bottom black lossless direct display technology [2] - The HD King series products consume only half the power of traditional products, significantly reducing heat generation and extending equipment lifespan, making them a representative of green display technology [2] Group 3: User Experience Enhancements - The HD King Cold Screen Master (P0.9mm) enhances user comfort through improvements in refresh rate, spectrum, and optical structure, including a 7680Hz refresh rate that reduces visual fatigue and a blue light chip wavelength controlled to avoid harmful short wavelengths [3] - The product's optical design minimizes environmental light reflection by over 80%, improving viewing experience in bright conditions [3] Group 4: Interactive Capabilities - The micro pitch technology enables a shift from "one-way information output" to "two-way intelligent interaction," with the HD King Cold Screen Master integrating high-precision infrared touch and AI control technologies [4] - These innovations allow for simultaneous multi-touch and gesture control, enhancing interaction efficiency in various applications such as command and dispatch, teaching, and business meetings [4] Group 5: Market Outlook - The continuous decline in costs driven by technological iteration and mass production is expected to lead to the widespread adoption of LED micro pitch products by 2026, creating a new market worth hundreds of billions [4] - Lehman Optoelectronics is positioned to leverage its product offerings and cost control capabilities to gain a first-mover advantage in this expanding market, potentially leading the LED display industry into a new development cycle [4]

Core Viewpoint - The upcoming 2026 Milan Winter Olympics will showcase advanced display technology, with Lehman Optoelectronics participating in the construction of the IBC 8K multifunctional exhibition hall, highlighting China's manufacturing capabilities in the ultra-high-definition display industry [1][4]. Group 1: Industry Challenges and Innovations - The ultra-high-definition display industry faces challenges such as the contradiction between "high quality" and "high cost," as well as "large size" and "high energy consumption," which have hindered technology implementation and market adoption [2]. - Traditional COB display products can achieve ultra-high-definition quality but are limited by high prices, while some products that reduce costs still suffer from high power consumption and heat dissipation issues [2]. - Lehman Optoelectronics has developed proprietary technologies, including the PSE patent, which significantly reduce power consumption by 50% compared to traditional products, addressing the industry's energy consumption and heat generation problems [2]. Group 2: Product Features and Market Positioning - The "HD King" series from Lehman Optoelectronics combines multiple proprietary technologies and the PSE patent, delivering exceptional display quality suitable for various indoor scenarios, including live sports broadcasts and professional imaging [2][3]. - The "HD King" series breaks the previous notion that ultra-high-definition displays must be expensive, positioning itself as a high-quality yet affordable option, thus facilitating broader commercial and consumer applications [3]. Group 3: Global Impact and Future Prospects - The collaboration with CCTV to build the 8K exhibition hall for the Winter Olympics serves as a global showcase for the "HD King" series, allowing international broadcasters and guests to experience the technology firsthand [4]. - This partnership is expected to enhance the market influence of the "HD King" series and lay the groundwork for future global market expansion for Lehman Optoelectronics [4].