Core Insights - Apple has selected High Mobility Oxide (HMO) as a replacement technology for Low-Temperature Polycrystalline Oxide (LTPO) and is advancing related research [1][2] - HMO technology aims to enhance the electronic mobility of oxide TFTs while retaining the low leakage current and low processing temperature advantages [1] - Compared to LTPO, HMO offers lower power consumption and reduced manufacturing costs, simplifying the required equipment and process flow [1] Summary by Sections HMO Technology Development - Apple is currently in discussions with South Korean display panel manufacturers regarding the development of HMO technology [2] - The specific application scenarios for HMO technology are not yet clear, but it is speculated that Apple aims to expand the use of oxide technology, traditionally dominant in large displays, into IT and mobile devices with smaller OLED products [2] Historical Context - Apple first applied for LTPO patents in 2014 and introduced it in the Apple Watch 4 in 2018, followed by its application in the iPhone 14 Pro Max in 2022 [2] - Based on this trajectory, it is expected that products featuring HMO TFT technology from Apple may take several years to be released [2] Industry Impact - Industry insiders suggest that if Apple, which has historically driven LTPO technology, successfully advances HMO technology, it could significantly alter the landscape of the industry [4]

Core Viewpoint - The smartphone industry is witnessing a shift from a traditional "buyer-supplier" relationship to a collaborative model where manufacturers engage deeply in the definition, development, and production of display technologies, reshaping the competitive landscape of the display panel industry [2][4][8]. Group 1: New Collaboration Paradigm - Smartphone manufacturers are no longer passive purchasers but are becoming strategic partners with panel manufacturers, engaging in joint research and deep customization [2][4]. - OPPO has invested over 1 billion in establishing its own "display science production line," allowing it to control the entire process from design to production [4][5]. - The collaboration between Xiaomi and TCL Huaxing has evolved into a long-term partnership, creating an "innovation display joint laboratory" to streamline technology development and production [5][8]. Group 2: Industry Dynamics - The traditional supply chain structure is being transformed from a linear model to a networked "industry alliance," enhancing the bargaining power of smartphone manufacturers [8][9]. - Chinese panel manufacturers are expected to capture over 70% of the global smartphone panel market by 2025, providing manufacturers with more options and stronger negotiation capabilities [8][10]. - The shift to deep collaboration is accelerating technological iteration and redefining market competition rules, moving the focus from macro parameters to underlying technologies [10][11]. Group 3: Technological Advancements - The competition in the smartphone market is increasingly centered around display technology, with companies like OPPO and Tianma developing advanced features such as precise light control at ultra-low brightness [10][11]. - The joint development model allows manufacturers to align market needs with technological paths early in the research phase, significantly reducing the time from lab to market [10][11]. - The relationship between Apple and Samsung exemplifies a unique "co-opetition," where stringent standards and large orders from Apple drive Samsung to innovate continuously [6][10].

Core Insights - The BOE IPC Esports Carnival and the final of the third BOE Fearless Cup concluded on September 12, with the "Muscle Aim" team winning the championship trophy, marking a significant leap in BOE's esports strategic layout [1][2] - The event showcased BOE's leading technology and ecological influence in the esports display field, serving as an important window for demonstrating innovation and industry integration [1][2] Event Overview - The event attracted global esports enthusiasts, industry partners, and media representatives, featuring high-end competitions, technical forums, ecological displays, and interactive experiences [1] - The BOE Fearless Cup S3, which started on August 15, lasted nearly a month and included over 385 teams and 3,697 participants across three tracks: public, universities, and enterprises [2] Technological Innovations - BOE and TPV Technology jointly launched the Philips EVNIA new eye-care dual-mode monitor 27M2N5801PK, featuring BOE's self-developed dual-mode display panel and Philips' eye-care technology [4] - Advanced technologies such as ADS Pro+Mini LED, circular polarizer, and LTPO were shared, enhancing display clarity, reducing harmful blue light, and providing dynamic refresh rate adjustments [4] Future Directions - BOE aims to continue its "Powered by BOE" ecological philosophy, strengthening collaboration with the "Best of Esports" alliance partners to deepen participation in esports ecosystem construction [8]

Group 1: Car Display Business Development - The demand for in-car display products is expected to continue growing, driven by advancements in smart driving and autonomous driving technologies [2] - The domestic new energy market is experiencing rapid growth, with increasing penetration of smart cockpits and a shift towards personalized, convenient, and multimodal human-machine interaction [2] - Mini-LED technology is gaining traction in the automotive display sector due to its impressive display effects and energy-saving features, meeting the demand for new display technologies [2] - The company aims to leverage its Mini-LED technology advantages to enhance R&D capabilities in automotive display technology and accelerate the commercialization of cutting-edge technologies [2] Group 2: Response to OLED Technology - The global consumer electronics market is projected to maintain growth, prompting the company to innovate in OLED display technologies since 2022 [3] - The LIPO technology, developed over three years, has received high recognition from clients and is now entering mass production, expected to positively impact the company's performance [3] - As products evolve towards higher precision, lighter weight, and greater integration, the market demand for LTPO technology is anticipated to increase [3]