October 8, 2025 08:30 AM GMT S. Korea Technology | Asia Pacific Memory – Resurgence | What's Changed | | | | --- | --- | --- | | Samsung Electronics (005930.KS) | From | To | | Price Target | W97,000 | W111,000 | | Samsung Electronics (005935.KS) | | | | Price Target | W84,390 | W96,570 | | SK hynix (000660.KS) | | | | Price Target | W410,000 | W480,000 | A steeper climb in 4Q pricing and stronger conditions likely persist through 2026. Multiples have expanded but we think stock calls will continue to work ...

自2024年以来，科技浪潮以前所未有的姿态重塑世界，而显示技术正处于这场风暴的核心。在 这场变革中， OLED 与 Micro OLED 以其独特优势，引领着不同维度的视觉革命。 其中， OLED 凭借在柔性、超薄形态及卓越色彩表现上的成熟优势，已稳固占据旗舰智能手机 的王座。它不仅是技术的选择，更是品质与体验的象征； Micro OLED 作为当下近眼显示 的"黄金方案"，为空间计算和沉浸式体验构筑了核心基石。在可预见的未来，它仍将是定义虚 拟与现实边界的关键力量，占据市场主导地位。 ( 2025年10月30日(周四) 8:30-17:05 9 金茂深圳JW万豪酒店 = TrendForce、LEDinside、集邦Display | | 会议成立 | | --- | --- | | 8:30-9:30 | 答到 | | 9:30-9:35 | 开幕致辞 | | | TrendForce集邦咨询 总经理 樊晓莉 | | 9:35-10:00 | 玻璃与硅基Micro LED商用化进程与展望 | | | TrendForce集邦科技 资深研究副总经理 邱宇彬 | | 10:00-10:25 | MiP与COB ...

证券日报网讯 京东方A9月29日发布公告，在公司回答调研者提问时表示，未来行业趋势方面，显示产 业正进入再平衡时期，在持续调整优化。一方面，供给端正在进入存量时代，需求端库存实现加速去 化。另一方面，行业格局实现重塑，行业从过去的追求"规模和市场份额"逐渐转向追求"高盈利、高技 术、高附加值"，通过践行"按需生产"，持续迈向高质量发展。从产品趋势来看，LCD仍将是未来中长 期显示行业的主流应用技术，OLED高端细分市场也在不断突破。其中，LCD需求结构不断优化，TV大 尺寸化趋势势不可挡，高分辨率、高刷新率产品的推陈出新带来LCD旺盛的市场生命力；OLED中 LTPO出货量持续提升，OLED在IT、车载等中尺寸市场也将迎来更多机遇。 ...

Core Viewpoint - Since 2024, the technology wave represented by generative AI and spatial computing is reshaping various industries with unprecedented depth and breadth, placing display technology at the center of this transformation, presenting both opportunities and challenges [1]. Industry Evolution - The display industry has experienced significant internal evolution over the past year, with major technology routes competing fiercely and moving towards new development inflection points: - Micro LED's development path is becoming clearer, with accelerated industrialization [1]. - Mini LED has successfully transitioned from a "technology pioneer" to a "market mainstay" after market trials [1]. - OLED maintains its dominance in flagship smartphones due to its mature advantages in flexibility, thinness, and color performance [1]. - Micro OLED is currently regarded as the "golden solution" for near-eye displays and is expected to hold a significant market share for a long time [1]. Upcoming Event - The global display industry is at a crossroads of opportunities and challenges, necessitating a "compass" for guidance. The 2025 Self-Luminous Display Industry Seminar will be held on October 30, 2025, organized by TrendForce's LEDinside and Display divisions, inviting industry participants to engage in deep dialogue to calibrate direction and navigate challenges together [1].

转自：新华财经 由京东方自制的技术科普综艺节目《BOE解忧实验室》第四季日前正式收官。作为中国科技企业首档技 术科普综艺，本季节目立足技术创新与文化传承的交汇点，创新采用"中国地标+科技大事件"模式，携 手北京广播电视台及多位明星大咖，走进居庸关长城、北京中轴线、故宫博物院、天坛等文化地标，以 沉浸式、场景化的表现形式，生动诠释京东方在LCD、OLED、车载、数字艺术前沿科技如何赋能美好 生活。节目播出后反响热烈，全平台累计曝光量突破4.79亿次，成为科技企业以大众科普方式深化品牌 价值传播的标杆案例。 据介绍，《BOE解忧实验室》自诞生以来便以"科技+人文"的独特基因持续破圈。本季节目匠心独具地 以"地标为卷、技术为笔"的叙事策略，让前沿科技与中华优秀传统文化在北京这座历史文化名城的场景 中碰撞出智慧火花。任重、关凌、Yamy、陈卓璇等多位嘉宾作为"解忧发起人"，带着LCD、OLED、车 载、数字艺术等领域的创新技术，深入各文化场景让科技的温度得以被具象化呈现：在故宫抚摸数字修 复的文物纹路、在长城感受柔性屏与古建筑的对话、在中轴线见证车载显示与城市生活的共鸣……这种 创新表现形式，将科技"硬实力"的温度与 ...

第四季节目通过LCD/UB CELL、OLED、MLED等前沿显示 技术，在古早电视修复、故宫文物数字化、智慧车载等场景的 应用，让观众意识到科技与人文之间正在深度交融。 作者： 冯科翰 封图：图片资料室 科技解忧，正在发生。夏日 热血综艺《 BOE解忧实验室》第四季 ，日前迎来收官时刻。 曾经外界总在问京东方缘何要主导推出一个综艺节目？如今经历了连续四季的热血追更，越来越多的人感知到， 《 BOE解忧实验室》 早已不仅仅是 一档综艺节目，而是一个承载着普通大众亲密接触科技创新温柔底色的平台。 在这里，观众纷纷化身热血少年，深度体验了一场场科技解忧时代的治愈之旅。 "科技解忧"正当时 "京东方试图搭建一个平台， 把在实验室里、在生产线上的技术，用大家看得懂、感兴趣的方式呈现出来，致力于让科技真正走进千家万户 "，在 京 东方科技集团高级副总裁、首席技术官刘志强的解读下， 京东方与大众的诉求颇为契合。 作为已延续四季的科普综艺节目， 《 BOE解忧实验室》 正在成为一个 链接企业与消费者的 符号 。其以 "科技+人文"的独特模式和风格，至今吸引 到大批的"拥趸者"。尤其是刚收官的第四季，相较于前三季，有了更多元 ...

Core Viewpoint - The article highlights the successful conclusion of the fourth season of "BOE Relief Laboratory," emphasizing its evolution from a mere variety show to a platform that connects technology innovation with the public, showcasing how technology can improve everyday life [1][3][5]. Group 1: Program Overview - "BOE Relief Laboratory" has become a symbol linking enterprises and consumers, utilizing a unique "technology + humanities" approach to attract a large audience [3][4]. - The fourth season featured a diverse range of innovative formats, focusing on five key areas: LCD, OLED, automotive technology, digital art, and sustainable development, with each episode presenting a different technological theme [4][6]. - The program's narrative style combined on-site revelations with expert explanations, creating a deep connection between technology, culture, and humanity [3][4]. Group 2: Technological Integration - The fourth season showcased advanced display technologies such as LCD/UB CELL, OLED, and MLED, applied in various cultural contexts, highlighting the integration of technology and cultural heritage [6][7]. - Each episode demonstrated how technology can enhance cultural storytelling, with specific examples including the restoration of classic films and the digitalization of cultural artifacts [7][8]. - The program effectively communicated the unique advantages of BOE's display technologies, transforming public perception of screens from mere hardware to interactive emotional interfaces [8][9]. Group 3: Corporate Strategy and Innovation - BOE aims to reshape its brand perception from a "display supplier" to a "global leading IoT innovation enterprise," focusing on consumer needs and technological advancements [9][12]. - The company has committed approximately 7% of its annual revenue to research and development, leading to significant technological breakthroughs in areas like eye-care displays and smart cockpit solutions [10][11]. - BOE's sustainable development initiatives include the establishment of 18 national-level green factories and a commitment to achieving carbon neutrality by 2050, reflecting its dedication to environmental responsibility [11][12].

Core Insights - BOE's self-produced technology popular science variety show "BOE's Worry-Free Laboratory" Season 4 has achieved a cumulative exposure of over 479 million across all platforms, setting a benchmark for marketing in the tech industry [2][4] - The show combines "Chinese landmarks + major technological events," collaborating with Beijing Broadcasting Television Station and various celebrities to illustrate how BOE's innovations in LCD, OLED, automotive, digital art, and sustainable development integrate into daily life [2][5] - The program has garnered significant viewership, with the highest single-episode rating on Beijing TV reaching 35 cities, ranking third nationally, and topping the cultural new releases chart on Youku [4] Marketing Innovation - "BOE's Worry-Free Laboratory" has established a new marketing paradigm for tech companies, transitioning from "technology output" to "value resonance" [4] - The show has received multiple prestigious awards for its social significance and innovative format, pushing the vision of "display technology empowering a better life" to new heights [5] - The narrative strategy of "landmarks as the scroll, technology as the pen" creates a chemical reaction between technology and Chinese civilization, enhancing cultural memory [5] Cross-Industry Collaboration - Industry leaders from companies like Hisense, Vivo, and Geely participated as "technology enablers," providing insights into the innovation logic behind the technology [7] - These cross-industry dialogues add professional depth to the program and demonstrate BOE's collaboration with upstream and downstream partners to integrate technology into everyday scenarios [7] Brand Engagement - BOE continuously explores innovative marketing paths to communicate technology knowledge to the public, establishing deep interactions with consumers through the show [8] - "BOE's Worry-Free Laboratory" has become a crucial online platform for communication between BOE and consumers, significantly enhancing brand promotion [8] - The company aims to uphold its vision of becoming "the most respected great enterprise on Earth" while pursuing a development strategy that integrates "technology + humanity" [8]

Investment - The article discusses various investment opportunities in new materials, semiconductors, and renewable energy sectors, highlighting the potential for growth and innovation in these industries [1][3][4]. Semiconductor - It emphasizes the importance of semiconductor materials such as photolithography, electronic special gases, and silicon wafers, which are critical for advanced packaging and manufacturing processes [1][3]. - The report also covers the advancements in third and fourth generation semiconductors, including silicon carbide and gallium nitride technologies, which are expected to drive future growth [1][3]. New Energy - The article outlines the investment landscape in new energy, focusing on lithium batteries, solid-state batteries, and hydrogen energy, which are pivotal for the transition to sustainable energy solutions [1][3]. - It highlights the significance of materials like silicon-based anodes and composite current collectors in enhancing battery performance [1][3]. Photovoltaics - The report details the photovoltaic sector, including materials such as solar glass, encapsulants, and back sheets, which are essential for solar panel efficiency [1][3]. - It also mentions the role of quartz sand and perovskite materials in the development of next-generation solar technologies [1][3]. New Display Technologies - The article discusses new display technologies, including OLED, MiniLED, and MicroLED, and the materials required for their production, such as optical films and adhesives [3][4]. Fibers and Composites - It covers advancements in fiber materials like carbon fiber and aramid fiber, which are crucial for lightweight and high-strength applications in various industries [3][4]. Notable Companies - The report lists key players in the materials sector, including ASML, TSMC, BYD, and Tesla, emphasizing their roles in driving innovation and market growth [4][3].

Core Insights - BOE (京东方) reported a revenue of 101.28 billion yuan and a net profit of 3.25 billion yuan for the first half of 2025, marking year-on-year growth of 8.45% and 42.15% respectively [1][3] Group 1: LCD Industry Outlook - The chairman of BOE emphasized that the LCD industry has entered a weak cycle of development, with a positive outlook for the next decade as the mainstay of the display industry [3] - Factors such as the gradual exit of outdated production capacity and the increasing average size of televisions are expected to contribute to a stable upward trend in the LCD market over the next three years [3] Group 2: Product Performance - In the first half of 2025, BOE maintained the top position globally in the shipment of five major LCD application products, including LCD oxide, 75-inch and larger products, and automotive displays [5] - BOE's OLED market share reached over 71 million units shipped, a year-on-year increase of 7.5%, surpassing the industry growth rate of over 4%, securing the top position domestically and second globally [5] - The successful mass production of LTPO projects for core customers marks a significant achievement for BOE in the OLED sector, with plans for the 8.6-generation OLED production line to commence next year [5] Group 3: Innovation and New Business Areas - BOE is focusing on new business areas such as perovskite technology and glass-based packaging substrates, leveraging its existing manufacturing capabilities [6] - The perovskite photovoltaic pilot line has achieved a power generation efficiency exceeding 18%, with plans for further improvements [6] - The glass-based packaging substrate pilot line began equipment installation five months ahead of schedule, producing large-sized glass substrates with significantly enhanced integration [6] Group 4: Financial Strategy and Shareholder Returns - BOE has transitioned from a phase of large-scale capacity construction to a focus on high-quality operational development, with expectations of reaching a peak in depreciation and capital expenditure in 2025 [6] - The company aims to maintain an operating cash flow of approximately 50 to 60 billion yuan annually, with a strategic focus on daily operational support, profit enhancement through share buybacks, and increased returns to investors [6][7] - BOE has committed to distributing at least 35% of the annual net profit to shareholders in cash over the next three years, with a minimum of 1.5 billion yuan allocated for share buybacks [7]