Core Viewpoint - The article discusses the commencement of the new full-color M-LED display chip base project by Huike in Nanchong, Sichuan, highlighting the company's strategic shift towards new display technologies amid intense competition in the LCD market [5][6]. Summary by Sections Project Overview - The M-LED display chip base project has a total investment of 10 billion yuan, covering an area of approximately 500 acres, and is planned to be built in three phases with a total monthly production capacity of 1 million pieces. The first phase includes the construction of a standardized factory covering 134,500 square meters, with a planned monthly production capacity of 150,000 pieces, expected to commence production by June 2026 [5][6]. Industry Context - Huike's investment in MLED technology is influenced by changes in the industry landscape and reflects its ambition for growth. The LCD market, where Huike primarily operates, has matured, leading to reduced profit margins and increased competition from companies like BOE and TCL Huaxing [6][7]. Competitive Landscape - The competition in the MLED sector includes not only major panel manufacturers like BOE and TCL Huaxing but also specialized LED display companies such as Leyard and Absen. In the OLED sector, BOE and TCL Huaxing are also expanding their production capabilities, posing additional challenges for Huike [6][7][8]. Diversification Strategy - To navigate the competitive landscape, Huike is diversifying its business by investing in MLED, OLED, and electronic paper technologies. This includes significant investments in multiple projects throughout the year, totaling 14.76 billion yuan for three key MLED projects [8][10]. Product Development - Huike has showcased several Mini LED backlight televisions and made strategic acquisitions to enhance its OLED capabilities. The company acquired part of Royole's flexible display assets for approximately 504 million yuan, marking a significant step into the OLED market [11][12]. Financial Strategy - To support its large-scale production line construction, Huike is actively seeking to go public to facilitate financing. Although the IPO process was temporarily halted due to outdated financial documents, it is expected to resume upon timely updates [12].

Core Viewpoint - Huike's first self-developed and manufactured OLED module successfully lit up, marking a strategic achievement in the OLED sector and overcoming core process barriers [1][3]. Group 1: Product Development - The OLED module utilizes innovative oxide semiconductor backplane technology combined with a hybrid panel architecture, completing the full process verification from design to trial production in five months [3]. - This successful launch fills Huike's gap in the OLED field and supports the establishment of a comprehensive product system covering LCD, Mini LED, and OLED across various sizes [3]. Group 2: Business Strategy - Huike's main business involves the research and manufacturing of semiconductor display panels and smart display terminals, with existing technologies including a-Si TFT-LCD, Oxide TFT, Oxide RGB OLED, Oxide LCD, and Mini LED [3]. - As of June this year, Huike's updated prospectus indicates that self-developed oxide OLED, RGB OLED, and ultra-low frequency OLED products have entered trial production [3]. Group 3: Strategic Acquisitions - In January 2025, Huike acquired part of the flexible display industrial park assets from Royole Technology for approximately 504 million RMB, seen as a key step for rapid entry into the OLED market [4]. - This acquisition allows Huike to leverage Royole's legacy G5.5 flexible OLED production line and oxide TFT technology, which is more suitable for large-size flexible products, thereby enhancing its OLED technological capabilities [4].

Core Viewpoint - In February 2025, institutional research enthusiasm increased significantly, with over 600 companies being investigated, marking a notable rise from January 2025 [1][4]. Group 1: Institutional Research Overview - A total of over 600 companies were researched by institutions in February 2025, showing a clear increase compared to January [1][4]. - The electronic industry was the most favored, with more than 80 companies undergoing institutional research, followed by mechanical equipment, computer, and pharmaceutical industries, each with over 50 companies [2][10]. - Among the companies that received more than five research visits in February, the electronic industry had the highest representation, with seven companies [2][10]. Group 2: Notable Companies and Their Insights - Ampere Dragon received the highest number of institutional research visits in February, exceeding 20 times, focusing on smart driving applications and the development of brake force sensors for the latest intelligent driving brake systems [5]. - Hengfeng Tools was also frequently researched, discussing the uncertainties in the development and mass production of tools for humanoid robot components, indicating that the market demand is currently low [6]. - Huichuan Technology highlighted its PLC products' expansion and aims for over 20% market share, emphasizing its strategic importance in automation [7]. - Longli Technology discussed its focus on technology-driven innovation, particularly in OLED panel-related technologies, enhancing product competitiveness [8].