BOE(000725)2025-02-14 01:04Group 1: Industry Competition and Supply-Demand Dynamics - The competition in the LCD industry is evolving, with Chinese manufacturers increasing their global market share due to brand globalization and improved supply chain concentration [2] - The production capacity of LCD panels in mainland China is gradually increasing, with a shift towards "demand-driven production" strategies since 2023, promoting healthier industry development [2] - The average size of global LCD TVs is projected to grow to approximately 54.5 inches by 2029, driven by the trend towards larger displays [3] Group 2: Market Trends and Pricing - In 2024, global TV panel shipments and area are expected to see growth, with a demand peak anticipated in Q2 due to overseas market events and a resurgence in the Chinese market driven by "old-for-new" subsidies [3][4] - Starting from December 2024, prices for certain large-size LCD TV products began to rise, with mainstream sizes experiencing price increases in January 2025 [3] - The industry operating rate is expected to remain above 80% in January 2025, reflecting a recovery in terminal demand [4] Group 3: Future Capital Expenditure and Strategic Focus - The company plans to consider repurchasing minority shareholder equity based on operational performance and cash flow [4] - Future capital expenditures will focus on semiconductor display business and strategic initiatives in IoT innovation, sensors, MLED, and smart medical engineering [5]