Foothold display D, expand wisdom S and health H
After many years of acquisition, technology absorption, etc., BOE A was formally entered into TFT-2003. LCD From the end of 17th year, the income level of the company keeps rising. Through repeated investments in new construction and expansion of production lines, LCD production capacity has been continuously improved. monitor The business has always been the company's most important business. The Fuzhou 8.5 generation line, Hefei 10.5 line put into production, leading the global show, enter the O LED display In the stage of rapid development, BOE A still maintains a strong momentum. Expand wisdom S, health H, build troika!
LCD: Slowing competition, stable earnings
The uniqueness of the LCD industry cycle is that the 'surplus' of production capacity stimulates the outbreak of demand, and the industry is in a period of 'countercyclical investment' to achieve profitability and it takes a long period of time to achieve profitability. The scramble for the leading position in the panel industry is the right to speak in the industry. The competition is reflected in the comparison of various factors such as production line layout, production capacity, market share, upstream and downstream integration support capabilities, and financial strength. Samsung, LG, and other public companies have withdrawn, creating a market share for BOE A. Opportunity. China will become the largest production area for large-size panels in the world. With the trend of increasing downstream TV size, domestic panel companies with large-generation line layout will have higher market discourse rights, cost advantages and bargaining power. Companies will double their profit valuations in this wave of new wave. For BOE A, the Fuzhou 8.5 generation line and the Hefei 10.5 generation line will be the source of growth;
OLED The industry broke out quickly and BOE A seized the opportunity
1, as the mainstream of the small size Display technology The OLED process is complex and the process flow requirements are very high. Compared with the current LCD production process, the OLED process changes mainly in the Cell process, and the OLED uses multiple evaporation processes to complete the deposition of the organic light-emitting material layer.
2. Evaporation equipment has become the core equipment in the OLED production process. At present, the production of global vapor deposition machine and vapor deposition and packaging integrated machine is almost monopolized by Canon Tokki Company in Japan, with an annual output of about 10 units. Samsung will basically take full production capacity. BOE A Already obtained the equipment authority of the evaporation machine, and continuously climbed the yield rate in Chengdu 6th generation line.
3, With the continuous reduction of the cost side of the OLED along with the increase in the yield, the cost of the 5. 5 inch HD panel is reversed, and the rigidity is increased. AMOLED Face cost is lower LTPS LCD. Taking into account the higher cutting efficiency of 6th generation wire panel, it is believed that with the release of 6th generation capacity, the cost of future AMOLED panels will further decrease. The outbreak of small and medium sized OLED demand will become even stronger;
4. Twelve small- and medium-sized OLED panel lines have been built and planned in China, and large-size OLED panel lines have also been included in the investment plan of BOE A, Huaxing Optoelectronics. Due to similarities in the production process between LCD panels and OLED panels. High, AMOLED can be developed on the basis of liquid crystal panel technology. In the long run, the production capacity of OLED panels in mainland China, especially BOE A, will be released quickly.
