According to Sigmaintell's survey, demand for global TV panels was weak in April, but panel makers still maintained a relatively high capacity utilization rate. Each size showed continuous oversupply, and panel prices maintained a decreasing trend. The largest drop in the size of the 65-inch is expected to maintain a decline of about US$10 in April.
Quzhi Consultation indicated that pipeline inventory in the North American market remained high. Although the Chinese market started active price promotions, the demand recovery was still slow, and the brands were kept conservative. In addition, the trade friction between China and the United States was aggravating the fluctuation of the TV panel market.
Quzhi Consultation emphasized that overall, the demand for global TV panel demand was weak in April. At the same time, panel makers maintained a relatively high rate of capacity utilization, and all sizes showed persistent oversupply. Panel prices maintained a downward trend. Price performance of various sizes According to Qunzhi Consultation Survey, 32吋, 40吋, and 55吋 are expected to fall by 3 USD in April, which is a smaller size, but the largest size is 65吋.
Group Intelligence Consulting analysis, 32-inch TV panel supply and demand surplus, in March dropped 3-4 US dollars, is expected to maintain the decline of 3 US dollars in April; 39.5-43 吋 lack of demand for power, is expected to April 40 吋 panel price fell by 3 US dollars, 43 吋The price of TV panels has fallen by 5 dollars.
In terms of 49-50%, terminal demand was weak, and panel inventory continued to be high. It is expected to maintain a decrease of 4-5 US dollars in April; 55 shipments will not have enough kinetic energy, and the price is expected to drop by 3 US dollars in April; Oversupply, it is expected that the price in April will remain about 10 US dollars.
In the second quarter, new production lines were gradually mass-produced and continued to increase, which led to the growth of TV panel production capacity. Under multiple pressures such as weak demand and increased inventory, panel makers became more competitive. QunZhi Consulting believes that panel prices have continued to fall since the second quarter of last year. At the end of the first quarter of this year, prices of many mainstream sizes gradually approached the total cost. If panel prices continue to fall, panel makers will face severe challenges in their profitability.
2. Visionox Zhang Deqiang: The revolutionary new technology must have three major characteristics;
The annual Boao Forum for Asia 2018 Annual Meeting was held in Boao, Hainan, from April 8th to 11th. The theme of this year's forum is “Open and Innovative Asia, Prosperous and Growing World”.
As a representative of China's new display industry, Vincent's President Zhang Deqiang was invited to participate in the 'new round of technical revolution' sub-forum, and expressed his views, and combined with the development of emerging display industries to propose a new round of technological revolution.
Zhang Deqiang said that when it comes to a new round of technological revolution, everyone feels the characteristics of diversification, such as digitization, platformization, and intelligence, or it is a very important one. It is now visible in the Internet of Things, from the Internet of Everything to the display of all things. , Shows the interface of various experiences as information transfer, human-computer interaction, will profoundly change the appearance of the world, where OLED display technology is a new generation of display technology, OLED development will promote the transformation of various technologies.
In terms of a certain technology, more and more breakthroughs and developments require collaboration in other areas of technological innovation. The development of new display technologies, especially flexible OLED display technologies, has enabled new technologies such as artificial intelligence and mobile Internet to be applied more effectively. The establishment of different scenarios and the integration of experiences such as human-computer interaction have opened the door for imagination to the new applications of terminals.
In the new round of technological revolution, not only the depth and width of the industry's cross-border, but the boundaries of various technology areas will gradually disappear, and finally it will be integrated into the unbounded new technology of collaborative innovation. Therefore, the various areas of user-oriented comprehensive experience Integration of innovation, which is the technology of unbounded innovation, can drive a new round of technological revolution.
Speaking of revolutionary technical characteristics, Zhang Deqiang concluded that the revolutionary new technology must possess three major characteristics. The first feature is to be in time. The development of new technologies must first meet the characteristics of the times, resolve the current pain points and be able to create New demand points; The second feature is to open up the ecosystem. For example, with the development of flexible AMOLED display technology, folding screens, curled screens, or even arbitrary stretched screens will soon be applied to end products; Uninterrupted traits. Revolutionary display technology will surely stand the test of time. Sustainability.
3. Analysis of China's OLED Industry Market Future market will be nearly 60 billion US dollars;
China's OLED industry has certain R&D and industrialization capabilities, and some areas have independent technologies. At present, there are about 40 universities and research institutes engaged in OLED technology research and development in China, and many companies are involved in the industrialization of OLED. In June 2011, China 19 OLED enterprises and institutions jointly initiated the establishment of the China OLED Industry Alliance. On the LCD display, China has now formed five panel industry clusters in the Beijing-Tianjin-Hebei, Pearl River Delta, Fujian, Taiwan, Yangtze River Delta and Midwest. 8 lines of 8.5 generations were put into mass production, and another 5 lines were signed or started construction. China has become the most important LCD panel manufacturing base in the world.
In 2010, China's first AMOLED pilot line was completed and put into operation in Kunshan; in 2012, the Henan Blue Technology OLED project was started; on November 21, 2013, the 5.5th generation AMOLED production line of BOE was put into operation in Ordos, Inner Mongolia. This is the second AMOLED in the world. The production line will lock the next generation of small and medium-sized screens. In addition, China has also formed an industrial chain for OLED R&D and material production.
OLED industry
China is currently the world's largest OLED application market, of which more than 45% of IT products are related to display devices; mobile phone production in mainland China accounts for more than 50% of global production; in addition, future large-size production will also be gradually mass production, AMOLED panel in NB The application of netbooks, monitors and televisions will also gradually increase. In addition, with the further maturation of OLED technology, the yield will gradually increase, the production cost will be greatly reduced, and the disadvantages of higher product prices will also be gradually eased. Market demand will Released greatly, the demand for OLED panel market will increase sharply from next year, and it will be in short supply.
China OLED Industry Market Analysis
OLED organic display self-luminous features, make its contrast, black field performance, color gamut, response speed, viewing angle compared to the current market mainstream LED liquid crystal display has a revolutionary improvement, color TV industry has gradually formed a consensus, that OLED representatives The development direction of color TV industry is promising. OLED is a new generation of display technology and represents the development trend of 'green' display technology. Because OLED technology does not contain harmful substances used by traditional display devices such as lead, mercury, cadmium, etc. Outstanding performance and low-carbon environmental protection concept have become globally recognized green low-carbon display devices, bringing new vitality to the technology and imaging market and setting off a wave of technological changes in the field of display.
Based on OLED's next-generation display technology, an emerging industry that is beginning to take shape is emerging. As OLED technology has many other technical incomparable advantages, its industrial prospects are receiving widespread attention from countries around the world. China as a consumer electronics production and consumption of large countries, The huge gap of nearly 2200 times between supply and demand indicates that China's OLED industry will have a very broad prospect in the coming years.
OLED panel display structure is simpler, less consumables and more environmentally friendly, and it is more likely to have the advantage of low cost and popularity after large-scale mass production. The OLED display has a flexible and curlable feature, which is more convenient for transportation and installation, and breaks through the size restrictions. Even the OLED wallpaper can be used to turn the entire wall into a large display screen. In the current smart car solutions with a high degree of market attention, OLED panels have become the preferred display device. According to the prediction of the OLED industry The investment outlook analysis report predicts that by 2022, this market will be close to 60 billion U.S. dollars, becoming the main force for the future display of the world.
2017-2022 China OLED Industry Market Forecast (Unit: Billion US Dollars, %)
China OLED Industry Investment Opportunity Analysis
(I) Convergence of OLED Investment in Mainland China
Chinese companies have been following up rapidly in the OLED field. BOE, Hefei Optoelectronics, Xinli, China Star Optoelectronics, Tianma, Kunshan Guoxian (Vincent Sino), etc. are actively planning. Forward-looking forecasts, by 2018, Chinese enterprises AMOLED planning Production capacity will account for 31% of global production capacity. If LTPSAMOLED's production capacity is considered separately, Chinese companies will account for 50% of global production capacity by 2018 and will surpass South Korea's number one in the world. The rapid expansion of AMOLED production capacity in Mainland China will be the major factor. Benefited from the mass production of new production lines of Kunshan Guoxian (Vicinho), Shen Tianma, Xinli, China Star Optoelectronics, BOE, etc., as well as the mass production of a 6-generation AMOLED line at BOE, Truly, and Fai Opto in 2017. .
(II) Investment Opportunities for China's OLED Industry
In the global AMOLED industry, there is still a big gap between domestic companies and world-class companies. However, domestic companies represented by Hefei Photonics have already begun mass production of AMOLEDs, and they already have a certain industrial base and many In the future, there will be plans for multiple production lines, and the production capacity will also be greatly improved. At present, China's OLED industry usher in the following investment opportunities:
◆ The country's strategic level actively supports the development of the AMOLED display industry and has introduced a series of support policies. ◆ The rise of domestic companies represented by Hexing Star Photovoltaics successfully mass produced 5'HD, 5.5'HD AMOLED products, laying the foundation for the development of other brands. The technology, materials, talent base. ◆ The cost advantages of terminal brand customers' local procurement.
Therefore, domestic companies should seize the opportunity to seek more breakthroughs in yield and technology accumulation. They must firmly grasp domestic industrial policy advantages, huge demand for terminal market advantages, and cost advantages of localized procurement, and actively exert efforts in AMOLED. The industry prosperity is about to come to grasp more opportunities.
4. Industry: The future of the world's new large-size display panel will be mainly produced in the mainland;
Xindian (Zheng Xiaohong, Xu Xiaomei) Xu Sheng, Executive Director of the Shenzhen Flat Panel Display Industry Association, said in Shenzhen on the 10th that at present, the global new display industry has maintained a steady growth trend. Currently, there are 11 new display lines under construction and planning worldwide, including China. The Mainland occupies 9 articles, which means that the future global oversized panels, such as 65-inch, 75-inch, etc., will be mainly produced in mainland China.
Xu Sheng said that at present, the large screen size has become a new impetus for the development of the industry. AMOLED (Active Matrix Organic Light Emitting Diode Panel) penetration rate in the small and medium sized product market has rapidly increased, and liquid crystal display still remains mainstream in the large-size product market. status.
The 2018 China International Display Industry Conference with the theme of 'The Global Change and Opportunity in the Display Industry' was held in Shenzhen on that day. Wu Shengwu, Deputy Director of the Electronic Information Department of the Ministry of Industry and Information Technology said that in recent years, China's new display industry has developed rapidly, and the entire industry With the continuous expansion of scale, the production capacity of the panel, the steady increase of technical water, the gradual enhancement of industrial competitiveness, and the foundation for leap-forward development.
Wu Shengwu said that the new display industry is a basic, pioneering and strategic industry for manufacturing powerhouses. In the past year, several panel lines including the 10.5/11th generation panel line and the 6th generation AMOLED production line were put into operation or started construction in the Mainland. 2018 In addition, several OLED (Organic Light Emitting Diode) panel lines will be put into production or expanded. It is estimated that OLED investment will reach 30 billion U.S. dollars to 50 billion U.S. dollars in the next 3 to 5 years. China's panel production capacity is expected to become the world's largest in 2019. one.
Liu Xiaodong, president of BOE Technology Group, gave a speech titled “The New Opportunities for the Display Industry in the Internet of Things”. According to relevant statistics, there are 20 billion IoT ports worldwide in 2017, and it is estimated that there will be 70 billion by 2025. He It is believed that with the development of artificial intelligence, the port will become more and more intelligent, and as the important component of the smart port, the display screen and its industry will receive more opportunities for development.
It is reported that the 2018 China International Display Industry Conference was jointly sponsored by the Ministry of Industry and Information Technology and the Shenzhen Municipal People's Government. Nearly 600 global display industry chain leaders attended the conference, concerning the hottest under-the-screen fingerprints, artificial intelligence, Internet of things, 5G. And other application technologies for discussion. (End) Sina Hong Kong
5. The panel plant's revenue rose in March. AUO's large-size crystal shipments increased;
The panel plant's revenue rose in March. AUO (2409) consolidated revenue of 25.553 billion yuan in March, a monthly increase of 12.7%; Caijing 1.38 billion yuan, a monthly increase of 21.4%. AUO's first-quarter consolidated revenue of 74.444 billion yuan. New season low; Caijing 4.442 billion yuan for the new low in the seven seasons.
AUO announced yesterday (10th) that March consolidated revenue will be reduced by 17.7% year-on-year, and consolidated revenue in the first quarter will be 74.444 billion yuan, down 7.7% from the quarter and 15.9% year-on-year.
AUO said that in March, shipments of large-size panels reached 10.06 million units, up by 11.8% month-on-month. Shipments of small and medium-sized panel shipments totaled 17.28 million, up 36.6% month-on-month. Large shipments of the first quarter totaled about 28.58 million units. Quarterly decrease of 0.2%, an increase of 5%. Small and medium-size shipments of 46.57 million, a quarter reduction of 0.8%, an increase of 27.8%.
Caijing's March consolidated revenue decreased 33.6%. The first-quarter consolidated revenue was 4.442 billion yuan, down 27.8% quarter-on-year and 28.6% year-on-year. According to statistics, in mid-March, small-size panel shipments totaled 32.87 million. Monthly increase of 5.4%.
Shipments of large-size monitor panels and private label products reached 286,000 units, a monthly increase of 239.8%. Economic Daily