1. Sanan Optoelectronics gained 420 million yuan in controlling shareholders
On the evening of the 30th, Sanan Optoelectronics Co., Ltd. (hereinafter referred to as “Sanan Optoelectronics” or “the Company”) announced that as of May 30, 2018, the company’s shareholder Sanan Group had cumulatively increased its holdings of 20,710,405 shares of the company. The increase in the amount of 421,795,100.40 yuan, accounting for about 0.51% of the company's total share capital.
Prior to this shareholding increase plan, Sanan Group held Xiamen Sanan Electronics Co., Ltd. as its shareholding ratio of 100%, and Xiamen Sanan Electronic Co., Ltd. held approximately 29.76% of the Company’s shareholding. Sanan Group holds the The company's equity ratio is approximately 7.86%, and the total shareholding ratio is approximately 37.63%. Sanan Group is a controlling shareholder of the company.
According to the plan of increasing shareholding, based on the confidence in the future sustainable development of Sanan Optoelectronics, within 3 months from May 2, 2018, the cumulative increase in the shareholding of Sanan Group (including this increase in holdings) is not less than 5 RMB 100 million, not exceeding RMB 1.5 billion, and the cumulative increase in shareholding does not exceed 2% of the total issued shares of the company. If during the implementation period of the increase holding plan, the listed company’s stock is suspended for more than 10 trading days due to the planning of major issues. , The increase plan should be postponed and timely disclosed after the resumption of shares. LEDinside
2.Will 3 iPhones use OLEDs next year? Wall Street burst '3 Truths'
A few days ago, Korean media quoted supply chain news that Apple planned to launch an iPhone full of OLED screens next year. After the report was revealed, the price of the relevant panel supplier’s shares fluctuate dramatically. However, after the market settled for two days, some analysts began to question this. The news, and that Apple can not switch to OLED panels in such a short time.
U.S. financial media quoted three analysts for three reasons to face the Korean media’s “wind direction” report.
First of all, Jay Kwon, JP Morgan Chase analyst, said that the cheaper LCD version of the iPhone is an important key to Apple’s new strategy this year. This model will help Apple to expand its mid-priced users. Once it fully reloads OLED, its product line price The range will also be narrowed, so it is unlikely that next year will suddenly change the previous strategy.
Secondly, Jeff Pu, an analyst at Yuanda Securities Investment Consulting, believes that it is not easy for Apple to obtain enough OLED panels on three new mobile phones. Don't forget that in 2017, Apple sold 216 million iPhones for full use of OLEDs. The screen can be very challenging.
Samsung Display is currently the exclusive supplier of iPhone's OLED screens, but since its own flagship machine also uses OLED, Samsung's output may not meet Apple's demand. As for other suppliers, LG Display is also difficult to achieve such a mass production capacity of Samsung monitors.
Finally, Daiki Takayama, an analyst at Goldman Sachs, believes that the latest report from multiple suppliers shows that Apple will continue to adopt LCD screens in 2019, and the stock price of relevant panel companies will overreact.
According to the latest financial guidance from various suppliers, especially Japan Display, Apple will continue to adopt LCD screens before 2019. They think that the company's 'over-reacting share price'.
Research analyst IHS analysts believe that Apple will eventually switch to an OLED screen. It is only a matter of time.
In fact, the OLED screen may also be a staged arrangement. Apple's next major step is to bet on the microLED screen.
3. The new Pixel uses LGD OLED panels to break Samsung’s monopoly
Google's new Pixel 3 series smartphones are expected to carry LGD's OLED panels this year. The industry believes that this move will break the monopoly of Samsung OLEDs and add business opportunities to OLED material companies in Taiwan. LGD OLED key material benefits greatly.
Da Yun entered the OLED panel key material - Precision Metal Mask (FMM), becoming the world's third FMM supplier after Dainippon Printing and Letterpress Printing. FMM is mainly used in the production of small and medium sized OLED panels, ultra-high resolution OLED, flexible The display, with high technical difficulty, is the key material for OLED yield.
Dayun FMM will officially produce output in the next quarter. It is reported that the products currently being tested have already been shipped to AUO and Apple, etc., and have actively expanded the Korean market to catch up with this wave of growth in OLED demand several times.
Chairman of the board of directors and CEO of the company, Daqing, revealed to him that after several mergers and acquisitions by Dayun, integration of resources and active transformation have been effective, FMM products will become a new momentum for the growth of operations.
In order to meet FMM production demand, Delta shipped a capital expenditure of NT$2.5 billion last year. In April last year, it bought a plant at Hukou Industrial Park in Hsinchu County, completed plant and plant construction, and carried out the first stage of equipment procurement. NT$100 million; Expected to be produced in the third quarter of this year, with a monthly production capacity of 3,000 tablets. The remaining 1.6 billion yuan will be used for clean room and equipment expenses this year. Economic Daily
4.National Star Photoelectric: Mini LED display products will be officially mass produced in June
On May 29th, when National Star Optoelectronics answered questions from investors on the interactive platform, it stated that the company is developing Mini LED backlights, and it will accelerate cooperation with international companies to develop mobile phones, TVs and other types of backlight applications. It is expected to achieve mass production in the second half of the year. .
For Mini LED display, P0.9 products have been sampled in small batches to several display screen customers and will be displayed at the infocomm exhibition in the early June of June. The production will be officially launched in June.
In addition, on April 20th, at the investor exchange meeting held by National Star Optoelectronics, the company’s deputy general manager Lei Zihe stated that in the future Mini/Micro LED, Violet LED chip, VCSEL chip, CSP chip-scale packaging and other aspects will be added. Great R&D efforts have led to greater progress. In advancing Mini LED and Micro LED chips, the company has developed a 100-200um Mini LED chip, and a vertical structure Micro LED 50um chip is under development.
At the same time, Ouyang Xiaobo of Guoxing Optronics RGB Division revealed that the company will launch the first Mini LED display product in June.
On May 3, at the “2018 Guangdong Investor Relations Management Investor Relations Month Investor Collective Reception Day” event, Guo Xingguang’s financial director Tang Qunli introduced the progress of the company’s niche market layout. He stated that the company’s continuous chip Technological innovation, upgrading the core manufacturing technology of the chip, and playing a strategic supporting role in the chip field for the development of the package. Currently, it has achieved good results. For example, the D5D5 series flip chip with a chip technology subsidiary National Semiconductor has achieved a breakthrough of 170lm/w, technical level First class.
In addition, the Mini LED display products of the company are in the trial production stage, and further development of Micro LED chips and related technologies, and the continuous improvement of technical layout work according to market development. LEDinside
5.Q3 global smart phone panel supply and demand ratio narrowed affected by DDIC shortage
In the first half of this year, the market demand was sluggish, panel demand was low, and smart phone panel supply was in an oversupply situation. Sigmaintell expects the total global smartphone panel demand in the third quarter to be approximately 530 million units, an increase of 31.4% quarter-to-quarter. Thanks to the active preparation of Apple's new products, panel demand began to strengthen. It is expected that the supply and demand ratio of the panel will be further narrowed. At the same time, due to the shortage of DDIC (driving chips), the panel price will start to move steadily or there will be price pressures in some specifications.
Quzhi Consultation pointed out that from the perspective of demand, global smartphone growth remained weak in the first half of this year. Statistics on global smartphone shipments in the first quarter of the year totaled 320 million, a 2.6% decrease year-on-year. In the second quarter, it is still difficult to get rid of the year-on-year ratio. With a downward trend, global smart phone shipments are forecast to exceed 330 million units, an annual decrease of 0.4%.
QunZhi Consulting believes that there is no obvious improvement in market demand in the first half of the year. At the same time, due to the development of full screens and special screens, panel customization is highly diversified. In order to avoid inventory risks, terminal manufacturers are more cautious about stocking panels, resulting in weak overall panel demand. , After the first half of the off-season, market demand will begin to warm in the second half of the year.
Qunzhi Consulting estimated that the total global panel demand for smartphones in the third quarter was approximately 530 million pieces, a 31.4% increase in the quarter. In particular, driven by the active stocking of new products from Apple, panel demand began to strengthen, and Apple’s total demand for panels in the third quarter It is expected to be close to 100 million tablets, which will increase more than twice as much as the previous quarter. Other brands will also actively prepare for the arrival of the season.
Quzhi Consultation pointed out that from the perspective of supply, in the second quarter due to abnormal screen yields and other effects, the supply of panels declined slightly, with the increase in yield and stability, the impact of comprehensive size amplification, the third quarter LCD There is a slight increase in the supply stability of panel and rigid AMOLED panels. Among them, the flexible AMOLED production capacity continues to expand, with the most significant increase in supply.
According to QunZhi Consulting, the overall smartphone panel supply capacity in the third quarter increased by 8% quarter-on-quarter, and the flexible AMOLED supply capacity quarter increased by nearly 30%, which mainly responded to the growth of Apple's demand; therefore, the global smartphone panel demand grew in the third quarter. The scale is much higher than the growth of supply, and the ratio between supply and demand is narrowing.
According to the analysis of supply and demand model of Qunzhi Consulting Group, different technology categories present varying degrees of supply risks. The price advantage of a-Si (amorphous silicon) LCD panels still holds low-end smartphones in the supply and demand of LCD panels and price trends. The main share of the market, with the arrival of the market peak season in the second half of the year, the supply and demand in the third quarter is expected to be tight, with the upward pressure on the DDIC (driving chip), a-Si mobile phone panel prices have upward pressure.
LTPS LCD panels have been in a state of oversupply for a long period of time. With the development of full-screen, the proportion of LTPS projects in each terminal has increased, demand has grown significantly, and Apple’s new LCD demand this year is still strong. It is estimated that LTPS (low-temperature polysilicon) will start in the third quarter. ) The supply and demand of LCD panels tends to balance, and the oversupply condition is significantly improved.
In the AMOLED panel supply and demand and price trend, rigid AMOLED is actively following up the development of full-screen regardless of its pricing strategy or product strategy. It is striving for more orders from customers. Quynh Consulting believes that the overall balance of supply and demand in the rigid AMOLED 3 season is relatively balanced. , The price remains basically balanced; Flexible AMOLED will be mainly affected by Apple's demand. In the third quarter, Apple's new machine released a demand pull, and the overall supply tends to be tight.
In the second half of the year, the arrival of the market peak season, the supply and demand of mobile phone panels tends to be balanced, and the prices begin to move toward a stable or partial-specific price pressure. Legal persons believe that Taiwanese factories including AUO, Innolux, Colorful Crystal, and Huaying are all expected to benefit. Yan Heng Network
6. TPK-KY fights Apple's new machine in the second half of the year to bring back temperature; pushing nano-silver touch
Touch panel maker TPK-KY Xiaohong followed revenue in the first quarter of this year, gross profit margin and profit fell simultaneously. Although the camp recovered in April, the company’s view on the second quarter is still conservative, mainly due to customers’ new listings. It may also adjust the inventory of old models. It is expected that the second quarter will be the trough of this year. In the second half of the year, driven by new customer products, the operation is expected to increase significantly.
In addition to the existing touch technology products, TPK-KY focuses on future flexible displays and large-size display business opportunities. In recent years, TPK-KY has continued to invest in the development of nano-silver touch technology and has mastered the previous conductive materials (investment in Cambrios). The latter stage module technology. The company believes that this year will be the first year of nano-silver touch. It is expected that new products will be launched this year. It will begin to sprout next year. In the initial stage, electronic whiteboards, video equipment, and educational applications will be promoted.
In addition, the current application of touch panels for automotive applications accounts for approximately 4% of TPK-KY's revenue. In the past two years, they have successively contacted European first-line customers, including dual-B brands, and have begun shipping. Due to the long life of automotive products, market demand is relatively high. Stable, US-based customers will also have growth in the future, and the target for this year's car touch screen is expected to exceed 5%.
According to the company, TPK-KY has a chance to jump back and forth this year. The main reason is that customers will continue to adjust the old model inventory before the launch of the new model. Therefore, the second quarter may be the bottom, and the single-quarter revenue does not exclude the quarterly decrease. With double-digit margins, the industry may also face loss pressure. In the second half of the year, driven by the new model supply chain of customers, revenue is expected to increase significantly.
Among them, the new OLED screen mobile phones will continue to use pressure sensors, but the price of the new models of LCD touch screen modules is relatively high, so even though the shipments of LCD screen models may be relatively large, Low profit contribution.
TPK-KY recorded revenue of NT$107.2 billion last year (the same below), an increase of 20% year-on-year.
In the first quarter of this year, affected by seasonal factors and working days, the single-quarter revenue fell to 20.85 billion yuan, with a quarter-to-quarter reduction of over 30%. Due to the drop in capacity utilization rate, the gross profit margin also declined. In addition, there was an industry disposal of assets in the same period of last year. Earnings attention, with a higher base period, and this year's earnings mainly from the industry, so the first quarter earnings per share of 0.17 yuan, a record low of 6 quarters. In April this year, the camp recovery rose to 6.64 billion yuan, a monthly increase of 9.3%, Annual increase of 2.3%.
As for the estimated depreciation expense of approximately RMB 6.8 billion this year, it is expected to decrease by approximately RMB 1 billion from last year. At the same time, the reduction in the number of employees will also result in a reduction of operating expenses by approximately 10% compared with the previous year. This represents a gross profit margin and profits for the industry or multiples. Or less help. MoneyDJ