1. BOE plans to invest 100 million yuan in electronic control production, and invest in three major areas such as integrated circuit equipment;
Set micro-network news (text / Lee), July 30, BOE issued an announcement, the company's board of directors reviewed and approved, intends to use Beijing Electronics Holdings Co., Ltd. (hereinafter referred to as 'Beijing Electronic Control') 'Industry + Capital' industrial development model , Beijing Electronic Control and other subsidiaries of Beijing Electronic Control, North Huachuang Technology Group Co., Ltd. (hereinafter referred to as 'North China Huachuang'), Beijing Electronic City Investment and Development Group Co., Ltd. (hereinafter referred to as 'electronic city') Beijing Electronic Control Industry Investment Co., Ltd. (hereinafter referred to as 'Electronic Control Production Investment') increased its capital by 570 million yuan, of which BOE invested 100 million yuan, and used this as a platform for Beijing's electronic control industry investment, driving the high-quality development of the industry through capital operation.
According to the disclosure, Beijing Electronic Control is the actual controller of the company. The North Huachuang, Electronic City and Electronic Control Production Investment are all subsidiaries of Beijing Electronic Control. The transaction constitutes a connected transaction.
The total investment of electronically controlled investment is 570 million yuan. At present, the registered capital is 30 million yuan. Beijing Electronic Control has increased the capital by 270 million yuan to the electronically controlled production investment. BOE has increased its capital by 100 million yuan to its electronically controlled production investment. In the north, Huachuang increased its capital by 100 million yuan to the electronically controlled production investment. The electronic city increased its capital by 100 million yuan to the electronically controlled production investment.
Shareholding structure before and after capital increase:
The direction of investment projects of electronically controlled investment and investment: Electronically controlled production investment invests in projects that meet the investment direction through fund investment and direct investment, and establishes funds as a limited partner and invests through funds as the main investment mode. Mainly invested in technology services, integrated circuit equipment, the IoT smart port industry chain upstream and downstream of the three industrial sectors; follow-up, and gradually expand to cultural and creative, new energy and other industrial fields.
The electronically controlled production investment selects the investment target on a global scale, focusing on the enterprises in the VC and PE stages. The enterprises identified as the investment target should have the following characteristics: First, the main business has the core competitiveness in the industry segmentation; Second, there is a clear enterprise development strategy and strong strategic execution; Third, the company has strong operational capabilities, business model innovation, and promising development prospects; Fourth, it has strong profitability or relatively clear earnings prospects, assets. The liability structure is reasonable, and the financial basis is standardized; Fifth, the management team is excellent and stable, and has a deep understanding of the industry; sixth, the corporate culture is honest and upright.
BOE said that after the completion of the shareholding company, BOE will use the electronically controlled production and investment platform to find high-quality enterprises in the industry on a global scale, carry out industrial mergers and acquisitions, and enhance the scale of the industry, core competitiveness and overall profitability; In terms of equity investment in the upstream and downstream of the IoT smart port industry chain, we will explore new projects and new industries that support future development, and promote industrial transformation and upgrading. (Proofreading/Lee)
2. Panel driver IC and touch IC factory Duntai's second quarter revenue season grew by 4.6%;
Panel driver IC and touch IC factory Duntai (3545) held a law conference and announced the quarterly report today (27), benefiting from China's smart machine shipments and product price increases, plus exchange gains, second quarter tax After-net profit reached 79.93 million yuan, a 7-fold increase from the previous quarter, an annual increase of 158%
Beijing time on July 27th news, China's touch screen network news, Duntai Q2 profit increased more than 1.5 times / EPS 0.31 yuan, but Q3 performance is estimated to cool. Panel driver IC and touch IC factory Duntai (3545) today (27 On the day of the law conference and the publication of the quarterly report, benefiting from China's smart machine shipments and product price increases, coupled with exchange gains, the second quarter after-tax net profit reached 79.93 million yuan, a 7-fold increase over the previous quarter, an annual increase of 158 %, is the best result in the same period since the merger of Duntai and Asahi in 2015. It shows that the consolidation effect continues to show; however, looking forward to the third quarter, Duntai expects that the third quarter will be the peak season due to limited IDC capacity. If the market is not prosperous, the performance is expected to decline. However, the IDC capacity shortage is expected to gradually ease in the fourth quarter. If the problem is solved, it is expected that the fourth quarter shipment will rise very quickly.
Benefiting from the traditional peak season of China's smart phones, coupled with the product price increase effect, Duntai's second quarter revenue reached 2.733 billion yuan, a quarterly growth of 4.6%, an annual growth of 5.2%; gross profit margin reached 21.6%, due to the main force The price of products has increased, and the proportion of products from low gross profit margins has been successfully reduced. It has reached a new high in the past five quarters, up from 20.1% in the previous quarter and 20.5% in the same period of last year. In addition, with the exchange gains, the net profit after tax will reach 79.93 million yuan. , a 7-fold increase from the previous quarter, an annual increase of 158%, and a earnings per share of 0.31 yuan.
Duntai pointed out that from the second quarter product portfolio, IDC, panel driver IC (DDI), and touch IC revenue accounted for 30-40%, 30-40%, 20-30%, respectively. Then 40-50%, 30-40%, 10-20%.
Looking forward to the third quarter, Duntai said that the DDI price increase benefit of the main products will still contribute to the third quarter, but IDC capacity will continue to be limited for a period of time. It is expected that the third quarter results may decline compared with the second quarter. Thailand has also adopted different fabs and different processes such as 55 nm to solve IDC capacity problems. With the success of wafer foundry capacity, IDC capacity shortage is expected to gradually ease in the fourth quarter. Solved, it is expected that the fourth quarter shipments will rise very quickly. Digital Signage Network
3.6.1 吋 iPhone will be shipped at the end of November? The JDI LCD panel yield is only 1%;
Apple expects to launch three next-generation iPhone rumors in this year (2018). In addition to the current upgraded version of the iPhone X (5.8 吋), the iPhone X Plus with 6.5-inch OLED panel will be introduced. A new 6.1-inch LCD panel.
Among them, about the 6.1 吋 LCD version of the new machine, recently began to spread the news that the sale time will be delayed, following the analysts said that 6.1 吋 new machine will delay the production of one month after the mass production, the Japanese website latest news It is said that due to the low yield of LCD supplier Japan Display Inc (JDI), the new 6.1 恐 machine will not be shipped until the end of November. If the content reported on the Japanese website is true, 6.1吋The new machine may have to wait until December to start selling.
Macotakara, a Japanese technology blog with high accuracy, has reported that Apple's 6.1 new machine will be equipped with JDI's 3rd generation 'Pixel Eyes' touch sensing system for 4-sided ultra-narrow bezel design. 'Full Active (see photo)' LCD panel products, but this LCD panel product is required to produce very high precision, so JDI's yield when mass production began in July was only 1%, so according to the relevant person pointed out , 6.1 吋 new machine is the fastest to wait until the end of November 2018 to ship.
If the 6.1 new machine really has to wait until the end of November to ship, its sales time will be delayed until December.
In addition to the above 6.1 new machine news, Macotakara also pointed out that Apple's next-generation iPad Pro products will use a narrow bezel design, and will cancel the 3.5mm headphone jack, the body size will also be smaller than the current model. Macotakara said, the second generation iPad Pro It will have the same size of 10.5吋 and 12.9吋 as the current model, and the second generation 10.5 will be reduced to 247.5mm (height) x178.7mm (width) x6mm (thickness), and the 12.9吋 product will be reduced to 280mm ( High) x215mm (width) x6.4mm (thickness).
According to the offer of the Harvest XQ Global Winner System, Apple fell 1.66% on the 27th, closing at 190.98 USD, which fell for the second consecutive trading day.
Japanese intelligence website taisy0 reported that Morgan Stanley analyst Katy Huberty reported on July 24 that it is expected that the new 6.1-inch iPhone released this autumn will have problems due to the production of backlight modules for LCD panels. Time may be delayed by one month, which may affect Apple's performance in the fourth quarter of 2018 (July-September 2018).
Guo Minghao, who is known as the 'bigest apple analyst on the surface,' pointed out that the next generation iPhone will be very 'colorful', of which 6.1 吋 will have 5 colors, 6.5 则 will launch gold, and competitive Under the price and new color blessing, it is expected that the new iPhone will sell 70 million during the Q4 2018 period, boosting the overall iPhone shipments will increase significantly compared with the same period last year, of which LCD models will account for 55% of sales. And it is estimated that the proportion will be further expanded in 2019.
Nikkei Asian Review reported on June 8th, according to industry sources, Apple expects the three new iPhone models to be sold this year will be the same as the current iPhone X, which will be equipped with TrueDepth for face recognition technology 'Face ID'. Camera system (3D sensing technology).
According to Yuanta Securities Investment Consulting's supply chain survey, Hon Hai (2317) will be the largest assembly plant for the 2018 version of the iPhone, and will exclusively purchase all OEM orders for the 5.8-inch OLED version and 80-90%. 6.5 吋 OLED model orders and 30% 6.1 吋 LCD version of the model orders. Heshuo will win 6.1 吋 60% of the order and 10-15% 6.5 吋 model orders; the remaining orders won by Wistron (3231) . MoneyDJ
4.IHS Markit: Korean and Chinese TV manufacturers will increase panel purchases in the third quarter;
According to IHS Markit's latest "TV Display and OEM Information Service", Korean TV brand panel purchases are expected to increase to 20.4 million in the third quarter of 2018, an increase of 18% from the previous quarter and an increase of 3% over the same period last year. The top 5 TV brands are likely to maintain their purchases at similar levels in the third quarter, which is a quarter-on-quarter increase of 1% or a year-on-year increase of 17%. 36kr
5. The mainland panel factory continues to expand production. Taiwan enterprises rely on three major strategies to break through;
With the new capacity of the mainland panel factory, the imbalance between supply and demand in the panel may become the new normal in the future. The Taiwan panel factory faces the competition between the Korean factory and the mainland panel factory. How to find a breakthrough is the direction of the industry in recent years. Peng Shuanglang, chairman of the board of directors, said frankly that when the panel boom is good, everyone will earn it together. When the time is not good, the era of loss together has passed. In the future, it is necessary to rely on three major strategies to break through. In addition to capacity, technological innovation and management capabilities are important keys to survival.
AUO's second-quarter earnings report outperformed market expectations, maintaining profit for the eighth consecutive quarter, and earning the LGD of the Korean factory for two consecutive quarters. Peng Shuanglang believes that AUO's value transformation strategy is relatively stable in terms of operations relative to the industry, he said The ups and downs of the industry boom are inevitable. After the peak season, we will also prepare for the future boom cycle. AUO adheres to the three dimensions of optimal scale, value transformation and technological innovation, and the results are shown in operational efficiency.
Peng Shuanglang pointed out that it was mentioned in 1 or 2 years ago that we have seen that the entire panel market will follow different paths. China should follow the policy and government support, and the scale and capacity will be large. The above competition; Han factory has group support in addition to the government, AUO is relatively weaker than this part, so set its own strategy.
He stressed that compared with the loss performance of Korean competitors in the past two quarters, AUO maintains profitability, mainly in the production lines, products and technologies that have been invested, in the current scale and the modest expansion of high-quality production capacity in the future. It is not the road of scale competition. It is the road of value competition, including products, customer layout or future display technology layout, hoping to create more value.
Peng Shuanglang said that in the future, it may be seen that companies in the panel industry should see some different results at different stages. When they have a good time in the past, everyone will earn it together. It’s not good to lose money together. The same, therefore, under the three major strategies, AUO's cautious implementation continues, and results are also seen.
Recently, BOE Chairman Wang Dongsheng said at the shareholders meeting, 'The liquid crystal display industry will be similar to CPU and GPU manufacturing companies in the future. In the end, there are only about three in the world, no more than five, and BOE will be one of them.' In this regard, AUO Chairman Peng Shuanglang responded with confidence, and there must be AUO in these three.
Panel prices continue to fall. Some sizes have fallen by 25% this year. Close to cash costs, the market is watching when TV panel prices will stop falling. Peng Shuanglang pointed out that everything is extremely counterproductive and cannot be maintained below cash cost for a long time. How can I help people to work and bring their own lunches, the market will adjust to find a balance.
Peng Shuanglang said that the brand's inventory adjustment in the second quarter is coming to an end. This year, there is a World Cup football match, and in the third quarter, the fourth season is the traditional peak season. Order demand will be better than the first half of the year. How much better? Deconstruction, and how strong the promotion is. Overall, the performance of the panel industry in the second half of the year will be better than the first half.
Peng Shuanglang pointed out that the unfettered rhetoric of the old generation line does not exist. Every generation has suitable products. The old generation line is a high-order, and a small number of diverse products are most appropriate. For example, Caijing has relied on a panel factory in the past few years. Last year, the interest rate was defeated by all panel factories. The industry and scale are definitely not the only conditions. The development cost of the new generation panel factory is quite high. Take the 10.5 foundry as an example. It takes about 100 million yuan to open the hood. 60 million yuan, 5 generations of masks about 10 million yuan, high cost of change, can not do a small number of products, which is why the past competitors in the commercial market.
AUO's product line is wide, in addition to TV panels, as well as NB, monitors, mobile phones, car and commercial panels, the company will dynamically adjust production capacity in response to market conditions. Display home
6. Difficulty in transferring large amounts of glass substrates into the mainstream of MicroLED small size;
The development of MicroLED display technology has attracted much attention. The huge amount of transfer is a technical bottleneck that many manufacturers urgently need to solve. Since glass substrates are easier to realize huge transfer than PCB substrates, they have become the technology of many manufacturers. Optimize the direction. Glass substrates have become the preferred solution for small and medium-sized MicroLED displays such as mobile phones and smart watches.
According to the research assistant of the research institute Jibang Technology Green Energy Division, Yu Chao pointed out that this year, it is worth noting that many manufacturers began to display large-scale MicroLED billboards. For example, Sony was exhibited in 2017. 'CLEDIS' (Crystal LED Integrated Structure) display, and announced that it is about to start selling; Samsung also announced that The Wall will be sold in the second half of 2018, large-scale MicroLED display is about to mass production.
Chu Yuchao believes that among all the products currently displayed, Sony's CLEDIS display technology is the most mature. Since the PCB size used by Sony CLEDIS is the current limit, the micro-LED has a grain size of less than 30 microns. In addition, the passive (PM) drive scheme is adopted. In terms of this technical architecture, the bigger challenges in the future will still be the process of transferring the MicroLED to the PCB.
Yu Yuchao further stated that due to the low flatness of the PCB, it is difficult to transfer the microLED die directly to the PCB. In the case of Sony's die size of less than 30um, it is necessary to transfer the die to the PCB. After transferring to a temporary substrate, it is possible to transfer to the PCB again. The process of transferring the MicroLED die to the glass substrate is relatively easy. Therefore, all manufacturers are thinking about it. If the cost of the MicroLED is to be reduced in the future, It may be necessary to consider replacing the PCB board with a glass substrate, and then using the glass substrate to do the active driving scheme of the TFT, thereby reducing the manufacturing cost.
For this reason, glass substrates have become mainstream solutions in the development of small and medium-sized MicroLED displays such as smart watches. However, if glass substrates are used to form large-scale display screens, many unsolved technical problems may be encountered. New electronics