Products Category
Graphic LCD
Contact Us
Name: Cassie.Huang
Tel: +86-755-27864416
Fax: +86-755-27864653
Mobile: 15989366182
E-mail: cassie@rxxdisplay.com
Skype: live:cassie_1191
QQ:
2850818618
Link
Company News
>> Large-size panel prices continue to fall 17th,Nov,2021
Core reminder: Recently, domestic leading panel manufacturers BOE and TCL Technology have successively released their first three quarters performance forecasts. BOE expects to achieve a net profit increase of 701%-710% during the reporting period. TCL Technology expects to achieve a net profit return during the reporting period. Profits increased by 346%-353%.
Recently, the leading domestic panel manufacturers BOE and TCL Technology have successively released performance forecasts for the first three quarters. BOE expects to achieve a 701%-710% increase in net profit attributable to the parent during the reporting period, and TCL Technology expects to achieve a 346 increase in net profit attributable to the parent during the reporting period. %-353%.
Although the profit performance has far exceeded expectations, the continued decline in panel prices since July has made some research institutions question the ability of the two companies to fulfill their future performance.
With the European and American TV sales season coming to an end with advance stocking in the third quarter, coupled with weak sales during the November holiday period, panel makers' capacity adjustments were relatively small, and the market was under pressure from oversupply, which aggravated the decline of TV panels in October.
According to TrendForce’s latest quotations in late October, the prices of TV panels of all sizes have fallen across the board. Among them, 32-inch and 43-inch small and medium-sized panels, which were the first to fall in price since July, returned to US$44, 78, and 32-inch panels in October. Compared with the mid-year high of US$88, the price has been cut in just 3 months.
In this context, the two companies began to actively adjust their product structure and actively explore new downstream demands, and their results have been demonstrated in the first three quarters of this year.
Expand the small and medium-sized product line to ensure future performance
For a long time, Samsung Display has maintained a dominant position in the field of mobile phone panels, but this situation is likely to improve in the next two years.
The research report released by Omdia believes that Chinese panel makers are shaking Samsung Display's dominance by improving technological standards and low-price competition strategies. It is estimated that by 2022, Samsung Display’s share in the AMOLED panel market will drop from 77% this year to 65%, while the market share of panel manufacturers in mainland China will increase from 15% to 27%.
After the completion of the country transfer of the LCD industry, the capital and technical reserves of leading domestic panel manufacturers have long been different. In this context, BOE and TCL Technology have begun to focus on the field of mobile phone panels.
In August of this year, TCL Technology confirmed that its subsidiary TCL Huaxing officially supplied AMOLED panels for smartphones to Samsung Electronics. Prior to this, Samsung Electronics’ OLED screens were exclusively owned by its subsidiary Samsung Display. TCL Huaxing’s ability to enter the Samsung OLED panel supply chain is sufficient to show that its various technical indicators have been able to meet the requirements of Samsung Electronics’ Wireless Division.
Recently, according to technology media gizchina, BOE expects to supply more than 15 million AMOELED panels for iPhone 12 and iPhone 13 to Apple this year. If the news is true, this figure is equivalent to about 10% of Apple's iPhone AMOLED panel usage this year. .
Omdia predicts that global smartphone OLED panel shipments are expected to reach 812 million in 2022, a year-on-year increase of 38.8%. Among them, the domestic "panel duo" BOE and TCL China Star have the most significant growth. BOE's market share is expected to increase from 6% this year to 13%, and TCL China Star's market share will increase from 2% to 6%.
In terms of medium-sized panels, according to the semi-annual report previously released by TCL Technology, in the first half of this year, the TCL Huaxing t3 production line accounted for 23% of the mid-sized shipments of laptops, vehicles, and tablets. On the whole, TCL Huaxing’s non-TV business is also gradually increasing, with the proportion of production capacity increasing from 9% to 14%, and the proportion of revenue increasing from 12% to 19%.
In fact, since 2020, with the supplement of TCL Technology's medium-size production capacity, TCL China Star has gradually formed a large, medium and small full-size business layout, with a more balanced business and revenue structure. According to TCL Technology's announcement, in the first half of this year, the company's small and medium-sized business achieved operating income of 10.6 billion yuan, a year-on-year increase of 45%; shipment area reached 800,000 square meters, a year-on-year increase of 51%.
Specifically, in the high-end e-sports market, TCL Technology's market share has ranked second in the world. This year, LTPS notebook panel shipments are the second in the world, and LTPS flat panel shipments are the world’s largest. In-vehicle products have also been introduced this year. Head customers at home and abroad.
Actively open up new battlefields and create new momentum for industrial growth
Since the second half of this year, the panel craze caused by the outbreak of the epidemic has gradually subsided. The comprehensive shortage of parts and components has been alleviated, and the panel industry may once again enter the downward channel. TrendForce Display Research Office Fan Boyu said that looking forward to 2022, the supply-demand ratio of large-size panels will be 5.4%, and it is expected that the supply-demand ratio will reach 7.3% in 2022, and panel prices may remain weak.
Although this will limit the profitability of the panel industry, BOE and TCL Technology have previously expanded their main businesses in the first three quarters of this year.
TCL Technology’s performance forecast shows that in the first three quarters of this year, Zhonghuan Semiconductor’s revenue and profits continued to grow rapidly, becoming the second engine of the company’s performance growth.
According to the performance forecast issued by Zhonghuan, during the reporting period, it is expected to achieve operating income of 28 billion-30 billion yuan, a year-on-year increase of 109.32% to 124.27%. %.
According to TCL Technology, through technological innovation, Zhonghuan Semiconductor has continuously increased the monthly output of single crystal furnaces, reduced the silicon consumption per unit product, increased the rate of silicon wafer A, and improved the output efficiency. The G12 product scale has accelerated and the product structure transformation has been smooth. Semiconductor photovoltaic materials Business profitability increased significantly. The semiconductor materials business has released effective production capacity by accelerating the commissioning of new production lines and further increased the scale of production and sales of semiconductor materials. The 8-12-inch large silicon wafer project is progressing smoothly.
In July 2020, TCL Technology successfully acquired a 100% stake in Zhonghuan Group, a subsidiary of Zhonghuan. Since the completion of the acquisition, Zhonghuan has signed a three-year cooperation agreement with TCL Finance, a subsidiary of TCL Technology. According to the agreement, TCL Finance will provide Zhonghuan with better deposit and loan interest rates than commercial banks, paving the way for the subsequent development of Zhonghuan.
On the other side, BOE's "1+4+N" business group development model has also made considerable progress this year.
In March of this year, JD.com announced the overall strategic layout of the southwest region, namely to build a southwest industrial cluster with Chengdu, Mianyang, and Chongqing as the core, that is, to build a southwest industrial cluster with Chengdu, Mianyang, and Chongqing as the core, including 6 semiconductors. Display production lines, 1 R&D center, 2 smart system innovation centers, 1 digital hospital, etc., with a cumulative investment scale of about 200 billion yuan.
One month after the launch of the Southwest Strategy, Chengdu BOE invested RMB 6 billion and officially opened clinics, providing smart medical services including smart clinics, smart nursing, and smart medical technology, building a set of innovative hospitals with BOE characteristics The operating model has become a model for the cross-border layout of the semiconductor display industry.
Chinese
Deutsch
Espanol
Francais
Italiano
Portugues
Japanese
Korean
Arabic
Russian
