Our country is a major screen-producing country and the world's largest panel production and manufacturing base as well as a place for R&D and application. It plays an important role in promoting the development of the global display industry. According to data, the scale of my country's new display industry will reach 586.8 billion yuan in 2021, a year-on-year increase of 31.57% in 2020. At present, my country's annual display panel production capacity has reached 200 million square meters, strongly supporting applications in smartphones, TVs, monitors, laptops, tablets and other fields.
In the field of new displays, LED, TFT-LCD and OLED panels are the most widely used. At present, domestic listed companies BOE, TCL, Zhaochi, Visionox, etc. are all deeply involved in this area, and are "adding fuel" to open up a new pattern of global market competition.
Take BOE as an example. BOE is a key enterprise in my country's new display industry and is known as the "No. 1 Panel Brother". With years of mature display technology and high-quality display products, BOE’s business revenue in the field of display devices has gradually increased in recent years, and it is playing like a fish in water.
According to BOE A, the company's flexible OLED business will basically complete the annual shipment target in 2022, maintaining a year-on-year growth of more than 30%. In 2023, as the company's flexible OLED business continues to grow and client share continues to increase, the company's flexible OLED product shipments are expected to continue to maintain substantial growth.
On February 10, BOE’s 6th generation new semiconductor display device production line kick-off event was held in Beijing. It is reported that the total investment in this production line is 29 billion yuan. After mass production is achieved in 2025, it will further enhance BOE’s layout in high-end display technologies such as VR and Mini LED.
Let’s look at TCL again. TCL’s display segment mainly includes large, medium and small size display products and smart commercial display products.
It can be seen from the 2022 annual performance report released by TCL Electronics that TCL Electronics’ smart screen product structure will continue to upgrade in 2022, with display business revenue reaching HK$57.907 billion and gross profit margin rising to 18.2%.
On March 21, TCL held a QD-MiniLED TV new product launch conference called "The Land Not Yet", and the QD-MiniLED TV king combination made a grand appearance. As a global MiniLED display technology company, TCL entered the MiniLED market as early as 2017 and officially launched its first MiniLED TV in 2019. Currently, it has launched multiple series of MiniLED products, covering product lines from high-end flagships to affordable multi-price products.
New displays empower thousands of industries and have promising future prospects. Recently, various places are gearing up to develop new "Nuggets" display tracks.
On March 9, 2023, the Chengdu Municipal Economic and Information Technology Bureau and the Chengdu Municipal Finance Bureau jointly issued the "Chengdu Municipal Opinions on Several Policies to Further Promote the High-Quality Development of the New Display Industry" (referred to as the "Opinions"). According to the Intelligent Manufacturing Network, the "Opinions" are the first domestic development support policy named after the "new display industry" and will further promote the high-quality development of Chengdu's new display industry. The "Opinions" pointed out that it is necessary to broaden the ecological system of the new display industry, strengthen support for the production service field, and provide financial support of up to 3 million yuan to production service enterprises that provide equipment maintenance, parts cleaning, and inspection and testing around production and manufacturing; it is necessary to provide support for the research and development of key technologies and key products in the new display field.
Chongqing City, driven by panel manufacturing, is actively building a national-level new display industry cluster. With Liangjiang New Area as the main hosting area, nearly 60 upstream and downstream companies in the new display industry chain, including BOE and Lianchuang Electronics, have gathered to form a full industry chain from raw materials and component parts, glass substrates, LCD panels, display modules to complete devices. During the "14th Five-Year Plan" period, we will focus on the construction of new LED display and other industries and actively develop the next generation of new display products. At the same time, it will promote the 6th generation AMOLED (flexible) production line project to reach production and increase OLED production capacity. Accelerate the construction of key projects such as display module production lines, light back modules and R&D centers, and large-size touch screen R&D and production.
The new display industry is a strategic, basic and leading industry for a manufacturing powerhouse, and is an important carrier of information display. Facing the new needs of the development of the digital economy, new display technologies will empower the overall economic development to a new level!
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