In Jingdong electric appliance column, search for mini LED TV, and full screen related products come: Samsung, Hisense, TCL, Huawei, etc. have launched Mini LED TV with a price of thousands to 12000 yuan. Hisense TV’s 65 inch 4K ultra clear uled Mini led comprehensive screen, priced at 7599 yuan, has become a traffic star with more than 200000 + comments.
The industry believes that the demand for mini LED display may double in 2022, and the performance of mini LED TV is worth looking forward to.
Analysts believe that mini LED will be the general direction of display in the next three to five years, and the enterprises taking the lead in layout are expected to benefit from large-scale mass production in the industry.
in the first year of commercialization, equipment enterprises were full of orders
Spring River warm duck prophet. 2021 is the first year of commercialization of mini LED display, and equipment enterprises are the first to perceive the volume of the industry. Shenzhen Xinyichang Technology Co.Ltd(688383) the performance forecast shows that the net profit after deducting non-profit in 2021 is 210 million yuan to 225 million yuan, with a year-on-year increase of 104.91% to 119.55%. The main reason is that the company focuses on the main development line of intelligent manufacturing equipment industry and continues to maintain its advantages in the industry. The income of traditional LED solid crystal machine, mini LED equipment, semiconductor equipment and capacitor aging test equipment has increased significantly compared with the same period of last year.
MOCVD equipment is the core equipment for producing mini led. The operating revenue of Advanced Micro-Fabrication Equipment Inc.China(688012) with MOCVD equipment as the main business is expected to be 3.108 billion yuan in 2021, an increase of 36.73% year-on-year.
It is estimated that the net profit after non deduction in 2021 will be RMB 280 million to RMB 330 million, with a year-on-year increase of 1100.72% to 1315.13%. Advanced Micro-Fabrication Equipment Inc.China(688012) said that due to the reasons of the downstream market and the unrecognized revenue of the newly signed Mini led MOCVD equipment scale orders this year, the MOCVD equipment revenue in 2021 was 503 million yuan, an increase of about 1.5% over 2020, but the gross profit margin of MOCVD equipment reached 33.1%, a significant increase from 18.7% in 2020.
The amount of new orders signed by the company in 2021 was 4.13 billion yuan, an increase of about 1.96 billion yuan over 2020, a year-on-year increase of about 90.5%. The company disclosed in its 2021 semi annual report that prismo Unimax, a MOCVD device specially designed for mass production of high-performance Mini LEDs, has received orders from leading customers in China.
Mini LED is a new display technology. Compared with LCD (liquid crystal display technology), mini LED has greatly improved the contrast, brightness and other parameters of the screen panel, and has better resolution and accurate light control.
Apple took the lead in promoting the mass production of mini led. In April 2021, Apple released the iPad pro with mini LED backlight display In October 2021, Apple released two more MacBook Pro, both with mini LED screens. In August 2021, the Samsung Mini led E-sports screen Odyssey Neo G9, which followed closely, was listed. In addition, Huawei, TCL and Hisense have laid out Mini LED related products.
Wang Fei, deputy general manager of Jibang consulting and research department, a high-tech industry market research institution, revealed that the global Mini led grew rapidly last year, but the scale was less than expected. The main reasons are: centralized orders and slow arrival of equipment; The prices of upstream materials and parts, including chips and PCB copper clad laminates, are rising, and the supply is limited.
early layout is expected to benefit
Jibang consulting predicts that from 2020 to 2025, the compound growth rate of mini LED market scale will be 73%. Jibang consulting Wang Fei believes that in the next three to five years, mini LED will be the general direction of the development of the display industry. Enterprises that partially the track in advance will gain a competitive advantage in the improvement of industry concentration in the future. In terms of 2022, the tight supply of equipment and chips that inhibited the growth of the industry last year should be alleviated, and the growth of the industry is expected to accelerate this year.
The prospective industry research institute predicts that the compound annual growth rate of China’s Mini LED industry will reach 50% from 2020 to 2026.
CES USA is the wind vane of the industry. At the American CES exhibition in January this year, head TV manufacturers all took Mini LED TV as their new products. Among them, Chinese and Korean TV manufacturers have continued to focus on mini LED technology in recent years, and have shipped in batches. Mini LED series application products will drive relevant supply chains in China.
China’s Mini LED industry chain has a high self-sufficiency rate in all links. Wang Fei revealed that although there is still a gap with the ideal state, the technology of mini LED has made rapid progress in recent years, and the yield is constantly improving. The influx of a large number of funds has also accelerated the improvement of the cost performance of the industry.
Some listed companies have laid out the mini LED industry in advance. The chip field includes Sanan Optoelectronics Co.Ltd(600703) , Hc Semitek Corporation(300323) and zhaochi shares; The module field includes Hongli Zhihui Group Co.Ltd(300219) , Shenzhen Refond Optoelectronics Co.Ltd(300241) , Foshan Nationstar Optoelectronics Co.Ltd(002449) , etc.
On February 16, Shenzhen Mtc Co.Ltd(002429) held a contract signing activity for LED display terminal project and equipment procurement in Nanchang, Jiangxi Province. The total investment is 3 billion yuan. It is planned to build 1000 Mini LED display module packaging production lines and deepen the layout of display business. The project is expected to be put into operation after the second quarter of this year.
As one of the first leading enterprises to develop and mass produce Mini LED chips, Hc Semitek Corporation(300323) Mini LED chips have been shipped in batches in 2019, entered the supply chain of large terminal manufacturers such as qunchuang and BOE, and appeared in many related terminal new products of Huawei and Skyworth in 2021. In addition, Hc Semitek Corporation(300323) has jointly developed Mini led active glass based technology with BOE, realizing a major breakthrough in the field of mini LED technology.
