China micro obtained the purchase order of MOCVD equipment, and the prosperity of mini led continued. According to official account number of Advanced Micro-Fabrication Equipment Inc.China(688012) , Nanchang’s wholly-owned subsidiary of Advanced Micro-Fabrication Equipment Inc.China(688012) received the purchase order from Jiangxi trillion Chi semiconductor 52 cavity PrismoUnimax MOCVD equipment. Prismo Unimax is a MOCVD device for mass production of high-performance Mini led released by Advanced Micro-Fabrication Equipment Inc.China(688012) in June 2021. The device can be equipped with up to four reaction chambers in the same system, and is equipped with an innovative multi zone temperature compensation heating system, which has excellent wavelength uniformity, repeatability and stability. Prismo Unimax, as the latest product of Advanced Micro-Fabrication Equipment Inc.China(688012) prismo series MOCVD equipment, can meet the strict technical requirements of mini led. As of December 2021, Advanced Micro-Fabrication Equipment Inc.China(688012) prismo Unimax MOCVD equipment orders exceeded 100 cavities. In addition to the medium and micro enterprises, the leader of LED solid crystal equipment Shenzhen Xinyichang Technology Co.Ltd(688383) issued a pre increase announcement of 2022q1 performance on March 28. The net profit attributable to the parent company in Q1 is expected to increase by 68.66% – 81.63% year-on-year. We believe that on the one hand, the leading position of Advanced Micro-Fabrication Equipment Inc.China(688012) , Shenzhen Xinyichang Technology Co.Ltd(688383) in the relevant equipment market has been further consolidated, on the other hand, the prosperity of mini LED manufacturers continues.
LED industry chain manufacturers continue to layout Mini led On March 22, Sanan Optoelectronics Co.Ltd(600703) fixed increase was approved by the CSRC. The company plans to raise no more than 7.9 billion yuan and plans to invest in Hubei San’an Mini / micro display industrialization project and supplement working capital. On March 18, Shenzhen Mtc Co.Ltd(002429) issued the announcement on signing the investment agreement, which plans to invest 5 billion yuan in the construction of mini LED chip and RGB small spacing LED display module project in Nanchang high tech Zone. On March 16, Shenzhen Longli Technology Co.Ltd(300752) issued the declaration draft of the fixed increase announcement, which plans to raise 1.002 billion yuan for the construction of medium and large-size Mini LED display module intelligent base project and the supplement of working capital.
The major terminal manufacturers have arranged one after another to drive the growth of relevant industrial chains. As a new generation of core display technology, mini / micro LED has excellent characteristics such as high display effect, low power consumption, high integration, high technology life and so on.
After several years of accumulation, mini / micro LED has entered the stage of accelerated penetration, multi brands have accelerated the layout of mini / micro led, and relevant products have been launched one after another. Apple launched the first iPad Pro equipped with mini led in April 2021, and launched the MacBook Pro with mini LED backlight technology in October 2021; Samsung first launched the commercial display of micro led in 2018 and launched a new micro LED TV in December 2020; Huawei released its first mini led smart screen product “Huawei smart screen V75 super” in July 2021, with 46080 super mini LEDs; Philips, TCL, Lenovo, Xiaomi, Konka, Hisense, LG and Skyworth have all launched Mini LED backlight series TVs, computers and other products. We believe that the launch of mini led terminal products has also promoted the whole industry chain. From chip end, packaging end to panel manufacturers, they have laid out Mini led.
Investment advice. According to trendforce’s prediction, the shipment volume of mini LED TV is expected to be 2.1 million units in 2021. In 2022, in addition to Samsung and TCL, many brands also launched Mini LED TV. The shipment volume of mini ledtv will challenge 4.5 million units in 2022. We believe that in addition to TV, mini LED will usher in new growth space in flat panel, laptop, display screen and vehicle. It is suggested to pay attention to: Advanced Micro-Fabrication Equipment Inc.China(688012) , Shenzhen Xinyichang Technology Co.Ltd(688383) , Sanan Optoelectronics Co.Ltd(600703) , Boe Technology Group Co.Ltd(000725) , TCL technology, Hongli Zhihui Group Co.Ltd(300219) , Shenzhen Jufei Optoelectronics Co.Ltd(300303) and other upstream and downstream companies of mini LED industry chain.
Risk warning. Mini led shipment is less than expected; Deterioration of macroeconomic environment; The epidemic has been repeated.
