1
global new display output value and output hit a new high
In 2021, the output value and output of the global new display industry reached a new high. According to the data of liquid crystal branch (coda) of China Optical and Optoelectronic Industry Association, the global new display industry is expected to have an output value of US $254.772 billion in 2021, with a year-on-year increase of 16.4%. Among them, the output value of display devices (panels) accounted for about 59.4%, with a year-on-year increase of 27%; The output value of display materials accounted for 36.9%, with a year-on-year increase of 12.3%; It shows that the output value of equipment accounts for 3.7%, with a year-on-year negative growth of 41.4%. It is estimated that the shipment area of display devices in the whole year is 253.37 million square meters, with a year-on-year increase of 4.4%. The Chinese mainland continues to maintain the first place in the world’s display shipment, with an annual output value of US $95 billion 298 million, up 46.9% from the same period last year. It is expected that the annual shipment area will be 158.67 million square meters, with a year-on-year increase of 17.9%, and the profitability of key enterprises in the industry will be greatly improved. The “double growth” of the industry shows that the healthy and sustainable development of the global new display market is still expected, and “China display” has become the most important growth pole leading the development of the global display industry.
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2
Six departments carried out the promotion of “one hundred cities and one thousand screens” UHD video Landing
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On October 15, 2021, the Ministry of industry and information technology, the Central Propaganda Department, the Ministry of transport, the Ministry of culture and tourism, the State Administration of radio and television, the Central Radio and Television Corporation and other six departments jointly issued the circular on launching the promotion of “one hundred cities and one thousand screens” ultra-high definition video. With the theme of “lighting up a hundred cities, thousands of screens, dazzling and ultra-clear vision”, the activity supports cities with conditions to set up ultra-high definition public screens, and improves the penetration of ultra-high definition video industry by displaying and broadcasting high-quality ultra-high-definition 4K / 8K contents such as socialist core values, Party building, Beijing Winter Olympic Games and cultural tourism. Policy assistance is of great significance to enrich UHD video application scenarios, cultivate new drivers of development, improve the industrial chain, create a good industrial ecological environment, and accelerate the integrated and innovative development of UHD video in many fields.
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3
LCD panel ends the longest price rise cycle
In July 2021, various panel prices stopped rising and turned down, and the longest price rise cycle of the panel industry temporarily ended. The global panel prices gradually fell, and the industry entered a new round of integration cycle. This round of panel price increase began in June 2020 and lasted 13 months. This round of panel business cycle is long, with large increase, full-scale general rise and obvious size differentiation, which has a lasting and far-reaching impact on the panel industry. Meanwhile, BOE merged the 8.5 generation line and 8.6 generation line factories of CLP panda and Tcl Technology Group Corporation(000100) acquired the production line of Samsung Suzhou factory, which further improved the production capacity. Chinese enterprises have further established their dominant position in the field of LCD panels, and Korean enterprises have accelerated the pace of withdrawing from LCD production capacity. The panel industry is expected to gradually get out of the huge cyclical fluctuations and become an industry with definite growth.
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4
2021 world display industry conference held
From June 17 to 18, 2021, the 2021 world display industry conference co sponsored by the Ministry of industry and information technology and the people’s Government of Anhui Province was held in Hefei, Anhui Province. The conference connected the industrial development strategy, deepened practical cooperation and achieved mutual benefit and win-win results. It issued the Hefei Declaration on promoting the win-win cooperation between the new display industry chain and the supply chain of the automobile industry, and signed the strategic cooperation agreement on jointly promoting the integration and high-quality development of the new display industry in the Yangtze River Delta. 46 projects were signed intensively, with a total investment of 26.7 billion yuan, covering the complete industrial chain of upstream, middle and downstream. With the theme of “showing the world and seeing the future”, the conference built a high-end exchange and cooperation platform for the display industry at a higher level and on a larger scale, promoted the further agglomeration and high-quality development of new display industry resources, and focused on the latest products, technologies and achievements of the new display industry.
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5
the new display industry is supported by preferential import tax
On April 12, 2021, the notice of the Ministry of finance, the General Administration of customs and the State Administration of Taxation on the import tax policy supporting the development of new display industries from 2021 to 2030 (hereinafter referred to as the notice) was issued. The notice stipulates that from January 1, 2021 to December 31, 2030, qualified new display industry enterprises shall be exempted from import duties on the import of self-use raw materials, consumables and spare parts (i.e. targets, photoresists, masks, polarizers and color light filters) that cannot be produced or whose performance cannot meet the demand in China, The import value-added tax involved in the import of new equipment by qualified enterprises shall be paid in installments. The introduction of the policy is conducive to forging long boards and making up for weaknesses in China’s industrial chain supply chain, and accelerating the cultivation of new technologies and products. At the same time, it will also reduce the cash flow pressure and tax burden of display enterprises, stimulate the development vitality of display enterprises, and improve the competitiveness of display product cost and price.
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6
the competition pattern of large-scale OLEDs has changed
On November 30, 2021, Samsung officially produced qd-oled panels, breaking the dominance of LGD in the field of large-size OLEDs. LGD began to use MMG (multi model glass) process to produce 83 inch OLED TV panels in its Guangzhou plant in 2021, so as to enter the larger OLED panel market. Chinese enterprises represented by TCL Huaxing continue to print OLEDs In April 2021, TCL Huaxing demonstrated to build an 8.5 generation flexible and windable OLED panel production line that processes about 60000 pieces a month, which is expected to become the world’s first manufacturer with high generation line printed OLEDs. In November 2021, TCL Huaxing and Japan joled jointly developed a 65 inch 8K inkjet printing OLED screen. The supply of large-size OLED panels has been diversified, which has changed the situation that South Korea LGD has been the sole supplier for a long time, and helps to drive the all-round development of upstream materials and equipment and downstream terminals of the OLED industry chain.
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7
leading enterprises have stepped up the layout of flexible panels
On April 9, 2021, Tcl Technology Group Corporation(000100) announced that it planned to demonstrate the construction of the 8th.5th generation winding printing OLED / qled display panel production line, mainly producing and selling 4K / 8K Ultra HD large-size printing winding OLED TV, it and high value-added commercial display products. On December 3, 2021, the main structure of all buildings of Tianma microelectronics 6th generation flexible AMOLED production line project was capped. The project is currently the largest flexible AMOLED monomer factory in China, and its products are used in the fields of full screen mobile phones, curved display, wearable devices and so on.
On December 28, BOE invested 46.5 billion yuan to build the 6th generation AMOLED production line project in Chongqing, creating new flexible display products and solutions for the next generation of high-end display fields such as new generation flexible smart phones, foldable laptops and on-board displays. In the face of the strong demand for flexible high-end products, China’s major panel factories have increased their layout, and the overall scale and technical strength of China’s flexible panels will continue to improve.
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8
Shanshan completed the acquisition of LG’s polarizer business
In February 3, 2021, Ningbo Shanshan Co.Ltd(600884) announced that the Chinese mainland delivery of LG chemical LCD polarizing business has been completed. Ningbo Shanshan Co.Ltd(600884) from February 1, 2021, 100% equity of Beijing lejin, Nanjing lejin LCD polarizer business, Guangzhou lejin LCD polarizer business, LCD polarizer assets held by the original LG Chemical and relevant intellectual property rights of LCD polarizer business will be included in the consolidation scope. LG Chemical is one of the three giants of global polarizer, Ningbo Shanshan Co.Ltd(600884) established Shanjin optoelectronics, the world’s largest polarizer supplier, through the acquisition of LG Chemical, and entered the LCD polarizer market dominated by only a few companies in the world. The share of Chinese enterprises in the global LCD polarizer market will increase from less than 10% to more than 45%. The improvement of the localization rate of polarizer business will enhance the voice of Chinese enterprises in the field of high-end polarizers, meet the demand for new production capacity in China, and promote the integration and coordinated development of upstream and downstream display industries.
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9
JD supplies apple iphone13 with screens
In November 2021, after passing the qualification examination of apple, BOE, a Chinese semiconductor display enterprise, officially entered the mass production stage of iphone13 display screen, becoming the only local panel enterprise involved in the supply of new iPhone products, and breaking the pattern of iPhone screen supply dominated by Samsung and other Korean enterprises. For a long time, Apple has very strict control over all aspects of the supply chain, and its suppliers of high-end smart phone flexible OLED screens are limited to a few enterprises. BOE’s breakthrough is the result of the continuous improvement of China’s flexible OLED technology and the continuous enhancement of the comprehensive strength of domestic flexible panel manufacturers. With more international companies purchasing Chinese OLED panels in the future, Chinese panel manufacturers will deeply participate in the competition of global flexible OLED panel industry.
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10
TCL Huaxing releases 8K inkjet printing OLED panel
On November 16, 2021, Tcl Technology Group Corporation(000100) TCL Huaxing released the world’s first 65 inch 8K inkjet printing OLED panel, becoming the world’s largest OLED panel based on printing technology. The panel has 33 million pixels and million level ultra-high contrast. According to TCL Huaxing, among the three current technical lines of large-size OLEDs, printed OLEDs can cover the technical specifications of white light OLEDs and quantum dot OLEDs, and the cost is better. The continuous maturity of inkjet printing technology will accelerate the mass production process of large-scale inkjet printing OLED products. It is reported that TCL Huaxing’s inkjet printing OLED project in Guangzhou will start mass production in 2022. This means that China has occupied the commanding height of future competition in the panel field of printing and display, and it also means that 8K UHD OLED panels will be more diversified and the price will be more competitive.
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