2017 is undoubtedly a bumper year for BOE. However, happy hour has passed too fast. In the first quarter of this year, it has ushered in a decline in net profit. This is the result of overcapacity, and it is currently due to the technology of the panel industry. Upgrade, this overcapacity situation will continue to become their nightmare.
Since 2016, due to the global development of TV, mobile phones and other products and Samsung's conversion of LCD panel production lines to OLED panels, LCD panel supply has been tight, and global LCD panel prices have continued to rise.
The performance of domestic LCD panel manufacturers such as BOE and Huaxing Optoelectronics has achieved good results. In the first quarter of 2017, BOE turned losses into profit, from a loss of 86.63 million yuan in the first quarter of 2016 to 355.7 billion in the first quarter of 2017. Yuan, its net profit for the whole year of 2017 increased three-fold year-on-year to a historical peak of 7.568 billion yuan. Huaxing Optoelectronics Co., another domestic large-scale panel manufacturer, was also profitable. Due to the contribution of Huaxing Optoelectronics, the net profit of TCL Group in 2017 increased by about 70%.
OLED or replace liquid crystal panelThe current TV is still dominated by LCD panels, but the technology has begun to change. More advanced TV panel technologies such as OLED and QLED may replace the current LCD panel technology. In the high-end TV market of more than $2,500, OLED TVs surpassed LCD TVs for the first time in 2017, accounting for more than 50%, which means that OLED TVs have become mainstream in the high-end market. Compared with LCD TVs, OLED TVs are lighter and thinner, with better display colors and lower power consumption.
In the global OLED TV panel market, LGD is the leader, which accounts for more than 90% of the market share. At present, LGD is investing more than 30 billion in Guangzhou to build an 8.5-generation OLED panel production line. It is expected to start production next year, which will accelerate the OLED panel in the TV market. universal.
Samsung, the world's largest manufacturer of small and medium-sized OLED panels, accounts for more than 90% of the market. Last year, in order to supply OLED panels to Apple, the OLED panels were greatly expanded. Eventually, due to the poor sales of iPhoneX using OLED panels, it is positive. Other mobile phone companies are selling OLED panels. It is expected that OLEDs will become more popular in the smart phone industry in the next few years. Due to the oversupply of Samsung's small and medium-sized OLED panels, it seems that it intends to convert one of the OLED panel production lines into TV OLED panels, which will also help. Promote the popularity of OLEDs in the TV market.
BOE's LCD panel capacity or surplusAs early as a few years ago, Samsung, the world's largest panel manufacturer, began to realize the overcapacity problems that Chinese panel companies may have after intervening in LCD panel production. Therefore, they began to sell LCD panel production lines or converted OLED panels. LGD replaced Samsung as the world's largest panel. manufacturer.
After the breakthrough of LCD panel production technology in 2009, Chinese panel manufacturers began to expand their LCD panel production capacity. In 2009, BOE and Huaxing Optoelectronics began to build the 8.5-generation line. Currently, the two panel manufacturers have already put into production or are building the world's most The advanced 10.5/11 generation LCD panel production line and the rapidly expanding LCD panel production capacity have caused the current overcapacity of the global LCD panel.
As OLEDs gradually begin to spread to the TV and smartphone market, and more advanced LCD panel production lines of BOE and Huaxing Optoelectronics are gradually put into production, the problem of overcapacity of LCD panels in the world will become a problem in the next few years. Excess has led to the previous trend of price increases and began to decline from the second half of last year, which also led to BOE's net profit in the first quarter of this year fell 16%.
For domestic panel manufacturers such as BOE and Huaxing Optoelectronics, what is important now is to invest in more advanced panel technology research and development while ensuring LCD panel business revenue. BOE has put into production of OLED panels last year, and Huaxing Optoelectronics is stepping up construction. OLED panel production lines, but they will face problems such as yield improvement after production; and the current panel manufacturers are also beginning to develop more advanced microLED panel technology, how domestic panel manufacturers can shorten the panel with foreign panels in advanced panel technology. The gap between production companies is a question worth considering.
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