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>> BOE: LCD+OLED walks on two legs “DSH” drives troika 12th,May,2018
Based on Display D, Expand Smart S and Health H
After many years of acquisition and technology absorption, BOE A entered the TFT-LCD business in 2003. By the end of the year of 17th, the company's income level has been continuously rising. Through repeated investment in new construction and expansion of production lines, LCD production capacity has continued to increase. Display device business has always been the company's most important business. Fuzhou 8.5 generation line, Hefei 10.5 line put into production, leading the global show, into the stage of rapid development of OLED display, BOE A still maintain strong momentum. Expand wisdom S, health H, build troika!
LCD: Slowing competition, stable earnings
The uniqueness of the liquid crystal industry cycle is that the “surplus” of production capacity stimulates the outbreak of demand. It takes a long period of time before the industry is in a losing period of “countercyclical investment” to achieve profitability. The scramble for the leading position in the panel industry is the competition for the right to speak in the industry, which is reflected in the comparison of various indicators such as production line layout, production capacity, market share, upstream and downstream integration support capabilities, and financial strength. A number of Korean companies, including Samsung and LG, withdrew, creating an excellent opportunity for BOE A to seize market share. China will become the largest producing area of large-size panels in the world. With the trend of increasing downstream TV size, domestic panel companies with super-large-generation line layout will have higher market discourse power, and companies with prominent cost advantages and bargaining power will In this wave of new profit valuations rose. For BOE A, Fuzhou 8.5-generation line and Hefei 10.5-generation line will be the source of performance growth;
OLED industry broke out quickly, BOE A seized the opportunity
1, as the mainstream of small-size display technology, OLED process complexity and the requirements of the process flow is very high, compared with the current LCD production process, OLED process changes are mainly reflected in the Cell process, OLED uses multiple evaporation to complete the organic light Deposition of material layers.
2. Evaporation equipment becomes the core equipment in the OLED production process. At present, the production of global vapor deposition machines and vapor deposition and packaging integrated machines is almost monopolized by Canon Tokki Corporation of Japan, with an annual output of about 10 units. Samsung has basically taken full production capacity. BOE A has obtained the equipment authority for vapor deposition machines, and it has 6 generations in Chengdu. Online climbing rate.
3. With the continuous reduction of the OLED cost side and the increase in yield, the cost of the 5.5-inch HD panel is reversed, and the cost of the rigid AMOLED is lower than that of the LTPS LCD. Taking into account the higher cutting efficiency of the 6th generation line panel, it is believed that with the release of the 6th generation line, the cost of the future AMOLED panel will be further reduced. Demand for small and medium sized OLEDs will grow stronger;
4. In China, 12 small and medium sized OLED panel lines have been built and planned, and large-size OLED panel lines have also been included in the investment plans of BOE A and Huaxing Optoelectronics. Due to the high degree of similarity in the production process between LCD panels and OLED panels, AMOLED can be developed on the basis of liquid crystal panel technology. In the long run, the output of OLED panels in Mainland China, especially BOE A, will be quickly released.
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