The emerging new display industry brings a new turning point with innovative products.

From December 19th to 20th, the World Display Industry Innovation and Development Conference was held in Chengdu. During the event, the ‘Top Ten Innovative Technologies (Products) and Top Ten Innovative Applications’ of the World Display Industry Innovation and Development Conference were announced, with 41 globally launched and industry-leading products on display, fully demonstrating the latest developments in the integration of the display industry chain and innovation chain Depth. In addition, 11 new display industry cooperation projects were officially signed, involving various links in the industry chain such as materials, modules, process services, content production, and terminals. Please provide the text to be translated. In recent years, the overall factor allocation of China’s new display industry has been continuously optimized, and the internationalization level of the display industry supply chain has been continuously improved, making it an important pole of the global new display industry. Several industry insiders interviewed by Securities Daily stated that China’s display industry has reached the forefront in many sub-sectors and has the advantages for industrial development. Currently, it has ushered in a new period of high-quality development. The industry should strengthen innovation and cooperation upstream and downstream, enhance international exchanges and cooperation, actively integrate with various market, capital, and other demands, and maintain a leading advantage. Please provide the text to be translated. With industry-leading advantages Please provide the text to be translated. During the World Display Industry Innovation and Development Conference, many enterprises in the new display industry chain have showcased innovative products, technologies, and application scenarios. Please provide the text to be translated. At the scene, terminal products such as naked-eye 3D holographic smart screens, LED screens for creating an ‘metaverse ecological fish tank’, and AI glasses that can interact with voice attracted many spectators. The new display technology is not only applied to people’s daily lives, but also actively empowers industrial upgrading, such as the XR humanoid robot operating system unveiled by Sichuan Huati Lighting Technology Co., Ltd. (hereinafter referred to as ‘Huati Technology’) for the first time, and the intelligent factory management system of Industrial Cloud Manufacturing (Sichuan) Innovation Center Co., Ltd. (hereinafter referred to as ‘Industrial Cloud Manufacturing Center’) and other products. In terms of industry leaders, BOE Technology Group Co., Ltd. (hereinafter referred to as ‘BOE’) showcased the world’s largest and highest resolution ultra-high-definition 16K 2D commercial display. The scene also saw the launch of the C-shaped car central control solution by Wavetronix Technology Co., Ltd. (hereinafter referred to as ‘Wavetronix’), and the 88-inch P0.5 TFT-based Micro-LED splicing screen by Chengdu Chenxian Optoelectronics Co., Ltd. (hereinafter referred to as ‘Chenxian Optoelectronics’) and other products. Please provide the text to be translated. Dong Min, Secretary General of the China Electronics Video Industry Association, said in an interview with Securities Daily, ‘The Chinese display industry has taken the lead in many sub-sectors globally. In terms of industrial advantages, we have the world’s largest display industry market in traditional display fields such as mobile phones, computers, tablets, and projectors. China is not only the largest consumer market, but also a global center for high-end consumption. Many flagship products and innovative products from various brands are first launched in China.’ Please provide the text to be translated. Dong Min further stated that China also has the most complete global display industry supply chain, and has a leading advantage in social governance, labor efficiency, process control, manufacturing capacity, and scene innovation related to strong manufacturing capabilities. The development of smart transportation, smart government affairs, smart offices, smart education and other industries in our country has brought great scale and profit space for display products. Please provide the text to be translated. According to the “China’s High-quality Development Index of the New Display Industry (2024)” released during this event, as the world’s largest production and manufacturing base and research and development application area for display panels, China’s competitive strength is steadily increasing, ushering in a new era of high-quality development. The industry scale continues to grow, and in terms of shipment area, China’s global market share of LCD products has reached 75%, and the global market share of OLED products exceeds 50%. Multiple 8.6th generation OLED production lines have been put into operation and construction. Overall evaluation of the index shows that Hefei, Shenzhen, and Chengdu, relying on advantages such as industrial chain layout, technological innovation, and production capacity, rank among the top three cities in the high-quality development of the display industry. Please provide the text to be translated. Enhance innovation-driven development and international cooperation Please provide the text to be translated. From an industry perspective, the display industry is experiencing an innovation turning point, and technological breakthroughs and industrial innovation are driving the continuous growth of the industry market space. The emergence of innovative products such as foldable screens and flexible screens breaks the traditional form of display screens and brings new development opportunities for China’s display industry. According to Head Bo Research Institute’s forecast, China’s LCD panel production will increase from 208 million square meters in 2023 to 244 million square meters in 2028, with a compound annual growth rate of 3.2%; China’s OLED panel production will increase from 4.5 million square meters in 2023 to 22.3 million square meters in 2028, with a compound annual growth rate of 37.7%. Please provide the text to be translated. On the other hand, the Chinese display industry also faces many challenges in the process of high-quality development, and there is further room for improvement in innovation, enterprise management, and ecological construction. Please provide the text to be translated. Dong Min told reporters: “The display industry in our country is mainly facing three challenges: the slow global economic recovery has had a certain impact on the overall prosperity of the display industry; geopolitical uncertainties have caused some interference to some display devices and terminals; and global users’ pursuit of display performance is endless. While consolidating the advantages of the existing technical route, China’s display industry also faces the challenge of the next generation of new technical routes. At present, we have not formed an absolute advantage in the field of new technical routes.” Please provide the text to be translated. Looking ahead to the future of the industry, Dong Min suggests that on one hand, it is necessary to effectively guide leading enterprises in the chain to form innovative alliances with upstream and downstream enterprises in the industrial chain, and strengthen independent support in relevant fields; at the same time, it is necessary to make good layout in terms of patents and strengthen intellectual property risk prevention; in addition, it is necessary to do a good job in overall planning for the next generation of new display routes. Please provide the text to be translated. Academician Peng Shou of the Chinese Academy of Engineering and a member of the National Manufacturing Strong Country Construction Strategy Advisory Committee told Securities Daily that from the perspective of new technology, China’s display industry has certain leading advantages in OLED display, flexible display, display polymer materials, and display functional materials. In the future, we should continue to strengthen international cooperation, maintain China’s leading position in the scale and application scenarios of the display industry through academic exchange, industry exchange, and cooperative exchange. At the same time, we should actively promote the organic combination of innovative achievements with market demand, enterprise demand, and capital market demand, increase research on cutting-edge materials in the display industry, and make China’s cutting-edge materials also in a leading position in the international market. Please provide the text to be translated. (Source: Securities Daily) Please provide the text to be translated. Source: East Money Please provide the text to be translated. Author: Securities Daily