The panel market is sluggish, Shenzhen Tianma's semi-annual net profit decreases

The recent downturn in the display panel market is obvious to all. Recently, domestic panel manufacturer Shenzhen Tianma released its 2019 semi-annual report, once again proving the downturn in the panel market.

Shenzhen Tianma A (Tianma Microelectronics), a listed company on the Shenzhen Stock Exchange, released its 2019 semi-annual report last night. The report shows that Shenzhen Tianma A achieved a net profit of 640 million yuan in the first half of the year, a year-on-year decrease of 17.68%.

Shenzhen Tianma introduced that in the first half of 2019, the overall supply of small and medium-sized panels exceeded demand. The display industry has been in global competition. In the mobile smart terminal market, product design is diversified. There are many design solutions for full-screen mobile phones, such as Notch, water drop, punch hole, under-screen fingerprint, pop-up camera, etc., and the demand for differentiation of smart screens is obvious. At the same time, the concentration of terminal brand customers is getting higher and higher, and the terminal market share of the top few smartphone brands has further increased.

In the in-vehicle display market, with the rapid rise of driving safety, navigation systems, in-vehicle entertainment and new energy vehicles, in-vehicle display screens are stimulating the development of large-screen, high-definition, multi-screen, touch-controlled and personalized displays. In the industrial display market, emerging markets such as public transportation and charging piles are developing rapidly. In the medical display market, the market scale of medical equipment display screens is expanding, and the level of automation is steadily improving.

According to the analysis of the Forward-looking Industry Research Institute, the future panel market will be driven by innovative applications such as 5G and 8K TVs, and will usher in decisive growth in 2021-2022.