526 lines
38 KiB
HTML
526 lines
38 KiB
HTML
<!DOCTYPE html>
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>深度研报：苹果OLED潜在受益概念</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.11.1/dist/full.min.css" rel="stylesheet" type="text/css" />
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<style>
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@import url('https://fonts.googleapis.com/css2?family=Poppins:wght@300;400;500;600;700&display=swap');
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body {
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font-family: 'Poppins', 'Microsoft YaHei', sans-serif;
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background-color: #020010;
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background-image:
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radial-gradient(at 20% 20%, hsla(212, 80%, 35%, 0.3) 0px, transparent 50%),
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radial-gradient(at 80% 0%, hsla(289, 70%, 40%, 0.25) 0px, transparent 50%),
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radial-gradient(at 0% 90%, hsla(190, 80%, 45%, 0.3) 0px, transparent 50%),
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color: #e0e6f0;
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background: rgba(10, 10, 30, 0.4);
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backdrop-filter: blur(16px) saturate(180%);
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-webkit-backdrop-filter: blur(16px) saturate(180%);
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border-radius: 24px;
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text-shadow: 0 0 8px rgba(0, 200, 255, 0.7);
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color: #ffffff;
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position: relative;
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display: grid;
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grid-template-columns: repeat(12, 1fr);
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gap: 1.5rem;
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border-radius: 50%;
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background-color: #00dcff;
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border: 2px solid #020010;
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box-shadow: 0 0 10px #00dcff;
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}
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.collapse-title {
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font-size: 1.125rem;
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font-weight: 500;
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}
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.prose-custom {
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color: #cdd6f4;
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}
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.prose-custom h3 {
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color: #cdd6f4;
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text-shadow: 0 0 5px rgba(0, 220, 255, 0.5);
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color: #89b4fa;
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</style>
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</head>
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<body class="min-h-screen p-4 sm:p-6 lg:p-8">
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<div class="max-w-screen-2xl mx-auto">
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<!-- Header -->
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<header class="text-center py-12">
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<h1 class="text-4xl md:text-6xl font-bold section-title tracking-wider">苹果OLED潜在受益</h1>
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<p class="mt-4 text-lg md:text-xl text-slate-300 max-w-4xl mx-auto">
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苹果全线产品向OLED屏幕的迁移，是未来3-5年消费电子领域确定性最高的硬件升级趋势之一，一场跨越数年的硬件革新浪潮正在开启。
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</p>
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</header>
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<!-- Main Content Grid -->
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<main class="bento-grid">
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<!-- Core Thesis -->
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<section class="glass-card glow-border grid-span-12 p-6 md:p-8">
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<h2 class="text-2xl font-semibold section-title mb-4">核心观点摘要</h2>
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<p class="text-base md:text-lg text-slate-200 leading-relaxed">
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当前概念已从主题叙事阶段迈向基本面驱动阶段，但短期需求波动（如iPad销售）与长期增长趋势并存。其中，因引入<strong class="text-cyan-300 font-semibold">“双层串联OLED”</strong>等创新技术而需求量翻倍的<strong class="text-fuchsia-300 font-semibold">上游发光材料</strong>，与受益于新一轮资本开支周期的<strong class="text-teal-300 font-semibold">高世代线设备商</strong>具备最大的业绩弹性潜力。
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</p>
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</section>
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<!-- Timeline -->
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<section class="glass-card glow-border grid-span-4 p-6 md:p-8">
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<h2 class="text-2xl font-semibold section-title mb-6">概念事件与时间轴</h2>
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<div class="timeline">
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<div class="timeline-item">
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<h3 class="font-semibold text-lg text-white">已发生 (2024)</h3>
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<p class="text-slate-300 mt-1">新款iPad Pro首次采用双层串联OLED，标志OLED进入苹果平板。但短期销售不及预期，供应链出现订单调整。</p>
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</div>
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<div class="timeline-item">
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<h3 class="font-semibold text-lg text-white">近期预期 (2025)</h3>
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<p class="text-slate-300 mt-1">iPhone SE 4将首次采用OLED，京东方有望成为主供。8.6代OLED产线进入关键设备招标阶段。</p>
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</div>
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<div class="timeline-item">
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<h3 class="font-semibold text-lg text-white">中长期规划 (2026-2027)</h3>
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<p class="text-slate-300 mt-1">“超级产品周期”开启，OLED版MacBook Pro和首款折叠屏iPhone/iPad有望发布，苹果主流产品完成OLED化。</p>
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</div>
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</div>
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</section>
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<!-- Charts -->
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<section class="glass-card glow-border grid-span-8 p-6 md:p-8 flex flex-col lg:flex-row gap-6">
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<div class="flex-1 min-h-[300px]" id="penetrationChart"></div>
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<div class="flex-1 min-h-[300px]" id="bomChart"></div>
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</section>
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<!-- Core Logic -->
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<section class="glass-card glow-border grid-span-12 p-6 md:p-8">
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<div x-data="{ tab: 'drivers' }">
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<div class="tabs tabs-boxed bg-black/20 mb-6">
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<a class="tab" :class="{'tab-active': tab === 'drivers'}" @click.prevent="tab = 'drivers'">核心驱动力</a>
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<a class="tab" :class="{'tab-active': tab === 'expectation'}" @click.prevent="tab = 'expectation'">预期差分析</a>
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<a class="tab" :class="{'tab-active': tab === 'path'}" @click.prevent="tab = 'path'">未来发展路径</a>
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</div>
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<div x-show="tab === 'drivers'" class="prose-custom max-w-none">
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<h3>1. 技术迭代驱动</h3>
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<p>OLED在厚度、对比度、功耗上具备代际优势，是苹果实现更轻薄、长续航产品形态的必然选择。新款OLED iPad Pro是苹果<strong>迄今最薄的设备</strong>。</p>
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<h3>2. 创新方案成熟</h3>
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<p>苹果在iPad Pro上采用的<strong>“双层串联OLED”</strong>技术，通过堆叠两个发光层，有效解决了OLED在大尺寸设备上的“烧屏”和寿命问题，实现了<strong>1000尼特</strong>全屏亮度和<strong>1600尼特</strong>峰值亮度。</p>
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<h3>3. 产业链需求放大效应</h3>
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<p>双层串联技术直接导致上游核心材料需求成倍增长。路演数据显示，单位面积的<strong>发光材料用量提升400% (即用量乘以2)</strong>，产能消耗也相应翻倍。这一非线性增长是整个产业链逻辑中最具吸引力的一环。</p>
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<h3>4. 国产替代机遇</h3>
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<p>苹果对供应链多元化的需求，叠加国内面板厂（以京东方为首）的技术追赶和产能扩张（投资<strong>630亿元</strong>建设8.6代线），为国内上游材料和设备厂商切入苹果供应链创造了历史性机遇。</p>
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</div>
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<div x-show="tab === 'expectation'" class="prose-custom max-w-none">
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<h3>1. 短期波动 vs. 长期趋势</h3>
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<p>市场普遍聚焦于长期宏大叙事，但可能<strong>低估了近期需求波动风险</strong>。新闻数据明确指出“OLED iPad的销售低迷”和“苹果推迟发布OLED MacBook Air”，导致三星显示推迟扩产。这表明，从规划到业绩兑现的路径并非一帆风顺。</p>
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<h3>2. 面板厂 vs. 上游材料</h3>
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<p>市场初步认知集中在京东方A等面板厂商，但其面临巨大的资本开支和激烈竞争。而预期差可能存在于上游材料环节，特别是<strong>莱特光电</strong>等核心材料商。“材料用量翻倍”逻辑意味着其业绩弹性远超中游面板厂，市场对此的定价可能尚不充分。</p>
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<h3>3. OLED vs. Micro-OLED</h3>
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<p>市场可能将概念笼统化。实际上，Vision Pro采用的是技术壁垒和价值量更高的<strong>Micro-OLED（硅基OLED）</strong>。研报数据显示，两块Micro-OLED屏幕在Vision Pro中的成本占比高达<strong>21%-46%</strong>，是其产能核心瓶颈。这是一个并行且更高精尖的细分赛道。</p>
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</div>
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<div x-show="tab === 'path'" class="prose-custom max-w-none">
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<h3>1. 渗透阶段 (2024-2025年)</h3>
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<p>以iPad Pro和iPhone SE 4为起点，OLED完成在平板和中低端手机的初步渗透。产业链核心任务是技术验证和产能准备（8.6代线建设）。</p>
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<h3>2. 爆发阶段 (2026-2027年)</h3>
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<p>随着OLED MacBook和折叠屏iPhone的发布，OLED将进入苹果最高价值量的产品线。届时，<strong>8.6代产线</strong>将成为供应主力，上游材料和设备需求将迎来顶峰。TrendForce预计，届时OLED笔电渗透率将<strong>突破5%</strong>。</p>
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<h3>3. 成熟与迭代阶段 (2028年以后)</h3>
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<p>苹果全系列产品完成OLED化，市场进入存量替换阶段。技术焦点将转向更低成本、更高性能的下一代显示技术（如Micro-LED）或形态创新（如无边框、卷曲屏等）。</p>
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</div>
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</div>
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</section>
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<!-- Industry Chain & Core Companies -->
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<section class="glass-card glow-border grid-span-12 p-6 md:p-8">
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<h2 class="text-2xl font-semibold section-title mb-6">产业链与核心公司深度剖析</h2>
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<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-4 gap-6">
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<!-- 京东方A -->
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<div class="border border-slate-700 p-4 rounded-xl bg-black/20">
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<h3 class="font-bold text-lg text-cyan-300">京东方A (面板龙头)</h3>
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<p class="mt-2 text-sm text-slate-300"><strong class="text-green-400">优势:</strong> 国内面板产量第一，深度绑定苹果供应链，通过投资630亿的8.6代线卡位未来中尺寸市场。</p>
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<p class="mt-1 text-sm text-slate-300"><strong class="text-red-400">风险:</strong> 资本开支巨大，折旧压力重；面临与三星、LGD的激烈竞争，盈利能力是长期考验。</p>
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</div>
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<!-- 莱特光电 -->
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<div class="border border-slate-700 p-4 rounded-xl bg-black/20">
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<h3 class="font-bold text-lg text-cyan-300">莱特光电 (材料核心)</h3>
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<p class="mt-2 text-sm text-slate-300"><strong class="text-green-400">优势:</strong> 逻辑最纯粹，深度绑定京东方，Red Prime材料国内唯一。受益“材料用量翻倍”，业绩弹性理论上最大。</p>
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<p class="mt-1 text-sm text-slate-300"><strong class="text-red-400">风险:</strong> 需警惕京东方导入其他供应商或技术路线变化的风险。</p>
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</div>
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<!-- 奥来德 -->
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<div class="border border-slate-700 p-4 rounded-xl bg-black/20">
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<h3 class="font-bold text-lg text-cyan-300">奥来德 (设备+材料)</h3>
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<p class="mt-2 text-sm text-slate-300"><strong class="text-green-400">优势:</strong> 双轮驱动，国内唯一蒸发源制造商。将同时受益于材料需求和新一轮8.6代线设备采购周期。</p>
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<p class="mt-1 text-sm text-slate-300"><strong class="text-red-400">风险:</strong> 设备订单获取存不确定性，高世代线上与国际巨头竞争激烈。能否中标是业绩爆发关键。</p>
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</div>
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<!-- 东山精密 -->
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<div class="border border-slate-700 p-4 rounded-xl bg-black/20">
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<h3 class="font-bold text-lg text-cyan-300">东山精密 (零部件)</h3>
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<p class="mt-2 text-sm text-slate-300"><strong class="text-green-400">优势:</strong> 苹果FPC核心供应商。逻辑在于OLED渗透带动配套FPC价值量提升。有望进入LGD供应链打开新增量。</p>
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<p class="mt-1 text-sm text-slate-300"><strong class="text-red-400">风险:</strong> 属于配套零部件，弹性可能不如上游核心材料和设备，面临同行竞争。</p>
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</div>
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</div>
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</section>
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<!-- Supporting Data -->
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<section class="grid-span-12 p-6 md:p-8 glass-card glow-border">
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<h2 class="text-2xl font-semibold section-title mb-6">多维数据交叉验证</h2>
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<div class="space-y-4">
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<div class="collapse collapse-plus bg-black/30 border border-slate-700 rounded-lg">
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<input type="radio" name="data-accordion" checked="checked" />
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<div class="collapse-title text-white">新闻精粹：苹果OLED产品路线图</div>
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<div class="collapse-content">
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<ul class="list-disc pl-5 space-y-2 text-slate-300">
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<li><strong>OLED iPad:</strong> LGD近期增加约100万片出货量，吸收部分三星显示订单。但新款iPad Pro销售不及预期，导致供应链减产。</li>
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<li><strong>OLED MacBook:</strong> 计划于2026年推出，提升亮度、对比度并延长续航。但MacBook Air的OLED版发布推迟。</li>
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<li><strong>iPhone SE 4:</strong> 预计2025年春季推出，首次采用OLED屏幕，京东方和LG Display已获订单。</li>
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<li><strong>折叠屏设备:</strong> 预计2026年下半年推出首款折叠屏iPhone，三星显示(SDC)将是核心屏幕供应商。</li>
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<li><strong>无边框iPhone:</strong> 三星与LG正在研发，预计用于2026年后的机型。</li>
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</ul>
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</div>
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</div>
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<div class="collapse collapse-plus bg-black/30 border border-slate-700 rounded-lg">
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<input type="radio" name="data-accordion" />
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<div class="collapse-title text-white">路演纪要：Tandem OLED技术解读</div>
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<div class="collapse-content">
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<ul class="list-disc pl-5 space-y-2 text-slate-300">
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<li><strong>技术原理:</strong> 采用两块OLED面板堆叠发光，通过双发光层提升亮度和寿命。</li>
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<li><strong>核心优势:</strong> 新款iPad Pro全屏峰值亮度达1000尼特，HDR模式下1600尼特，同时延长材料寿命。</li>
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<li><strong>产业链影响:</strong>
|
||
<ul class="list-disc pl-5 space-y-1">
|
||
<li><strong>材料用量翻倍:</strong> 单位面积材料用量提升400%（即用量x2），拉动效应远超单层结构。</li>
|
||
<li><strong>产能消耗翻倍:</strong> 需要两次蒸镀工艺，导致产能消耗加倍。</li>
|
||
</ul>
|
||
</li>
|
||
<li><strong>高世代线投资:</strong> 苹果的需求是推动面板厂投资8.6代线的核心动力，预计2025年设备招标启动。</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus bg-black/30 border border-slate-700 rounded-lg">
|
||
<input type="radio" name="data-accordion" />
|
||
<div class="collapse-title text-white">研报观点：市场趋势与风险</div>
|
||
<div class="collapse-content">
|
||
<ul class="list-disc pl-5 space-y-2 text-slate-300">
|
||
<li><strong>中大尺寸市场扩张:</strong> 预计2024年大尺寸OLED（9英寸以上）出货量增长124.6%，平板电脑OLED出货量增长294%。</li>
|
||
<li><strong>Vision Pro成本结构:</strong> Micro OLED屏幕是核心成本，占BOM成本的21%-46%，是产能关键瓶颈。</li>
|
||
<li><strong>面板厂扩产:</strong> 京东方(630亿)、维信诺(550亿)均投资建设8.6代AMOLED产线，主要面向中尺寸高端显示屏。</li>
|
||
<li><strong>潜在风险:</strong>
|
||
<ul class="list-disc pl-5 space-y-1">
|
||
<li>技术发展不及预期（如Micro-LED冲击）。</li>
|
||
<li>下游消费电子需求不及预期。</li>
|
||
<li>供应链竞争加剧，国内厂商份额受挤压。</li>
|
||
</ul>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Rise Analysis -->
|
||
<section class="grid-span-12 p-6 md:p-8 glass-card glow-border">
|
||
<h2 class="text-2xl font-semibold section-title mb-6">相关个股异动解析</h2>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-4">
|
||
<!-- Dynamic analysis cards will be inserted here -->
|
||
<template x-for="stock in riseAnalysisData" :key="stock.stock_code">
|
||
<div x-data="{ expanded: false }" class="bg-black/30 border border-slate-700 rounded-xl p-4 flex flex-col justify-between transition-all duration-300">
|
||
<div>
|
||
<div class="flex justify-between items-start">
|
||
<div>
|
||
<h3 class="font-bold text-lg text-white" x-text="stock.stock"></h3>
|
||
<p class="text-sm text-slate-400" x-text="stock.stock_code"></p>
|
||
</div>
|
||
<div class="text-right">
|
||
<p class="font-semibold text-lg" :class="stock.rise_rate > 0 ? 'text-green-400' : 'text-red-400'" x-text="`${stock.rise_rate.toFixed(2)}%`"></p>
|
||
<p class="text-xs text-slate-500" x-text="stock.trade_date"></p>
|
||
</div>
|
||
</div>
|
||
<div x-show="expanded" x-collapse.duration.500ms class="mt-4 prose-custom prose-sm max-w-none" x-html="stock.reason"></div>
|
||
</div>
|
||
<button @click="expanded = !expanded" class="mt-4 text-xs text-cyan-400 hover:text-cyan-300 self-start">
|
||
<span x-show="!expanded">展开解析 ↓</span>
|
||
<span x-show="expanded">收起解析 ↑</span>
|
||
</button>
|
||
</div>
|
||
</template>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Stock Table -->
|
||
<section class="grid-span-12 p-6 md:p-8 glass-card glow-border">
|
||
<h2 class="text-2xl font-semibold section-title mb-6">概念相关标的</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="table table-zebra bg-transparent">
|
||
<thead class="text-base text-slate-300">
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>核心逻辑</th>
|
||
<th>标签</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody class="text-slate-200">
|
||
<!-- Populated from data -->
|
||
<tr>
|
||
<td>京东方A</td>
|
||
<td></td>
|
||
<td>国内OLED面板产量第一，已向苹果供应OLED屏幕，业务量可能进一步提升</td>
|
||
<td><span class="badge badge-error badge-outline">核心标的</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>TCL科技</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=000100" target="_blank" class="text-cyan-400 hover:underline">000100</a></td>
|
||
<td>旗下TCL华星在小尺寸柔性OLED领域有所布局，其柔性OLED面板已进入各大头部手机厂商供应链</td>
|
||
<td><span class="badge badge-error badge-outline">核心标的</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>深天马A</td>
|
||
<td></td>
|
||
<td>主营中小尺寸面板，已成为全球主流移动智能终端厂商的重要战略合作伙伴</td>
|
||
<td><span class="badge badge-error badge-outline">核心标的</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>维信诺</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=002387" target="_blank" class="text-cyan-400 hover:underline">002387</a></td>
|
||
<td>拥有两条OLED产线实现投产，分别是第5.5代线的昆山工厂和第6代线的固安工厂</td>
|
||
<td><span class="badge badge-error badge-outline">核心标的</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>莱特光电</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=688150" target="_blank" class="text-cyan-400 hover:underline">688150</a></td>
|
||
<td>OLED有机材料的研产销，是京东方OLED发光功能材料的国内供应商，深度受益材料用量翻倍</td>
|
||
<td><span class="badge badge-error badge-outline">核心标的</span> <span class="badge badge-primary badge-outline">上游材料</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>奥来德</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=688378" target="_blank" class="text-cyan-400 hover:underline">688378</a></td>
|
||
<td>上游厂商，有机发光材料为OLED面板制造的核心材料，蒸发源为OLED面板制造的关键设备</td>
|
||
<td><span class="badge badge-error badge-outline">核心标的</span> <span class="badge badge-primary badge-outline">上游设备+材料</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>精测电子</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=300567" target="_blank" class="text-cyan-400 hover:underline">300567</a></td>
|
||
<td>国内面板检测设备领域覆盖最全的公司之一，产品拓展至AOI、OLED检测等领域；持有视涯科技6.68%股权</td>
|
||
<td><span class="badge badge-error badge-outline">核心标的</span> <span class="badge badge-secondary badge-outline">Micro-OLED</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>三利谱</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=002876" target="_blank" class="text-cyan-400 hover:underline">002876</a></td>
|
||
<td>从事偏光片产品的研产销，是液晶显示面板的关键原材料之一</td>
|
||
<td><span class="badge badge-error badge-outline">核心标的</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>视涯科技</td>
|
||
<td></td>
|
||
<td>苹果micro-OLED潜在供应商</td>
|
||
<td><span class="badge badge-secondary badge-outline">Micro-OLED</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>易天股份</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=300812" target="_blank" class="text-cyan-400 hover:underline">300812</a></td>
|
||
<td>可提供硅基OLED各类贴附设备</td>
|
||
<td><span class="badge badge-info badge-outline">相关设备</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>亚世光电</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=002952" target="_blank" class="text-cyan-400 hover:underline">002952</a></td>
|
||
<td>具备硅基OLED模组生产及设计能力</td>
|
||
<td><span class="badge badge-info badge-outline">相关组件</span></td>
|
||
</tr>
|
||
<tr>
|
||
<td>激智科技</td>
|
||
<td><a href="https://valuefrontier.cn/company?scode=300566" target="_blank" class="text-cyan-400 hover:underline">300566</a></td>
|
||
<td>持有视涯科技1.13%股权</td>
|
||
<td><span class="badge badge-secondary badge-outline">Micro-OLED</span></td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</section>
|
||
</main>
|
||
|
||
<!-- Footer -->
|
||
<footer class="text-center text-xs text-slate-500 py-8">
|
||
<p>北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现</p>
|
||
<p>本报告为AI合成数据，仅供参考，不构成任何投资建议，投资需谨慎。</p>
|
||
</footer>
|
||
</div>
|
||
|
||
<script>
|
||
document.addEventListener('alpine:init', () => {
|
||
Alpine.data('riseAnalysisData', () => ([
|
||
{ stock: "汇顶科技", stock_code: "603160", rise_rate: 10.0, trade_date: "2025-10-24", reason: "核心结论: <br>“大基金二期溢价15亿元入股+苹果OLED触控芯片重新验证通过+华为Mate70独供60%屏下指纹”三则可验证增量订单/资金公告在同一天集中释放，形成确定性业绩弹性预期，触发机构与北水抢筹封板。<br><br>驱动概念: <br>芯片+苹果产业链+华为产业链<br><br>个股异动解析: <br>1. 消息面： <br>（1）芯片：国家二期集成电路基金10-24公告溢价9.2%现金增资15亿元，锁3年，专用于“车规级触控+指纹芯片产线”，公司净资产一次性增厚约0.32元/股。 <br>（2）苹果产业链：IHS 10-24凌晨报告将2026款OLED iPhone“Touch Controller”供应商由ST改为“Goodix（sample passed）”，对应1.8亿支×1.1美元ASP，30-50%份额可新增4-7亿元年收入。 <br>（3）华为产业链：华为10-23官方供应商清单确认Mate70标准版/Pro版屏下指纹芯片由汇顶独供，Pro+与RS双供，综合份额≥60%；按1200-1500万部×5美元ASP测算，新增2.2-2.8亿元年收入。 <br><br>2. 基本面： <br>暂无新增财报数据（三季报预约10-28披露），但上述三笔增量订单合计潜在年净利增量约3-4亿元，占2024年净利50%以上，提供中期业绩安全垫。" },
|
||
{ stock: "博杰股份", stock_code: "002975", rise_rate: 10.0, trade_date: "2025-08-06", reason: "核心结论: 博杰股份8月6日涨停，源于“12亿元三年期自动化测试设备大单+苹果Vision Pro二代首批订单+工信部2027年国产OLED/AR测试设备国产化率≥80%政策”三大利好同步落地，盈利预期与估值瞬间重估，资金抢筹至涨停。<br><br>驱动概念: 新型工业+苹果MR+Micro-OLED检测设备<br><br>个股异动解析:<br>1.消息面：<br>（1）新型工业：政策催化。<br>（2）苹果MR：客户背书。<br>（3）Micro-OLED AOI检测设备：新品放量。<br>（4）大单锁定：业绩高增。<br><br>2.基本面：订单、产品、政策、客户、行业三重景气叠加。<br><br>总结: 涨停由“政策+客户+大单+新品”四重催化共振，盈利预期与估值同步上修，资金抢筹。" },
|
||
{ stock: "万润股份", stock_code: "002643", rise_rate: 10.0, trade_date: "2025-10-27", reason: "核心结论 <br>凌晨财政部拟将“高端液晶单体用溶剂油”纳入80%退税清单，叠加TFT混晶周涨6.8%与OLED前端材料提前量产，三因素共振使2026E EPS上修40%，资金开盘一次性抢筹至涨停。<br><br>驱动概念 <br>TFT混晶涨价+OLED材料+溶剂油退税<br><br>个股异动解析 <br>1. 消息面 <br>（1）TFT混晶涨价：10-26晚百川报价周涨6.8%，海外Merck检修缺口15%。<br>（2）OLED前端材料：机构邮件确认“150吨OLED前端材料产线”10-20投料，11月送样韩系客户，量产节点提前2个月。<br>（3）溶剂油退税：10-27凌晨财政部征求意见稿把“高端液晶单体用溶剂油”列入80%退税，追溯11-1执行。<br><br>2. 基本面 <br>暂无最新财报更新，但上述三条可验证信息合计将2026E EPS由0.82元上调至1.15元。" },
|
||
{ stock: "蓝思科技", stock_code: "300433", rise_rate: 5.43, trade_date: "2025-08-20", reason: "# 蓝思科技(300433)2025-08-20上涨5.43%原因分析\n\n**核心业务增长预期**：\n- **苹果折叠屏业务潜力**: 2026年苹果或将推出首款折叠屏，蓝思可能涉及UTG+玻璃支架等部件，单机价值量或超100美元。\n- **3D玻璃后盖市场机会**: iPhone17 Air或将采用3D玻璃，ASP为普通后盖板的3倍。\n- **金属业务发展前景**: iPhone17系列或增加铝合金中框采购量。\n\n**新兴业务布局**：NV服务器结构件、机器人、汽车多功能玻璃。\n\n**行业与板块效应**：苹果概念股、AI眼镜概念股上涨行情，机构关注度提升。\n\n**综合分析**：上涨是核心业务增长预期、新兴业务布局、行业景气度与板块效应、机构关注度等多重因素的综合影响。" },
|
||
{ stock: "东山精密", stock_code: "002384", rise_rate: 10.0, trade_date: "2025-09-11", reason: "核心结论: 苹果AI新机FPC订单放量+甲骨文800G光模块代工传闻+10阶30层HDI扩产三重共振，机构资金抢筹封板。 <br>驱动概念: 苹果AI硬件+800G光模块+高阶HDI <br><br>个股异动解析: <br>1. 消息面： <br>（1）苹果AI硬件：iPhone17系列AI主板升级使高阶FPC用量+15~20%，公司二供ASP18美元，对应2.4~2.7亿美元新增订单。<br>（2）800G光模块：市场传旗下索尔思拿下甲骨文40% 400G/800G代工份额。<br>（3）高阶HDI：Multek 10亿美元扩产计划一期2亿美元25年投，26H1释放3亿美元产值。<br><br>总结: 苹果AI新机带来即时订单弹性+甲骨文光模块代工传闻提升中期估值+高阶HDI扩产打开天花板，机构资金提前抢筹。" },
|
||
{ stock: "立讯精密", stock_code: "002475", rise_rate: 10.0, trade_date: "2025-09-22", reason: "核心结论 <br>“iPhone17 标准版加单 40%”带来 2025Q4 可兑现业绩增量，叠加“OpenAI 无屏智能音箱+AI 眼镜独家代工”打开 2026 年 AI 硬件估值空间，资金抢筹形成一字板。<br><br>驱动概念 <br>苹果加单+OpenAI 硬件+AI 眼镜<br><br>个股异动解析 <br>1. 消息面 <br>（1）苹果加单：iPhone17 标准版 11-12 月日产能从 22 万台提至 30 万台，立讯拿下 55% 增量，对应 Q4 新增归母净利约 11-12 亿元。<br>（2）OpenAI 硬件：9-21 深夜 The Information 称双方签署 3 年排他协议，首单 500 万台无屏智能音箱+AI 眼镜。<br><br>总结: iPhone17 加单带来短期 EPS 上修，OpenAI 硬件代工赋予 AIOT 长期估值期权，形成“业绩+故事”双轮驱动。" }
|
||
]));
|
||
});
|
||
|
||
// ECharts Initialization
|
||
const chartTextColor = '#e0e6f0';
|
||
const chartLineColor = '#374151';
|
||
|
||
// Penetration Chart
|
||
var penetrationChart = echarts.init(document.getElementById('penetrationChart'));
|
||
var penetrationOption = {
|
||
title: {
|
||
text: '中尺寸OLED渗透率预测 (至2028年)',
|
||
left: 'center',
|
||
textStyle: { color: chartTextColor, fontWeight: 'normal', fontSize: 16 }
|
||
},
|
||
tooltip: { trigger: 'axis', backgroundColor: 'rgba(0,0,0,0.7)', borderColor: '#374151', textStyle: { color: chartTextColor } },
|
||
legend: { data: ['平板电脑', '笔记本电脑'], top: 'bottom', textStyle: { color: chartTextColor } },
|
||
grid: { left: '3%', right: '4%', bottom: '15%', containLabel: true },
|
||
xAxis: {
|
||
type: 'category',
|
||
boundaryGap: false,
|
||
data: ['2023', '2028'],
|
||
axisLine: { lineStyle: { color: chartLineColor } }
|
||
},
|
||
yAxis: {
|
||
type: 'value',
|
||
axisLabel: { formatter: '{value} %' },
|
||
axisLine: { lineStyle: { color: chartLineColor } },
|
||
splitLine: { lineStyle: { color: chartLineColor, type: 'dashed' } }
|
||
},
|
||
series: [
|
||
{ name: '平板电脑', type: 'line', smooth: true, data: [1.4, 18], itemStyle: { color: '#00dcff' }, areaStyle: { color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [{ offset: 0, color: 'rgba(0, 220, 255, 0.5)' }, { offset: 1, color: 'rgba(0, 220, 255, 0)' }]) } },
|
||
{ name: '笔记本电脑', type: 'line', smooth: true, data: [1.9, 21], itemStyle: { color: '#f5c2e7' }, areaStyle: { color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [{ offset: 0, color: 'rgba(245, 194, 231, 0.5)' }, { offset: 1, color: 'rgba(245, 194, 231, 0)' }]) } }
|
||
]
|
||
};
|
||
penetrationChart.setOption(penetrationOption);
|
||
|
||
// BOM Chart
|
||
var bomChart = echarts.init(document.getElementById('bomChart'));
|
||
var bomOption = {
|
||
title: {
|
||
text: 'Vision Pro成本结构中显示屏占比',
|
||
left: 'center',
|
||
textStyle: { color: chartTextColor, fontWeight: 'normal', fontSize: 16 }
|
||
},
|
||
tooltip: { trigger: 'item', formatter: '{a} <br/>{b}: {d}%', backgroundColor: 'rgba(0,0,0,0.7)', borderColor: '#374151', textStyle: { color: chartTextColor } },
|
||
legend: {
|
||
orient: 'vertical',
|
||
left: 'left',
|
||
top: 'bottom',
|
||
textStyle: { color: chartTextColor }
|
||
},
|
||
series: [
|
||
{
|
||
name: 'BOM成本占比',
|
||
type: 'pie',
|
||
radius: ['40%', '70%'],
|
||
avoidLabelOverlap: false,
|
||
itemStyle: {
|
||
borderRadius: 10,
|
||
borderColor: '#020010',
|
||
borderWidth: 2
|
||
},
|
||
label: { show: false, position: 'center' },
|
||
emphasis: { label: { show: true, fontSize: '20', fontWeight: 'bold', color: chartTextColor } },
|
||
labelLine: { show: false },
|
||
data: [
|
||
{ value: 46, name: 'Micro-OLED显示屏 (高估)', itemStyle: { color: '#89b4fa'} },
|
||
{ value: 54, name: '其他组件', itemStyle: { color: '#374151' } }
|
||
]
|
||
}
|
||
]
|
||
};
|
||
bomChart.setOption(bomOption);
|
||
|
||
window.addEventListener('resize', function() {
|
||
penetrationChart.resize();
|
||
bomChart.resize();
|
||
});
|
||
</script>
|
||
</body>
|
||
</html> |