1047 lines
44 KiB
HTML
1047 lines
44 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN">
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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, shrink-to-fit=no">
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<!-- Nucleo Icons -->
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<link href="../../static/assets/css/nucleo-svg.css" rel="stylesheet" />
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<!-- Font Awesome Icons -->
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<script src="https://kit.fontawesome.com/1d2b6c4f81.js" crossorigin="anonymous"></script>
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<!-- CSS Files -->
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<style>
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body {
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font-family: 'Inter', sans-serif;
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background: linear-gradient(135deg, #f5f7fa 0%, #c3cfe2 100%);
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min-height: 100vh;
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}
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.timeline-item {
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position: relative;
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padding-left: 30px;
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margin-bottom: 20px;
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.timeline-item:before {
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box-shadow: 0 8px 32px 0 rgba(31, 38, 135, 0.15);
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}
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background: linear-gradient(135deg, #667eea 0%, #764ba2 100%);
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-webkit-background-clip: text;
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-webkit-text-fill-color: transparent;
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background-clip: text;
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}
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.table-responsive {
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overflow-x: visible;
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}
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@media (max-width: 768px) {
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.table-responsive {
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overflow-x: auto;
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}
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}
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</style>
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</head>
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<body>
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<div class="container mx-auto px-4 py-8">
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<!-- 标题部分 -->
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<div class="text-center mb-10">
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<h1 class="text-4xl font-bold gradient-text mb-4">面板行业深度分析报告</h1>
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<p class="text-gray-600 text-lg">控产保价驱动的盈利修复期与未来展望</p>
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</div>
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<!-- 概念事件时间轴 -->
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<div class="card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
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<i class="fas fa-clock text-blue-500 mr-3"></i>概念事件时间轴
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</h2>
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<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-4">
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<div class="timeline-item">
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<div class="bg-blue-50 rounded-lg p-4">
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<h3 class="font-bold text-blue-700">2024-10</h3>
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<p class="text-sm text-gray-700 mt-1">CINNO：32/43寸TV面板止跌，50-85寸跌幅收窄至1-3美元</p>
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<span class="inline-block mt-2 px-2 py-1 bg-blue-100 text-blue-800 text-xs rounded">价格拐点信号</span>
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</div>
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</div>
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<div class="timeline-item">
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<div class="bg-green-50 rounded-lg p-4">
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<h3 class="font-bold text-green-700">2024-12</h3>
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<p class="text-sm text-gray-700 mt-1">国补政策延续（电视/电脑补贴20%上限2000元）</p>
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<span class="inline-block mt-2 px-2 py-1 bg-green-100 text-green-800 text-xs rounded">需求端刺激</span>
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</div>
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</div>
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<div class="timeline-item">
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<div class="bg-yellow-50 rounded-lg p-4">
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<h3 class="font-bold text-yellow-700">2025-01</h3>
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<p class="text-sm text-gray-700 mt-1">台湾6.4级地震致群创减产43万片TV面板</p>
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<span class="inline-block mt-2 px-2 py-1 bg-yellow-100 text-yellow-800 text-xs rounded">供给端冲击</span>
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</div>
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</div>
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<div class="timeline-item">
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<div class="bg-purple-50 rounded-lg p-4">
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<h3 class="font-bold text-purple-700">2025-02</h3>
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<p class="text-sm text-gray-700 mt-1">面板厂酝酿五一减产，Q2稼动率或降至80%以下</p>
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<span class="inline-block mt-2 px-2 py-1 bg-purple-100 text-purple-800 text-xs rounded">主动控产保价</span>
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</div>
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</div>
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<div class="timeline-item">
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<div class="bg-indigo-50 rounded-lg p-4">
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<h3 class="font-bold text-indigo-700">2025-03</h3>
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<p class="text-sm text-gray-700 mt-1">TrendForce：TV面板续涨1-2美元，MNT微涨</p>
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<span class="inline-block mt-2 px-2 py-1 bg-indigo-100 text-indigo-800 text-xs rounded">涨价周期延续</span>
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</div>
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</div>
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<div class="timeline-item">
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<div class="bg-red-50 rounded-lg p-4">
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<h3 class="font-bold text-red-700">2025-04</h3>
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<p class="text-sm text-gray-700 mt-1">CINNO：供需进入弱平衡，4月价格或现拐点</p>
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<span class="inline-block mt-2 px-2 py-1 bg-red-100 text-red-800 text-xs rounded">周期顶部预警</span>
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</div>
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</div>
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</div>
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</div>
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<!-- 核心观点摘要 -->
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<div class="card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
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<i class="fas fa-lightbulb text-yellow-500 mr-3"></i>核心观点摘要
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</h2>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
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<div class="bg-gradient-to-br from-blue-50 to-blue-100 rounded-lg p-5">
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<h3 class="font-bold text-blue-800 mb-3">当前阶段</h3>
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<p class="text-gray-700">面板行业正处于<strong class="text-blue-700">"控产保价"驱动的盈利修复期</strong>，TV面板价格自2024Q4起连续上涨，但2025Q2可能面临需求降温的拐点。</p>
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</div>
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<div class="bg-gradient-to-br from-green-50 to-green-100 rounded-lg p-5">
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<h3 class="font-bold text-green-800 mb-3">核心驱动力</h3>
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<p class="text-gray-700"><strong class="text-green-700">供给端寡头控产（大陆三强市占率>70%）+需求端政策刺激（国补+大尺寸化）</strong>，形成阶段性供需错配。</p>
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</div>
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<div class="bg-gradient-to-br from-purple-50 to-purple-100 rounded-lg p-5">
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<h3 class="font-bold text-purple-800 mb-3">未来潜力</h3>
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<p class="text-gray-700"><strong class="text-purple-700">2025年行业产值预计达1245亿美元（+5.5%）</strong>，但需警惕Q2后稼动率下降带来的价格压力。</p>
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</div>
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</div>
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</div>
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<!-- 核心逻辑与市场认知分析 -->
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<div class="card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
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<i class="fas fa-brain text-purple-500 mr-3"></i>核心逻辑与市场认知分析
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</h2>
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<div class="mb-8">
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<h3 class="text-xl font-bold text-gray-700 mb-4">（1）核心驱动力拆解</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="bg-gray-50 rounded-lg p-5">
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<h4 class="font-bold text-gray-800 mb-3 flex items-center">
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<i class="fas fa-industry text-blue-500 mr-2"></i>供给端革命
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</h4>
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<ul class="space-y-3">
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<li class="flex items-start">
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<span class="text-blue-500 mr-2">•</span>
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<div>
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<strong class="text-gray-700">产能集中度</strong>：京东方+TCL华星+惠科控制<strong class="text-blue-600">全球70% TV面板产能</strong>（2024年数据），通过动态调整稼动率（2025Q1维持80-85%）实现价格管控。
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</div>
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</li>
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<li class="flex items-start">
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<span class="text-blue-500 mr-2">•</span>
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<div>
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<strong class="text-gray-700">技术替代</strong>：韩厂全面退出LCD（三星2022年关闭最后产线，LG广州线2025Q2交割给TCL），<strong class="text-blue-600">大陆8.5/10.5代线成绝对主导</strong>。
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||
</div>
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||
</li>
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||
</ul>
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||
</div>
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<div class="bg-gray-50 rounded-lg p-5">
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<h4 class="font-bold text-gray-800 mb-3 flex items-center">
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<i class="fas fa-shopping-cart text-green-500 mr-2"></i>需求端催化
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</h4>
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<ul class="space-y-3">
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<li class="flex items-start">
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<span class="text-green-500 mr-2">•</span>
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<div>
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<strong class="text-gray-700">政策刺激</strong>：中国"以旧换新"政策直接拉动<strong class="text-green-600">65吋以上TV销量占比从2023年21%提升至2025年27%</strong>。
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</div>
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</li>
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<li class="flex items-start">
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<span class="text-green-500 mr-2">•</span>
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<div>
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<strong class="text-gray-700">大尺寸化红利</strong>：每增加1吋平均尺寸可去化<strong class="text-green-600">1座8.5代线产能</strong>（2025年TV平均尺寸将达52吋）。
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</div>
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</li>
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</ul>
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</div>
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</div>
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</div>
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<div>
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<h3 class="text-xl font-bold text-gray-700 mb-4">（2）市场认知偏差</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
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<div class="bg-yellow-50 rounded-lg p-5 border-l-4 border-yellow-400">
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<h4 class="font-bold text-yellow-800 mb-3">预期差1：涨价持续性</h4>
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<p class="text-gray-700">市场普遍认为2025Q1涨价可持续，但路演显示<strong class="text-yellow-700">品牌厂库存已偏高</strong>（海信Q1备货800万片超常规），Q2采购或骤降。</p>
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</div>
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<div class="bg-orange-50 rounded-lg p-5 border-l-4 border-orange-400">
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<h4 class="font-bold text-orange-800 mb-3">预期差2：OLED替代速度</h4>
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<p class="text-gray-700">研报强调OLED渗透率提升，但专家会议指出<strong class="text-orange-700">75吋OLED成本是LCD 3倍</strong>（2025年数据），大尺寸替代逻辑短期不成立。</p>
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</div>
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</div>
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</div>
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</div>
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<!-- 关键催化剂与路径 -->
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<div class="card rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
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<i class="fas fa-rocket text-red-500 mr-3"></i>关键催化剂与路径
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</h2>
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<div class="mb-8">
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<h3 class="text-xl font-bold text-gray-700 mb-4">（1）近期催化剂（3-6个月）</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
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<div class="bg-blue-50 rounded-lg p-4">
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<div class="flex items-center mb-2">
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<i class="fas fa-chart-line text-blue-500 mr-2"></i>
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<h4 class="font-bold text-blue-700">价格验证</h4>
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</div>
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<p class="text-sm text-gray-700">2025年4月面板报价若出现<strong class="text-blue-600">32吋价格环比持平</strong>（当前36美元），将确认拐点。</p>
|
||
</div>
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||
<div class="bg-green-50 rounded-lg p-4">
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||
<div class="flex items-center mb-2">
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||
<i class="fas fa-tachometer-alt text-green-500 mr-2"></i>
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||
<h4 class="font-bold text-green-700">稼动率数据</h4>
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||
</div>
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||
<p class="text-sm text-gray-700">Q2主流厂商稼动率若跌破<strong class="text-green-600">75%</strong>（当前80-85%），预示供给收缩保价。</p>
|
||
</div>
|
||
<div class="bg-purple-50 rounded-lg p-4">
|
||
<div class="flex items-center mb-2">
|
||
<i class="fas fa-file-alt text-purple-500 mr-2"></i>
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||
<h4 class="font-bold text-purple-700">政策延续性</h4>
|
||
</div>
|
||
<p class="text-sm text-gray-700">2025年国补政策是否覆盖<strong class="text-purple-600">IT面板</strong>（当前仅限TV/PC），将决定MNT涨价空间。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-bold text-gray-700 mb-4">（2）长期路径（2025-2027）</h3>
|
||
<div class="bg-gray-50 rounded-lg p-6">
|
||
<div class="flex flex-col md:flex-row items-center justify-between">
|
||
<div class="text-center mb-4 md:mb-0">
|
||
<div class="bg-blue-500 text-white rounded-full w-16 h-16 flex items-center justify-center mx-auto mb-2">
|
||
<span class="font-bold">2025</span>
|
||
</div>
|
||
<p class="font-bold text-gray-700">控产保价</p>
|
||
</div>
|
||
<div class="hidden md:block text-gray-400">
|
||
<i class="fas fa-arrow-right text-2xl"></i>
|
||
</div>
|
||
<div class="text-center mb-4 md:mb-0">
|
||
<div class="bg-green-500 text-white rounded-full w-16 h-16 flex items-center justify-center mx-auto mb-2">
|
||
<span class="font-bold">2026</span>
|
||
</div>
|
||
<p class="font-bold text-gray-700">8.6代OLED量产</p>
|
||
</div>
|
||
<div class="hidden md:block text-gray-400">
|
||
<i class="fas fa-arrow-right text-2xl"></i>
|
||
</div>
|
||
<div class="text-center mb-4 md:mb-0">
|
||
<div class="bg-purple-500 text-white rounded-full w-16 h-16 flex items-center justify-center mx-auto mb-2">
|
||
<span class="font-bold">2027</span>
|
||
</div>
|
||
<p class="font-bold text-gray-700">Micro LED手表商用</p>
|
||
</div>
|
||
<div class="hidden md:block text-gray-400">
|
||
<i class="fas fa-arrow-right text-2xl"></i>
|
||
</div>
|
||
<div class="text-center">
|
||
<div class="bg-red-500 text-white rounded-full w-16 h-16 flex items-center justify-center mx-auto mb-2">
|
||
<i class="fas fa-star"></i>
|
||
</div>
|
||
<p class="font-bold text-gray-700">技术分化</p>
|
||
<p class="text-sm text-gray-600">LCD守大尺寸<br>OLED攻IT</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 产业链与核心公司 -->
|
||
<div class="card rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-project-diagram text-indigo-500 mr-3"></i>产业链与核心公司
|
||
</h2>
|
||
|
||
<div class="mb-8">
|
||
<h3 class="text-xl font-bold text-gray-700 mb-4">（1）产业链图谱</h3>
|
||
<div class="bg-gradient-to-r from-blue-50 to-purple-50 rounded-lg p-6">
|
||
<div class="flex flex-col md:flex-row items-center justify-between space-y-4 md:space-y-0">
|
||
<div class="text-center">
|
||
<div class="bg-blue-100 rounded-lg p-4 mb-2">
|
||
<h4 class="font-bold text-blue-700">上游（材料）</h4>
|
||
<p class="text-sm text-gray-700 mt-2">偏光片（三利谱）</p>
|
||
<p class="text-sm text-gray-700">玻璃基板（彩虹股份）</p>
|
||
<p class="text-sm text-gray-700">驱动IC（中颖电子）</p>
|
||
</div>
|
||
</div>
|
||
<div class="text-2xl text-gray-400">
|
||
<i class="fas fa-arrow-right"></i>
|
||
</div>
|
||
<div class="text-center">
|
||
<div class="bg-purple-100 rounded-lg p-4 mb-2">
|
||
<h4 class="font-bold text-purple-700">中游（面板）</h4>
|
||
<p class="text-sm text-gray-700 mt-2">京东方A（27%市占）</p>
|
||
<p class="text-sm text-gray-700">TCL华星（21%市占）</p>
|
||
<p class="text-sm text-gray-700">惠科（13%市占）</p>
|
||
</div>
|
||
</div>
|
||
<div class="text-2xl text-gray-400">
|
||
<i class="fas fa-arrow-right"></i>
|
||
</div>
|
||
<div class="text-center">
|
||
<div class="bg-green-100 rounded-lg p-4 mb-2">
|
||
<h4 class="font-bold text-green-700">下游（终端）</h4>
|
||
<p class="text-sm text-gray-700 mt-2">海信/TCL</p>
|
||
<p class="text-sm text-gray-700">三星/LG</p>
|
||
<p class="text-sm text-gray-700">小米/华为</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-bold text-gray-700 mb-4">（2）核心玩家对比</h3>
|
||
<div class="table-responsive">
|
||
<table class="table align-items-center mb-0 w-full">
|
||
<thead>
|
||
<tr>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">公司</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">业务纯度</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">关键数据</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">风险点</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">京东方A</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">LCD+OLED双龙头</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0 text-blue-600">2024年TV面板市占27%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">OLED良率仍低于三星（75% vs 85%）</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">TCL科技</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">大尺寸LCD绝对龙头</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0 text-blue-600">收购LG广州线后TV产能+20%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">广州线折旧压力（2025Q2开始）</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">彩虹股份</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">玻璃基板国产替代</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0 text-blue-600">咸阳8.6代线2025年满产</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">客户认证周期长（需2年）</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">三利谱</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">偏光片紧缺受益</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0 text-blue-600">2025Q2供需比或降至3%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">住友化学产线出售后竞争格局未定</p>
|
||
</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 潜在风险与挑战 -->
|
||
<div class="card rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-exclamation-triangle text-red-500 mr-3"></i>潜在风险与挑战
|
||
</h2>
|
||
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
|
||
<div class="bg-red-50 rounded-lg p-5">
|
||
<h3 class="font-bold text-red-800 mb-3 flex items-center">
|
||
<i class="fas fa-microchip text-red-500 mr-2"></i>技术风险
|
||
</h3>
|
||
<ul class="space-y-3">
|
||
<li class="flex items-start">
|
||
<span class="text-red-500 mr-2">•</span>
|
||
<div>
|
||
<strong class="text-gray-700">Micro LED瓶颈</strong>：巨量转移良率<99.9%（2025年数据），苹果手表2027年商用计划可能推迟。
|
||
</div>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<span class="text-red-500 mr-2">•</span>
|
||
<div>
|
||
<strong class="text-gray-700">OLED成本</strong>：8.6代线OLED笔记本面板成本需降至<strong class="text-red-600">LCD 1.5倍</strong>以下才有竞争力（当前2.5倍）。
|
||
</div>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="bg-orange-50 rounded-lg p-5">
|
||
<h3 class="font-bold text-orange-800 mb-3 flex items-center">
|
||
<i class="fas fa-chart-line text-orange-500 mr-2"></i>需求风险
|
||
</h3>
|
||
<ul class="space-y-3">
|
||
<li class="flex items-start">
|
||
<span class="text-orange-500 mr-2">•</span>
|
||
<div>
|
||
<strong class="text-gray-700">库存反噬</strong>：海信等品牌Q1超量备货可能导致Q2砍单30%（专家会议预警）。
|
||
</div>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<span class="text-orange-500 mr-2">•</span>
|
||
<div>
|
||
<strong class="text-gray-700">政策退坡</strong>：2025年国补若缩减，65吋以上TV销量增速或从<strong class="text-orange-600">+35%降至+10%</strong>。
|
||
</div>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="bg-yellow-50 rounded-lg p-5">
|
||
<h3 class="font-bold text-yellow-800 mb-3 flex items-center">
|
||
<i class="fas fa-info-circle text-yellow-500 mr-2"></i>信息矛盾
|
||
</h3>
|
||
<ul class="space-y-3">
|
||
<li class="flex items-start">
|
||
<span class="text-yellow-500 mr-2">•</span>
|
||
<div>
|
||
<strong class="text-gray-700">地震影响</strong>：群创称地震减产43万片（占其月产能15%），但TrendForce数据显示4月TV供应未明显收紧，<strong class="text-yellow-600">实际影响可能被高估</strong>。
|
||
</div>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 综合结论与投资启示 -->
|
||
<div class="card rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-flag-checkered text-green-500 mr-3"></i>综合结论与投资启示
|
||
</h2>
|
||
|
||
<div class="mb-8">
|
||
<h3 class="text-xl font-bold text-gray-700 mb-4">（1）阶段判断</h3>
|
||
<div class="bg-gradient-to-r from-blue-50 to-green-50 rounded-lg p-6">
|
||
<p class="text-lg text-gray-700">行业处于<strong class="text-blue-600">"盈利修复尾声"</strong>，2025Q2后将进入<strong class="text-green-600">"需求验证期"</strong>，当前主题炒作成分>基本面驱动。</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mb-8">
|
||
<h3 class="text-xl font-bold text-gray-700 mb-4">（2）投资方向</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-6">
|
||
<div class="bg-blue-50 rounded-lg p-5">
|
||
<h4 class="font-bold text-blue-800 mb-3">短期（3个月）</h4>
|
||
<ul class="space-y-2">
|
||
<li class="flex items-start">
|
||
<i class="fas fa-check-circle text-blue-500 mt-1 mr-2"></i>
|
||
<span>关注<strong class="text-blue-600">偏光片紧缺</strong>（三利谱）</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<i class="fas fa-check-circle text-blue-500 mt-1 mr-2"></i>
|
||
<span>关注<strong class="text-blue-600">控产受益</strong>（彩虹股份）</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
<div class="bg-purple-50 rounded-lg p-5">
|
||
<h4 class="font-bold text-purple-800 mb-3">长期（12个月）</h4>
|
||
<ul class="space-y-2">
|
||
<li class="flex items-start">
|
||
<i class="fas fa-check-circle text-purple-500 mt-1 mr-2"></i>
|
||
<span>布局<strong class="text-purple-600">8.6代OLED量产</strong>（京东方B16线2026年投产）</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-bold text-gray-700 mb-4">（3）跟踪指标</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||
<div class="bg-gray-50 rounded-lg p-4">
|
||
<div class="flex items-center mb-2">
|
||
<i class="fas fa-dollar-sign text-green-500 mr-2"></i>
|
||
<h4 class="font-bold text-gray-700">价格先行指标</h4>
|
||
</div>
|
||
<p class="text-sm text-gray-700">32吋面板价格（跌破35美元即预警）</p>
|
||
</div>
|
||
<div class="bg-gray-50 rounded-lg p-4">
|
||
<div class="flex items-center mb-2">
|
||
<i class="fas fa-shopping-cart text-blue-500 mr-2"></i>
|
||
<h4 class="font-bold text-gray-700">需求验证指标</h4>
|
||
</div>
|
||
<p class="text-sm text-gray-700">中国电视品牌4月采购量（环比-20%为危险信号）</p>
|
||
</div>
|
||
<div class="bg-gray-50 rounded-lg p-4">
|
||
<div class="flex items-center mb-2">
|
||
<i class="fas fa-cogs text-purple-500 mr-2"></i>
|
||
<h4 class="font-bold text-gray-700">技术里程碑</h4>
|
||
</div>
|
||
<p class="text-sm text-gray-700">京东方8.6代OLED线2025Q4良率是否达<strong class="text-purple-600">80%</strong>（当前75%）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-8 bg-red-50 rounded-lg p-5 border-l-4 border-red-400">
|
||
<h4 class="font-bold text-red-800 mb-2">风险提示</h4>
|
||
<p class="text-gray-700">若2025Q2出现"品牌库存高企+面板厂减产不及预期"组合，行业可能重现2023年价格暴跌（当时65吋面板3个月跌幅达<strong class="text-red-600">-25%</strong>）。</p>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 关联股票数据 -->
|
||
<div class="card rounded-xl p-6">
|
||
<h2 class="text-2xl font-bold text-gray-800 mb-6 flex items-center">
|
||
<i class="fas fa-chart-bar text-indigo-500 mr-3"></i>关联股票数据
|
||
</h2>
|
||
|
||
<div class="table-responsive">
|
||
<table class="table align-items-center mb-0 w-full">
|
||
<thead>
|
||
<tr>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">股票</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">分类</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">市值</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">市占率</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">市值/市占率</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">PB</th>
|
||
<th class="text-uppercase text-secondary text-xxs font-weight-bolder opacity-7">备注</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">京东方A</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">屏厂</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">1634</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">27.2%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">60.1</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">1.27</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">2024年1月全球大尺寸LCD面板市场份额（按出货面积）来自券商研报</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">彩虹股份</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">屏厂</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">290</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">4.7%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">61.7</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">1.46</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">TCL科技</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">屏厂</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">965</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">1.84</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">深天马A</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">屏厂</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">217</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">0.78</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">京东方A</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">OLED</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">1634</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">30%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">54.5</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">1.27</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">我国OLED厂商市场份额来自中商产业研究院，预计为2022或2023年</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">深天马A</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">OLED</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">217</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">20%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">10.9</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">0.78</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">维信诺</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">OLED</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">122</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">11%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">11.1</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">1.33</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">和辉光电</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">OLED</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">309</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">7%</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">44.1</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">2.46</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">天禄科技</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">产业链强势个股</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">导光板+京东方</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">沃格光电</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">产业链强势个股</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">玻璃基板+京东方</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">翔腾新材</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">产业链强势个股</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">偏光片+小米/华为</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">清越科技</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">产业链强势个股</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">PMOLED+华为</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">三利谱</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">产业链强势个股</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">偏光片</p>
|
||
</td>
|
||
</tr>
|
||
<tr>
|
||
<td>
|
||
<div class="d-flex px-2">
|
||
<div class="my-auto">
|
||
<h6 class="mb-0 text-sm font-weight-bold">濮阳惠成</h6>
|
||
</div>
|
||
</div>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">产业链强势个股</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">-</p>
|
||
</td>
|
||
<td>
|
||
<p class="text-sm font-weight-bold mb-0">功能材料OLED上游</p>
|
||
</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<script>
|
||
// 初始化背景效果
|
||
document.addEventListener('DOMContentLoaded', function() {
|
||
// 初始化粒子背景
|
||
if (typeof tsParticles !== 'undefined') {
|
||
tsParticles.load("tsparticles", {
|
||
particles: {
|
||
number: {
|
||
value: 30,
|
||
density: {
|
||
enable: true,
|
||
value_area: 800
|
||
}
|
||
},
|
||
color: {
|
||
value: "#8b9dc3"
|
||
},
|
||
shape: {
|
||
type: "circle"
|
||
},
|
||
opacity: {
|
||
value: 0.3,
|
||
random: true
|
||
},
|
||
size: {
|
||
value: 3,
|
||
random: true
|
||
},
|
||
move: {
|
||
enable: true,
|
||
speed: 1,
|
||
direction: "none",
|
||
random: true,
|
||
straight: false,
|
||
out_mode: "out",
|
||
bounce: false
|
||
}
|
||
},
|
||
interactivity: {
|
||
detect_on: "canvas",
|
||
events: {
|
||
onhover: {
|
||
enable: true,
|
||
mode: "repulse"
|
||
},
|
||
onclick: {
|
||
enable: true,
|
||
mode: "push"
|
||
}
|
||
}
|
||
},
|
||
retina_detect: true
|
||
});
|
||
}
|
||
});
|
||
</script>
|
||
</body>
|
||
</html>
|
||
``` |