varitronix tft display quotation

Thin-Film Transistor Liquid Crystal Displays use thin-film transistors to control the voltage applied to the liquid crystal layer at a sub-pixel level. The structure of TFT LCDs consists of a TFT “sandwich” and a BLU (Backlight Unit). A typical configuration is shown in the schematic diagram below.

Firstly, between the back and front polarizers, TFT LCD cells are made with two glass substrates – one for color filters, the other for a TFT array – and a liquid crystal layer sandwiched in between.

For normally black TFT LCDs, if we follow along a piece of light setting off from its backlight source, it will bea)guided uniformly by LGP;b)reflected and enhanced by BEF and DBEF;c)polarized by the back polarizer;d)polarization changed by twisted LC under the voltage applied by TFT arrays;e)“tinted” red/green/blue by corresponding color filter of the subpixel;f)let through the front polarizer by matched polarization; andg)finally, it will reach the surface and appears in viewer’s eyes.

For normally white panels, processd)will be the opposite – known as the polarization rotation effect, light is twisted in a voltage-off stage and can pass through the front polarizer by default, thus displaying white normally. However, when the voltage applied increases, this polarization rotation effect would be gradually diminished. And the light would not be able to pass through the front polarizer anymore without changing its polarization. In this way, certain pixels will appear in different colors.

Normally black LCDs have higher contrast and wider viewing angles without grayscale inversion phenomenon compared to their normally white relatives. And whether TFT LCDs are normally black or white depends on their LC switching mode:

2Chen, HW., Lee, JH., Lin, BY.et al.Liquid crystal display and organic light-emitting diode display: present status and future perspectives.Light Sci Appl7,17168 (2018).https://doi.org/10.1038/lsa.2017.168

As previously mentioned, TN mode functions with the polarization rotation effect. Under traditional TN/VA display mode, the liquid crystal molecules are vertically arranged, with a relatively narrow visual angle. When an external force is exerted on the screen, the liquid crystal molecular structure will sink in a herringbone pattern to slowly recover – a pattern called vertical alignment. Therefore, an evident “water ripple” usually appears when the display surface is touched and impacts the user experience. In comparison, the VA mode provides higher contrast. And MVA (multi-domain vertical alignment) is an upgraded version of VA with improved viewing angles.

Since the Company’s inception by a team of enterprising academics at the University of Hong Kong in 1978, Varitronix have grown to become one of the leading manufacturers of Liquid Crystal Displays through years of innovation in research, design, production scalability, and technology advancement.

Through the following years of finding local success, Varitronix envisioned a much larger scale operation for the ever-increasing demand for displays. The trajectory plan eventually led the Company to be officially listed on the Hong Kong Stock Exchange in 1991 (HKSE code: 710), continuing its influence and strong presence to serve customers at the local, national, and global levels.

In 2016, BOE, an IoT company providing intelligent interface products and services for information interaction and human health, sought interest and became a major shareholder of Varitronix, which fueled the Company into the next great leap forward. BOE Varitronix, as the Company is now called, reflects purely on our integration leading to sustainable development in business, innovation technology, capital, and resource utilization.

Nearly half a century later, BOE Varitronix continues its time-honored tradition in providing the one stop shop for the latest display technologies, backed up by solid research and commitment to quality, customized to the individual needs, and delivered economically and efficiently.

On behalf of Varitronix International Limited (the "Company") and its subsidiaries (collectively referred to as "Varitronix" or "the Group"), I present the Group"s results for the period ended 30 June 2016.

Compared with the Group"s results for the period ended 30 June 2015, there is a significant decline in revenue, which is mainly due to the decrease in sales of monochrome automotive displays in South Korea and the People"s Republic of China ("PRC"). Moreover, during the first half of 2016, the Japanese yen appreciated, led to a higher purchase price of key materials sourced from Japan, resulted in realised and unrealised foreign exchange loss. In the first half of 2016, there was also no one-off gain from the disposal of interest in Data Modul AG like that in the same period in 2015. These, coupled with the Group"s realised and unrealised loss from the net change in fair value of investment in listed trading securities, resulted in the Group"s profit attributable to shareholders for the first half of 2016 having significantly decreased compared with the same period in 2015.

For the six months ended 30 June 2016, the average selling price of automotive displays has been adversely affected by the market environment and changes in product mix. Thus, the revenue generated by the automotive display business was HK$732 million, representing a decrease of 19% compared to the same period last year. This business accounted for 65% of the Group"s total revenue.

During the first half year under review, there was an overcapacity of Thin Film Transistors ("TFT") globally, which led to fierce competition and pressed down the average selling prices of TFT display and modules. The selling price of monochrome displays has also experienced a huge pressure and adjusted down accordingly. In the past, the mid-to-low end customers of the Group"s traditional automotive displays markets, such as Europe, widely adopted monochrome displays. Driven by the significant decrease in the selling price of the TFT display and modules, these customers switched to TFT modules products at an accelerated rate, which reduced the demand for the Group"s monochrome automotive displays. The general price pressure of monochrome automotive displays also narrowed down the profit margin. In the meantime, the Group"s sales in automotive TFT modules has continued to increase. As the selling price of those TFT modules was usually higher, the revenue generated by TFT modules was thus able to cover part of the losses incurred by the drop of monochrome displays business in Europe. However, since the Group did not have its own TFT panel production lines, the TFT business competitiveness was curtailed which limited the room for significant growth of TFT modules sales.

The PRC market has experienced the similar situation. As the price of TFT display and modules declined, most car manufacturers switched to TFT displays, which had adversely impacted on the Group"s sales in monochrome displays. In addition, the PRC economy slowed down, which in turn affected the business development and sales performance of automobile market.

The Korea automotive displays business faced fierce connection resulted in a continual decline in revenue. Customers stopped renewing certain orders of automotive monochrome displays, while new order quantities cannot cover the loss of revenue. The sales of automotive monochrome display in South Korea thus continued to be sluggish.

Fortunately, the Japanese market maintained steady growth in the first half of the year and the automotive display sales from Japan has recorded a remarkable growth on a year-on-year basis.

The industrial display business generated a revenue of HK$387 million for the six-month period under review, similar to that of last year. This business contributed 35% to the total revenue.

The industrial display business from Europe remained steady and recorded a slight growth. Although the average selling price of industrial displays is relatively lower than that of automotive displays, the demand for industrial displays remained stable which provide a sustainable revenue source for the Group. Orders of European electricity meters and white goods sectors were particularly strong.

As the information displayed on industrial products is usually simpler, monochrome displays are still predominant. Industrial customers tend to favour display products that are reliable and precise, and monochrome displays can match their requirements, ensuring stable demand in this sector.

The industrial display business in the United States weakened slightly compared with last year. This was due to slow economic recovery and certain customers reduced or postponed their orders in the United States.

Although the Group"s current monochrome display business is under pressure from the expanding TFT market, monochrome display products still have room for growth in the mid-to-low automotive sectors and among industrial customers, benefited from its reliability and price competitiveness. The Group will seek to maintain steady development for its monochrome display business, while driving growth in the TFT business.

The demand for monochrome displays from Japanese cars remains steady. The Group has been increasing resources in the Japanese market to capture a larger market share. At the same time, Japanese customers have stringent product requirements and they seldom switch suppliers or product technologies. They are also relatively more willing to commit to a stable selling price to ensure product quality. As a result, the Group has ample room for growth in the monochrome automotive display business in Japan.

Due to global economic slowdown, growth in developing countries like India, Brazil and Russia was not as strong as expected. Once the economy improves, these markets will bring growth opportunities to the Group. Take India as an example, there is enormous potential for growth in its automobile market, especially for low-end cars at the early stage, presenting positive effects for our monochrome display business.

As for the industrial market, monochrome displays secure a leading position with steady demand in electricity meters and medical product sectors, but some white goods manufacturers have switched to adopt TFT displays.

In face of the ever growing TFT market, the Group will proactively seize opportunities for development. It has also formulated a series of strategies to expand the Group"s market share.

The Group completed the new shares subscription transaction at the end of April 2016, BOE as the Group"s major shareholder, currently holds approximately 54% of the Company"s issued share capital. BOE is one of the world"s major TFT display suppliers, which owns large-scale TFT panel production facilities. With BOE as the Group"s strategic shareholder, the Group enjoys a preferential and stable supply of TFT panel, favourable TFT panel prices and technology support, all of which further consolidate the Group"s TFT business.

BOE has accumulated many years" experience in TFT panel technology which is able to support the Group"s TFT business. It includes supplying unique TFT panel designs to meet the products specifications of the Group"s customers. In terms of TFT materials sourcing, the Group will also benefit from the synergy of bulk purchase of BOE with its suppliers. BOE has also invested abundant resources in building production lines of Active-matrix organic light-emitting diodes ("AMOLED"). This production platform buttresses the Group"s research in related technologies as well as their application to automotive products.

Varitronix is BOE"s major platform in developing automotive and industrial display businesses. BOE"s earliest automotive customers were mainly the PRC after-market car manufacturers. This customer base will be gradually migrated to the Group, which becomes a new source of revenue. BOE"s extensive market networks and human resources in the PRC and South Korea would serve to turn around the downward market trend in the PRC and South Korean markets.

Since the completion of the new shares subscription transaction, the Group"s existing automotive and industrial customers have gained confidence in the Group"s TFT module business. Besides receiving more requests for quotation of TFT projects, we have actually won certain number of new TFT projects, which will enter mass production stage in the latter half of 2017 and 2018.

Since the Group started design and production of TFT modules, we have been investing in the recruitment of expertise and equipment. With BOE as our strategic shareholder, we receive substantial resources to further expand our TFT module production facilities. The Group is now preparing to increase TFT module production lines and planning to increase its TFT module capacity by the first half of 2017, so as to accommodate the growth of TFT orders.

The Group"s technology team has been continually upgrading TFT display products" capabilities, particularly in areas such as contrast ratio, brightness, responsiveness and colour gamut, in order to achieve the highest standards in automotive products.

In May, the Group participated in the Society of Information Display ("SID") in the United States and presented its large, curved and fluid TFT automotive display screen. Installing such display enhanced the uniqueness of car interior design, which was widely acclaimed by the market. This innovative automotive display product will enter production in 2018.

Automotive rear-view display is another product in the pipeline. When it is not in use, the display screen will look no different from any rear-view mirror. Once it is on, it has functions like displaying videos and GPS messages. As this product has no fixed shape, it can fit all rear-view mirror designs and display a wider range of information.

In the meantime, the Group is developing an automotive grade on-cell touch panel technology, which does not require affixing the touch panel glass onto the display. Hence, the touch screen will be thinner and more competitive. The development of this technology is expected to be completed by the end of the year.

The Group is developing Head Up Display ("HUD") system which includes not only display, but also light source, optical engine, driver board and software. An HUD demonstration unit has been successfully developed. The HUD demonstration units can also be connected to mobile phone through our self-developed apps. With the system, the driver can watch the real time mobile navigation on the head up display. When there is incoming phone call or new message in the mobile phone, the driver can immediately read the same image on the head up display. Hence, the driver would not lose his/her attention during driving and also would not miss any phone calls and messages.

In the first half of 2016, global economy was weak. In the face of an uncertain market environment, the Group"s management strove to control costs, including materials and labour costs, within the expected range. During this period, the Group stayed united, and identified stronger partnerships with strategic shareholders as a pragmatic and feasible strategy, so as to strengthen our existing TFT business. The Group"s management focused on completing the new shares subscription transaction in the first half of the year, working towards expanding its TFT business.

I would like to take this opportunity to sincerely thank the Group"s colleagues, the Board, shareholders and business partners, whose full support made possible the collaboration between BOE and Varitronix. Looking ahead, with the Group"s strong support and backup, I believe we can bring about win-win success.

The principal activity of the Company is investment holding. The principal activities of the Group are the design, manufacture and sale of liquid crystal displays and related products.

The Group manages its business as a single unit and, accordingly, the design, manufacture and sale of liquid crystal displays and related products is the only reporting segment and virtually all of the revenue and operating profits is derived from this business segment. The interim financial report is already presented in a manner consistent with the way in which information is reported internally to the Group"s most senior executive management for the purposes of resource allocation and performance assessment. Accordingly, no separate business segment information is disclosed.

The provision for Hong Kong Profits Tax is calculated by applying the estimated annual effective tax rate of 16.5% (2015: 16.5%) to the six months ended 30 June 2016. The provision for the PRC Corporate Income Tax is calculated by applying a reduced tax rate of 15% which is applicable for Varitronix (Heyuan) Display Technology Limited ("Varitronix Heyuan"), a subsidiary of the Group designated as high and new technology enterprise by the PRC tax authority. Withholding tax is levied on dividend distributions arising from profit of the Group"s subsidiaries operating in the PRC earned after 1 January 2008 based on an applicable tax rate of 5%. Taxation for subsidiaries operating outside Hong Kong and the PRC is similarly calculated using the estimated annual effective rates of taxation that are expected to be applicable in the relevant jurisdictions.

As a leading manufacturer of small-to-medium-sized LCDs, BOE Varitronix offers complete solutions for a wide range of applications, from automotive and telecommunications, to industrial and consumer applications.

Monochrome display has been the core business for BOE Varitronix, who offer TFT LCD modules for electric meters, high-end white goods, home automation applications, consumer products and markets related to IoT, as well as medium-to-large sized monochrome displays aimed at high-end display markets.

BOE Varitronix is one of the world’s leading display solution providers for the automotive industry. The company’s strategy in the automotive display business is to continue growing market share in major automotive markets through the promotion and development of medium-to-large-sized standardized platform TFT module products.

BOE Varitronix has grown into a manufacturer with scalable production capacity, an extensive sales network and over 5,000 staff. The company’s major production bases expanded from Heyuan (Guangdong Province) to Chengdu (Sichuan Province)

- Established in 1978 by a group of academics from Hong Kong"s universities, Varitronix Ltd. has grown to become one of the world"s leading manufacturers of Liquid Crystal Displays (LCD). A determination to provide a premium service, as well as a premium product has seen the company grow steadily to the point in 1991 when our associated holding company, Varitronix International Limited, was successfully launched on the Hong Kong stock exchange.

From the outset Varitronix has been a research-driven company, working with customers to develop advanced LCD products for a broad range of markets,including sophisticated commercial, industrial, medical and military display products. These products range from simple LCD displays to complete turnkey assemblies for many of the worlds leading OEM manufacturers. The emphasis on providing products of the highest quality was instrumental in Varitronix gaining ISO 9001 certification in March 1995.

Product line includes: Standard & Custom Graphic, Dot-Matrix, LCD Glass, Modules and Turnkey Systems. We offer the latest technologies in: Twisted-Nematic (TN), High-Twist (HTN), Super-Twist (STN), Extended-Temp. STN, Black & White Film-Compensated STN, Double STN, Guest-Host, Heilmeier Displays and Touch-Sensitive Screen.

BOE Technology Group Co., Ltd., or Jingdongfang (Chinese: 京东方科技集团股份有限公司), is a Chinese electronic components producer founded in April 1993. Its core businesses are interface devices, smart IoT systems and smart medicine and engineering integration.LCD, OLEDs and flexible displays.

In April 1993, Beijing Oriental Electronics Group Co., Ltd was founded by Wang Dongsheng. In 1997, it listed B shares on the Shenzhen Stock Exchange. In 2001, Beijing Oriental Electronics was renamed BOE Technology Group Co., Ltd. BOE acquired SK Hynix"s STN-LCD and OLED businesses for US$22.5 million.flat-panel display businesses for US$380 million.

In 2009, BOE Energy Technology Co., Ltd was founded to enter the photovoltaics industry. In 2010, BOE acquired Suzhou Gaochuang Electronics" Taipei Display Research Center and AIO Manufacturing Plant.

In 2017, BOE established its Middle East Branch in Dubai and set up a subsidiary based in São Paulo, Brazil. BOE also announced its plan to build a hospital in Chengdu which will be opened in late 2020. BOE announced a long-term agreement with Universal Display Corporation, UDC will supply phosphorescent OLED materials to BOE.LG Display still lead in terms of area shipment.

In 2018, BOE acquired SES-imagotag for €200 million.Kopin Corporation and Olightek for OLED micro-displays manufacturing.Huawei Mate 20 Pro is the first flagship tier smartphone with an AMOLED sourced from BOE (also sourced from LG Display).

In 2019, BOE formed a joint venture with Rohinni for MicroLED and mini LED backlighting manufacturing.Hisense announced its U9E TVs featuring dual LCD panels which Hisense said exceeds OLED TVs in brightness, color gamut and color accuracy. Its panels are produced by BOE.Huawei Mate X scheduled for release in Q4 2019 reportly has a foldable OLED from BOE.Samsung Displays.flat-panel display producer.Huawei to research cameras under OLEDs.LG Display and Tianma as OLED supplier for LG Electronics smartphones in 2020.Apple beginning in 2021 for the iPhone.

The global market for TFT Modules is estimated to increase from USD million in 2021 to reach USD million by 2028, exhibiting a CAGR of % during 2022-2028. Keeping in mind the uncertainties of COVID-19 and Russia-Ukraine War, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Global key TFT Modules players cover LG, Innolux Corporation, BOE Varitronix, Sharp and Japan Display, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.

This latest report provides a deep insight into the global TFT Modules market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, value chain analysis, etc.

This report aims to provide a comprehensive picture of the global TFT Modules market, with both quantitative and qualitative data, to help readers understand how the TFT Modules market scenario changed across the globe during the pandemic and Russia-Ukraine War.

This study also covers company profiling, specifications and product picture, sales, market share and contact information of various regional, international and local vendors of TFT Modules Market. The market proposition is frequently developing ahead with the rise in scientific innovation and MandA activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with the international vendors based on reliability, quality and modernism in technology.

– Comprehensive valuation of all prospects and threat in the – In depth study of industry strategies for growth of the TFT Modules market-leading players.

As a leading manufacturer of small-to-medium-sized LCDs, Varitronix offers complete solutions for a wide range of applications, from automotive and telecommunications, to industrial and consumer applications. Headquartered in Hong Kong, we serve customers around the world through an extensive service network - striving to achieve excellence through innovation, quality, respect and integrity.

Established in 1978 by a group of academics, Varitronix was one of Asia"s pioneers of LCD manufacturing. Since then, we have combined rigid RandD, innovative product designs, flexible specifications and efficient production to provide the utmost in customer satisfaction.

Varitronix went public in 1991, floating its shares on the Stock Exchange of Hong Kong. The move broadened our shareholder base, and increased management responsibility in looking after our public investors.

With a strong track record of profitability, Varitronix has grown into a manufacturer with scalable production capacity, an extensive sales network and over 4,000 staff. Our major production bases are located in Heyuan and Shenzhen in Guangdong Province. A number of branch offices located in Asia, North America and Europe perform sales and marketing functions.+ Read More

Truly’s US$200 million thin-film transistor-liquid crystal display (TFT-LCD) panel line in southern China’s Guangdong province has an annual production capacity of up to 24 million units of small to medium-sized displays.

Wong expects the firm to sell 5 million TFT-LCD units in the second half of this year and up to 20 million units in 2008. This will boost its revenue growth by a further 5 percent to 8 percent in 2007 and by more than 10 percent in 2008, he said.

Its net profit rose 3 percent in the first quarter to HK$189 million on sales of HK$1.26 billion, up 15 percent as product prices stabilised amid tight supply. Shares of Truly have risen about 86 percent in the past three months, outperforming a 9 percent gain in its smaller rival Varitronix International.

Truly’s TFT panel line is not designed to compete with the world’s large TFT producers but to form the front and integral part of a vertical integration chain for its finished TFT module products.

- Established in 1978 by a group of academics from Hong Kong"s universities, Varitronix Ltd. has grown to become one of the world"s leading manufacturers of Liquid Crystal Displays (LCD). A determination to provide a premium service, as well as a premium product has seen the company grow steadily to the point in 1991 when our associated holding company, Varitronix International Limited, was successfully launched on the Hong Kong stock exchange.

From the outset Varitronix has been a research-driven company, working with customers to develop advanced LCD products for a broad range of markets,including sophisticated commercial, industrial, medical and military display products. These products range from simple LCD displays to complete turnkey assemblies for many of the worlds leading OEM manufacturers. The emphasis on providing products of the highest quality was instrumental in Varitronix gaining ISO 9001 certification in March 1995.

Product line includes: Standard & Custom Graphic, Dot-Matrix, LCD Glass, Modules and Turnkey Systems. We offer the latest technologies in: Twisted-Nematic (TN), High-Twist (HTN), Super-Twist (STN), Extended-Temp. STN, Black & White Film-Compensated STN, Double STN, Guest-Host, Heilmeier Displays and Touch-Sensitive Screen.

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