Since the end of the year, we have clearly felt that market demand has recovered. As the LED display industry enters the traditional peak season, coupled with the continuous release of demand for high-definition video display equipment in the terminal market, especially after new display products such as Mini/Micro start to empower the market , Production capacity has begun to become the focus of upstream and downstream enterprises in the industry chain.
As we all know, China's LED display industry has always been in a dominant position in the global field, and after several years of continuous leadership, China's LED display industry is further pulling the lead. Relevant statistics show that with the development of the small-pitch, Mini/MicroLED and other high-definition display markets, it is estimated that China's panel production capacity will account for 55% of the world in 2020. In addition, since the beginning of this year, due to the greater impact of the epidemic, almost all international giants such as Europe, the United States and South Korea have stopped work and reduced production. Chinese LED screen companies have benefited from the advantages of domestic epidemic prevention and control and have seized opportunities to expand production capacity, reduce costs, and expand Leading advantages, especially Mini/MicroLED production capacity, has become a top priority for many LED companies.