Panel production has always been a highly competitive industry. As early as 20 17 to 20 19, the market has entered a cold winter, because this market is saturated, and there are not only domestic manufacturers TCL technology and BOE, but also Japanese and Korean companies Samsung and LG, so the panel production industry has been a cold winter. In this state, JD.COM and TCL Technology suffered heavy losses in this sector two years ago, which led to the recent surge in net profit of JD.COM and TCL, which was questioned by netizens.
However, luck will eventually belong to those who persist in the end. Because JD.COM and TCL Technology have been insisting on the price war with Japanese and Korean companies, they finally won with the advantage of low price, and finally drove Samsung, LG, Panasonic and other Japanese and Korean companies out of the China market. Due to the advantages of JD.COM and TCL technology in China market, China manufacturers hold the market pricing power of semiconductor industry within 1 time, so their profits are rising.
In addition, it is worth noting that, affected by the epidemic, the production demand for display screens of tablet computers and notebook computers has greatly increased, and the surge in orders has turned the original surplus market capacity into just good market capacity, which directly benefited JD.COM and TCL Technology.
It is worth noting that although the profits of JD.COM and TCL Technology have increased substantially, this is only the beginning, and more crises need attention. After all, Japanese and Korean companies still have enough voice in overseas markets! If JD.COM and TCL want to go further, they must make further efforts to explore overseas markets.