首次覆盖：AI赋能，希沃教育应用落地有望加速

⚫ ⚫ ⚫ ⚫ ⚫ 22401.18 25160.55 28030.38 31090.43 11.05 12.32 11.41 10.92 970.96 1158.49 1400.84 1728.17 -29.13 19.31 20.92 23.37 21.33 21.39 21.35 21.51 1.40 1.66 2.01 2.48 23.89 20.02 16.56 13.42 1.83 1.67 1.52 1.37 1.04 0.92 0.83 0.75    -8%-6%-4%-2%0%2%4%6%050100150200250201620172018201920202021202220232024全球LCD出货量全球OLED出货量YOY 9287.50 10762.17 12290.32 13852.09 22401.18 25160.55 28030.38 31090.43 4904.08 5729.78 7208.03 8103.71 17623.50 19779.12 22044.62 24403.24 420.11 348.69 429.93 433.69 89.68 75.48 84.09 93.27 130.84 16.06 167.11 51.58 1205.97 1383.83 1485.61 1647.79 58.91 75.70 88.10 90.83 1175.23 1258.03 1261.37 1243.62 2314.80 3014.69 2853.34 3605.34 -94.47 46.88 102.47 101.11 1458.76 1577.24 1543.81 1566.93 -121.67 0.00 0.00 0.00 13382.79 13898.76 14550.18 15414.06 9.49 0.00 0.00 0.00 319.50 388.21 462.42 551.09 164.20 201.28 224.24 248.72 3634.00 3512.89 3443.78 3358.92 1053.75 1434.66 1734.78 2140.14 685.98 787.72 918.36 1063.87 8.43 0.00 0.00 0.00 8743.31 9209.94 9725.61 10440.19 15.46 0.00 0.00 0.00 22670.28 24660.93 26840.49 29266.15 1046.72 1434.66 1734.78 2140.14 8685.70 9456.89 10161.89 10768.42 10.57 215.20 260.22 321.02 2707.68 3077.83 3447.99 3748.86 1036.15 1219.46 1474.56 1819.12 2909.58 2584.62 2926.53 2496.41 65.19 60.97 73.73 90.96 3068.45 3794.43 3787.37 4523.16 970.96 1158.49 1400.84 1728.17 859.55 859.55 859.55 859.55 1128.41 1615.10 1968.62 2364.17 564.03 564.03 564.03 564.03 1.40 1.66 2.01 2.48 295.51 295.51 295.51 295.51 9545.24 10316.43 11021.43 11627.97 429.33 490.30 564.03 654.98 11.05%12.32%11.41%10.92%12695.71 13854.20 15255.03 16983.20 -30.73%36.15%20.92%23.37%22670.28 24660.93 26840.49 29266.15 -29.13%19.31%20.92%23.37%21.33%21.39%21.35%21.51%4.33%4.60%5.00%5.56%1254.73 1250.05 2050.64 1754.81 7.65%8.36%9.18%10.18%1036.15 1219.46 1474.56 1819.12 4.69%5.99%6.85%7.65%342.92 334.85 355.60 371.63 42.10%41.83%41.06%39.73%-15.58 144.97 159.77 173.19 -11.06%-13.30%-19.06%-20.47%-164.20 -201.28 -224.24 -248.72 1.07 1.14 1.21 1.29 -16.80 -247.94 284.94 -360.42 0.67 0.70 0.82 0.84 72.24 0.00 0.00 0.00 0.99 1.02 1.04 1.06 -428.85 -649.54 -782.77 -986.80 53.32 72.16 65.20 71.69 -1007.76 -282.11 -432.81 -146.86 7.70 9.73 9.58 12.45 409.21 -568.72 -574.21 -1088.67 1.40 1.66 2.01 2.48 169.69 201.28 224.24 248.72 1.80 1.80 2.95 2.52 -624.75 225.19 210.38 127.67 18.24 19.90 21.92 24.40 162.29 370.16 370.16 300.87 23.89 20.02 16.56 13.42 360.61 0.00 0.00 0.00 1.83 1.67 1.52 1.37 -1147.65 -144.97 -159.77 -173.19 21.48 13.18 10.25 8.29 208.31 825.70 1478.25 895.68 1.04 0.92 0.83 0.75