On May 14, TCL Group (000100) announced the announcement of the resolution of the first extraordinary shareholders meeting in 2014. The meeting reviewed and approved the proposal of Huaxing Optoelectronics and Hubei Science and Technology Investment Group Co., Ltd. to jointly invest in the construction of the 6th generation LTPS (LCD/AMOLED panel production line project).
According to the announcement, Huaxing Optoelectronics Co., Ltd., a subsidiary of TCL Corporation, plans to jointly invest in the 6th generation LTPS (OXIDE)•LCD/AMOLED panel production line project in Wuhan by establishing a joint venture company, focusing on the small and medium-sized panel market.
April Huaxing Optoelectronics capacity utilization rate is close to 100%
Since the launch of Huaxing Optoelectronics 8.5-generation LCD panel line project, the market share has continued to increase. It has become the TV LCD panel enterprise with the largest market share among mainland manufacturers, and has accumulated rich production line construction, management experience, technology and technology. reserve.
According to informed sources, the current theoretical capacity of Huaxing Optoelectronics t1 project is about 135,000 substrates/month, and about 4% of the capacity is used for the new process test and new product and technology research and development of Huaxing Optoelectronics t2 project. The glass substrate announced in April. The amount of film cast is 129,000, and the actual capacity utilization rate is close to 100%.
After the completion of the technical reform of the t1 project in August 2014, it is estimated that the monthly production capacity of Huaxing Optoelectronics can reach 140,000 pieces/month of glass substrates, which is 40% higher than the initial design capacity, which brings strong cost competitiveness to Huaxing Optoelectronics. In addition, the actual construction progress of the Huaxing Optoelectronics t2 project plant is slightly ahead of schedule, and it is expected to be completed and put into operation in June next year.
T3 project layout small size
The Huaxing Optoelectronics Wuhan t3 project focuses on the small and medium-sized, mid-to-high-end panel market. Together with the t1 project and the t2 project, it will build a good layout for Huaxing Optoelectronics in the field of LCD panel manufacturing. TCL Group will cover TV panels and small and medium-sized mobile terminal panels. By promoting the research and development and industrialization of new technology products, Huaxing Optoelectronics will realize the application of new technologies such as LTPS, AFFS, OLED and Touch panel, and take the lead in mastering the next generation of new display technologies, which will help accelerate the upgrade of the new flat panel display industry in China.
Industry insiders pointed out that the demand for mainland smartphones, especially for mid- to high-end smartphones, and the rapid growth of global low-end tablet PCs, the rapid growth of small and medium-sized high-end panels. The recent operating conditions of Samsung, LG and Japan Display show that the sales and profitability of LTPS products continue to improve. Taiwan's small and medium-sized panel maker Caijing has a current capacity utilization rate of 95%, and order visibility has reached September.
The layout and production scale of the domestic 6-generation LTPS (low-temperature polysilicon) production line is obviously insufficient. Huaxing Optoelectronics enters the small and medium-sized high-end panel market, which will further enhance its comprehensive competitiveness and form industrial synergy with TCL communication technology. The overall profitability of TCL Group in the future Will be further enhanced.
According to the announcement, Huaxing Optoelectronics Co., Ltd., a subsidiary of TCL Corporation, plans to jointly invest in the 6th generation LTPS (OXIDE)•LCD/AMOLED panel production line project in Wuhan by establishing a joint venture company, focusing on the small and medium-sized panel market.
April Huaxing Optoelectronics capacity utilization rate is close to 100%
Since the launch of Huaxing Optoelectronics 8.5-generation LCD panel line project, the market share has continued to increase. It has become the TV LCD panel enterprise with the largest market share among mainland manufacturers, and has accumulated rich production line construction, management experience, technology and technology. reserve.
According to informed sources, the current theoretical capacity of Huaxing Optoelectronics t1 project is about 135,000 substrates/month, and about 4% of the capacity is used for the new process test and new product and technology research and development of Huaxing Optoelectronics t2 project. The glass substrate announced in April. The amount of film cast is 129,000, and the actual capacity utilization rate is close to 100%.
After the completion of the technical reform of the t1 project in August 2014, it is estimated that the monthly production capacity of Huaxing Optoelectronics can reach 140,000 pieces/month of glass substrates, which is 40% higher than the initial design capacity, which brings strong cost competitiveness to Huaxing Optoelectronics. In addition, the actual construction progress of the Huaxing Optoelectronics t2 project plant is slightly ahead of schedule, and it is expected to be completed and put into operation in June next year.
T3 project layout small size
The Huaxing Optoelectronics Wuhan t3 project focuses on the small and medium-sized, mid-to-high-end panel market. Together with the t1 project and the t2 project, it will build a good layout for Huaxing Optoelectronics in the field of LCD panel manufacturing. TCL Group will cover TV panels and small and medium-sized mobile terminal panels. By promoting the research and development and industrialization of new technology products, Huaxing Optoelectronics will realize the application of new technologies such as LTPS, AFFS, OLED and Touch panel, and take the lead in mastering the next generation of new display technologies, which will help accelerate the upgrade of the new flat panel display industry in China.
Industry insiders pointed out that the demand for mainland smartphones, especially for mid- to high-end smartphones, and the rapid growth of global low-end tablet PCs, the rapid growth of small and medium-sized high-end panels. The recent operating conditions of Samsung, LG and Japan Display show that the sales and profitability of LTPS products continue to improve. Taiwan's small and medium-sized panel maker Caijing has a current capacity utilization rate of 95%, and order visibility has reached September.
The layout and production scale of the domestic 6-generation LTPS (low-temperature polysilicon) production line is obviously insufficient. Huaxing Optoelectronics enters the small and medium-sized high-end panel market, which will further enhance its comprehensive competitiveness and form industrial synergy with TCL communication technology. The overall profitability of TCL Group in the future Will be further enhanced.
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