The position of China's panel industry in the world continues to climb, and the Huaxing Optoelectronics Phase II project with an investment of 24.4 billion yuan was started on November 16. Faced with the situation of oversupply in the future, Huaxing will adopt a “differentiation†strategy in the second phase, and will also introduce strategic investors to weave “cold clothesâ€.
Li Dongsheng, chairman of TCL Group, said that Huaxing’s second 8.5-generation line has three functions: one is to introduce new technologies and new technologies such as oxide semiconductors and OLEDs; the other is to make Huaxing’s economic scale more competitive; Establish a more complete supporting industrial chain, including the furnace factory of the panel glass and the polarizer factory.
The second phase of Huaxing is planned to be completed in 17 months (combined from May to June 2015); the designed capacity is 100,000 glass substrates per month, including 70,000 amorphous silicon semiconductors and 30,000 glass substrates of oxide semiconductors (including parts) AMOLED).
Different from the strategy of “small category and large scaleâ€, Hualian Optoelectronics CEO Bo Lianming told this reporter that Huaxing Phase II is implementing a “differentiation†strategy, and the product structure and technical structure will be changed to enhance the large size and UD ( Ultra-high-definition products are supplied with new technology panels such as LTPS and IGZO, and the product line is expanded from 32-inch to 42-inch.
"Huaxing Phase II will introduce new strategic investors." Bo Lianming revealed that the investment of Huaxing Phase II 24.4 billion yuan consists of three parts: First, the introduction of strategic investors, may be large domestic and foreign fund companies, the future TCL in China's The shares will be diluted; the second is syndicated loans, the proportion is less than 40%; plus the profit, cash and depreciation accumulated by Huaxing itself.
At present, Huaxing has become the largest profit source of TCL, with a net profit of 420 million yuan in the first three quarters of 2013. However, the first phase of Huaxing's production is profitable. Thanks to the policy of energy saving and benefiting people, the demand for 32-inch TV has been greatly boosted. After the policy exit, the domestic color TV market experienced negative growth in the second half of this year, and panel prices continued to fall. In 2015, the number of 8.5-generation lines that have been put into production in China will reach eight, and the industry is worried that there will be an oversupply situation. DisplaySearch analyst Wu Rongbing also reminded that in the next year and the following year, many high-generation lines in Taiwan and South Korea will complete depreciation, which will put pressure on domestic panel factories.
"We are very vigilant." Bo Lianming said that although Huaxing is now making a good profit, it must enhance its sense of crisis. "The cost reduction rate is faster than the price reduction rate before it can survive."
Li Yaqin, research director of Qunzhi Consulting, believes that domestic panel factories are facing the challenge of capacity release and technology upgrade, and must expand the “seaportâ€. Wu Rongbing also suggested that the first is market diversification, not just staring at TV; the second is to create new applications; the third is to increase panel exports.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Li Dongsheng, chairman of TCL Group, said that Huaxing’s second 8.5-generation line has three functions: one is to introduce new technologies and new technologies such as oxide semiconductors and OLEDs; the other is to make Huaxing’s economic scale more competitive; Establish a more complete supporting industrial chain, including the furnace factory of the panel glass and the polarizer factory.
The second phase of Huaxing is planned to be completed in 17 months (combined from May to June 2015); the designed capacity is 100,000 glass substrates per month, including 70,000 amorphous silicon semiconductors and 30,000 glass substrates of oxide semiconductors (including parts) AMOLED).
Different from the strategy of “small category and large scaleâ€, Hualian Optoelectronics CEO Bo Lianming told this reporter that Huaxing Phase II is implementing a “differentiation†strategy, and the product structure and technical structure will be changed to enhance the large size and UD ( Ultra-high-definition products are supplied with new technology panels such as LTPS and IGZO, and the product line is expanded from 32-inch to 42-inch.
"Huaxing Phase II will introduce new strategic investors." Bo Lianming revealed that the investment of Huaxing Phase II 24.4 billion yuan consists of three parts: First, the introduction of strategic investors, may be large domestic and foreign fund companies, the future TCL in China's The shares will be diluted; the second is syndicated loans, the proportion is less than 40%; plus the profit, cash and depreciation accumulated by Huaxing itself.
At present, Huaxing has become the largest profit source of TCL, with a net profit of 420 million yuan in the first three quarters of 2013. However, the first phase of Huaxing's production is profitable. Thanks to the policy of energy saving and benefiting people, the demand for 32-inch TV has been greatly boosted. After the policy exit, the domestic color TV market experienced negative growth in the second half of this year, and panel prices continued to fall. In 2015, the number of 8.5-generation lines that have been put into production in China will reach eight, and the industry is worried that there will be an oversupply situation. DisplaySearch analyst Wu Rongbing also reminded that in the next year and the following year, many high-generation lines in Taiwan and South Korea will complete depreciation, which will put pressure on domestic panel factories.
"We are very vigilant." Bo Lianming said that although Huaxing is now making a good profit, it must enhance its sense of crisis. "The cost reduction rate is faster than the price reduction rate before it can survive."
Li Yaqin, research director of Qunzhi Consulting, believes that domestic panel factories are facing the challenge of capacity release and technology upgrade, and must expand the “seaportâ€. Wu Rongbing also suggested that the first is market diversification, not just staring at TV; the second is to create new applications; the third is to increase panel exports.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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