Huaxing Optoelectronics plans to build a second phase 8.5 generation production line with 24.4 billion yuan

On the evening of October 24th, TCL Group announced that Huaxing Optoelectronics Co., Ltd., a controlling subsidiary of the company, plans to invest 24.4 billion yuan to implement the second-phase 8.5th generation TFT-LCD (oxide-containing semiconductor and AMOLED) production line construction project.

According to reports, the glass substrate size of the project is 2500mm × 2200mm, the design capacity is 100,000 pieces / month, of which the input amount of amorphous silicon semiconductor glass substrate is 70,000 pieces / month; the input amount of oxide semiconductor glass substrate is 30,000 Film/month (partially used to produce OLED TV panels), capacity will be adjusted according to market conditions and industrialization process. The product types of the project will focus on 23.6", 32", 42", 55", 65", 85-88" LCD screens, 55 OLED displays, and large public displays.

The project is expected to start construction at the end of 2013 and will be put into operation in the third quarter of 2015. After the completion of the project, it is estimated that more than 10 million LCD panels will be supplied each year, with an annual output value of 22.668 billion yuan (calculated in 2018). The project payback period is 8.7 years.

According to the company, at present, Huaxing Optoelectronics has only one 8.5-generation production line with insufficient capacity and scale. The main product sizes on the market have not been fully covered. The project will adopt a hybrid cutting process to cover the mainstream product size and further improve the supply capacity of domestic LCD TV panels and module products. The construction of this project is conducive to further enlarge Huaxing Optoelectronics, build a domestic first-class, internationally leading flat panel display device manufacturer, give full play to the scale effect, and accelerate the upgrade of the new flat panel display industry in China.

On the same day, the third quarterly report released by TCL Group showed that the company realized operating income of 61.096 billion yuan from January to September 2013, a year-on-year increase of 26.08%; net profit attributable to shareholders of listed companies was 1.265 billion yuan, an increase of 159.52%; basic earnings per share was 0.149 yuan. .

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