On July 27, Shentianma A (hereinafter referred to as “the company”) announced that the company intends to increase its capital in Wuhan Tianma by the wholly-owned subsidiary Wuhan Tianma Microelectronics Co., Ltd. (hereinafter referred to as “Wuhan Tianma”). Based on the LTPS AMOLED project, the company will invest in expansion and expand the production capacity of the 6th generation LTPS AMOLED production line, namely, invest in the construction of the 6th generation LTPS AMOLED production line Phase II project (Wuhan) (hereinafter referred to as the “Phase II Project”). The amount is about 14.5 billion yuan. Shentianma A holds 100% equity of Wuhan Tianma; after the capital increase, the company's shareholding ratio remains unchanged at 100%.
The announcement shows that the second phase of the project is to expand the capacity of the 6th generation LTPS AMOLED production line. After the second phase of the project is completed and put into production, the 6th generation LTPSAMOLED production line project and the 6th generation LTPS AMOLED production line second phase project (Wuhan) will form a monthly output of 3.75. The capability of a million flexible AMOLED display panels.
The investment method of this project is to increase RMB 8.5 billion from Shenzhen Tianma A to Wuhan Tianma (the Donghu Development Zone Management Committee promised to coordinate the bank or other institutions to provide 5 billion yuan of loans to the company. The company raised funds of 3.5 billion yuan. The company invested in the project company Wuhan Tianma in phases; Wuhan Tianma directly estimated from the syndicated loan of 6 billion yuan (currently the estimated value, the specific amount is subject to the actual capital demand during the construction of the second phase project).
AMOLED flexible display technology has broad application prospects. It uses a soft material substrate that is not easily broken to replace a fragile glass substrate. It has the characteristics of flexibility, high flexibility, light weight, and freedom of design. It is now the next generation of new display technology. It has become the mainstream development direction of OLED technology and has begun to enter large-scale industrial application. It has performed well in high-end full-screen smart phones, smart wear, virtual reality (VR) and other fields.
Shen Tianma A said that Korean display panel manufacturers have an absolute leading position in the AMOLED panel market due to their early entry and continuous investment. Based on the broad market space of the high-end display market and the tight supply and demand relationship, the next few years will be the key period for the development of the display panel industry. As a leading enterprise in the domestic small and medium size display field, the company needs to actively grasp the strategic opportunity period and enhance the market in the AMOLED flexible display market. Occupancy.
After decades of layout, the company has formed a layout of mainstream display technologies for small and medium-sized products from passive, a-Si TFT-LCD, LTPS TFT-LCD to LTPSAMOLED, and has supported customized solutions for many domestic and foreign brand customers. Has a long-term small and medium size display market deep plough accumulation. After the project is completed and put into production, it will greatly enhance the company's production capacity and supply capacity in the high-end products field. The scale effect and economic benefits will be prominent, which will further enhance the company's market position in small and medium-sized high-end display, especially AMOLED applications. Achieve strategic goals for leading companies in the global display arena.