BOE raised funds of 46 billion to 3 new display production lines

On the evening of April 3, BOE Technology Group announced that BOE had completed the issuance of RMB 21.768 billion common shares of Renminbi, raising a total of 45.713 billion yuan.

The reporter learned that among the targeted investors, in addition to Beijing Strategic Management Center, Hefei Jianxiang and Chongqing Capital, there are also Ping An Innovation Capital, Huaan Fund, Huabao Industrial Fund, Minsheng Plus Fund, etc. Seven financial investors participated in the subscription.

According to BOE, the production lines of three new display products mainly invested by 46 billion financing are progressing smoothly: Hefei's 8.5th generation TFT-LCD production line has been mass-produced in February this year, and customers such as Konka, Haier, Samsung and Changhong have cooperated. The 5.5th generation AMOLED production line of Ordos was put into operation last November and is expected to be mass-produced in the first half of this year. The new 8.5th generation semiconductor display production line in Chongqing has also entered the main construction stage and will be put into operation in the first half of next year.

The industry believes that the above-mentioned production lines are aimed at high-end products such as ultra-high-definition, oxides, OLEDs, and huge markets where demand for smartphones and tablet PCs is growing rapidly. The prospects are promising. The data show that by 2020, the compound annual growth rate of oxide display products is 88.5%, the annual compound growth rate of LTPS products is 21.4%, and the compound annual growth rate of AMOLED display products is 44.3%.

An industry research organization pointed out: "In the next five years, mobile products such as tablets and smartphones will grow at a double-digit growth rate; while the growth in medium and large size is mainly from high-end products, such as high-resolution touch. Ultrabook, high-end wide viewing angle display, 4K ultra HD TV, etc."

According to news from BOE, the company's Beijing 5th generation line and 8.5th generation line, Chengdu 4.5th generation line and Hefei 6th generation line are all full of production and sales. The scale operation effect continues to be reflected. It reached 22.5~2.35 billion yuan.

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