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Company News >> 46 billion financing: China LCD panel will not repeat the same mistakes 21th,Apr,2017
                                           In recent years, the government on the local LCD panel industry in talent technology, capacity expansion, government subsidies, brand manufacturers and financial institutions, financing and other aspects of support for domestic manufacturers to significantly expand the production capacity of LCD panels provide a favorable industrial environment, Domestic panel demand self-sufficiency rate, to BOE and Huaxing photoelectric as the representative of the local LCD panel manufacturers to achieve rapid growth.
                                 Domestic manufacturers to invest in large-scale expansion of production capacity
                                 China's LCD panel industry in 2013, the major event is the largest panel maker BOE announced to raise funds 46 billion yuan, the proceeds into the Hefei, Chongqing and Ordos 8.5 generation TFTLCD production line, 5.5 generation AMOLED production line and 6-generation touch panel production line And other investment projects. As the amount of funds raised has been more than Jingdong years to raise the total amount of funds in the current overall investment in the panel industry, conservative attitude of the industry is particularly concerned about the background. According to the IPO consultants looking forward to the investment adviser estimates, in 2015 China is expected to enter the production of eight 8.5-generation LCD production line in six of the local manufacturers built.
                                 With the support of the government and the bank with strong funds, with the Beijing Oriental and Huaxing photoelectric expansion and the CLP Panda, Deep Tianma and other domestic domestic panel manufacturers gradually follow up, making China is the world's LCD production capacity forward. According to DIGITIMES latest statistics show that in 2013 the overall domestic LCD panel production capacity will reach 27.196 million square meters, accounting for the global LCD panel production capacity of 13.4%, is expected in 2016 will rapidly increase to 5400.4 million square meters, accounting for up to 23.7 %, With South Korea, Taiwan, the formation of the world's three major LCD panel production center.
                                 Frequent refresh of capital market frequent financing records
                                 Beijing has just turned a profit in the new financing program, plans to non-public offering of 9.5 billion -22.4 million shares of stock, financing not more than 46 billion yuan. According to the IPO advisory body looking forward to investment advisers know that the BOE in the A-share market on the fifth non-public issuance plan, not only the largest amount of BOE financing history, and more than the sum of the previous financing, so that investors can not help but think of recent The capital of the East in the capital market financing pace.
                                 In 2006, BOE announced the issuance of private placement announcement, intends to a specific object of non-public offering of not more than 1.5 billion A shares for the Beijing TFT-LCD5G production line of technological transformation and large-size TFT-LCD color filter production line project. Eventually, BOE completed the issuance of 6.76 A shares, raising a total of 1.86 billion yuan of funds.
                                 August 2007, BOE A non-public offering of financing not more than 6 billion yuan, but the final actual fund-raising only about 2.242 billion yuan.
In September 2008, BOE and Hefei Municipal People's Government and its investment platform signed an agreement to announce the construction of a total investment of 17.5 billion in Hefei thin film transistor liquid crystal display device (TFT-LCD) 6-generation line project. June 2009, BOE to non-public offering of shares, a total of 5 billion shares issued A shares, the issue price of 2.4 yuan / share, raising a total of 12 billion yuan of funds to raise funds net 11.783 billion yuan.
                                In 2010, BOE issued A shares in a non-public manner, issued a total of 29.85 ordinary shares of RMB, the issue price of 3.03 yuan / share, raised funds totaling 9.045 billion yuan, net proceeds of 8.94 billion yuan.
                                BOE through the above five years, four times a total of 25.147 billion yuan of financing, as A-share market, "financing king", the capital market financing big name spread like wildfire There have been industry estimates that such a large-scale refinancing expansion will make the next few years the domestic LCD panel industry is facing the problem of excess capacity for the LCD panel industry future prospects cast a shadow, and may even become the second photovoltaic industry The
LCD panel industry characteristics
                                LCD technology involves physical, chemical, optical and other complex technical fields, a liquid crystal panel will involve dozens of components and hundreds of materials, no one company can independently complete the integration of the entire industry chain, so the LCD panel industry and steel, Cement, photovoltaic, electrolytic aluminum and other traditional industries over the industry the biggest difference is that the former has a very large and complex industrial chain, involving a huge output value of the industry, 2012 global TFT-LCD sales reached 1,115 billion US dollars. As a small number of industries that can achieve the same output scale of the national economy pillar industries such as IT, automobile and communications and play an important role in modern defense and security, the LCD panel industry has been very clear in the national government industry

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