The two sides agreed to co-invest in the construction of the 6th generation flexible active matrix organic light emitting display (AMOLED) module production line, with a total investment of 11.2 billion yuan.Expanding layout
The registered capital of the joint venture company of the sixth generation AMOLED module production line investment project is 5.6 billion yuan, of which 4.6 billion yuan is raised by the state-owned enterprises designated by the Guangzhou Zengcheng District people's Government, accounting for 82.14 percent of the total equity, and 1 billion yuan is raised by Weixinuo, accounting for 17.86 percent.
In addition, the difference between the total investment of 11.2 billion yuan and the capital of 5.6 billion yuan of the project company is 5.6 billion yuan for debt financing, and the Guangzhou South Guangdong Fund is responsible for financing the financial institutions in the name of the project company. Among them, the project loan is not less than 4.6 billion yuan, the rest is mainly the liquidity loan.
Vicino said that flexible module technology is an important part of the flexible display industry chain. The AMOLED module production line invested in Zengcheng in Guangzhou coverscurved surfaceAnd a high-expansion technical space is provided, so that the requirement of the customized full-form flexible panel product customized by the terminal can be met, and the terminal delivery can be realized with higher efficiency.
Time Finance learned from Visinno that it currently has three AMOLED production lines and one AMOLED module production line.
Among them, two AMOLED production lines have been put into operation, namely Kunshan factory on the 5th generation line and Gu'an factory on the 6th generation line, with cumulative capacity of 45K/month and cumulative investment of about 37.5 billion yuan.
As for the sixth generation flexible AMOLED production line under construction, the total investment is expected to be 44 billion yuan, the production capacity is 30K/ month, and the production capacity is expected to be mass production in the first quarter of 2021. In addition, the AMOLED module production line in Bazhou was put into production in 2018, and the first phase of the project produces 92 million modules per year, including small and medium size flexible and hard screen AMOLED modules, which will be dominated by flexible products in the future.
CINNO Research Data Display, Vinodon AMOLED,2018cellphonePanel shipments exceed. D is the second largest in the world and the first in China.Cooperate with multiple vendors
At present,millet ZTE, LG, Nubian and other manufacturers have become Vixino mobile phone panel customers, and, thanks to several "appearances" with Xiaomi cooperation products, Vixino's exposure in the industry is also increasing.
At the beginning of this year, Xiaomi President Lin Bin video display double folding screen mobile phone caused heated discussion, at that time, time Finance learned from Visino that the folding screen on the phone was developed by Xiaomi and Vixino in cooperation with each other, and the two sides have been working together for a long time, and the screen used in Xiaomi bracelet is also from Visinno.
This week, the MIX Alpha 5G concept mobile phone released by Millet was highly controversial, and soon the news that the mobile phone used a surround screen from Vicino spread quickly. The other day, media reports pointed out that Visino had joined the ranks.HUAWEIIn the supply chain system, the cooperation between the two sides focuses on the screen used in mobile phones. Vicino has not responded to this. However, according to the financial knowledge of the times, it is not new for Vicino to join the supply chain system of Huawei. The screen of Huawei watch products is also from Vicino.
Visino pointed out in the announcement that the signing of the Investment Cooperation Agreement will help the company to further close to end-users and promote long-term and stable cooperation with brand customers.
OLED panel sales are maintaining a fast growth trend. Display Supply Chain Consultants data show that in 2018, AMOLED panel sales of about $27 billion are expected to reach $29 billion in 2019 and $39 billion in 2020. The proportion of sales in the panel industry has increased from 22% to 31%.
In the first half of this year, Vicino realized business income of 1.1 billion yuan, an increase of 134%, net profit of 176 million yuan, an increase of 98.8%, non-net profit loss of 322 million yuan, government subsidies of 722 million yuan, a loss of 395 million yuan in the same period last year. Visino looks forward to exploding new business opportunities for OLED panels with the promotion of 5G commercialization and the development of new technologies such as flexible display.