Shenzhen Enrich Electronics Co., Ltd

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Company News >> CPT billions of fund-raising investment TFT LCD panel project 8th,March,2018
                                                June 2 announcement at the evening, the company intends to not less than 19.28 yuan / share, about 519 million shares issued, raised 10 billion yuan, all for the investment in China Jia Jiazi build 6th generation TFT-LCD panel production line project, The company invested in the second phase of the touch screen display material device and added working capital to Kelishi. Huaying Technology expects that after the fund-raising project is completed, the company will add an annual average after-tax profit of over one billion yuan. Company shares resume trading on June 3.

Annual income over one billion
CPT said that the 6th generation of TFT-LCD panel production line project is completed, the company will add annual average profit after tax of 477.42 million yuan, the project pre-tax internal rate of return of 7.73%, after-tax internal rate of return of 6.64% The sales profit rate was 7.16%, and the static investment recovery period after tax was 10.17 years. Keli's investment in the construction of the touch-screen display material device for the second phase of the project will be completed in 2 years. After the completion, the project will have an annual sales income of 1,415.267 million yuan, an annual profit of 6339.0055 million yuan, an annual profit after tax of 538.8194 million yuan, and an investment recovery period of 4.48 years (after tax).
Since 2010, CPT Technology has been committed to the strategic layout of "LCD module-based, combined with touch components and touch-stop products" to enhance industrial competitiveness. The fund-raising also continues this strategy to invest in the key components of the upstream panel plant, a new 6-generation panel plant by Hua Jia Cai investment, production is scheduled to produce glass substrate size 1850mm x 1500mm, design capacity of 30,000 / month, Focus on high-end small and medium-sized panels; the same time expanding the capacity of the cover glass as the legislation, the formation of 83.3 million (14-inch meter) production capacity.
As China currently imposes a 5% tariff on foreign panel makers to provide domestic manufacturers with price advantages, while continuing to encourage the purchase of domestic production panels and components in terms of panel policies, the construction of Huajia Cai will benefit Huaying Technology to take advantage of this, Combined with the existing module production line, to provide customers with a complete supply chain and products to reduce shipping time and reduce costs.
Demand for TFT-LCD small and medium-sized panels continues to grow
The industry is expected, with the popularity of 4G networks, 4G mobile phone shipments will continue to grow. 4G handsets shipped 4.6 million in 2013, 72.4 million in 2014, 144 million in 2015, 220 million in 2016 and 300 million in 2017. The market outlook is promising. In addition, sales of small and medium size panels are expected to reach 70 billion U.S. dollars in 2018, with a CAGR of 11.88% in sales revenue.
At the same time, with the development of panel technology, the pixel density PPI has been continuously improved, people's demand for fine picture quality has gradually increased, and the market demand for high-PPI mobile phone screens has also been expanded. It is estimated that by 2016, the global mobile phone panel will be the main force. Will focus on 300-400PPI, and by 2017, more than 300PPI products will exceed the global mobile phone market, the overall half. The escalation of China’s national consumption has brought continuous development momentum to the consumer electronics technology product industry, and the rapid development of consumer electronic terminal products such as tablet PCs and smart phones has become high-quality, light-weight, small-size, high-definition, and high-resolution display. The development of the panel brings great opportunities.
Cover glass application expansion
According to reports, the science-based subsidiary of Christie's science and technology as the main high-end products of high quality cover glass, which has high compressive stress, pressure depth, surface quality, and quickly achieve the desired chemical strength characteristics of the current main Used in smart phones, laptops and tablet computers, automotive touchpads, and mobile devices. Consumer electronics is an important sector for the growth of demand for cover glass and is expected to grow by 13% in 2015.
In addition to the consumer electronics industry, many emerging markets have also emerged in recent years, such as automotive, smart glass, architectural glass (sightseeing elevator glass) and so on. In the automotive market, high-aluminum cover glass is strong and ultra-thin compared to traditional glass and is suitable for windshields, dashboards and touch panels for cars. It is estimated that the global smart glass market revenue will increase from 2.3 billion U.S. dollars in 2013 to 5.3 billion U.S. dollars in 2020.

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