TCL denied that 8.5-generation line production delays experts calling for overcapacity

On Friday (July 29th), a media report titled "Transfer TCL8.5 Generation LCD Panel Project Has Delayed Production Release", triggered the market's ability to invest in TCL's Shenzhen Huaxing Optoelectronics 8.5 generation LCD panel. Questioned. It is understood that the total investment of TCL for this project is 24.5 billion yuan.

In response, TCL issued a clarification announcement on August 1 stating: “After verification, this rumor is not true.” It also stated that the current 8.5-generation LCD panel project has smoothly adapted all key process technologies, and the initial commitment of the total capacity target for the end of 2012 has been maintained. 100,000 substrates are unchanged every month.

TCL denied the mass production delay

On July 29, Speedway reported that some suppliers disclosed to the media that the factory pipeline of TCL Huaxing Optoelectronics 8.5 LCD panel factory was not handled well, and the clean room project was flawed, resulting in low yield after commissioning. The actual volume production will be postponed until next year, and the original equipment production capacity will also be reduced from 80,000 substrates per month to 30,000.

Although the media mentioned in the article, the above statement was denied by the TCL. However, this report came out, China Star Optoelectronics 8.5 generation LCD panel still suffered multiple questions.

It is understood that Shenzhen Huaxing Optoelectronics 8.5 generation LCD panel factory is the first domestic 8.5 LCD panel production line project led by TCL. The total investment is 24.5 billion yuan, of which the fixed assets investment is 22 billion yuan.

As mainland enterprises still possess the relevant technology independent production panels, the status quo imposed on people in the industry chain has not yet changed. In addition, Japan's Sharp, South Korea's Samsung and LG and other international panel giants deliberately suppressed, the domestic LCD panel companies are facing no small pressure. The hidden concerns that LCD panels may face, such as redundant construction and overcapacity, have also been repeatedly raised in the industry.

Therefore, Huaxing Optoelectronics' 8.5-generation LCD panel technology and product yield can not meet the efficiency standards, whether it can be put into production on time, and so has been questioned by the industry's extensive speculation.

TCL Chairman Li Dongsheng once said in June this year that despite the impact of the earthquake in Japan, the delivery of some equipment was delayed. However, by adjusting the installation process, it was still able to start trial production in August in accordance with the original plan.

TCL’s clarification announcement also stated that due to the impact of the earthquake in Japan in March this year, some suppliers have delayed the assembly of machines and delivery of important machines has been postponed. However, under the efforts of all employees of Huaxing Optoelectronics, they will maintain production in early August of this year and formally in October. The production schedule will not change. Huaxing Optoelectronics has maintained its total capacity target at the end of 2012 to maintain 100,000 substrates per month.

Industry experts pointed out: "From the perspective of current scale and progress, TCL still has the strength to maintain the established target. However, the current status of LCD panels does have hidden concerns. Enterprises can't blindly expand their production capacity, and they are wary of the oversupply of the LCD panel. ”

2.84 billion shares will be lifted soon

Listed companies' "smile and laugh", the information passed out is undoubtedly the most obvious response in the secondary market.

Affected by the above reports, TCL fell 0.74% on July 29th, closing at 2.72 yuan/share. On August 1, the closing price was 2.67, a decrease of 1.11%, and the turnover rate was 1.42%. It is worth noting that 2.84 billion shares of the TCL Group's directional restricted shares will be lifted on August 3.

Last year, TCL Group issued 1.301 billion shares to 10 specific investors at an issue price of 3.46 yuan per share. Since then, the company has implemented the 2010 “10 to 10” transfer plan, and the above additional shares have increased to 2.602 billion shares.

Among them, Huizhou City Investment Holdings Co., Ltd. and Li Dongsheng, which participated in the issuance of additional shares, had a limited sale period of 36 months, and the 8,284 million shares held by 8 investors including Shenzhen Pingan Innovation Capital expired. The ban was lifted on August 3. Although the stock price has declined in recent days, as of Monday's close, the TPL Group's 8 investors involved in the issuance of the floating surplus ratio of more than 50%, if the above-mentioned 8 people choose to sell it without doubt also earn a full pot.

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