TCL Technology: Never evaluate overseas LCD production or exit production line equipment

Recently, according to the Korean media Fnnews, citing sources in the financial investment industry, TCL Huaxing may take over the 8th generation LCD production line of Samsung Display Korea. The news also said that TCL Huaxing has completed the evaluation of the production line and plans to reach an agreement with Samsung for the transfer of the LCD production line in the first quarter of this year.

In response to this issue, TCL Technology (000100) said in response to investors’ questions today (February 4) that the company has never evaluated overseas LCD production or exit production line equipment.

For questions about the company’s capacity utilization rate, TCL Technology said that at present, TCL Huaxing’s production lines continue to be full of production and sales, continue to optimize the product structure, and maintain the industry’s leading operating efficiency. The annual operating revenue has increased by more than 35 year-on-year. %, net profit increased by more than 140% year-on-year. Among them, the large-size display business has benefited from the industrial recovery. The prices of main products have continued to rise since the third quarter of 2020, and the net profit of the large-size business has increased by more than 6 times year-on-year; the production logistics and personnel of the small-size panel line caused by the epidemic The issue of resuming work has a staged impact on performance.

The company will accelerate the high-end upgrade of TV products, and at the same time accelerate the commercialization of next-generation display technologies such as printed LCD for Samsung and miniled. At present, the expansion of commercial display, laptop, monitor and other categories is proceeding as scheduled.

In addition, regarding the company’s product supply, TCL Technology responded that the t7 project is ramping up for mass production as planned;

The t4 production line focuses on high-end flexible AMOLED displays, which are currently available Moto foldable LCD for Samsung mobile phone screens, and Xiaomi 10/10Pro high-end hyperbolic LCD for Samsung mobile phone screens, and are stepping up to develop global well-known brand mobile phone customers;

The 6th generation t3 in Wuhan is the world’s largest LTPS factory with the largest monomer production capacity. The yield rate is at a global leading level. As of the first quarter of 2020, the sales volume of LTPS smart phone panels on the t3 production line ranks third in the world. Medium-sized vehicles, laptops and other products have successively launched strategic cooperation with customers such as BYD (002594) and Lenovo. (China LCD Network)