Panel industry upgrades: Enterprises to go left or right

September 6, TCL Group (000100.SZ) investment Shenzhen huaxing Optoelectronics Company (Shenzhen 8.5 generation panel line operation main body) 8.5 Generation Project Array factory one layer cap.　　TCL Group Senior Vice president, Huaxing Photoelectric CEO He Chengming said, the company has developed 8.5 generation line LCD panel products, are doing technology testing. "In order to circumvent the patent barriers, huaxing photoelectric began to establish independent research and development of HVA as the main route, the current huaxing has completed the patent proposal 100 pieces, has been for next year to start production to do a good job of technical research and development preparation."　　"He Chengming said. By the end of July, TCL Group successfully raised more than 4.502 billion yuan, to solve the huaxing photoelectric registration capital increase problems, it seems that the Shenzhen 8.5-generation panel line everything in accordance with TCL Group chairman and President Li expected steps to proceed smoothly. At the end of June this year, the main building works and the central power station are expected to be capped by the end of January next year, and all the other major projects have already completed the bidding work, and the construction of the substation, water supply, gas supply and road of the municipal auxiliary works is being strained, which will meet the　　All equipment selection and technical evaluation work has been completed. Tcl Group said that, according to the plan, 8.5 generation panel production main plant will be capped in January 2011, May 1 Complete equipment handling, production will be completed before September 1, followed by the beginning of trial production, 2011 year of the Four Seasons to achieve volume production, mainly produces 26 inches to 32 inches,　　46-inch and 55-inch LCD TV module. However, for Tcl and Huaxing Optoelectronics, the current smooth progress may be only "Long March" the first step. A total investment of up to 24.5 billion yuan photovoltaic 8.5-generation LCD panel project can quickly achieve profitability, is the only criterion to determine the success of the project, and during this period, with huaxing 50% shares of the Deep Technology Investment Co., Ltd. also exits the problem.　　It is still not easy for Tcl, which has a yearly income of less than 50 billion yuan, to manipulate such huge investments. Perhaps based on this, Li has repeatedly to the domestic mainstream television manufacturers to extend the cooperation of the "hydrangea."　　This May 7, Li also specially borrow Shenzhen photoelectric show week opening, fete Skyworth, Hisense, Changhong, Konka and other business executives, invited them to invest in huaxing photoelectric, but the color TV manufacturers to invest in the upstream panels have ideas. In fact, Li want to solve is not only the capital of huaxing photoelectric problem, more important is to solve China starlight, downstream partner supply problem.　　The annual output of the Shenzhen 8.5-generation project is to achieve 120,000 pieces of glass substrate per month, with an annual output of 26 inches to 32 inches, 46 inches and 55 inch LCD TV modules of about 17.5 million. Although He Chengming has previously said that, even if no other downstream partners, with Tcl's own LCD TV sales growth, can digest huaxing photovoltaic capacity of a large part. "According to huaxing PV capacity, Tcl may be able to digest 60%。　　"He Chengming said.　　In the first half of this year, TCL Group flat-screen TV sales of 3.254 million units, if according to Li said this year will sell 8.5 million LCD TVs and 30%-year growth rate calculation, 2011 sales may reach 11.05 million units, 2012 may reach 14.36 million units of scale. However, the above figures and statements are the most ideal figures and statements.　　Because TCL will not be able to produce only 26-inch to 32-inch, 46-inch and 55-inch 4-gauge LCD TVs, otherwise its market competitiveness would be greatly weakened. "including 6 generation line, 7.5 generation line and 8.5 generation line, including high generation LCD panel production line, each have different most economic cutting size, in the market performance is a complementary relationship."　　Insiders pointed out that from the global trend of color TV market, the global next year also need to add four or five 8.5-generation panel lines to meet demand. From this point of view, for huaxing photoelectric search downstream customers, but also become TCL8.5 generation line future success of the key factors.　　Otherwise, the current customer shortage of Sichuan Changhong plasma Project, is the best TCL8.5 generation line precedent. "If there is a stable supply of liquid crystal panels, TCL will independently develop EMS (Electronic manufacturing service provider) business." "Li August 27," the first financial daily said, in addition to the communications business in the expansion of ODM business, TCL Multimedia is also in the test water ODM business.　　In early July, TCL and Toshiba set up a joint venture-Toshiba Video Products company, not only in charge of Toshiba television sales in the country, but also for Toshiba TV Export Foundry. Compared to the ODM business, EMS business is not only the same as the development and manufacturing capabilities, but also to provide customers with supply chain integration and logistics services, its value-added, namely profitability in the foundry business is the highest. Whether Tcl Future "Topsy" EMS is still unknown.