Affected by this news, November 7, Shenzhen Textile A stock closed limit.
It plans to build a polarizer production line project
Notice, Shengbo Optoelectronics, Kunshan Chi Mei as a technical support object, and Nitto Denko on the polarizer manufacturing technology related to cooperation, by the Nitto Denko to provide technical support to the object of support. Jinjiang Group guarantee Shengbo Optoelectronics, Kunshan Chi Mei contract Book or technical support contract to perform the contract and bear the corresponding obligations, and Kunshan Chi Mei, Shengbo photoelectric bear joint and several liability.
It is understood that the agreed technology license fee of not more than 15 billion yen (equivalent to about 869 million yuan), by the wave of Optoelectronics (and its affiliates) and Kunshan Chi Mei (and its affiliates) each bear 50% And in accordance with the progress of cooperation with Nitto Denko in cash in yen.The contract is valid for 5 years from the date of signing, due to be negotiated whether to extend the validity period, technical support content and conditions.
"Daily Economic News" reporter learned that the introduction of Nitto Denko A textile technology, is intended to be prepared to build a width of 2500mm ultra-wide TFT-LCD polarizer production line project (hereinafter referred to as Line 7 project ).
According to Shenzhen Textile A strategic development plan, it intends to invest in the construction of Line 7 project through the way of "listed company + PE." Recently, the Ministry of Industry and Information Technology and Development and Reform Commission passed the No.7 line project special fund for the industrialization of national oversize television polarizers Application, and has approved 30 million yuan policy funding to support project construction.
Shenzhen Textile A said that the signing of this contract provides a reliable technical guarantee for the smooth implementation of the planned Line 7 project and will have a positive impact on the future oversized polarizer business of the Company and will bring about the synergies between the existing production lines of Shengbo Optoelectronics To develop and improve the production efficiency and profitability of Shengbo Optoelectronics, to grasp the development opportunities of the optical film industry such as polarizer, and to have no significant impact on the Company's operating results for FY 2017.
It is understood that Nitto Denko has the industry's most advanced polarizer manufacturing technology in 2016, Nitto Denko business revenue of 7930540000000 yen, a net profit of 81.683 billion yen, the overall gross profit margin was 30.86% .Shenzhen Textile A said, Once technical cooperation is reached with Nitto Denko, Nitto Denko will send experienced technical team to provide technical support for the project. Good technical ability can provide reliable technical support for the implementation of 2500mm polarizer production line project.
However, the reporter noted that Shengbo Optoelectronics and Kunshan Chi Mei in the same industry, and has the same shareholder that Jinjiang Group, there is cooperation and competition.It shows that Shengbo Optoelectronics and Kunshan Chi Mei, including from Nitto Denko and 2500mm Production line equipment, materials, ancillary facilities and engineering construction technology such as 'know how', supplier resources, customer resources formed by all the intangible assets to share.
In response to the above, the Daily Economic News reporter called A Textile Office of Shenzhen Textile A, staff told reporters that 'the leadership is not clear, do not know the specific issues, temporarily unable to respond.'
Polaroid demand showed a higher growth rate
"Daily News" reporter learned that the polarizer is the LCD panel, one of the three key raw materials, accounting for about 10% of panel costs, and the panel is larger, the higher the proportion of the polarizer cost. And with the panel Plant rapid growth, 8.6 on behalf of line next year, 10.5 on behalf of the production capacity of the line opened one after another, will create a huge demand for polarizers.
The report of A2017 of Shenzhen Textile Industry shows that the large-scale and high-speed intensive new production line in China has brought a broad market space and the demand for polarizer has also shown a high growth rate. At present, China has put into operation the low-generation LCD production line as 19, a total capacity of 2.563 million / month, has been put into production for more than 8.5 generations of high-generation LCD production line 8, a total investment of 211.7 billion yuan, with a total capacity of 720,000 / month, under construction and plans to build high-generation LCD production line A total of 8, after the completion of a total capacity of 840,000 / month.
Research Report also pointed out that the current domestic polarizer accounted for less than 40% of domestic demand, to 2019 self-sufficiency rate is expected to increase to 65%, is expected to 2019 by the domestic panel plant TFT-LCD Polaroid demand of about 185 million square meters, OLED polarizers demand of about 9.58 million square meters, and almost all incremental demand; and 2019 domestic manufacturers capacity planning to supply only 120 million square meters, there is a big gap between supply and demand .
It is understood that the global polarizer manufacturers are mainly concentrated in Japan, South Korea, China, including Japan's Nitto Denko, Sumitomo Chemical and South Korea's leading LG polarizer market, the three companies in 2016 market share were 26%, 21% 27%.
Group intelligence consulting analyst Zhang Hong told the "Daily Economic News" reporter, 'ultra wide polarizers are mainly used in TV large size panels (55 inches and above). In fact, with the 10.5 generation line (mainly to do 65 inches , 75-inch panel) production, the ultra-wide TFT-LCD polarizer demand will be more and more.Shobo photoelectric and Nitto Denko this cooperation to build ultra-wide polarizer production line, I think it is To a large extent, it is also optimistic about the mass production of 10.5-generation capacity.