Huaxing Huaxing is a wholly-owned subsidiary of Huaxing Optoelectronics, TCL Industrial Park is a wholly-owned subsidiary of TCL Group, TCL Group, the recent completion of the purchase of 10.4% stake in Huaxing Optoelectronics, will hold 85.71% stake in Huaxing Optoelectronics Currently Huaxing PV production Two 8.5-generation line and one 6-generation line, and is building the 11th generation line and the second 6th generation line. There are two 8.5-generation lines and one 11-generation line in Shenzhen, mainly producing TV panels. In Wuhan, the Company mainly produces small-size panels such as mobile phones. In terms of overall screen, the research and development of Wuhan Huaxing full-screen products is in progress and mass production is achieved in the fourth quarter.
According to the disclosure, the investment in Huizhou Zhong Kai High-tech Industrial Development Zone building module integrated intelligent manufacturing industry base - Huaxing high-generation modules of sub-projects, mainly to do LCD TV display module, LCD display module Group and other terminal module products, construction area of about 598000 square meters, of which about 363000 square meters, two about 235000 square meters.
The project is expected to complete the first phase of construction in 2019 and reach an annual production capacity of 40 million LCD panels of various sizes. The second phase construction will be completed in 2021 to reach an annual production capacity of 60 million LCD panels of various sizes. After the completion of the project as a whole , Will become the highest generation of Huaxing LCD G11 and G8.5 generations on behalf of the line supporting the plant, but also for the machine manufacturers across the region to provide high-quality LCD module.
TCL Group said that the semiconductor display industry is one of the strategic emerging industries to speed up the cultivation and development in the "National Thirteenth Five-year Plan" and is an industry that the country energetically develops and supports. The investment and construction of this project will upgrade and transform the entire information industry of the Company, and the industrial structure Upgrading and transformation of economic growth are of great significance in the vertical layout of the semiconductor company in an important part of the overall completion of the project to further enhance the Huaxing photoelectric in the new semiconductor display industry's strength at the same time, Supply chain support to achieve the module and the whole machine integrated intelligent manufacturing, significantly enhance the company's smart terminal manufacturing efficiency, enhance TCL Group TV upstream and downstream industries competitiveness, stability and enhance market position, and lay the foundation for the company's development strategy.