The announcement shows that the total investment of the project is about 9.6 billion yuan, of which 7,845 million yuan will be invested by Huaxing Huaxing and 1.855 billion yuan will be invested by TCL Industrial Park, all of which are controlled subsidiaries of TCL. The project is expected to complete the first-phase construction in 2019 and achieve an annual output of LCD panels of various sizes 40 million production capacity; 2021 to complete the second phase of construction, reaching an annual output of 60,000 LCD panels of various sizes of production capacity.
As the best asset of TCL, Huaxing Power has been receiving more and more market attention.TCL said in the report that it will continue to focus on leading industries and adjust its business structure, and plans to use the Group as a financing platform for Huaxing Power and retains a few assets with low profitability Business.Thus, the future of semiconductor display business will become TCL's main source of revenue and profits, the company to strengthen the layout of the semiconductor display industry has a strategic coherence.At the same time, TCL is undergoing private placement of the remaining shares of Huaxing will be The actual holding of 100% Huaxing Power, will undoubtedly gradually get rid of the market for its original integrated appliance group's market position.