total investment of 55 billion yuan! visionox plans to invest in the construction of 8.6-generation amoled production line with the hefei government
2024-08-30
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visionox ic data map
visionox technology co., ltd. (hereinafter referred to as "visionox", 002387) plans to cooperate with the hefei municipal people's government to establish and operate a production line with a total investment of 55 billion yuan.
on august 29, visionox announced that according to its strategic plan, the company intends to establish and operate an 8.6th generation flexible active matrix organic light-emitting display device production line to engage in the research and development, production and sales of medium-sized amoled related products. the hefei municipal people's government recognizes that this project is of great significance to hefei's continued creation of a new display industry cluster with international competitiveness, and hopes to introduce and support this project.
"after friendly negotiations, the two parties intend to sign the "hefei 8.6th generation flexible active matrix organic light emitting display (amoled) production line project investment framework agreement" (hereinafter referred to as the "investment framework agreement"). the investment framework agreement stipulates that the two parties will cooperate to establish/invest in a project company in hefei xinzhan high-tech industrial development zone to implement the investment, construction and operation of the project." the announcement further pointed out that "the total investment amount of the project is 55 billion yuan, of which 33 billion yuan is equity investment and 22 billion yuan is debt financing."
visionox stated in the announcement that in order to promote the implementation of this project as soon as possible, the company, based on the main contents of the "investment framework agreement", negotiated with hefei jianxiang investment co., ltd. (hereinafter referred to as "party a" or "hefei jianxiang investment") and hefei xincheng holding group co., ltd. (hereinafter referred to as "party b" or "hefei xincheng") on the "hefei 8.6th generation flexible active matrix organic light-emitting display device (amoled) production line project investment cooperation agreement" (hereinafter referred to as the "investment cooperation agreement") and reached an intention.
the announcement shows that the "investment cooperation agreement" stipulates that all parties agree to cooperate in the investment and construction of this project, and use visionox's wholly-owned subsidiary "hefei guoxian technology co., ltd." (hereinafter referred to as "hefei guoxian") as the investment, construction and operation platform for the production line project.
"the total investment in the project is 55 billion yuan, with an initial registered capital of 2 billion yuan. hefei jianxiang investment and hefei xincheng invested a total of 1.6 billion yuan (80%), and visionox invested 400 million yuan (20%)," the announcement said.
the announcement further pointed out that all parties agreed to pay the capital in installments in the same proportion according to the needs of the project construction, and the subsequent capital will be raised by the project company in accordance with legal provisions and project needs. visionox waived part of its priority subscription rights, and after the completion of the first phase of capital increase, hefei guoxian will no longer be included in visionox's consolidated financial statements.
the announcement shows that the actual controller of hefei jianxiang investment is the state-owned assets supervision and administration commission of hefei municipal people's government, which holds 100% of its shares.
the actual controller of hefei xincheng is the finance bureau of anhui hefei xinzhan high-tech industrial development zone (office of the state-owned assets supervision and administration commission), which holds 100% of its shares.
after the relevant capital increase is completed, hefei guoxian, the investment, construction and operation platform of the production line project, will reduce its shareholding ratio in visionox from 100% to 20%, while hefei jianxiang investment and hefei xincheng will hold 80% of the shares.
visionox stated in the announcement that the source of funds for the company's investment is the company's own or self-raised funds. the construction period of this project is relatively long, and the registered capital will be invested in phases according to the progress of the project construction. it will not have a significant impact on the company's financial condition, operating results and cash flow in the short term. the impact on the company's financial condition and operating results in future fiscal years will depend on the progress and implementation of specific projects.
according to the official website, visionox is an innovative supplier of new display overall solutions. the company was founded in 2001 and its predecessor was the oled (organic light emitting display) project team of tsinghua university established in 1996.
the company has been focusing on oled business for more than 20 years and has developed into a global oled industry enterprise integrating r&d, production and sales. it has supplied batches to many first-line brand customers at home and abroad, and its products are widely used in consumer electronics, industrial control instruments, finance, medical, automotive, communications and other fields.
on the evening of august 29, visionox also released its 2024 semi-annual report. during the reporting period, the company's operating income was 3.933 billion yuan, a year-on-year increase of 46.05%; the net profit attributable to shareholders of the listed company (hereinafter referred to as "net profit") was -1.177 billion yuan, and the loss narrowed by 28%.
as of the end of the reporting period, visionox's total assets were rmb 40.755 billion, an increase of 4.25% from the end of last year.
in terms of equity, the announcement shows that as of the end of the reporting period, there were three shareholders with a shareholding ratio of more than 5% in visionox. among them, tibet zhihe technology development co., ltd. is the company's largest shareholder, with a shareholding ratio of 19.24%.
hefei jianshu investment co., ltd. is visionox's second largest shareholder, with a shareholding ratio of 11.51%, also exceeding 10%; kunshan economic and technological development zone collective asset management co., ltd. holds 9.48%.
according to dazhihui vip, as of the close of august 29, visionox closed at 5.98 yuan per share, up 3.46%.
tian zhongfang, senior reporter of the paper
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