998 million yuan, BOE plans to invest in BOE Huacan

BOE Huacan Optoelectronics announced that due to business development needs, BOE plans to subscribe in cash for no more than 97.9392 million shares issued by the company to it. The issue price is 10.19 yuan per share, and the total subscription funds will not exceed 998 million yuan.

At present, this matter has been reviewed and approved by the BOE Huacan Board of Directors, but it still needs to be reviewed and approved by the BOE Huacan Shareholders' Meeting, reviewed and approved by the Shenzhen Stock Exchange, and approved by the China Securities Regulatory Commission for registration.

This full subscription is another key strategic increase after BOE takes control of Huacan Optoelectronics. It will not only further consolidate its holding position and deepen the synergy of the industrial chain, but also an important measure for BOE to continue to increase its investment in the Micro LED track and improve the layout of high-end display chips.

■ BOE Huacan’s Micro LED project welcomes progress

Since BOE took control of BOE Huacan, it has focused on Micro LED wafer manufacturing and packaging testing base projects. Recently, BOE Huacan’s Micro LED wafer manufacturing and packaging testing base technology transformation project has been accepted for environmental impact assessment.

The reconstruction project this time is to cancel the 35,300 4-inch Micro LED wafer sets (105,900 pieces) and adjust it to 72,000 6-inch Micro LED wafer products, further increasing the number of high-end Micro LEDs.

The announcement stated that the project has now formed facilities with a production capacity of 23,500 MicroLED wafers and 18,000kk MicroLED pixel devices, as well as the approved public auxiliary projects and environmental protection facilities.

According to previous information, the first phase of BOE Huacan's Zhuhai Micro LED wafer manufacturing and packaging testing base (with a total investment of 2 billion yuan) has been put into production in November 2024. Environmental protection acceptance and batch shipments will be completed in April 2025. It is the world's first 6-inch Micro LED mass production line, and the current yield rate continues to climb.

Large-scale 6-inch Micro LED technology transformation and mass production implementation cases will accelerate the shift to the mainstream of 6-inch mass production, providing stable and cost-effective chip supply for AR/VR, automotive, high-end commercial display and other applications.

BOE Huacan is an important part of BOE's MLED strategy. After the completion of this private placement, BOE will further realize independent control of technology, production capacity, and supply chain by leveraging the synergy capabilities of the entire industry chain. This not only strengthens Micro LED mass production delivery and cost optimization capabilities, but also relies on multi-scenario technology reuse to open up long-term growth space for the industry.

END

Table of contents (the final table of contents shall be subject to the released version)

Chapter 1 LED display COB/MIP industry summary

Chapter 2 COB market and technology progress

2.1 COB market progress analysis

2.2 COB technology progress analysis

Chapter 3 MIP market and technology progress

3.1 MIP market progress analysis

3.2 MIP technology progress analysis

Chapter 4 COB/MIP technology route relationship and trend analysis

4.1 Comparison of technical routes and analysis of advantages and disadvantages of COB and MIP

4.2 Analysis of competition intersection and complementary markets of COB and MIP

4.3 Analysis of future development possibilities of COB and MIP (several situations, respective required conditions)

Chapter 5 Analysis of product specifications and application scenarios

5.1 Analysis of COB product specifications and application scenarios

5.2 Analysis of MIP product specifications and application scenarios

Chapter 6 Production Capacity Structure and Trend Analysis

6.1 COB Production Capacity Structure Analysis

6.2 COB Production Expansion Trend Analysis

6.3 MIP Production Capacity Progress Analysis

Chapter 7 Market Demand and Trend Analysis

7.1 COB Shipment Analysis

7.2 MIP Shipment Analysis

7.3 COB/MIP Supply and Demand Situation and Trend Analysis

Chapter 8 Price and Cost Analysis

8.1 COB price and cost analysis

8.2 MIP price and cost analysis

Chapter 9 COB/MIP output value and trend analysis

9.1 COB output value and trend analysis

9.2 MIP output value and trend analysis

9.3 MLED penetration rate and trend analysis in the LED display industry output value

Chapter 10 Enterprise market share analysis

Chapter 11 Analysis of key enterprises

Chapter 12 Core equipment and materials of the production line

Appendix Expert opinion

Related reading:

The total investment exceeds 2 billion, and the progress of the two major MLED projects has been refreshed

BOE Huacan: 0202 and 0303 MPD products have been mass-produced and delivered

Your likes are the driving force for our progress!

Experts say Display. Swipe up to see the next one.

Experts say Display. Write a message and select the message identity.