Changchun liquid crystal display (STN-LCD) project investment

The following items are valid for three months and the starting date is the date of the project. Products and services: high precision super twisted nematic liquid crystal display (STN-LCD) project by the Chinese Academy of Sciences Changchun Optical Precision Machinery Research Institute of science and technology, economic and Technological Development Corporation Changchun construction (Group) Limited by Share Ltd, Semicon Engineering Co.Ltd, the South Korean Limited by Share Ltd Dalian Daxian four companies according to domestic and foreign mobile phone, PDA, car, intelligent network telephone etc. the end product market demand for product development, the formation of China's first substrate size is 0.3mm thick, the line between the precision of 10 micron high finesse STN-LCD production line. Target products for the STN-LCD screen, high resolution monochrome STN module, high-resolution color STN module. Has invested $48 million, 21000 square meters of factory buildings, office buildings have been completed; the Japanese STN-LCD line manufacturing equipment has been installed and adjusted; Losangeles has been in the United States, South Korea, Shanghai, Beijing, Seoul China established marketing agency and obtained a large number of orders; in July 2002 the official production, year sales revenue of $10 million. Products and market size: the scale of production: single / color STN screen of 100 thousand square meters / year; single / color module 21 million / year. Construction site: Changchun economic and Technological Development Zone photoelectron Industrial Park, covers an area of 35000 square meters, construction area: 21000 square meters. The product target market for mobile phone, PDA, car monitor intelligent communication terminal, according to the survey, in 2003 the domestic mobile phone market STN products demand up to $360 million, especially the color STN screen will be the mainstream mobile phone market demand in 2003, so far, the domestic color display industry production capacity of almost STN zero, the project in 2003 the domestic market share has reached 5%-10%. Financing: the total investment of the project: $60 million, including $55 million investment in fixed assets, working capital of $6 million. Form of investment: China to plant, equipment, technology investment; foreign investor to cash. Mode of cooperation: joint venture. Financial forecast: the annual sales revenue of $150 million, profit $20 million.