Layout OLED industry chain, LIAN photoelectric intends to set up 200 million subsidiaries

10 evening, LIAN photoelectric announced that according to the company's industrial development plan, based on the LED backlight industry, in order to increase the company's new profit growth point and advance the layout of the OLED industry chain, the company intends to invest 200 million yuan to set up a wholly owned subsidiary, Jiangxi Union Europe micro display Co., Ltd. (hereinafter referred to as "United Europe micro"). Display).

According to the announcement, United Europe micro display registered capital of RMB 200 million yuan, engaged in research and development, production and sale of high precision metal mask.

LIAN photoelectric said that through the establishment of a wholly owned subsidiary of the European Union micro display, the company can expand the industrial chain, open the OLED market, become a OLED core material manufacturer, contribute to the company's new profit growth point, and at the same time enhance the tight density and stickiness of the company's existing LED backlight customers, so as to further enhance the company. The comprehensive strength and overall profitability of the company can promote long-term sustainable development of the company.

The same evening, LIAN photoelectric also issued a notice, the company intends to invest 437 million 860 thousand yuan to build 48 thousand annual high-precision metal mask template project, the implementation of the main body for the United Europe micro display. The project is renovated in the standard workshop built in the airport economic development zone of Ganjiang New District, Nanchang City, Jiangxi province. The workshop is renovated and renovated 15000 square meters. The construction period is 36 months, and it is implemented in two phases. The first phase of the plan is to produce 24 thousand high precision metal mask blocks annually. The plan is to be put into operation in August 2020. The second phase of the plan will produce 48 thousand high precision metal mask templates annually, and the plan will be put into operation in August 2021. The annual average sales income of the project reached 700 million yuan, the annual total profit was 154 million 10 thousand and 600 yuan, and the investment recovery period (including construction period) was 4.37 years (after income tax).

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