Shanghai radio and television to sell its CPT business bet tablet industry

"CPT business for more than half a year has been the huge loss, which is the direct reason we further into the tablet industry resource integration." According to Shanghai radio and television electronics Limited by Share Ltd (600602.SH, hereinafter referred to as "SVA") to sell the house property and the Shanghai Yongxin color picture tube company (hereinafter referred to as "Shanghai Yongxin") equity issue, yesterday, the securities affairs representative Zhou Qishun of the "First Financial Daily" said.

SVA announced on 12 may, will sell a subsidiary of Shanghai Yongxin all 45% stake to the parent company of Shanghai broadcasting group (600637.SH, hereinafter referred to as "SVA"), and will be held by the Shanghai house real estate 30% stake and Shanghai electric group. Zhou Qishun explained that the real estate equity valuation of 450 million yuan, since has invested $200 million, so the actual income of about $250 million. The reporter was informed that the transfer price of equity in Shanghai, Yongxin, on the basis of net asset value, refer to the specific profit and loss assessment.

SVA third season had huge losses. The company attributed the loss to the holding subsidiary of Shanghai, Yongxin, compressed inventory, production decline and product sales prices fell. The reporter learned that, from January to September, SVA overall loss has reached 478 million yuan.

"Because of the traditional TV basic unprofitable, since this year, the majority of manufacturers of color kinescope suffered losses, we have the huge loss of 280 million yuan." Zhou Qishun said. Shanghai Yongxin Marketing Manager Wu Jun last week in the "color TV price trends Forum" to the reporter excitedly said, "a line of CPT profits is not a shirt of township enterprises, but also to do what to do! Yongxin at the beginning of the CPT inventory to now have about 17000000 (branch)! You know, the digestive process is painful."

Zhou Qishun said that the CPT loss is the direct reason to further SVA tablet industry, and the sale of house property is the need to integrate resources, the company will focus on the future, SVA FPD industry. The reporter was informed that the Shanghai Yongxin is the largest Chinese CPT manufacturers, has built five CPT production line. In 2004, with the house property total revenues accounted for 80.64% of the total revenue of sva.

In fact, SVA already involved in the flat panel industry. In recent years, through cooperation with Matsushita, SONY, Samsung, has set up a joint venture more than flat industry, of which Shanghai Suoguang image company has developed into the largest plate production enterprises of SONY in china. The major shareholder of SVA, Shanghai real estate group, the real company, Shanghai belling and other famous company.

Zhou Qishun also denied that the SVA will invest $6 billion for the tablet industry news. "That is the total investment plan of Shanghai flat panel display base, we are just one of them. Moreover, this investment plan, but also foreign companies." As for the SVA in which the proportion of investment, Zhou Qishun said is not clear.

Flat plate industry has become China's "11th Five-Year" during the development of advanced manufacturing priority. 9, 2009, Shanghai flat panel display industry base officially inaugurated in Shanghai, Xhenzhuang. According to the plan, Shanghai will be more than the base of radio as a leader, has been put into operation around the SVA NEC, the development of the downstream upstream of TFT-LCD supporting enterprises, such as liquid crystal display of the whole enterprise, and in the future to build 2 TFT-LCD panel factory. The base master plan for the investment of $6 billion, of which foreign investment attracted $2 billion 500 million target.