Changjiang Commercial Daily News Reporter Li Qiguang of Changjiang Commercial Daily
After setting 2022 as a tough year for the company's transformation and upgrading, Vogel Optoelectronics has continued to increase its new production capacity.
Recently, Vogel Optoelectronics (603773.SH) announced that the company and its holding subsidiary Shenzhen Huichen and Tianmen High-tech Investment recently jointly invested in the establishment of Hubei Huichen.Among them, Vogel Optoelectronics subscribed for 46 million yuan, accounting for 20% of the registered capital.
According to Voge Optoelectronics, Hubei Huichen will be the main body to invest in the construction of Mini LED backlight modules and high-end LCD backlight modules. The total investment of the project is expected to be no less than 2 billion yuan.
Some institutions predict that by 2024, the global Mini LED market is expected to increase from US$150 million to US$2.32 billion, and will achieve a rapid growth of 15 times in the next three years.
Vogel Optoelectronics is pinpointing this opportunity to continue to expand production. According to Yi Weihua, chairman of Vogel Optoelectronics, the company's flexible glass touch sensor and ultra-thin AG glass are expected to be put into mass production in the second half of this year.
It is planned to invest 2 billion to build a backlight module project
On the evening of June 20, Voge Optoelectronics announced that the company and its holding subsidiary Shenzhen Huichen Electronics Co., Ltd. ("Shenzhen Huichen") and Hubei Tianmen High-tech Investment Development Group Co., Ltd. ("Tianmen High-tech Investment" for short) ) recently jointly established Hubei Huichen Electronics Co., Ltd. (“Hubei Huichen”) in Tianmen City, Hubei Province.
According to the announcement, the registered capital of Hubei Huichen is 230 million yuan.Among them, Tianmen High-tech Investment, Vogel Optoelectronics and Shenzhen Huichen subscribed for 161 million yuan, 46 million yuan and 23 million yuan respectively, accounting for 70%, 20% and 10% of the registered capital respectively.
The announcement shows that the establishment of a joint venture company Hubei Huichen with Tianmen High-tech Investment this time mainly relies on the regional and policy advantages of Tianmen City, as well as the technical and customer advantages owned by Vogel Optoelectronics and Shenzhen Huichen Company, and takes Hubei Huichen as an investment. , construction, production and operation entities, invest in the construction of Mini LED backlight module and high-end LCD backlight module projects. The total investment amount of the project is expected to be no less than RMB 2 billion, and the project construction period is 18 months.
Voge Optoelectronics said that through this project, the production capacity of three major business segments, Mini LED backlight module, vehicle notebook backlight, and LCD assembly backlight will be formed, and the production capacity layout of the Mini LED industry chain will be rapidly formed and improved.
In addition, industry and commerce information shows that Vogel Optoelectronics and Tianmen High-tech Investment recently jointly invested in the establishment of Hubei Tongge Microcircuit Technology Co., Ltd. (referred to as "Hubei Tongge Micro") in Tianmen City, Hubei Province.The registered capital of Hubei Tonggewei is 120 million yuan.Among them, Tianmen High-tech Investment subscribed to contribute 84 million yuan, accounting for 70% of the registered capital; Vogel Optoelectronics subscribed to contribute 36 million yuan, accounting for 30% of the registered capital.
In the year of transformation, increase investment in new projects
After years of core technology R&D reserves and accumulation, Vogel Optoelectronics has further consolidated its leading position in the FPD photoelectric glass finishing business (thinning, coating, cutting) and ultra-thin glass processing business.
The data shows that in the first quarter of 2020, 2021 and 2022, Vogel Optoelectronics' operating income was 604 million yuan, 1.050 billion yuan and 356 million yuan respectively, a year-on-year increase of 15.23%, 73.80% and 88.64% respectively.
Some institutions predict that by 2024, the global Mini LED market is expected to increase from US$150 million to US$2.32 billion, and will achieve a rapid growth of 15 times in the next three years.
At present, Vogel Optoelectronics has overcome the core technical difficulties of Mini LED glass base, and has successfully acquired three subsidiaries of Huichen Electronics, Xingwei Technology and Beijing Baoang in 2021, and has the whole industry chain of Mini LED direct display and backlight module. technology and production capacity.
In addition to the signing of the Mini LED project in Tianmen, Hubei, in February, Voge Optoelectronics announced that it plans to establish Jiangxi Dehong Display Technology Co., Ltd. and invest 1.65 billion to build a glass-based Mini/Micro LED substrate production project, which will be realized after the project is completed. With an annual output of 5.24 million square meters of Mini/Micro LED substrates, it is expected to achieve partial mass production in the second half of this year.
In April, Voge Optoelectronics announced the signing of a strategic cooperation agreement with Zhongqi Optoelectronics, which stipulates that within five years, Zhongqi Optoelectronics will purchase glass substrates from Vogel Optoelectronics, with an amount of no less than 800 million yuan.
Recently, Yi Weihua, chairman of Voge Optoelectronics, said that 2022 is a critical year for Voge Optoelectronics’ transformation and upgrading.
Yi Weihua introduced that the 50-90 micron ultra-thin sonser has been mass-produced in 2019.The flexible glass touch sensor and ultra-thin AG glass have been recognized by world-renowned companies and are expected to be put into mass production in the second half of this year.
