TCL Holding Deep Textile Huaxing Optoelectronics Is Expected To Backdoor Listing

< p > after denying the news of Hua Xing photoelectric, a subsidiary holding company, that it will take part in some shares of Shenzhen a target= "_blank" href= "http://www.91se91.com/" > textile "/a" group, on Monday, TCL group and Shenzhen textile announced that TCL intends to acquire 26% stake in Shenzhen textile. Once the acquisition is successful, TCL will become the largest shareholder of Shenzhen textile. < /p >
< p > public information shows that the main business of Shenzhen Textile Group is the research and development, production and marketing of polarizer for LCD display. Last year's annual report shows that in 2013, the income of Shenzhen textiles was 1 billion 130 million yuan, an increase of 33.84% over the same period last year, and net profit of 47 million 220 thousand yuan, an increase of 158.31% over the same period last year. Among them, the revenue of Polaroid business is about 596 million yuan, accounting for 52.68% of its operating revenue. Last year, Shenzhen textile began to supply polarizer to Huaxing photoelectric, Longteng photoelectric and Shenzhen ultra photoelectric. The products are also ready to import BOE and China panda. Among them, Huaxing photoelectric is the second largest customer and the largest customer of polarizer sales. Last year, the purchase amount was 220 million yuan, accounting for nearly 20% of the total annual sales volume of Shenzhen textile. < /p >
< p > 17 last month, Shenzhen textile announced that the controlling shareholder Shenzhen Investment Holdings Company Limited intends to transfer the 26% to 29% stake of the listed company by way of publicly collecting the transferee, and the receiving party will become the new controlling shareholder of Shenzhen textile. At that time, some media reports pointed out that it was very likely that Huaxing optoelectronics was the recipient of deep textile shares. However, on the 18 day, TCL stopped trading for one day, and issued a clarification announcement that it will not participate in bidding for the transfer of Shenzhen textile shares. < /p >
< p > TCL said that in order to further improve the layout of the flat panel display industry chain, it is proposed to participate in the purchase of some of the shares of Shenzhen textile company's deep textiles. TCL group's announcement indicates that from the international mainstream TFT-LCD manufacturers, Samsung, LG, Chi Mei, and other major TFT-LCD manufacturers have entered the Polaroid industry. Through this transaction, we can further improve the company's vertical layout in the flat panel display industry chain, enhance the company's control over TFT-LCD's key materials and parts, and lay a good foundation for the company to further develop and strengthen the flat panel display industry. < /p >
< p > the industry also has analysis that TCL's acquisition of deep textile shares does not exclude the possibility of splitting the listing of China Star photoelectric deep textile. When Hua Xing photoelectric started its two phase project last year, there was media coverage that "insiders said that Huaxing had plans to spin off the market." Huaxing optoelectronics did perform well. Last year, it achieved full sales, with sales revenue of 15 billion 530 million yuan and profit of 2 billion 260 million yuan, up six times compared to the same period last year, and contributed 78% of TCL group's net profit. < /p >
< p > the first quarter of this year, Huaxing optoelectronics has also maintained a good momentum of development. According to "a href=" http://www.91se91.com/news/index_c.asp "TCL" < /a > Group announced on Tuesday the main products sales announcement March, Huaxing photoelectric first quarter LCD glass substrate input volume 368 thousand, an increase of 19.5% over the same period, achieve LCD TV panel and module products sales total 5 million 743 thousand pieces. In March, the investment volume was 121 thousand, an increase of 13.4% over the same period last year, and the total sales volume of LCD TV panel and module products totaled 2 million 241 thousand. < /p >
< p > in fact, not only is Huaxing photoelectricity, but the sales volume of TCL's main business products has achieved a good growth in the first quarter, and the sales volume of its LCD TV (including commercial display) has reached 4 million 14 thousand units, and the sales volume of smart TV has reached 720 thousand units, an increase of 21.8% over the same period. Smart phone sales reached 6 million 316 thousand units, up by 334.5% over the same period last year. In the meantime, TCL launched the strategy of "double plus" to transform to the Internet. It emphasized "intelligence + Internet" and "product + service". Last month, TCL multimedia announced that it had entered the video game. On Wednesday, TCL will also issue the flagship a href= "http://www.91se91.com/news/index_s.asp" in the spring. < /p >