TCL plans to acquire a 30% stake in Huaxing Optoelectronics for 3.18 billion yuan

Recently, TCL Group Chairman Li Dongsheng revealed at the TCL Group's 2012 Annual Report Interpretation that it will repurchase Shenzhen SASAC's subsidiary company in accordance with the previous agreement with the Shenzhen Municipal Government to launch the Huaxing Optoelectronics 8.5-generation LCD panel production line within five years. Superstar held a 30% stake in Huaxing Optoelectronics, and on March 1, the Shenzhen Stock Exchange website has already announced the 30% equity transfer of Huaxing Optoelectronics.

According to the announcement, the price of 30% equity held by Shenzhen Chao Technology Investment Co., Ltd. is 3.181 billion yuan, which is a certain premium to the 3 billion yuan invested by Shenzhen State-owned Assets Supervision and Administration Commission. It is reported that before the Shenchao Technology Investment has transferred 5% and 15% of Huaxing Optoelectronics shares to TCL Group and Samsung Electronics Co., Ltd. at a price of 500 million yuan and 1.5 billion yuan.

Previously, the Shenzhen State-owned Assets Supervision and Administration Commission invested 5 billion yuan from Shenchao Technology Investment as the registered capital of the project, and solved the problem of the initial fund. However, at the time, Shen Zhongyou, chairman of the company, said that the Shenzhen area was mainly supported by the horse. Send a trip, but these funds are state-owned assets, must be preserved and value-added and recovered within 5 years.

However, TCL Group decided to buy back after Huaxing Optoelectronics was put into production just over a year later, which is inseparable from the improvement of Huaxing Optoelectronics' performance. As a result of the industry's recovery in September last year and the stimulation of domestic energy-saving and subsidized financial subsidies, Huaxing Optoelectronics' 32-inch panels began to be in short supply, achieving operational profitability. The annual sales revenue reached 7.268 billion yuan and the net profit reached 318 million yuan.

"In 2013, the balance of supply and demand of global LCD panels will be maintained, and the profitability of Huaxing Optoelectronics will be enhanced after the product structure adjustment. At this time, the repurchase will have a positive effect on the improvement of TCL Group's performance." Li Dongsheng said.

Regarding the exit of the Shenzhen Municipal Government, some insiders told reporters that “on the one hand, Huaxing Optoelectronics may suffer losses due to fierce competition in the industry after 2014, which may result in damage to state-owned assets. In addition, there have been different opinions in the cooperation between the two parties over the past three years. The departure of He Chengming, the former CEO of Huaxing Optoelectronics, is reported to be related to the contradictions between the two sides."

AD8 Floating Solar Cable

AD8 standard floating Solar Cable is a kind of equipment used for floating photovoltaic power generation. It consists of photovoltaic cells that convert solar energy into electricity. The device is designed to float on the water, while it can be fixed to the water by a buoy and anchorage device to prevent drifting.

AD8 standard floating solar cable has the following characteristics:

1. Efficient use of solar energy: photovoltaic cells can convert solar energy into electricity to achieve efficient power generation.

2. Environmentally friendly: photovoltaic power generation does not produce pollutants and greenhouse gases and is environmentally friendly.

3. Save land resources: Floating solar cable can use the space on the water surface, saving the use of land resources.

4. Strong wind and wave resistance: floating solar cable adopts stable design, has strong wind and wave resistance, and can operate normally in bad weather conditions.

5. Easy installation and maintenance: Floating optical cables are relatively simple to install and maintain, and can be quickly deployed and adjusted.

AD8 standard floating solar cable is suitable for a variety of water environment, such as lakes, reservoirs, rivers, etc. It can be used in power stations, farmland irrigation, drinking water treatment and other fields to provide local clean energy and power supply.

AD8 Floating Solar Cable,Solar Adapter Cable,Waterproof Solar Cable,DC Cable

Suzhou Yonghao Cable Co.,Ltd. , https://www.yonghaocable.com