Chapter 1392 BOE, which is advancing by leaps and bounds

   With the personal assurance and promise of Xia Jingxing, Huang Hongsheng and his wife left with satisfaction.

  Xia Jingxing personally gave the two of them a ride out of courtesy.

   As soon as he sent the two out of the office, he stopped after the couple's resignation and did not continue to send each other.

   Looking at the couple who left happily, Xia Jingxing couldn't help shaking his head.

   The other party jumped out of the platform of Fuxing Industry to start a second business, which is actually good, lest something unbearable happen in the future.

  If the other party is honest and responsible, he will naturally not be short of the dividends and corporate development dividends that should be given to them.

   However, Huang Hongsheng's decision to build a car still evoked some memories in his heart.

If he remembers correctly, the home appliance king did not make a slogan or make a PPT, but first acquired Jinling Jinlong, an old bus manufacturer, and then fully transformed it into electrification, and quickly developed into a company comparable to BYD. , Yutong Bus, a pure electric bus manufacturer whose sales are in the leading position in the industry... Later, it entered pure electric passenger cars and commercial vehicles.

  Xia Jingxing felt that Huang Hongsheng didn't tell himself the truth. How many thousands of pure electric buses can be sold a year?

  The home appliance king wants to fulfill his dream of being a car king, but he will eventually enter more automobile fields, so that he can sell more cars and make a big enough industry plate.

   In his previous life, Huang Hongsheng once said that "a car is a home appliance with wheels", and it seems that he did not pay much attention to the difficulty of building a cross-border car.

   But the result is not very ideal.

   In a few years, new energy vehicles will be a huge outlet, attracting overlords from all walks of life such as home appliance giants, mobile phone giants, Internet giants, and real estate giants to join in this industry, for fear of being late and unable to catch a hot one.

   But most companies are destined to become cannon fodder. Interlacing is not just talk, and the timing of entry is also crucial.

Xia Jingxing dispelled the thoughts in his mind, Huang Hongsheng can play whatever he likes, he can't control it, but he still wishes the other party to build a car successfully, so that Fuxing Industry can sell more lithium batteries, car chips, automatic driving technology, and increase the car system system. installed capacity.

   As for whether it will pose a huge threat to the revival car in the future? He believes not, he still has this confidence.

   went back to the office and sat down, Xia Jingxing opened his work mailbox and started to handle today's official business.

   Suddenly, he saw an email about BOE’s preparation for targeted financing, and quickly called Liu Xiaoduo in.

   "BOE wants to build a new 8.5-generation TFT LCD panel production line in Chengdu? The total investment of the project is 28 billion yuan?"

  Liu Xiaoduo nodded his head like garlic, and explained, "Mr. Xia, have you forgotten? The three-year period has come. According to the plan, BOE should start the third production line."

  Xia Jingxing slapped his head and remembered it thoroughly. "Three panel production lines will be set up in Chengdu in three years and three phases." This construction plan was proposed and implemented by him. During this period, BOE and the local government in Rongcheng gave high support.

  In the first half of 2007, the 4.5-generation panel production line, which cost more than 3 billion yuan, broke ground in Chengdu and was officially put into operation in the second half of last year;

   In the second half of 2007, when the 4.5-generation line was not fully completed, China's first 6-generation panel production line, which cost 18 billion yuan, started construction in Chengdu.

  Three months ago, the 6th generation panel production line was officially completed and put into production.

   At this point, the construction of the last planned 8.5-generation production line has also been officially put on the agenda.

  Thinking of this, Xia Jingxing summed it up in his mind. For the construction of the first two production lines, Vision Capital invested more than 5.3 billion yuan in two phases.

  According to the tripartite cooperation agreement signed at the beginning, Envision Capital needs to invest another 5 billion RMB for the last 8.5-generation production line. After the investment is completed, the investment commitment of a total of 10 billion RMB has been successfully completed.

And BOE has these three new LCD panel production lines, plus the original Jingcheng 5th generation line, and completely has the ability to manufacture LCD panels of all sizes from 1.8 inches to 55 inches. Localization will replace the journey again. next city.

   The BOE of this life will achieve this goal at least one to two years faster than the BOE of the previous life. In the fierce market competition, this is also an advantage.

  For the Chengdu area, the direct investment of the three panel production lines is nearly 50 billion yuan, and at the same time, it has also driven countless upstream and downstream industries to invest and build factories in Chengdu, which is equivalent to creating a 100 billion-level LCD panel industry cluster out of thin air.

   In the area of ​​drinking water and thinking back to his hometown, he should be worthy of the elders of his hometown, and he did not live up to the title of investment ambassador that Ge Zhifu originally awarded him.

  Thinking of this, Xia Jingxing suddenly got interested and wanted to chat with Huang Dongsheng. He hadn't seen this person for a long time. By the way, he was concerned about the development of BOE.

   So Xia Jingxing told Liu Xiaoduo a few words, and asked her to immediately arrange to go to BOE for inspection and visit.

   The next day.

   Early in the morning.

   Huang Dongsheng, who received the news, did not wait for Xia Jingxing to visit him in person, and took the initiative to visit Xia Jingxing at the office of Fuxing Industrial Group, with a low attitude.

   "Mr. Xia, if you say a visit, you will be seen outside. If you want to know about the development of BOE, just squeak at any time. I will go directly to Fuxing Industry to report to you."

   After not seeing him for a while, Xia Jingxing found that the white hair on Huang Dongsheng's head had increased significantly, and it seemed that almost all of them had gone white. He guessed that the pressure on the other party over the past few years should not be small, and it was caused by too much anxiety.

   "Old Huang, you are too polite. You are the chairman of BOE. What are you reporting on? Envision Capital just plays the role of an investor and a partner.

   I have said before that all the investment in BOE and all the cooperation projects with BOE are in your hands, I feel very relieved and will not interfere too much.

   I asked you to meet this time, mainly because I haven’t seen you for a while, let’s communicate and learn together. "

  Huang Dongsheng repeatedly expressed his humble remarks. He has great respect for Xia Jingxing as a strategic investor.

   If there is no strong support from the other party, perhaps the 4.5-generation line with an investment of more than 3 billion yuan can be established, but the 6-generation line is definitely not so easy to build, maybe it has not started construction yet.

   Over the years, he begged his father to tell his grandmother, visited countless investors including central government-run capital and local government-run capital, saw countless scorners, and tasted the warmth and coldness of the world, only Xia Jingxing was willing to believe in him and invest in him.

   And the most rare thing is that Xia Jingxing has excellent patience and doesn't pay too much attention to the return on investment, and more of it holds the same idea as him - to contribute to this country that lacks cores and screens.

   Take Xia Jingxing’s investment in BOE in the past two years as an example, the investment of more than 5 billion yuan has hardly seen any profit, and the investment in other industries may have increased several times.

   According to his understanding of Xia Jingxing's investment ability, the other party has the ability to turn a stone into gold.

   But why should the other party invest in BOE, which is not making money or even losing money? It is not just driven by entrepreneurial sentiments and national sentiments.

   For this kind of like-minded person, Huang Dongsheng is full of admiration and closeness.

   Not to mention taking the initiative to come to Zhongguancun to see Xia Jingxing, even if the other party squeaked in the United States, he could immediately fly over to visit.

   There is no such thing as losing face, he doesn't want to chill the other party's zealous industry and serving the country.

   In the past two years, Xia Jingxing's career has grown bigger and bigger, his official business is very busy, and he has flown all over the world as a trapeze person.

   Therefore, Huang Dongsheng did not bother Xia Jingxing too much. His main contact person was Deng Yuanjun, CFO of Fuxing Industry.

  After a few words of greetings, Huang Dongsheng began to introduce the development of BOE in the past two years to Xia Jingxing in detail.

  "... At present, BOE has completed and put into production three production lines of 4.5th, 5th and 6th generation.

  The 4.5th generation line in Rongcheng currently produces 30,000 glass substrates per month. Next, we plan to expand the production to 45,000 pieces. The products are mainly used in notebook computers, tablet computers, mobile phones, digital cameras and other electronic equipment under 12.1 inches.

  The Jingcheng 5th generation line has been upgraded and expanded, and has now reached a monthly production capacity of 85,000 glass substrates. The products are mainly used in desktop monitors under 17 inches, car navigation displays, notebook computers and other equipment.

There is also the Rongcheng 6th generation line, which was completed and put into production not long ago. The production capacity is 90,000 glass substrates per month, covering the application field of display products below 37 inches, including 18.5-inch and 21.5-inch computer LCD screens, 26-inch and 32-inch LCD screens TV with LCD screen and other products. "

  Xia Jingxing frowned slightly, "Is it necessary to wait until the Gen 8.5 line is completed for products over 37 inches?"

  Huang Dongsheng focused his head, "Yes, the 8.5-generation line is expected to invest 28 billion yuan. After completion, it will have a monthly production capacity of 90,000 glass substrates, which will be cut into liquid crystal panels, which translates to an annual shipment of more than 10 million pieces."

  Xia Jingxing didn't say anything, feeling that the development speed of BOE was still a little slower.

   Small-sized LCD screens such as mobile phones and computers do not need to be imported on a large scale, but the demand for TVs has not been fully met.

As if seeing through Xia Jingxing's thoughts, Huang Dongsheng smiled bitterly: "Mr. Xia, in fact, BOE's development speed is fast enough, including our internal staff, it feels like riding a rocket. In the past few years, all this thought Don't even think about it.

   However, after careful consideration, it is still our BOE company that is dragging its feet.

   For example, due to insufficient technical reserves, the yield rate of the sixth-generation line has not reached satisfactory results, and we are still working hard to improve the yield rate.

   In addition, the company's capital reserves are not enough, which led to the slowdown of the construction of the 8.5 generation line. "

Xia Jingxing nodded thoughtfully. Since he did not directly inject capital into BOE, he adopted a project cooperation method first, which resulted in a large amount of assets not being injected into the listed company. Therefore, the stock price of BOE has risen limitedly in the past two years, and targeted financing has also Well, even if you issue bonds, you won’t be able to raise too much capital, and there is a technical cooling time for directional financing.

   You must know that the construction cost of the latest 8.5-generation line on the agenda is equivalent to the construction cost of all the three production lines currently in hand of BOE. For BOE, the financial pressure is not small.

   Thinking of this, Xia Jingxing asked, "I see that you are planning to raise a round of targeted financing recently. Are there any problems with funding?"

   "No problem at all, because we plan to raise 12 billion yuan in targeted financing this time." Huang Dongsheng replied confidently.

   "So much financing?" Xia Jingxing was a little surprised, because BOE has raised more than ten or two billion yuan in the past several targeted financings, which is not a fraction of this financing.

  Huang Dongsheng said with a smile: "Rongcheng doesn't plan to participate in this 8.5-generation production line. I heard that they have stopped the subway project because of the investment in the 4.5-generation line and the 6-generation line.

   Therefore, we decided to raise 12 billion yuan this time, of which 3 billion yuan will be used to supplement the operating capital of the company, and the other 9 billion yuan will be used to invest in the 8.5 generation line.

   In addition to the 5 billion investment you provided, and another 14 billion syndicated loan, 28 billion will be enough. "

  Xia Jingxing thought about it and asked tentatively, "Then where do you decide to build this Gen 8.5 line?"

  Huang Dongsheng replied without hesitation: "It must be in Rongcheng! Not to mention that the investment agreement was signed in black and white, just say that without the help of Rongcheng, there would be no BOE's 6th generation line. People can't be ungrateful."

   Speaking of this, Huang Dongsheng smiled self-deprecatingly, "The capital has approached me several times, hoping that I will keep the Gen 8.5 line in the capital, but I have shied away all of them, and answered them: There will be opportunities in the future..."

  Xia Jingxing laughed and felt completely relieved.

  If Huang Dongsheng released the pigeons from Rongcheng, then he would have no face to see the old people in Rongcheng, and he would not be able to commit suicide in the capital.

   Having said that, in order to make way for the panel production line, even the subway project in Rongcheng was stopped. It can be seen how determined Ge Zhifu was, and he did not hesitate to block his political future. I believe he must be under a lot of pressure.

   Thinking of this, Xia Jingxing decided to give Huang Dongsheng another reassurance and said, "You can do it anyway, if the 8.5th generation line is still short of construction funds, I will make it up for you."

  Huang Dongsheng smiled and said, "Mr. Xia, there should be no shortage of funds for the 8.5 generation line, but now Samsung, LG and other advanced manufacturers are actively deploying OLED and AMOLED technologies.

  If we want to catch up with their pace of development, I don’t think we can only focus on the TFT-LCD field. New technologies must be grasped as soon as possible. "

  Xia Jingxing's mind was like a lightning bolt, yes, technology is improving, TFT will gradually become outdated!

   In the past, the media praised the strong rise of mainland panel manufacturers, but in fact, they only gained share in the TFT-LCD panel market, which was gradually abandoned by Japanese and Korean manufacturers.

  Samsung produced AMOLED panels as early as 2007, and soon Galaxy series mobile phones will be born with AMOLED material screens, and use their excellent performance to establish the market position of Galaxy mobile phones, and ship them like crazy.

   At the same time, the shipments of mobile phones and the profits earned have fed back the AMOLED panels that have just started.

  Huang Dongsheng thought that Xia Jingxing did not understand this, so he explained it aside.

   "OLED organic light-emitting diodes were first discovered by Professor Deng Qingyun, a Chinese-American scientist born on Hong Kong Island, in his laboratory in 1979, and he started his research, so he is also known as the father of OLED.

  According to the different driving methods, the industry divides OLEDs into passive PMOLEDs and active AMOLEDs.

  OLED display technology is known as the third-generation display technology after CRT and LCD due to its advantages of self-luminescence, wide viewing angle, infinitely high contrast ratio, low power consumption, and extremely high response speed.

   For example, taking a smartphone as an example, an AMOLED screen can be thinner and lighter than a TFT screen, with brighter colors, richer layers, and more detailed details.

Another feature is that because it is self-illuminating, only the necessary pixels emit light when the screen displays the picture, while the entire backlight module of the TFT-LCD screen needs to emit light when it is lit, so the AMOLED screen consumes less power and saves power. . "

   Speaking of this, Huang Dongsheng muttered to himself: "Now all smartphones are using large screens, I feel that AMOLED may usher in a big development."

  Xia Jingxing asked with a smile, “These are all its advantages, what about its disadvantages? It’s impossible to have no disadvantages, right?”

   "Of course there are shortcomings, no shortcomings, everyone is going to make this kind of screen."

  Huang Dongsheng introduced: "To sum up, there are roughly the following shortcomings. The organic light-emitting material has a short lifespan, a low production yield, and a high investment cost."

  Xia Jingxing nodded lightly. When it comes to the point, it is not because domestic panel manufacturers are short-sighted and cannot see the advantages of OLED and AMOLED, but because their strength does not allow it!

  Samsung has relied on high-end smartphones to harvest the world, and this has slowly provided OLED and AMOLED panels.

   This is the advantage of the industry chain, which can transfuse blood to each other.

  There is a reason why Samsung is so good, and it can continue to be the big brother of Android after losing the Chinese market.

  Huang Dongsheng still has one point that he did not mention, the flexible screen is made of AMOLED material.

   In the long run, it is impossible for Fuxing Industry to deploy AMOLED.

  At the same time, because the cost of AMOLED is higher than that of ordinary OLED screens, it is mainly used in the field of small devices such as mobile phones. Large-screen TVs and computers are still using a large number of ordinary OLED screens due to cost considerations.

   Therefore, the revival of the industry has to grasp both technologies.

   Thinking of this, Xia Jingxing had an idea in his heart and said, "How about letting BOE try to build an OLED and AMOLED production line?"

   Huang Dongsheng spread his hands, "No money!"

  Xia Jingxing smiled, knowing that the reason why the other party was laying so much was just to say these two words.

   "I'll pay, and you'll take care of it."

  Huang Dongsheng was waiting for these words, and the whole person laughed so much that his teeth came out.

   "Mr. Xia, is this not taking advantage of you?"

  Xia Jingxing smiled lightly, "No, it's just mutual benefit, we are not as big as Samsung, we can only support each other to develop.

  The OLED and AMOLED screens you produce don't have to worry about losing sales, they can be used for some products of Fuxing mobile phones, Honor mobile phones, and Skyworth TV.

   On the one hand, you can test new technologies, and on the other hand, you can improve the technology according to market feedback.

   may be stumbling at the beginning, but the development of new technologies is like this, there is no shortcut to take, only one step at a time.

   In addition, TFT panels will not be eliminated so soon, and the cost issue is everything.

   Also, AMOLED screen degradation and burn-in are a big problem. Only after these technical difficulties are overcome can we truly usher in a leap-forward development. "

  Huang Dongsheng nodded and said yes. At the same time, he found that he seemed to underestimate Mr. Xia, who obviously had some research on OLED display technology.

   After initially finalizing the cooperative construction of OLED and AMOLED panel production lines, Huang Dongsheng turned his head and talked about the panel price trend in the past two years.

   "In 2007, not long after we started building the Gen 4.5 line, the panel market bottomed out.

  I thought that there would be a two- or three-year bonus period, but the financial crisis immediately hit, and panel prices plummeted.

   But since the beginning of this year, panel prices have started to rise strangely, and only in the mainland market, do you know why? "

  Xia Jingxing looked at Huang Dongsheng with a look of resentment, gradually remembered something, and his face became serious.

   "You mean it was caused by those gangsters?"

   Two in one, this chapter has been written for more than eight hours, and I have to read the previous article and search the information, and my head is dizzy. I originally wanted to write three chapters, but I will come tomorrow.

  

  

   (end of this chapter)