In the evening of September 29, HBDX Optoelectronics Technology Group issued an announcement stating that in order to make full use of the company’s glass substrate spillover technology, give full play to the economic benefits brought by the company’s industrial agglomeration advantages, and enhance the company’s comprehensive strength, the company will invest in the construction of "G6-OLED carrier "Plate glass project", "neutral borosilicate medicinal glass tube and bottle making project", the total investment scale of the project is 7 billion yuan.
(1) Project content
1. Project name: G6-OLED carrier glass project, neutral borosilicate glass tube and bottle making project.
2. Investment scale: 5 billion yuan and 2 billion yuan respectively.
3. Construction content: 4 G6-OLED substrate production lines with an annual output of 4.32 million pieces after reaching full capacity; 5 kilns and 10 lines of medicinal glass tube and bottle production lines, which can produce 36,000 tons of medicinal glass tubes and medicine bottles after reaching full capacity. Billion.
4. Construction period: 12 months after the official start of construction (2 months for report and construction, 10 months for civil construction and process production line installation).
5. Planned land: the construction land is located in the economic and technological development zone
HBDX stated in the announcement that in the current economic situation facing multiple challenges, the company relies on its own high-quality industrial technology resources, with the help of state-owned capital to guide strategic development, promote the integration of industry and finance, expand the scale of investment and establishment, and enrich the company's industrial layout. The signing of this investment agreement represents that the company has officially entered large-scale industrial investment and construction after it has made a breakthrough in the field of OLED substrate glass flexible display technology, laying the company’s market foundation in the OLED flexible display field, and the company uses the overflow technology of glass substrates Realizing the import substitution of medicinal glass will bring more profit growth space for the company. The above-mentioned projects are expected to have a positive effect on the company's future operating performance and cash flow.
HBDX is a leading company in the localization and substitution of China's optoelectronic display materials. It has repeatedly broken the international monopoly of core technologies and filled the domestic gap. It is the largest local LCD glass substrate manufacturer in China and the world's fourth-ranked manufacturer of optoelectronic display materials. Commerce, has formed a display material industry cluster with comprehensive competitiveness. Dongxu Optoelectronics LCD glass substrate project and high-end cover project have won the first and second prizes of the 2018 National Science and Technology Progress Award.
HBDX will build China's largest OLED substrate production base and high-end medicinal glass project. After the project is put into production, it will break the foreign monopoly once again, seize new development opportunities during the strategic window of the global display industry iteration, and ensure the security of the domestic display supply chain.
HBDX seizes the opportunity of new display iteration and is committed to the research and development of OLED substrate related process technology. It has realized a glass formulation with completely independent intellectual property rights, and has advanced compatibility, lightweight, thinning, and third-generation flexible display technology. Has an absolute advantage. The construction of China's largest OLED substrate production base is a large-scale industrialization following the success of WH's first OLED substrate glass experimental line. It will help the development of China's OLED display industry and ensure the safety of the domestic display industry chain.
In addition, in order to solve the problem of localization of high-end pharmaceutical packaging materials that China urgently needs, HBDX vigorously deploys the field of neutral borosilicate medicinal glass, which will break the foreign monopoly. Relying on the international advanced high-end glass production technology and years of industrialization experience, the company has successfully developed the key technologies required for the production of this kind of glass.