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China’s leading manufacturer of window touch protective glass panel, 3D curved glass, will invest 15 billion yuan to accelerates the industrial chain layout Hay:B04HNLS

On the evening of October 11, HNLS Electronic Technology Group issued an announcement stating that the company received the "Approval for the Registration of HNLS to Issue Shares to Specific Objects" issued by the China Securities Regulatory Commission on October 9. The company plans to raise funds not exceeding 15 billion. Yuan Renminbi, the proceeds will be used to invest in consumer electronics, smart cars, industrial Internet and other related main businesses.

Among them, the "Changsha (2) Park Smart Wearable and Touch Functional Panel Construction Project" has a total investment of 1.515 billion yuan. After the project is fully completed and put into production, it will achieve an annual output of 9 million smart wearable device components and an estimated annual sales income of 1.8 billion yuan.

"Changsha (2) Park Vehicle Glass and Large-size Functional Panel Construction Project" has a total investment of 4.531 billion yuan. After the project is fully completed, it will achieve an annual output of 37.19 million pieces of automotive glass and large-size functional panels, which is expected to achieve an annual output value of 4.273 billion yuan.

"Changsha (II) Park 3D Touch Panel and Production Supporting Facilities Construction Project" The total investment is 6.329 billion yuan. After the project is fully put into production, it will achieve an annual output of 120.15 million consumer electronics 3D touch panel and it is expected to achieve annual sales. Revenue 7.027 billion yuan.

According to the development of the application fields of smart terminal appearance protection components (such as smart phones, tablet computers and other consumer electronic products), with the popularization of smart terminal products OLED screen application, continuous appearance innovation, wireless charging and 5G communication technology promotion, smart terminals Appearance protective parts products have entered a new stage of rising volume and price; downstream smart terminal industries such as smart phones, wearable devices, automotive electronics, tablet computers and other industries are booming, further increasing the demand for appearance protective parts for smart terminals, and the market space is broad .

HNLS`s main business is R&D, production, and sales of high-end touch protection glass panels, new appearance protection materials and other intelligent terminal appearance protection parts. At present, the company’s business has covered windows and appearance protection glass, sapphire, precision ceramics, precision metals, and touch panels. Control modules, cameras, button accessories, assembly, etc., products are widely used in mobile phones, tablet computers, notebook computers, smart wear, car equipment, smart home and other fields.

At present, HNLS is not only an important core strategic Tier 1 supplier of Apple and Huawei, but also a global Tier 1 core supplier of new energy vehicle leader Tesla. It has supplied Tesla to factories in Shanghai, China, and the United States for more than a year.

The main competitors are BE Optical Technology Group, XX Technology, HLT Technology, OF Optoelectronics Technology Group, CX Optoelectronics Technology Group, etc.

Recently, HNLS Technology has attracted much attention. First, the iPhone 12 will be released soon. As an Apple concept stock, the stock price has risen for two consecutive days.

In addition, HNLS plans to acquire two magnesium alloy precision die casting companies in August and has also made progress.

On October 5th, Apple's metal case supplier TWKC held an interim meeting of shareholders and agreed to sell 100% equity (9.9 billion RMB) of the company's precision magnesium alloy die casting plant in mainland China to HNLS.

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