On November 15, NBJZ Technology Co., Ltd. (hereinafter referred to as "JZ Technology") was officially listed on the GEM and became another domestic optical film listed company.
According to public information, JZ Technology was established in March 2007. It is a high-tech enterprise integrating R & D, production and sales of optical films. It is also the first domestic enterprise with key technologies for TET-LCD optical films with independent intellectual property rights.
JZ Technology mainly produces optical film products such as diffusion film, brightness enhancement film, and reflective film. These products are assembled with backlight (CCFL or LED), light guide plates and other components into backlight modules for the manufacture of liquid crystal modules. Eventually it is widely used in various LCD display applications, including LCD TVs, LCD monitors, laptops, tablets, smart phones, navigators, car displays and industrial control displays.
In less than 10 years of establishment, the performance of JZ Technology has achieved rapid growth. According to the disclosure of its prospectus, the main business income and net profit increased from 282 million yuan and 45.438 million yuan in 2013 to 470 million yuan and 57.226 million yuan in 2015, with annual compound growth rates of 28.97% and 12.43% respectively.
In order to enhance the core competitiveness in the international market, JZ Technology plans to raise 495 million yuan for listing and raise funds for the construction of optical diffusion film and reflective film production line projects, optical brightening film production line projects and technology research and development center projects.
"Going to the capital market has passed our careful consideration. Because going public means not only the rapid growth of personal capital, but also the expansion of financing channels, and companies have waited for greater and stronger historical opportunities." Zhang, Chairman of JZ Technology In an interview with the media, Yan said that this is a small "milestone". The ultimate goal of JZTechnology is a Fortune 500 company.
At present, Zhizhi products have passed Samsung, LGD, Sharp, AUO, Foxconn, TPV, Arcelik AS, VIDEOCON, PT Hartono, TCL, Hisense, Haier, Changhong, Skyworth, BOE, Tianma, Tongfang, Huike, Nanjing Panda , Longteng Optoelectronics, Truly, and many other international and domestic first-tier brand terminal consumer electronics manufacturers and LCD panel (module) manufacturers are certified, and successively mass-produced and delivered, occupying an advantageous competitive position in the field of optical films for domestic LCD displays.
Broad market opportunities for optical film industry
Thanks to the strong growth of the global LCD TV, tablet and mobile phone markets, the optical film industry for liquid crystal displays is undergoing rapid development.
According to displaysearch statistics and forecasts, it is estimated that by 2017, global LCD TV shipments will reach 245 million units, with a market share of approximately 98.67%; global PC shipments will reach 763 million units, an increase of 174 million units from 2013. The growth rate is 29.63%; global mobile phone shipments will reach 2.132 billion units, of which smartphone shipments will reach 1.720 billion units, accounting for 80.69% of all mobile phone shipments.
In addition, as the cost of foreign labor continues to increase and the pressure on the price of terminal consumer electronics products increases, the process of shifting the flat panel display industry to mainland China continues to accelerate, and the optical film industry and its processing industry supporting the industry chain are gradually shifting to China. The domestic optical film industry chain will usher in development opportunities.
Zhang Yan once said in an interview with the media that his goal is to develop JZ Technology into China's largest specialty film manufacturer and become China's "3M" in the next 10 years.