WG Tech(SH:603773) Ju Chao Zi Xun·2025-10-31 02:56Core Viewpoint - The company, Woge Optoelectronics, has submitted a refinancing application to raise 1.5 billion yuan for the construction of a glass-based Mini LED display backlight module project, as well as for working capital and repaying bank loans [2]. Group 1: Project Details - The total investment for the glass-based Mini LED display backlight module project is 2.0058136 billion yuan, with 1.06 billion yuan allocated from the raised funds [4]. - The project aims to achieve an annual production capacity of 6.05 million glass-based Mini LED display backlight modules after a 24-month construction period [5]. - The project will enhance the company's product structure and create new profit growth points, thereby strengthening its market competitiveness in the glass-based Mini LED sector [5]. Group 2: Industry Context - The Mini LED technology is gaining traction as it meets the increasing consumer demand for better display quality, brightness, and contrast compared to traditional LCDs [6]. - Major TV manufacturers are accelerating the commercialization of Mini LED technology, with a projected surge in Mini LED TV sales penetration from less than 5% in 2023 to 18% in 2024 [7]. - The expected shipment volume of Mini LED backlight products is forecasted to reach 13.79 million units in 2024, with a compound annual growth rate (CAGR) of approximately 23.9% from 2023 to 2027 [7].