Ren Min Wang·2025-10-31 03:39Core Insights - The new display industry in Anhui Province is projected to account for 10% of global capacity in 2024, with revenue reaching nearly 75 billion yuan in the first half of this year, marking a year-on-year growth of 9.8% and contributing nearly 30% to the electronic information manufacturing sector [1] Group 1: Industry Development - The new display industry has become a significant driver of high-quality development in Anhui Province [1] - Financial support from institutions like the Bank of Communications has been crucial in facilitating the growth of the new display industry through technology innovation and advanced manufacturing [1] Group 2: Company Case Study - Yingri Technology - Yingri Technology has increased its R&D investment, enhancing the purity of target materials and reducing production costs through technological upgrades [2] - The company has established stable partnerships with leading firms in the display sector, such as BOE, and is projected to achieve revenue exceeding 646 million yuan in 2024 [2] - Yingri Technology's growing scale has led to increased funding needs for raw materials, technological innovation, and equipment updates [2] Group 3: Financial Support Initiatives - The Bank of Communications provided a 40 million yuan unsecured comprehensive credit approval to Yingri Technology in early 2023, addressing the funding challenges faced by tech enterprises [3] - The bank has implemented an "active credit" model to support tech companies, offering products like "talent loans" and "R&D loans" to alleviate financing difficulties [3][4] - The bank aims to enhance its support for tech enterprises by establishing a network of specialized branches and implementing a full lifecycle service model [4] Group 4: Growth Partnerships - The Bank of Communications has signed growth partnership agreements with over 1,000 tech companies, issuing loans totaling nearly 6.7 billion yuan as of the first half of this year [5]