“国补”及体育赛事加码 TCL科技拟现金收购深圳华星半导体10.77%股权

Core Viewpoint - TCL Technology plans to acquire a 10.7656% stake in its subsidiary, Shenzhen Huaxing Semiconductor Display Technology Co., Ltd., for 6.045 billion yuan, increasing its total control to approximately 95% and enhancing its profitability [1][3] Group 1: Acquisition Details - The acquisition is a strategic move to focus on the core semiconductor display business and optimize asset structure, reinforcing TCL's leading position in the global large-size display market [1][2] - Shenzhen Huaxing Semiconductor operates two G11 generation high-generation panel production lines, which are rare globally, producing ultra-large size displays [2] Group 2: Financial Performance - As of December 31, 2024, Shenzhen Huaxing Semiconductor reported total assets of 68.04 billion yuan and net assets of 44.85 billion yuan, with a projected revenue of 24.158 billion yuan and net profit of 2.807 billion yuan for the same year [3] - By June 30, 2025, total assets are expected to decrease to 64.769 billion yuan, with net assets rising to 46.564 billion yuan, and a revenue of 12.023 billion yuan with a net profit of 1.709 billion yuan [3] Group 3: Market Opportunities - The television panel market is anticipated to enter a demand explosion phase by 2026, driven by major global sporting events, including the FIFA World Cup and the Winter Olympics, which are expected to boost demand for large, high-definition televisions [4][5] - The continuation of consumer policies in China, such as the "old-for-new" program, is expected to stimulate market consumption, particularly for high-end television products [5]