Core Viewpoint - The article discusses the strategic partnership between Shiming Technology and TCL Industrial Investment to establish a joint venture focused on display photolithography color paste, enhancing their competitive edge in the display materials sector [2][4]. Group 1: Joint Venture Details - Shiming Technology and TCL Industrial Investment will jointly invest in a new company named "Changshu Shihua New Materials Co., Ltd." with a registered capital of 20 million RMB, where Shiming holds 66% and TCL holds 34% [2][3]. - The joint venture will be located in Jiangsu Changshu New Materials Industrial Park and will focus on the research and sales of display photolithography color paste [2][4]. Group 2: Financial Performance - In 2024, Shiming Technology reported a revenue of 697 million RMB, a year-on-year increase of 2.3%, and a net profit attributable to shareholders of 22.62 million RMB, up 25.61% year-on-year [4]. Group 3: Investment in Beijing Dingcai - Shiming Technology announced the acquisition of approximately 1.91% of Beijing Dingcai Technology Co., Ltd. for 20.02 million RMB, aiming to enhance collaboration in the field of electronic materials [5][7]. - Beijing Dingcai specializes in OLED organic light-emitting materials and photolithography materials, with successful mass production of high-generation color photolithography and flexible AMOLED display materials [7]. Group 4: Strategic Implications - The partnership with TCL is expected to leverage TCL's resources in the display panel industry to promote the independent development of photolithography-specific nano pigment dispersion technology [4]. - The collaboration aims to create a closed-loop industry chain in the LCD display color photolithography sector, enhancing both companies' capabilities in material supply, technology development, and mass production [7].
TCL科技投资成立新显示公司