AVD(SZ:300939) WitsView睿智显示·2025-07-30 10:14Core Viewpoint - The establishment of the Thailand production base by QiuTianWei is a strategic move aimed at long-term development and serving the global market [1][3]. Group 1: Thailand Production Base - The Thailand production base will focus on core business areas including new flat panel display devices, backlight sources, and embedded software development [1][3]. - The base is led by QiuTianWei (Thailand) Co., Ltd., which completed its registration in October 2023 and acquired approximately 23.59 acres of industrial land in December 2023 [3]. - The first phase of the project will deploy TFT-LCM modules, full lamination, and SMT production lines, emphasizing research and manufacturing of liquid crystal display devices [3][4]. Group 2: Shenzhen Project - In addition to the Thailand base, QiuTianWei is investing 380 million yuan in the construction of the Chunhua Technology Building in Shenzhen, covering an area of 9,678.98 square meters with a total building area of 54,159.24 square meters [3][4]. - The Shenzhen project includes a 9-story factory, a 20-story dormitory, and a 2-story basement, with construction expected to start in October 2024 and complete the main structure by April 2025 [3][4]. Group 3: Financial Performance - In 2024, QiuTianWei achieved a revenue of 1.085 billion yuan, representing a year-on-year growth of 9.02%, while the net profit attributable to shareholders decreased by 25.91% to 90.61 million yuan [6].