TCL TECH.(SZ:000100) DT新材料·2025-09-14 16:05Core Viewpoint - TCL Technology announced a joint investment with the Guangzhou government to build an 8.6-generation printed OLED display panel production line, with a total investment of approximately 29.5 billion yuan, marking a significant step in commercializing high-generation printed OLED technology in China [2][3]. Group 1: Project Overview - The T8 project will have a construction period of 24 months, with an expected start date in November 2025 [3]. - The production line will have a monthly processing capacity of approximately 22,500 glass substrates sized 2290mm x 2620mm, targeting applications in flat panels, laptops, and monitors [2][3]. Group 2: Technology and Market Potential - The technology used in the T8 project is TCL Huaxing's proprietary printed OLED technology, which offers advantages such as excellent color performance, high resolution, low energy consumption, and lower manufacturing costs [3]. - The global AMOLED panel shipment is projected to reach 1.01 billion units in 2024, with a market share of 27%, and is expected to exceed 1.33 billion units by 2030, increasing its market share to 35% [4]. Group 3: Financial Contributions and Shareholding - A total of 14.75 billion yuan will be contributed as registered capital for the project company, with TCL Huaxing contributing 8.85 billion yuan and the Guangzhou government contributing 5.9 billion yuan [5]. - TCL Huaxing is a major source of revenue for TCL Technology, with total assets of 213.6 billion yuan and net assets of 78.1 billion yuan as of June 30, 2025 [5]. Group 4: Recent Performance - In the first half of 2025, TCL Huaxing's revenue increased by 14.4% year-on-year to 50.43 billion yuan, while net profit rose by 74.0% to 4.32 billion yuan [6].