CAIHONG DISPLAY DEVICES CO.(SH:600707) WitsView睿智显示·2025-11-12 02:45Core Viewpoint - Recently, Hongyang Display (Xianyang) Technology Co., Ltd., a subsidiary of Rainbow Holdings, increased its registered capital to approximately 4.78 billion yuan [1][2]. Group 1: Company Information - Hongyang Display was established on September 16, 2021, and its business scope includes glass manufacturing, non-metallic mineral and product sales, and intelligent basic manufacturing equipment manufacturing [2]. - The company is jointly held by Rainbow Holdings, Jianxin Financial Asset Investment Co., Ltd., Xianyang Jincai Equity Investment Partnership (Limited Partnership), and Bank of China Financial Asset Investment Co., Ltd. [2]. Group 2: Investment and Project Development - In August of this year, Rainbow Holdings announced an investment of approximately 1.05 billion yuan into Hongyang Display, increasing its shareholding from 52.94% to 62.40% [3]. - The investment aims to accelerate the construction of the G8.5+ substrate glass production line project at the Xianyang base, which has a total planned investment of 20 billion yuan [3]. - The project includes the construction of 20 G8.5+ substrate glass furnaces and 10 cold-end production lines, with the first phase involving an investment of 9.1 billion yuan for 8 hot-end furnaces and 4 cold-end production lines, expected to produce 5.82 million substrate glass sheets annually upon reaching full capacity [3]. Group 3: Production Status - As of the end of 2024, 4 production lines of the project have been put into operation, with the remaining lines under accelerated construction [4].