Core Viewpoint - TCL Technology aims to enhance its stake in Shenzhen Huaxing Semiconductor Display Technology Co., Ltd. by acquiring an additional 10.7656% equity for 6.045 billion yuan, increasing its total ownership from 84.2105% to 94.9761%, which is expected to improve profitability and strengthen its competitive position in the display industry [1][4]. Group 1 - The acquisition is part of TCL Technology's strategy to consolidate its core competitiveness in the display sector [1][4]. - Shenzhen Huaxing Semiconductor focuses on the production, processing, and sales of large-size TFT-LCD display devices, with its main products being large-size TFT-LCD display devices and semiconductor display materials [4][5]. - The company operates two 11th generation panel production lines, utilizing 3370mm x 2940mm glass substrates, which efficiently cut 65-inch and 75-inch TV panels [4][5]. Group 2 - Following the acquisition, the shareholding structure of Shenzhen Huaxing Semiconductor will be TCL Technology and its subsidiary TCL Huaxing holding 21.5311% and 35.4067% respectively, while Guangdong Huaxing Optical Industry Investment Co., Ltd. holds 27.2727%, and the Shenzhen Major Industry Development Phase I Fund holds 10.7656% [5]. - Financial projections for 2024 indicate that Shenzhen Huaxing Semiconductor will have total assets of 68.04 billion yuan, net assets of 44.85 billion yuan, and expected revenue of 24.158 billion yuan with a net profit of 2.807 billion yuan [5]. - For the first half of 2025, the company is projected to have total assets of 64.769 billion yuan, net assets of 46.564 billion yuan, with revenue of 12.023 billion yuan and a net profit of 1.709 billion yuan [5].
60.45亿!TCL科技拟再度收购深圳华星半导体股权