The hottest LCD panel in Chinese Mainland has been

2022-08-22
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LCD panel in Chinese Mainland for ten years: being trapped in misunderstanding has won dignity

over the past ten years, the LCD panel industry in Chinese Mainland has endured the pressure of huge losses, laid a foundation in large-scale expansion and won dignity. At the same time, investors are constantly questioning the huge losses and overcapacity of the industry, and enterprises trapped in misunderstanding are moving forward in the embarrassment of self-defense

on August 12, 2013, BOE's 46 billion yuan fixed increase, the largest financing in the history of LCD panel industry development, was questioned. Chen Yanshun, President of BOE, who came back from a business trip in Erdos, told China economy and informatization that this was a profound misunderstanding of the development of LCD panels

ten years ago, BOE acquired Hyundai's TFT-LCD business, and enterprises in Chinese Mainland mastered the core technology of LCD panels for the first time. An industry with a scale of hundreds of billions of Yuan also started from this

the LCD panel industry in Chinese Mainland has played a role of contradictory aggregation for ten years. In order to improve the country's industrialization and technical equipment level, even if they suffer heavy losses, they have to continue to invest and expand on a large scale. As a company, they must also be accountable to investors. In addition, while bearing huge losses, this industry must also explain the excess theory and OLED substitution theory

looking back on the past ten years, the losers have gone away, and the pattern has taken on a new look. Is the development mode of the panel industry in Chinese Mainland, which is supported by the government and operated by the city, that China connect often uses kilogram force to express pressure characteristics or international practice? In the turbulent industrial torrent, how to define the historical significance of this decade

2003 wake up like a dream

after decades of disillusionment with Chen technology, the panel industry in Chinese Mainland suddenly woke up: dignity is not waiting, you have to earn it yourself

in February 2003, BOE purchased the liquid crystal business of Hyundai Electronics at a price of US $380million, invested US $1.2 billion in Beijing Yizhuang to build a generation 5 line, which was mass produced in May 2005, ending the zero era of China's independent production of liquid crystal displays

this is a day that must be written into the history of LCD panel industry in Chinese Mainland in the future. Ten years after Japanese and Korean flat-panel TV manufacturers and Taiwan, China enterprises have embraced the screen, wantonly eroded the market share of color TVs in Chinese Mainland, and imposed a liquid crystal technology blockade on enterprises in Chinese Mainland, enterprises in Chinese Mainland have torn open the tight technology blockade for the first time

at that time, the world TV industry changed from traditional CRT (picture tube) displays to new flat-panel displays such as liquid crystal and plasma, and liquid crystal panels accounted for 2/3 of the cost of liquid crystal TV sets. Color TV manufacturers in Chinese Mainland were forced to spend a lot of money to purchase key components such as liquid crystal panels from manufacturers in South Korea, Japan and Taiwan, China

in fact, in April 2002, one year before BOE raised the blade of acquisition, Shanghai radio and Television Group (hereinafter referred to as Shanghai radio and television) signed a letter of intent for LCD project cooperation with NEC of Japan, investing nearly 10billion yuan to introduce a 5th generation line from NEC. However, this cooperation still failed to jump out of the traditional mode of using joint ventures in exchange for technology use in the CRT era

this mode should be familiar with BOE phase fatigue testing machine. As early as 1987, the former measurement value of BOE was partial. Beijing electronic tube factory established a joint venture with Panasonic, Japan, Beijing Panasonic color picture tube factory. Beijing Electronic Tube Factory accounted for 25% of the shares, and Panasonic holdings. However, until 2009, when CRT TV was almost pushed off the stage of history and Panasonic color tube factory was closed, China failed to get any core technology from it

it shows that the evolution track of the industry seems to be a historical destiny, which has never escaped the law of being born in Europe and the United States, matured in Japan and South Korea, industrialized in Taiwan, China, and finally changed to Chinese Mainland. In the era of CRT display, which began in the 1960s, Chinese Mainland was barren for decades under a tight technological blockade. When CRT came to an end, the industrialists in Chinese Mainland suddenly found that technology could not be exchanged at the expense of the market, and the barren land could not grow fruit out of thin air

Zhang Baizhe, deputy director of Tsinghua LCD technology research center, also said that unlike the automotive industry, history has proved that the LCD panel industry can't go through the road of market technology. If we still follow the joint venture route, this industry may still be in a dead end. Chen Yanshun, President of BOE, also believes that the acquisition of Korea Hyundai Electronics has completely changed the evolution track of the display industry, and the development of the LCD industry in Chinese Mainland has been at least five years ahead of schedule

in 2003, the price of 15 inch LCD panel once soared to $230 per piece, which made BOE must timely repair at this time of the year, and its revenue reached a record 11.18 billion yuan, a sharp increase of 133.7%; The net profit was 403 million yuan, a sharp increase of 386.7% over the previous year. Shanghai radio and television also began to usher in the best moment in history

BOE began to increase its production, from 30000 tablets per month in the initial stage to 60000 tablets in August 2006, 80000 tablets in September 2007 and 100000 tablets per month in July 2008. BOE began to develop explosively, and the 5th generation line has become one of the production lines with the best operating efficiency and profitability in the world

however, the fate of BOE was completely changed due to the decline of LCD cycle in the second half of 2004 when the wind was favorable. This change also paves the way for BOE to be passive everywhere in the future

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