Laying out the OLED industry chain, Lianchuang Optoelectronics plans to invest 200 million to establish a subsidiary

On the evening of August 10, Lianchuang Optoelectronics announced that according to the company's industrial development plan, on the basis of doing a good job in the LED backlight industry, in order to increase the company's new profit growth points and lay out the OLED industry chain in advance, it plans to invest 200 million yuan to establish a wholly-owned subsidiary, Jiangxi Lianou Micro Display Co., Ltd. (tentative name, hereinafter referred to as "Lianou Micro Display"), to engage in the research and development, production and sales of high-precision metal masks.

Lianchuang Optoelectronics stated that by establishing a wholly-owned subsidiary, Lianou Micro Display, the company can expand the industrial chain, open up the OLED market, and become a manufacturer of OLED core materials, contributing new profit growth points to the company. It can also strengthen the closeness and stickiness of cooperation with the company's existing LED backlight customers, further enhance the company's comprehensive strength and overall profitability, and promote the company's long-term sustainable development.

On the evening of the same day, another announcement from Lianchuang Optoelectronics showed that the company planned to invest 437.86 million yuan to build a high-precision metal mask project with an annual output of 48,000 pieces, and the implementation entity was Lianou Micro Display.

This project is located in a standard factory rented in the Linkong Economic Development Zone, with a renovation and renovation of 15,000 square meters of factory space. The construction period is 36 months and will be implemented in two phases. The first phase plans to produce 24,000 high-precision metal mask plates per year and is scheduled to be put into production in August 2020. The second phase plans to produce 48,000 high-precision metal mask plates per year and is planned to be put into production in August 2021. When the project reaches production, the annual average sales revenue is 700 million yuan, the average annual total profit is 154.0106 million yuan, and the investment payback period (including the construction period) is 4.37 years (after income tax).