Chapter 1015 I have never seen such a wealthy person
Southeast Asia and China are also the mainstream markets for Kunlun Technology.
When Kunlun grows up, coupled with TPV Technology, BOE's downstream security will be ensured and no one will join forces to lower prices.
Keep looking back.
Although he had already seen it once, Xu Liang couldn't help but frowned at BOE's poor financial situation.
In September 2003, BOE invested 10.3 billion to establish a fifth-generation line with a production capacity of 100,000 yuan/month.
Due to too much investment in building its own production line, BOE's capital chain was almost broken at the end of 2004.
The Y##Zhuang Economic Development Zone, which introduced BOE to settle at that time, had no choice but to help BOE obtain a loan of US$740 million and a loan of 2.8 billion Chinese currency to postpone the bankruptcy crisis.
However, BOE's situation did not improve in 2005 and 2006. In 2005, it suffered a loss of 1.587 billion. In the first quarter of 2006, it lost 471 million Huaxia coins. It seems that the annual loss is heading towards 2 billion.
Those banks that claimed to support national industry and the development of national science and technology quickly withdrew loans. The China Securities Regulatory Commission even suspected BOE of financial fraud, and BOE became *ST Oriental.
At that time, Yizhuang Economic Development Zone was a little confused, and BOE was forced to "debt-for-equity" the government's 2.8 billion loan.
In order to survive, BOE began to look for funds everywhere, and then found Xu Liang.
The debt ratio of the entire BOE is now as high as 70%, and the total debt exceeds 14 billion Chinese dollars.
However, Xu Liang does not mind BOE's debt. What he values more is BOE's technical level.
……
Huang Dongsheng's feedback was faster than expected, and Xu Liang received him in Hanhua the next day.
"Mr. Xu, we went back to discuss and are willing to accept Hanhua's investment."
Xu Liang stood up and stretched out his hand.
“This is the best news I’ve received this year.”
“Me too.”
The two looked at each other and smiled, quite sympathetic.
After sitting down again.
"Old Huang..."
The sudden change of words and intimacy made Huang Dongsheng stunned for a moment, but he soon got used to it.
Add "老" in front of your last name. Almost 100% of men in China have been called this.
"How do you plan to use the 10 billion invested by Hanhua?"
Huang Dongsheng didn't even think about it, "I plan to build two lines, a 4.5-generation line with a monthly output of 30,000 pieces, and a monthly output The 100,000-piece 6th generation line has a total investment of 20 billion Chinese dollars
BOE invested 7 billion Chinese dollars on its own, the local government borrowed 7 billion Chinese dollars, and raised another 6 billion Chinese dollars from the stock market. br>Leave 3 billion Huaxia coins as reserves.”
After Huang Dongsheng left Hanhua yesterday, the first thing he did was not to discuss whether to accept Hanhua’s financing, but to discuss the financing requirements of Hanhua. How to use.
Xu Liang thought for a while.
"Where is BOE's current technological level? Can it be a 7th generation line?"
Huang Dongsheng shook his head.
“We just broke through the high-generation line this year, and the 7th-generation line is still under development. It is expected that we will not make a breakthrough until the end of this year at the earliest.”
As he said that, he sighed.
"BOE has entered the panel industry for too short a period of time and does not have sufficient funds. Although it strives to catch up, there is still a big gap with the top international manufacturers."
Samsung and Sharp have already begun planning and construction of LCD panels. The 8th generation line is already in place, but BOE’s 6th generation line has not yet been built.
“We started late, so it’s normal to have a gap. Facing the gap and striving to catch up is what we should do now.” Xu Liang said with a smile.
“You are right.”
“Old Huang, I agree with BOE’s overall development idea. Increasing production capacity is the way to go. But that 4.5-generation line is not necessary. Built.”
"Mr. Xu, the 4th generation line is currently the mainstream in the market, and our production capacity in this area is not enough."
In the current LCD panel industry, one generation has been eliminated.
The second generation mainly produces 370mm*470mm glass substrates and can cut four 10.4-inch panels.
The third generation mainly produces 550mm*650mm glass substrates and can cut 6 14-inch panels.
The fourth generation (4.5 generation) mainly produces 730mm*920mm glass substrates and can cut 9 21-inch panels.
The fourth-generation line is also the mainstream in the market, mainly producing small and medium-sized display panels for laptops, tablets, digital photo frames, car displays, mobile displays, mobile phones and other products below 12.1 inches.
Then the fifth-generation line mainly produces 1300mm*1500mm glass substrates, which can cut six 27-inch panels.
The fifth generation, including the 5.5 generation, is the production capacity that all major LCD panel manufacturers are currently vigorously deploying, and it is a sub-mainstream.
The sixth generation mainly produces 1500mm*1850mm glass substrates and can cut 6 37-inch panels.
The sixth-generation line is also the high-generation line that is often mentioned now. Only large and powerful manufacturers are qualified to build such high-generation lines.
The seventh generation mainly produces 1950mm*2250mm glass substrates and can cut 8 pieces of 40 or 42-inch panels and 6 pieces of 46- or 47-inch panels.
The seventh generation line of LCD panels flourished around 2005. There were two main early ones, Samsung Sony and LG Philips joint venture factories.
Other manufacturers also talk about 7.5 generation line panels.
The eighth generation line mainly produces 220mm*2500mm glass substrates and can cut 8 pieces of 46-inch panels and 6 pieces of 52-inch panels.
Sharp was the first to build one, and this year it just started building the first eighth-generation line in Guishan, Japan.
Whether it is the seventh-generation line or the eighth-generation line, they are currently under construction, and there are basically no finished products on the market.
The sixth generation line is already a high-end product.
“Lao Huang, now that we have better technology, we don’t have to waste money on low-generation lines. My idea is to directly invest in the construction of two sixth-generation lines with a monthly output of 100,000 glass substrates. . ”
The production of LCD panels is similar to that of chip production.
The LCD panel is cut out to the required specifications on a large glass substrate.
Chip is cut out to the required specifications from a large wafer.
So the larger the glass substrate and wafer, the more panels and chips can be cut out.
The corresponding cost is lower.
So if you can build a high-generation line, don’t build a low-generation line.
In addition to cost considerations, Xu Liang, as an investor, also needs to consider equipment depreciation.
Although the 4th generation line is now the mainstream, due to cost, it will be completely eliminated in six to seven years at most.
If you invest a huge amount of money now, the depreciation cost will be too great by then.
On the contrary, if you invest in the sixth generation line, you don’t have to worry about being eliminated for at least 15 years.
“Mr. Xu, are you really willing to invest in BOE to build two 6th generation lines?”
Huang Dongsheng's eyes lit up.
If he could build a sixth-generation line, of course he would choose to build a sixth-generation line.
But it’s too expensive.
A sixth-generation line with a monthly output of 100,000 glass substrates requires an investment of 18 billion Chinese dollars.
Two pieces are 36 billion Chinese coins.
BOE alone cannot afford it.
“I will never go back on what I said. And I also promise you that when BOE can break through the 7th generation line, I will invest money to help you build three 7th generation lines with a monthly output of 100,000 glass substrates. .
Whenever BOE breaks through the 8th generation line, I will invest money to help you build four 8th generation lines with a monthly output of 100,000 glass substrates.”
In order to stimulate Huang Dongsheng’s motivation, Xu Liang. Take the initiative to increase temptation.
"Four Articles..."
Huang Dongsheng's voice was almost moaning.
Hao.
So TM heroic.
He, Old Huang, has traveled all over the country for so many years, but he has never seen such a heroic person.
Afraid of being wronged, no, it was the beloved Boss Xu who went back on his word.
"Mr. Xu, the man spits and nails, there are so many people here today, can you not regret it?"
"Haha, don't worry, I promise not to regret it. But the premise is that the 7th generation line will break through by the end of this year. The technology of the 8th generation line will break through at the end of next year.
How about this? Do you dare to issue this military order?" Xu Liang said with a smile.
"Dare, there is nothing you dare not do."
Huang Dongsheng said confidently, patting his chest.
As long as there is sufficient financial support and BOE's years of technology accumulation and personnel, he has absolute confidence to meet the big boss's requirements.
"Very good, then I will wait for your good news."
Xu Liang said with satisfaction.
The stronger BOE’s technical strength is, the more likely it will be him who will make the most money in the end.
Pour Huang Dongsheng a cup of tea and wait for him to calm down a little.
"Old Huang, is BOE currently conducting research on OLED technology?"
"Of course. OLED technology is a relatively recognized next-generation new technology in the field of LCD panels, and BOE has also invested a lot of money and energy in this area. However, It’s still much worse than foreign manufacturers.”
(End of this chapter)