Not to buy!The jingdong will hosting cec panda, east China science and technology faces an uncertain future
Beijing time on May 13, Beijing Oriental (indicate) may be temporarily not buy cec panda.Sources told Wit the Display, jingdong will hosting cec panda three LCD panel production line.
If it is true, cec panda core management shakeup, dominated by Beijing east team.At that time, Beijing east team will promote business synergy and cec panda boe panel, make up for the Beijing Oriental 8.Line 6 generation and lack of the IGZO technology, utilization of capacity, technology, size, price advantages of leading global LCD TV market further, cec panda panel business also are likely to get the part then improve, at the same time, other panel TV enterprise will face unprecedented pressure, will accelerate the liquid crystal panel industry reshuffle.
According to Wit the Display, cec panda three LCD production lines respectively nanjing cec panda 6 line, cec panda 8.Five generations line 8 and cec panda in chengdu.Line 6 generations.Nanjing cec panda 8.Line 5 generations by east China science and technology holding listed companies (57.65%), but only 11 belonging to China electronics co.39%.Chengdu cec panda 8.Six generations IGZO LCD production line belongs to east China science and technology, China electronic accounts for only 5.A 65% stake.Nanjing cec line 6 generations of a 51% stake and management entrusted to east China science and technology, 2014, the China electronic may also have nanjing cec panda line 30 6 generation.A 37% stake.
If really boe hosting cec panda, there may be two forms: first, will be three cec panda panel production line revenue merged into Beijing Oriental in the financial statements;Second, only the three CLP panda panel production line management, and to charge a fee.These two forms, China electronics, cec, between east China science and technology have been tried.According to the current information is very difficult to decide between Beijing east and east China science and technology, China electronics will achieve what kind of a custody agreement.
Wit the Display, chief analyst at Lin zhi believes that Beijing Oriental may prefer a second hosting form, so more advantageous to Beijing east.Because the current LCD overcapacity, market demand is also affected by the epidemic, Beijing Orient itself also has the operating pressure, if I will again money-losing cec panda three panel production line added to the results, the management risk of further ascension.
But the second form is not necessarily good for east China science and technology more.Influenced by CLP panda continual losses, east China science and technology is facing the risk of delisting.If the team could not let the cec panda boe profit or improvement, east China science and technology, there are still forced to relist.If in the form of a second host, China electronics, east east China science and technology and Beijing may have reached some agreement, lower east China science and technology risk of delisting.
Since it is, why the Chinese electronics, east China science and technology are still unwilling to cec panda to boe managed?
Step back, if cec panda by sun, boe, TCL huaxing bid, east China science and technology do not receive any benefits, because all three bidders bid is too low, it is also a cec panda before merger has been put on hold.
Cec panda doesn't want to be the price, can compromise.Boe, belonging to the state-owned assets supervision and administration in Beijing, China electronic belongs to state-owned enterprises, China's electronics are more inclined to let Beijing Oriental take over cec panda.In early February 20 this year, east China science and technology, the actual control of the President of the China electronics (CEC) RuiXiaoWu met with in the company headquarters, chairman of boe Chen Yanshun.But the current LCD panel industry downturn, cec panda is still at a loss, is a hot potato, China electronic current boe doesn't seem to like to think the reasonable price of mergers and acquisitions, host could be the result of a compromise.
At present, the host may be China's electronics and east China science and technology have to make a choice.After the past few years of operation, you can see that China's electronics and east China science and technology, has been unable to let the cec panda turnaround electronics China and east China science and technology have to change, is looking for the ability to let the cec panda to reduce losses and even profitable state-owned enterprises flange, to Beijing Oriental is their best choice.If it was not handed over to Beijing east, cec panda losses may continue to expand, east China science and technology will be delisted, this is the worst outcome, electronics China and east China science and technology can't get the worst outcome, so let Beijing Oriental way to take over is managed as soon as possible.
In addition, Beijing Oriental after hosting cec panda will accelerate the process of large size OLED technology research and development.Wit the Display, chief analyst at linzhi (Luffy Lin), says China has led the global LCD market, South Korea, accelerate the transformation to the OLED, boe, also seems to be speeding up developing large size OLED panel technology, but the OLED panel are not completely conquer large size metal oxides TFT backboard, and nanjing cec panda 8.Line 5 generations, chengdu cec panda 8.Six generations line USES a sharp metal oxide TFT backplane technology mature, if custody after the boe will speed up its large size OLED technology breakthrough.
If it is true, cec panda core management shakeup, dominated by Beijing east team.At that time, Beijing east team will promote business synergy and cec panda boe panel, make up for the Beijing Oriental 8.Line 6 generation and lack of the IGZO technology, utilization of capacity, technology, size, price advantages of leading global LCD TV market further, cec panda panel business also are likely to get the part then improve, at the same time, other panel TV enterprise will face unprecedented pressure, will accelerate the liquid crystal panel industry reshuffle.
According to Wit the Display, cec panda three LCD production lines respectively nanjing cec panda 6 line, cec panda 8.Five generations line 8 and cec panda in chengdu.Line 6 generations.Nanjing cec panda 8.Line 5 generations by east China science and technology holding listed companies (57.65%), but only 11 belonging to China electronics co.39%.Chengdu cec panda 8.Six generations IGZO LCD production line belongs to east China science and technology, China electronic accounts for only 5.A 65% stake.Nanjing cec line 6 generations of a 51% stake and management entrusted to east China science and technology, 2014, the China electronic may also have nanjing cec panda line 30 6 generation.A 37% stake.
If really boe hosting cec panda, there may be two forms: first, will be three cec panda panel production line revenue merged into Beijing Oriental in the financial statements;Second, only the three CLP panda panel production line management, and to charge a fee.These two forms, China electronics, cec, between east China science and technology have been tried.According to the current information is very difficult to decide between Beijing east and east China science and technology, China electronics will achieve what kind of a custody agreement.
Wit the Display, chief analyst at Lin zhi believes that Beijing Oriental may prefer a second hosting form, so more advantageous to Beijing east.Because the current LCD overcapacity, market demand is also affected by the epidemic, Beijing Orient itself also has the operating pressure, if I will again money-losing cec panda three panel production line added to the results, the management risk of further ascension.
But the second form is not necessarily good for east China science and technology more.Influenced by CLP panda continual losses, east China science and technology is facing the risk of delisting.If the team could not let the cec panda boe profit or improvement, east China science and technology, there are still forced to relist.If in the form of a second host, China electronics, east east China science and technology and Beijing may have reached some agreement, lower east China science and technology risk of delisting.
Since it is, why the Chinese electronics, east China science and technology are still unwilling to cec panda to boe managed?
Step back, if cec panda by sun, boe, TCL huaxing bid, east China science and technology do not receive any benefits, because all three bidders bid is too low, it is also a cec panda before merger has been put on hold.
Cec panda doesn't want to be the price, can compromise.Boe, belonging to the state-owned assets supervision and administration in Beijing, China electronic belongs to state-owned enterprises, China's electronics are more inclined to let Beijing Oriental take over cec panda.In early February 20 this year, east China science and technology, the actual control of the President of the China electronics (CEC) RuiXiaoWu met with in the company headquarters, chairman of boe Chen Yanshun.But the current LCD panel industry downturn, cec panda is still at a loss, is a hot potato, China electronic current boe doesn't seem to like to think the reasonable price of mergers and acquisitions, host could be the result of a compromise.
At present, the host may be China's electronics and east China science and technology have to make a choice.After the past few years of operation, you can see that China's electronics and east China science and technology, has been unable to let the cec panda turnaround electronics China and east China science and technology have to change, is looking for the ability to let the cec panda to reduce losses and even profitable state-owned enterprises flange, to Beijing Oriental is their best choice.If it was not handed over to Beijing east, cec panda losses may continue to expand, east China science and technology will be delisted, this is the worst outcome, electronics China and east China science and technology can't get the worst outcome, so let Beijing Oriental way to take over is managed as soon as possible.
In addition, Beijing Oriental after hosting cec panda will accelerate the process of large size OLED technology research and development.Wit the Display, chief analyst at linzhi (Luffy Lin), says China has led the global LCD market, South Korea, accelerate the transformation to the OLED, boe, also seems to be speeding up developing large size OLED panel technology, but the OLED panel are not completely conquer large size metal oxides TFT backboard, and nanjing cec panda 8.Line 5 generations, chengdu cec panda 8.Six generations line USES a sharp metal oxide TFT backplane technology mature, if custody after the boe will speed up its large size OLED technology breakthrough.
