According to sources quoted by overseas media, AUO’s 33 billion Taiwanese refinance case was launched by 11 lead companies and bookkeeping firms (MLAB).
AU Optronics related sources said that the company will have the new and old move every year, but the specific details of this refinancing are still in further discussions with the bank, and there is no final conclusion. In the industry's view, this financing may be related to AUO's investment in the 8.5 generation line in the mainland.
It is understood that AUO had planned to build a 8th generation (including 8.5 generation line) panel factory in Kunshan, which will be a joint venture with the Kunshan local government. However, due to changes in the economic situation, the panel factory has been delayed for two years.
"At present, Samsung has an 8.5-generation line in Suzhou, and LG also has an 8.5-generation line in Guangzhou. Since AUO has not started the construction of the 8.5-generation line after approval, this refinancing may be related to this. Li Yaqin, research director of Qunzhi Consulting, told reporters that its production capacity in Taiwan is not high, and the panel industry has not been prosperous before. As a result, AUO’s previous earnings performance is not very good, so there is not enough money to take it. Come out and invest.
However, some media reports previously said that Peng Shuanglang, the general manager of AU Optronics, claimed at the financial report conference at the end of July that he finally ended his loss. Due to strong supply performance of high-definition TV LCD panels, net profit reached NT$4 billion exceeding market expectations. This is the first time since AUO's July-September period that it has achieved profitability in 11 quarters.
Li Yaqin said that once the financing funds are used to build the 8.5-generation line, it will have certain impact on AU Optronics: First, it will definitely expand production capacity and be close to the mainland market and customers; secondly, the tariffs on the panel will gradually increase. There will still be room for improvement in the follow-up, localized production as soon as possible, and the future will also help to enhance the competitiveness of AU Optronics.
The financing of panel companies is not a AU Optronics family. Just recently, BOE A (000725.SZ, hereinafter referred to as “BOEâ€) announced that it intends to raise more than RMB 46 billion. BOE's financing mainly solves the capital of three production lines under construction and supplements the working capital for research and development. They are the 5.5th generation AMOLED panel production line invested and constructed in Erdos City and the 8.5-generation new display production line invested in Hefei and Chongqing respectively. The total investment of these three projects is 22 billion yuan, 28.5 billion yuan and 32.8 billion yuan.
In Li Yaqin's view, the overall market for the panel industry is not expanding, and future panel companies will go to the 8.5 generation line. This is the trend. After everyone's 8.5-generation line, it is highly probable that homogenized products will appear, which will make panel companies face more intense competition, forcing panel companies to occupy the share of other suppliers.
AU Optronics related sources said that the company will have the new and old move every year, but the specific details of this refinancing are still in further discussions with the bank, and there is no final conclusion. In the industry's view, this financing may be related to AUO's investment in the 8.5 generation line in the mainland.
It is understood that AUO had planned to build a 8th generation (including 8.5 generation line) panel factory in Kunshan, which will be a joint venture with the Kunshan local government. However, due to changes in the economic situation, the panel factory has been delayed for two years.
"At present, Samsung has an 8.5-generation line in Suzhou, and LG also has an 8.5-generation line in Guangzhou. Since AUO has not started the construction of the 8.5-generation line after approval, this refinancing may be related to this. Li Yaqin, research director of Qunzhi Consulting, told reporters that its production capacity in Taiwan is not high, and the panel industry has not been prosperous before. As a result, AUO’s previous earnings performance is not very good, so there is not enough money to take it. Come out and invest.
However, some media reports previously said that Peng Shuanglang, the general manager of AU Optronics, claimed at the financial report conference at the end of July that he finally ended his loss. Due to strong supply performance of high-definition TV LCD panels, net profit reached NT$4 billion exceeding market expectations. This is the first time since AUO's July-September period that it has achieved profitability in 11 quarters.
Li Yaqin said that once the financing funds are used to build the 8.5-generation line, it will have certain impact on AU Optronics: First, it will definitely expand production capacity and be close to the mainland market and customers; secondly, the tariffs on the panel will gradually increase. There will still be room for improvement in the follow-up, localized production as soon as possible, and the future will also help to enhance the competitiveness of AU Optronics.
The financing of panel companies is not a AU Optronics family. Just recently, BOE A (000725.SZ, hereinafter referred to as “BOEâ€) announced that it intends to raise more than RMB 46 billion. BOE's financing mainly solves the capital of three production lines under construction and supplements the working capital for research and development. They are the 5.5th generation AMOLED panel production line invested and constructed in Erdos City and the 8.5-generation new display production line invested in Hefei and Chongqing respectively. The total investment of these three projects is 22 billion yuan, 28.5 billion yuan and 32.8 billion yuan.
In Li Yaqin's view, the overall market for the panel industry is not expanding, and future panel companies will go to the 8.5 generation line. This is the trend. After everyone's 8.5-generation line, it is highly probable that homogenized products will appear, which will make panel companies face more intense competition, forcing panel companies to occupy the share of other suppliers.
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