East China science and technology, China in the field of new panel shows once again lead the world. Reporter learned that, including fortis haitong, bocom schroeder, fresh water springs 14 institutions such as recent field research to the company. Institutions generally focus on east China science and technology IGZO8.5 generation line production situation.

High-tech growth stock is a favorite of institutions. Look from the nasdaq to history, through the cycle of callable bull/bear contracts and implement ten double long is high-tech growth stocks.

"Mobile Internet era in the demand for smart handheld devices, particularly small and medium size display enormous market demand. The display panel industry at the stage so the amount of the boom of high price, we are very bullish on east China science and technology, the backwardness of continuous competitive advantage." 10, a Shanghai investment manager, has just come back from company research, told reporters that "although IGZO OLED has quite strong compatibility, but in order to cope with competition in the future, east China science and technology has already begun in this layout.

The investment manager is referring to the 8.6 generation line east China science and technology is the construction of chengdu. On August 25, east China science and technology, according to the announcement by the three parties friendly consultation, CLP for chengdu panda display technology co., LTD., increase the registered capital, increased from 031 million yuan to 14 billion yuan.

It is reported that chengdu project main products for the large size high resolution (4 k * 2 k, 8 k * 4 k) IGZO TV panel, the future is compatible with production for IGZO back OLED TV panels. Representative products include 50 ", 58, 68 "super clear TFT - LCD TV panels (Open Cell) and 32" display panel. The construction period of project plan with a total investment of 28 billion yuan, 2 years. After the completion of the project is expected to reaches producing an average annual business income is 11.255 billion yuan; Financial internal rate of return is 3.7%, the investment capital is recovered in 11.24 years.

Company insiders said, east China 8.6 generation lines in chengdu to participate in the investment of science and technology, the future will also participate in the operation of OLED. At present, the company has 4.5 generation of line as the line, also can explore make OELD. IGZO and OLED way is the same as before, made OLED IGZO backboard, can achieve supply at present.

"Investment need to be forward-looking. East China science and technology of PB value is lower, the panel industry is the industry for a long period of time, the original institutions focus on less. Attention to ascend, the recent company related to panel prices and produce an imminent." Beijing investment sum of a large private equity firms, said "east China science and technology last year completed a $10.5 billion increase, the company's assets quality is very good, the net assets of 18.2 billion yuan, which increases the assets after years of cleaning before are relatively high quality, the company focused on 8.5 generation of line, the small and medium-sized panel displays in the global areas with strong competitiveness".

East China science and technology is turning point in performance. Several research report pointed out that the face of it, the company revenue of 1.1 billion yuan last year, revenue of 422 million yuan in the first half of this year, but the later advantage cannot be ignored. Especially for sharp 8.5 generation of line, more globally competitive.

IGZO citic securities technology team points out, is a new kind of backplane technology, can be used in LCD, can also be used in OLED. Several large size of LG OLED panel used in the IGZO technology. IGZO technology characteristics are more suitable for large size high resolution products, improve the competitiveness of the LCD panel.

IGZO electron mobility is higher, for panel precision can do is higher; Another advantage is more save electricity, relative to a - si has the advantages on energy consumption. In addition, compared with the traditional LTPS, IGZO leakage current is small, relatively lower power consumption, the low frequency drive; Currently using LTPS technology line up to 6 generations, can't do big size of the panel.

East China science and technology in the IGZO industry has a leading edge. Global currently working on IGZO has two, one is a sharp, is nanjing science and technology, samsung, LG and group ChuangDou is can only make a small part of capacity is low.

Huge market space IGZO panel in the future. At present, the east China science and technology are closely linked with apple, technical contact already. Familiar with panel industry technology personage points out, "if use IGZO except apple IPHONE's other products, on the IGZO industry constitution. Once the east China science and technology into the apple of apple's supply chain, the company will quickly take off".

According to introducing, 8.5 generation line of east China science and technology to implement differentiation strategy, market competition is the world's leading metal oxide IGZO technology, mainly small and medium-sized panel production ultra-high resolution in the future. At present, the company has established a research and development, procurement and market three centers, can effectively achieve the unified purchase and sale, further reduce operating costs.

East China science and technology and a half annual report, at present, the company is close to full capacity, in recent months orders continue to increase. "The company will timely adjust production distribution according to customer demand, the small and medium-sized screen and screen half, slightly adjust. This early planning"

The boom of panel industry is high. According to the half of the annual report disclosure customer, east China science and technology major customers include samsung, meizu, lenovo, dell, asus, acer, HP, etc. Company mainly customers for three aspects: the television screen, main is 55 inches panda brand, samsung has small batch delivery; Medium screen with dell, HP, lenovo, apple, asus, acer, six notebook 90% of the world, these companies are small batch delivery; Mobile phone screen in the meizu is doing certification, now also is not very big.

Electronics manufacturing industry experts point out that, in addition to the unique advantages in terms of display, IGZO than LTPS costs by 30% or so, two process to reduce exposure, high qualified rate of 10-15%.

As electronic information group's listed companies in China, east China science and technology of mixed pilot reform is still waiting for a group, the overall package. People familiar with the matter said, as a fully competitive high-tech fields, one characteristic of employee stock ownership plan in the future should be. Even so, in order to arouse the enthusiasm of executives and professional and technical personnel, east China science and technology will have special incentives.

In the face of the outbreak of the final demand, 8.5 generation lines in east China science and technology, the production will change the traditional panel competitive landscape. Market participants pointed out that the IGZO both performance and cost advantages, is expected to become the new mainstream display solutions. Backed by China electronic information group, as a listed company, east China science and technology will continue to be leading in technology iteration and financing advantages.