Eleven billion! Vigna invested in the construction of the sixth generation of flexible AMOLED module production line 29th,Nov,2022

                                              On November 25, Vicigna Technology Co., LTD. (hereinafter referred to as: Vicigna) announced that the company and Hefei Municipal People's Government signed the "Hefei 6th Generation Flexible Active Matrix Organic Light-emitting Display Device (AMOLED) module production line project Investment framework Agreement". Both parties agreed to take Hefei Vicigna as the investment, construction and operation platform of the production line project.



Eleven billion! Vigna invested in the construction of the sixth generation of flexible AMOLED module production line



The announcement shows that the total investment of the project is 11 billion yuan, of which the registered capital of the project company is 5.5 billion yuan, Hefei Dongxin invested 2.5 billion yuan (equity ratio of 45.4545%), Hefei Xincheng invested 500 million yuan (equity ratio of 9.0910%), The company invested 2.5 billion yuan (equity ratio 45.4545%). The company gave up part of the priority subscription right, and the project was located in Hefei New Station high-tech Industrial Development Zone.



It is reported that the project can achieve an annual output of 6 ~ 12 inches of flexible AMOLED module products 25.99 million pieces, including but not limited to curved surface, folding, three folding, medium size and other types of flexible module products, covering smart wear, mobile phone (including folding mobile phone), vehicle and professional display and other application fields.



For the purpose of the foreign investment, Vigna said that the screen, as an important carrier of information display in the era of digital economy, is a key window for human-computer interaction. The new display technology represented by flexible AMOLED has received close attention from the market through its advantages such as flexibility and high picture quality. Based on the flexible characteristics, various flexible products such as curved surface, folding in half and folding in three have been derived, covering many fields such as smart wear, mobile phone, vehicle mounted and professional display, creating a huge market potential.



Opening the third quarter report of Vicigna, the company achieved operating revenue (adjusted) of 4.834 billion yuan in the first nine months of 2022, with a year-on-year growth of 13.26%, mainly due to the increase of OLED product sales.



The 11 billion yuan investment is nearly 2.3 times Vercigna's third-quarter revenue. But other co-investors have deep pockets.



For example, Hefei Xincheng has a registered capital of 5.66 billion yuan, and its main business is asset management services for investment with its own funds. The actual controller is the Finance Bureau of Hefei New Station High-tech Industrial Development Zone.



Hefei Dongxin registered capital of 10 million yuan, mainly engaged in project investment, the real control of the Chaohu Municipal People's Government office.