Since the price war, various panel companies have been impacted.Among them, the situation of the panel companies on the island and the PADA Electronics Group is very bad, and they have incurred huge losses."
Dongfang Technology is okay, it's just a slight loss."
Xiao Bai sometimes has to admire Wang Bin, and Wang Bin's strong financing ability sometimes makes Xiao Bai feel out of reach.But in any case, Dongfang Technology has been left far behind by Times Optoelectronics, including all aspects such as technical level and enterprise scale.After a little sigh, Xiao Bai put the compilation of business information on the table and continued to deal with the work at hand.When he was about to get off work at noon, Zhou Siyi knocked on the door and walked in."
Dean Zhou, you sit down first, and I'll be fine right away."
Xiao Bai still had one last document to deal with in his hand, he looked up and smiled at Zhou Siyi, and then hurried to finish the matter at hand."
Xiao Dong, the institute has recently established a number of new research projects.I need more money now, shouldn't you, the big boss, support it?
”As Zhou Siyi spoke, he handed a report in his hand to Xiao Bai.Xiao Bai glanced at it, this is a report on applying for funds, to put it bluntly, it is to reach out for money, and attach a detailed description of each new research project.These research projects cover all aspects of the core areas of the era system, and they are all technologies that will seize market opportunities in the future, and they are worth investing in."
Dean Zhou, first of all, I will transfer 8.8 billion yuan to you from Times Technology Group.Then it's time for you to talk to the companies. ”The operation mode of the Times Science and Technology Research Institute is very special, and the basic research basically relies on the investment of the Times Science and Technology Research Institute.The research of applied technology depends on the investment of various enterprises of the times.The basic research that Xiao Bai has invested in is actually very important, and many applied technologies are transformed from basic research results.The technical patents of these basic research results are in the hands of Times Technology Group, and whoever wants to use them must be authorized.Of course, Xiao Bai does not currently collect royalties from his company.However, if a company outside of the Times Department uses these patented technologies, it will have to pay money.And Xiao Bai values the technological progress of various enterprises in the era system, and nothing else matters."
Xiao Dong, you are so generous today!"
Zhou Siyi smiled and watched Xiao Bai sign the report, he quickly took it and grabbed it, and was happy for a long time."
Stop standing there and giggling!
Dean Zhou, let's go to dinner together. ”Xiao Bai looked at his watch, it was already time to get off work at noon.He really wanted to eat Hunan cuisine today, so he took Zhou Siyi to leave the headquarters park and went to a Hunan restaurant by car."
Dong Xiao, do you guess which company has the most patents in our era?
I recently made a statistic that the company has the largest number of patents is actually Times Optoelectronics, with more than 70,000 patents worldwide, ranking first among all enterprises in the Times Department. ”Neither of them drank at noon, chatting while eating.Zhou Siyi suddenly remembered this question, so he told Xiao Bai."
Well, that's pretty much what I'm talking about.The development of Times Optoelectronics is full of legends, and it is difficult for other companies to replicate its successful experience. ”Xiao Bai said with feeling.Of course, there is another fact behind this that cannot be concealed, that is, Times Optoelectronics is the largest investment enterprise in the entire era system, and there is no one.Moreover, the profit index of Times Optoelectronics is also one of the worse among all enterprises.In recent years, hundreds of billions of yuan have been invested in the new production line alone, coupled with huge R&D costs and the characteristics of industry cycle fluctuations, it is no wonder that the benefits can be good.However, where there is sowing, there will be reaping.After surviving this difficult period of huge investment, the harvest season of Times Optoelectronics is coming.After eating, the two returned to the headquarters park together.Zhou Siyi went to Mu Ziyuan to allocate funds, and Xiao Bai returned to the office alone.After he sat down, he called Shang Liancheng and Chen Yisheng separately, mainly to inquire about the progress of the project.When he finished the call, Mu Ziyuan knocked on the door with a financial express and walked in."
Chairman Xiao, we previously purchased the 10 billion yuan bond issued by Times Optoelectronics (Holdings) Co., Ltd., and spent another amount of money to participate in the additional issuance of Times Optoelectronics Co., Ltd.Just now, 8.8 billion yuan of R&D funds were allocated to President Zhou, and the current account is ......."
Xiao Bai looked through the report, and Mu Ziyuan also explained on the side.At present, there is still 90 billion yuan of cash left in the account of Times Technology Group, and the sufficient funds are eye-catching."
I'll leave the report here, and I'll take a closer look at it when I get back."
Lao Mu, don't be bitter, money is for use, and if you don't use it, it won't generate value. ”Xiao Bai smiled and made a joke with Mu Ziyuan, Mu Ziyuan is like this, as long as he spends a large amount of money from the company's account, he will feel distressed."
Haha, no, no."
Mu Ziyuan snorted, and then reported to Xiao Bai about the recent audit work before getting up and leaving.As the price war for LCD panels intensifies, the latest quarterly financial report of Times Optoelectronics Co., Ltd. also worries investors.The company's profit metrics for the quarter fell sharply, with profits down 47% compared to the same period last year.Reflecting on the stock price, the H-share price of Times Optoelectronics has fallen below HK$20 and fluctuated back and forth above HK$18."
Xiao Dong, this time the institutions that participated in the additional issuance of H shares of Times Optoelectronics can be regarded as trapped.The company's subsequent development should be fine, right?
”Weekend.Xiao Bai came to Xiangjiang.Lin Jiadong asked him to have dinner together, and when he was drinking, he deliberately talked about the stock price of Times Optoelectronics.In fact, in this round of additional issuance, Lin Jiadong, Zhang Yilin, Jiang Yifan and others all participated, but this time it was in the name of Zhang Yilin's company.The price of the additional issuance was 24 Hong Kong dollars, and now it is only 18 Hong Kong dollars, which is a drop of 6 Hong Kong dollars."
The problem now is that South Korean companies such as S Star are aiming at the soft underbelly of Times Optoelectronics and are fighting for price.Times Optoelectronics has a serious shortage of production capacity in OLED panels, and opponents are pushing OLED panels, and the competition between the two sides lies in this.However, Times Optoelectronics has previously built two 6th generation (flexible) LTPS\AMOLED production lines in Rongcheng and Shancheng at the same time.After these two lines are completed and put into operation, the output of OLED screens can be increased by about 100,000 pieces per month, and the problem of production capacity will be solved. ”Xiao Bai did not directly say the conclusion, but patiently gave Lin Jiadong an example of Times Optoelectronics' response measures.From these details, it can be easily concluded that the difficulties are only temporary, and in the long run, Times Optoelectronics will definitely have better development."
Xiao Dong, I understand when you say that!
Come, let's get on with the drink!
”After listening to Xiao Bai's narration, Lin Jiadong felt confident in his heart.So he didn't continue the topic, picked up his wine glass and touched Xiao Bai.Xiao Bai smiled slightly, and then drank the wine in his glass.In fact, there is one more thing he didn't tell Lin Jiadong, he has a bigger plan in his heart, that is, after a while, he is ready to launch the world's first 10.5 generation TFT-LCD production line.As an outstanding representative of large-size LCD panels, this line will produce ultra-large LCD screens of 65 inches and above.If this 10.5 generation production line can be completed and put into production first, it means that Times Optoelectronics has no rival in the LCD field.He asked Shang Liancheng, Zhou Siyi and others to build a high-generation 10.5 generation TFT-LCD production line of the highest standard, with a total investment of about 40 billion yuan.The technology of this production line is still the use of mature a-Si\LCD technology, in addition, Xiao Bai also plans to build a 6th generation Oxide\LCD production line to further consolidate the hegemony of Times Optoelectronics in the LCD field.S star took the lead in the small-size OLED screen, and even did not hesitate to launch a price war for LCD products.However, LG's progress in large-size OLED panels lags behind a lot, and in the next eight to ten years, large-size panels will still be the world of LCD screens.Therefore, the burning of time optoelectronics is far from the end of the moment.But this does not mean that the stock price of Times Optoelectronics will remain sluggish, considering the cyclical nature of the LCD panel industry, its stock price is still dominated by large fluctuations.If there are no special changes, the share price of Times Optoelectronics' H shares will run between HK$15 and HK$90.As an expert in the securities market, Lin Jiadong is also very aware of this.The question he asked Xiao Bai today was to confirm whether the company's fundamentals had changed qualitatively.If not, when the next strong cycle comes, the stocks of Times Optoelectronics in his hands will definitely perform well.After a meal of nine o'clock in the evening, the two got up and left the private room."
Looking for a place to sit?"
When he came downstairs, Lin Jiadong was still a little unsatisfied."
Forget it, let's go home early and rest."
Xiao Bai smiled and shook his head, tomorrow he is going to take Chenchen and Ziyu to Tokyo Disneyland with Liu Xiaoling, let's go to bed early and get up early."
Okay, let's go around Europe together in a few days."
Lin Jiadong was not verbose, and immediately got into his car.Xiao Bai also got into his car, and then went straight to the villa on the top of the mountain.Monday.Xiao Bai, who ended his two-day vacation, flew directly back to Shencheng from Tokyo.After going to work, he met Shang Liancheng."
Mr.
Shang, when did you come back?"
Xiao Bai has been out on vacation for the past two days, and he has not been in contact with the monk, so he was a little surprised to see the other party."
I arrived last night, and the construction of the project has been handed over to Mr.
Chen and one of my deputies, and there will be no problem with them."
Shang Liancheng has also attached great importance to cultivating talents over the years, and several of his deputies have been able to take charge of themselves to this day.For example, when he left Deep City, the work of the company's headquarters was generally in charge of his deputy, and there was never any chaos.After training, several of his deputies are also able to fully control the construction of large-scale production line projects.In addition, Chen Yisheng was in Rongcheng and Shancheng to check the gates, so he was busy with the construction work in the early stage of the project and returned to Shencheng to sit down.