TPK-KY Will Raise Nearly 200 Million U.S. Dollars For Expansion
Apr 22, 2018
TPK-KY Yu Hong (3673), approved by the board of directors, will apply for a bank loan, with a financing scale of approximately 120 to 200 million U.S. dollars (TWD 3.6 to 6 billion). The market is estimated to be used for investment expansion. Hao Hong returned to Apple's iPhone touch panel supply chain this year and will build capacity for new iPhone touch-fit orders this year. This year's capital expenditures will be 7.5 billion yuan, an increase of 60% compared to the previous year, and it is also a high point in recent years. .
Qi Hong proposed to apply for the total amount of credit grants to repay the liabilities of financial institutions and enrich the needs of medium-term working capital, and appointed Zhaofeng International Commercial Bank as the host bank. The total amount of lending is set to be between US$120 million and US$200 million. The exact amount of application will be determined according to actual needs and is expected to be completed in April.
Apple will launch a new iPhone with a 6.1 inch LCD screen this year. The new iPhone touch technology will return to the plug-in touch, and the touch module will be affixed to the orders by Hao Hong. The two touch panel makers will therefore invest in new equipment. Capital expenditures are all highs in recent years. It is generally believed that Yuhong’s financing is mainly for the purpose of investing and expanding production this year.
Qihong’s estimated capital expenditure for this year is 7.5 billion yuan, an increase of 62% compared to last year, of which 6 billion yuan is for machinery and equipment investment, and 1.5 billion yuan is for new plant construction. The customer's new machine technology is more difficult and the unit price for shipping is relatively high. In the second half of the year, the volume of goods will be exported. It is expected that the operation in 2018 will be followed by a jump. Yuhong returned to profit last year. Looking forward to 2018, the overall revenue will certainly grow under the orders of mobile touch panel. However, due to the competition among peers, the interest rate will be affected. The company will try to improve the yield and production. Efficiency, trying to improve profitability performance.
The total amount of the capital expenditure budget for the industry into 2017 was as high as RMB 11.479 billion, which not only doubled the amount of investment, but also set a record high for years. In 2018, the industry will continue its expansion plan last year, and some of the capital expenditure will be deferred until this year. In the first quarter of 2011, the Board of Directors approved a capital expenditure budget of 4.861 billion yuan, which will be used for the expansion of the module at the end of the NB panel. The current monthly capacity of the NB panel is about 300,000 modules, and will double to 60 in the second quarter of 2018. 10,000 to 700,000 tablets. In addition, for the 6.1-inch LCD screen iPhone, Yee Shing plans to spend RMB 3 billion to build capacity in Chengdu.
