A few days ago, Changxin released the third quarter report of 2021, which shows that The revenue of Changxin in the first three quarters of 2021 reached 5.082 billion yuan, an increase of 1.84% year-on-year; the net profit attributable to the shareholders of the listed company reached 799 million yuan, an increase of 0.35% year-on-year. Revenue in the third quarter was RMB1.828 billion, down 2.81% year-on-year, and net profit attributable to shareholders of listed companies was RMB332 million, up 8.82% year-on-year.
Image source: Changxin Technology's third quarter report of 2021
After years of continuous optimization of the layout, the company's leading position in the business areas of automotive electronics, ultra-thin liquid crystal display panels, consumer electronics and other business areas has been established and further consolidated. According to the semi-annual report, Changxin is divided into three major business segments, namely:
Automotive Electronics Business Segment——
Changxin provides customers with vehicle Sensor, car touch module, car cover, car display module and other key components, but also to provide customers with dashboard modules, mirror modules and central control screen modules and other vehicle-mounted touch integrated module packaging business, customers cover Japan, Europe, the United States, Germany, domestic independent brand car manufacturers.
Ultra-thin LCD panel, UTG business segment——
Changxin has accelerated the business layout of flexible foldable cover glass, that is, UTG, and has been shipped in small quantities, and Changxin is the only certified supplier of thinning business in Chinese mainland of a company. The thinning business customer base covers BOE, Tianma, Huaxing Optoelectronics, CLP Panda, Sharp, LG, Innolux, AUO and other well-known panel customers at home and abroad.
Consumer Electronics Business Segment——
It covers smart wearable module and flexible OLED wearable touch display module business, VR display module business, high-end Notebook, Pad module business, mobile phone touch display module and its fully bonded service. Changxin has successfully mastered the core technology of flexible OLED module packaging, and has realized the mass shipment of a variety of high-generation flexible OLED wearable display modules to North American consumer electronics giants; mass-produced VR products have high refresh rate (90Hz) high PPI (772) VR, and single-eye pixels have reached 1832 X 1920 and other core technical indicators.
The first phase has a production capacity of 300K/M, and the joint development project with well-known domestic end customers is progressing smoothly
On August 2, Changxin said in the investor interaction platform that the company's UTT products have the ability to mass-produce and have been shipped in small quantities. The existing capacity of the first phase of mass production is 300K/M, and the planned production capacity can fully meet the future needs and time node requirements of customers. Changxin began to develop UTG-related products in 2019, and currently the product performance and yield are in the leading position in the industry, while the joint development projects with well-known domestic end customers are progressing smoothly.
Image source: Membrane vision
In May, Changxin Technology said at the online performance briefing that there are currently orders for UTG, including panel factories and mobile phone big-name customers.
In terms of touch screen, at present, Changxin Technology has sufficient orders and production capacity pressure, and is building new production capacity, and some new production capacity has been invested;
Regarding customer orders, Changxin Technology said that the current order situation of Company A is good, and the proportion is gradually increasing. At the same time, Company R has been spun off from Company H, related cooperation is advancing, and the company is producing orders from Company R.
The next step in the direction of research and development is the direction of mezzanine space
Changxin Technology once said at the Sieyin DTIC2021 conference that thinning can help the UTT industry chain, and the current mainstream way is still achieved through thinning. Changxin Technology is mainly based on chemical thinning process, and the company's thinning coverage rate is very high. At present, the company's mainstream glass thickness is actually 30μm, but the bendability of 50μm products this year has reached the level of bending of last year's 30μm products.
The next step of research and development direction is to the direction of the sandwich space, and some coatings will be made on the two sides of the glass to further improve the strength of the glass, so that its impact resistance is stronger, more light and thin, and the crease improvement effect is more obvious.
Image source: Silver Film Chain
Source: Silver Film Chain
Note: The information in this article is only for sharing and communication channels, and does not represent the views of this public account
Recommended reports