Shenzhen Enrich Electronics Co.,Ltd

It is reported that Yun Gu Gu An 6 AMOLED production line project plans a total investment of 30 billion yuan, the design capacity of 30,000 film / month, the substrate size of 1500 mm × 1850mm, the main production of small and medium size flexible AMOLED display, covering smart wear , Mobile phones, VR display and professional display applications.

It should be noted that, LGD8.5 behalf of the OLED panel production line, targeting television, electronic billboards and other large-size screen, the current black cattle food will not have direct competition. However, as the above-mentioned investors said, China has created too much demand for this business card OLED, so the domestic OLED project has become the focus of attention from all walks of life.

Fund, will increase, guarantee Black Cat transformation "burn money" non-stop

Former soy milk tycoon Black Bull Food, listed seven years has gone through four business transformation, the first three transitions and even the cocktail business, but the performance has been difficult to improve. After the "Happy System" entered the Black Bull food, the fourth business transformation began to "go food-oriented" and aimed at the business of photovoltaic panels.

July 22, 2016, Black Bull Food announced that it intends to hold 100% stake in Black Cattle Industry, 100% stake in Jieyang Black Cattle, 100% stake in Anhui Black Cattle, Guangzhou Black Cattle 100% stake in Black Cattle Marketing 100 % Of the shares sold outside. In January 2017, the above transaction was completed and all food and beverage assets of Black Bull Food were set aside.

On September 14, 2016, Black Bull Food announced the plan of non-public issuance of stocks, intending to raise funds to not more than 18 billion no less than 10 billion investors in the OLED industry from Kunshan Guochu, Tibet Zhihe and other not more than 10 investors.

However, in May 2017, the 4th Board of Directors of Black Cattle Food Co., Ltd. adjusted the amount of raised funds in the non-public offering plan, and the amount of raised funds to be used for the 6th generation AMOLED panel production line project was reduced from 14 billion yuan to 11 billion yuan Yuan, the total amount of funds raised from 18 billion yuan to 15 billion yuan. On June 27, the same year, the joint venture capital fund company known as Hebei, Langfang City, New Display Industry Development Fund, Huaxia happiness jointly set up 10 billion "Hebei New Display Industry Development Fund" was approved by the business, the fund focused on the Valley 6th Generation AMOLED and related new display items.

On August 15, 2017, the application for non-public issuance of the aforesaid shares of Black Cattle Food was examined and approved by the CSRC and was formally approved by the CSRC on November 6. The fixed-increase plan is approved after the completion of the OLED industry in the country has a leading position in the national photovoltaic and its subsidiary Visionox, become an indirect holding subsidiary of Black Cattle Food.

In addition, in order to meet the needs of daily operations and business development, Black Cattle Food also agreed that Yun Gu Gu An will carry out financial leasing business in the form of after-sale rent-back and continuously raise its guarantee limit.

Due to the divestment of the food and beverage business, the OLED project continued to "burn money" and was under construction. In the short term, it was difficult to make steady profit. In the first three quarters of 2017, the revenue of Black Bull food business was 20.4363 million yuan, down 86.03% over the same period of last year; net profit was -6093.47 million, a year-on-year decrease of 227.4019%. Season, Black Bull food was more than the main body holdings.

However, the Northeast Securities analyst Wang Xiaoyong that driven by performance upgrades of intelligent electronic devices, OLED demand will usher in a period of rapid growth, with Guoxian Optoelectronics industry leader, the Black Cattle food is expected to long-term benefit.