欧宝体育

1. Introduction to the Project

1.1 Project background

1.1.1 Project introduction

OLED (organic light-emitting diode) is a current-type organic light-emitting device that emits light through the injection and recombination of carriers, and the luminous intensity is proportional to the injected current. Its working principle is that under the action of the electric field, the holes generated by the anode and the electrons produced by the cathode are injected into the hole transport layer and the electron transport layer respectively, and meet in the light-emitting layer to form excitons, which excite the luminescent molecules and finally produce visible light. OLED is mainly composed of layered structures such as light-emitting layer, electron/hole injection layer, and electron/hole transport layer. The core is the luminescent layer, and color luminescence is achieved by selecting different luminescent materials. Its structure determines that it has the ability to be bent and folded, and flexible display can be achieved by changing the substrate material. The project cooperates with Xinlun New Materials Co., Ltd. to build an OLED industrial base in the Fine Chemical Industrial Park of the New District.

1.1.2 Market prospect

(1) OLED industry chain

According to different material types, the OLED material industry can be subdivided into two major fields: small molecule OLED materials and polymer OLED materials (also known as PLED materials). Small molecule OLED materials occupy a dominant position in the high-end display field due to their excellent luminous performance and stability. Polymer OLED materials, on the other hand, show great potential for flexible display and low-cost manufacturing due to their solution-processability.

The OLED material industry chain includes upstream raw material supply, midstream OLED material preparation and packaging, and downstream OLED panel manufacturing and application.

Upstream raw material supply: It mainly includes precursor compounds, solvents, additives, etc. of organic luminescent materials.

Midstream OLED Material Preparation and Packaging: Raw materials are converted into OLED luminescent materials and encapsulated to protect the material from the external environment.

Downstream OLED panel manufacturing and application: OLED materials are applied to panel manufacturing, and finally applied to end products such as TVs, mobile phones, tablets, and wearable devices.

(2) OLED industry competition analysis and industry development

Advantage:

OLED (organic light-emitting diode) display technology has significant advantages such as rich colors, high contrast, low energy consumption, thinness, and bendability. These advantages have made OLED widely used in many fields such as smartphones, TVs, wearable devices, and automotive displays, and gradually become one of the mainstream display technologies.

Competitors:

Competitors in the OLED industry mainly include Samsung, LG Display, BOE, TCL CSOT, etc. These enterprises have strong competitiveness in technology research and development, production capacity scale, market share, etc. Among them, Samsung and LG Display, as the world's leading OLED display manufacturers, occupy a large market share.

Related Companies:

BOE: BOE has strong R&D strength and production capacity in the field of OLED, and its shipments of flexible OLED products are increasing, and it has made significant progress in the high-end AMOLED market.

TCL CSOT: TCL CSOT actively deploys next-generation display technologies, including Mini LED, Micro LED, flexible OLED, etc., and has made significant breakthroughs in AMOLED technology.

Visionox: Visionox focuses on the R&D, production, sales and technical services of new AMOLED display products, and has a number of OLED international standards and national standards.

Analysis of key enterprises:

BOE: BOE has a leading position in the field of display devices, and has a large number of patent applications in innovative fields such as flexible OLED, sensing, and artificial intelligence. BOE ranks among the top in the global flexible AMOLED panel shipment ranking, and its technical strength and market influence are increasing day by day.

Samsung: As the world's largest OLED display manufacturer, Samsung has a deep accumulation in OLED technology. Its products have been widely used in smart phones, TVs and other fields, and occupy a large market share.

Continuous technological breakthroughs: With the continuous advancement of technology, the resolution, brightness, and color performance of OLED will continue to improve. At the same time, flexible OLED technology will be more widely used, bringing a new form and user experience to smartphones, wearable devices and other fields.

Application field expansion: The application field of OLED is expanding, and in addition to the traditional smartphone and tablet market, it is also widely used in TVs, wearable devices, automobiles, VR, and other fields. In the future, with the further maturity of technology and the reduction of costs, OLED is expected to be used in more fields.

Industrial chain integration: Cross-border cooperation and industrial chain integration will become an important trend in the development of the OLED industry. Through cooperation with more fields, we will jointly promote the innovation and application of OLED technology and promote the coordinated development of the industrial chain.

(3) Prospect forecast of new OLED materials

OLED lighting is a new type of solid-state lighting technology, and it is also the fourth generation of lighting revolution technology after LED. Although LEDs are currently superior to OLEDs in terms of luminous lifetime and manufacturing cost, the gap between their performance and cost is gradually narrowing, and the most critical and decisive factor is that OLED can be used directly as a luminaire, that is, it can do away with all lampshade design, heat dissipation parts, etc., and can simplify the entire lighting industry value chain.

OLED lighting panels are planar light sources, while LEDs are point light sources, which is the biggest difference between the two. Although LEDs can achieve planar light through light guide plates, the light efficiency and light quality presented are far less natural than those of OLED. In addition, the implementation of OLED flexible technology also gives it a considerable competitive advantage.

In recent years, the global OLED market has shown a booming trend, and the global OLED market sales are expected to reach 57.34 billion US dollars in 2030, with a compound annual growth rate (CAGR) of 13.5% (2024-2030). The Chinese market is also showing strong growth momentum and is expected to continue to expand its market share. The OLED industry is in a golden period of rapid development. With the continuous progress of technology and the continuous expansion of the market, the OLED industry will usher in a broader development prospect. As one of the world's important OLED markets, China will continue to make continuous efforts in technology research and development, market expansion, etc., to promote the sustainable and healthy development of the OLED industry, and the project has good market prospects.

1.1.3 Technical analysis

The project can rely on the mature technology of Xinlun New Materials Co., Ltd.

1.1.4 Advantageous conditions of project construction

(1) Policy advantages

On January 29, 2024, seven departments including the Ministry of Industry and Information Technology issued the “Implementation Opinions on Promoting the Innovation and Development of Future Industries”, which pointed out: By 2025, China's future industrial technology innovation, industrial cultivation, and safety governance will develop in an all-round way, and some fields will reach the international advanced level, and the industrial scale will be steadily improved. Build a number of future industry incubators and pilot areas, break through 100 cutting-edge key core technologies, form 100 landmark products, and initially form a future industrial development model in line with China's reality. By 2027, the comprehensive strength of the future industry will be significantly improved, and some fields will achieve global leadership. Major breakthroughs have been made in key core technologies, and a number of new technologies, new products, new formats and new models have been widely applied, forming a long-term mechanism for sustainable development and becoming an important source of the world's future industries.

In 2023, the Ministry of Industry and Information Technology and the Ministry of Finance jointly issued the “Action Plan for Stable Growth of the Electronic Information Manufacturing Industry from 2023 to 2024”, which pointed out: Cultivate and expand new growth points, study and formulate a new round of policies to support the development of the audio-visual industry, accelerate the cultivation of new growth points of audio-visual consumption, promote the high-quality development of emerging fields such as vehicle audio-visual and commercial display, accelerate the cultivation of consumer demand for OLED TV, Mini LED, 8K, 75-inch and above high-end display products, lead the development of new technology for color TVs, and improve profitability.

(2) Advantages of project cooperation enterprises

As an innovation platform for the integration of R&D resources and technical support of the company, Xinlun New Material Technology Operation Center adheres to the mission of leading the sustainable development of the industry with innovation, deeply understands and explores the new needs of customers, takes independent innovation as the engine, integrates the development of industry, university and research, and accelerates the transformation of scientific and technological achievements. It has built 4 domestic industry high-standard R&D centers, 1 postdoctoral workstation enterprise sub-station, as well as overseas R&D branches such as Japan, introduced foreign high-precision R&D and testing equipment, and successively attracted nearly 200 middle and senior technical personnel in China (including Hong Kong and Taiwan), the United States, Japan, etc., and established long-term scientific research cooperation with nearly 20 scientific research institutes at home and abroad, dozens of mainstream terminal brand enterprises, ODM manufacturers and suppliers, and is committed to research and exploration in high-performance new energy materials, electronic functional materials, high-end optoelectronic display materials, silicone materials and other directions.

(3) Talent advantages

Changchun is a city located in a university, with 15 national key laboratories, 83 independent scientific research institutions in Changchun, such as the Changchun Institute of Optics, Fine Mechanics and Physics of the Chinese Academy of Sciences, the Institute of Applied Chemistry of the Chinese Academy of Sciences, and the Institute of Geographic Sciences and Natural Resources Research of the Chinese Academy of Sciences, and 49 colleges and universities such as Jilin University and Northeast Normal University, which can provide senior managers and technicians for the implementation of the project.

(4) Location advantages

Changchun New Area Fine Chemical Industrial Park is located in Changchun New Area, which is located in the geographical center of Northeast China and the core hinterland of Changchun-Jilin-Tumen Pilot Zone as a whole, and is an important node of the Harbin-Dalian Economic Belt and the China-Mongolia-Russia Economic Corridor. The park has a convenient transportation network, including air, rail, high-speed and light rail. In particular, Longjia International Airport, known as the “Northeast Asian air transportation hub”, enable people to reach 2/3 of China's cities in 1.5 hours and fly to major cities around the world in 5 hours.

1.2 Contents and scale of project construction

1.2.1 Product scale

The annual output of OLED light-emitting materials is 500 tons.

1.2.2 Contents of project construction   

With an area of 30,000 square meters, the project is planned to construct Xinlun material OLED base, including the construction of R&D center, pilot test center and other facilities, aiming to build a world-class R&D and production base.

1.3. Total investment of the project and capital raising

The total investment of the project is 1 billion yuan, including construction investment of 800 million yuan.

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales income will be 644.8 million yuan, its profit will be 212.8 million yuan, its investment payback period will be 6.7 years (after the tax, including the construction period of 2 years) and its investment profit rate will be 20.1%.

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

The project is conducive to the formation of a complete industrial chain, promotes industrial upgrading, drives the development of downstream industries, and at the same time drives local employment and plays a good role in promoting local social development.

1.5 Cooperative way

Sole proprietorship, joint venture and cooperation, etc.

1.6 What to be invested by the foreign party

Funds and other ways can be negotiated face to face.

1.7 Construction site of the project

Changchun New Area Fine Chemical Industrial Park

1.8 Progress of the project

Project proposal has been prepared

2. Introduction to the Partner

2.1 Unit basic information

Name: Changchun New Area Management Committee

Address: No. 5799, Longhu Road, Beihu Science and Technology Development Zone, Changchun City

2.2 Unit overview

Changchun Beihu Fine Chemical New Materials Industry Demonstration Park was approved by the Jilin Provincial Government on April 30, 2021, and is the only chemical park in Changchun City that has passed the new certification, and it is also a key project in Jilin Province to promote the high-quality development of the petrochemical industry in the “14th Five-Year Plan”, which plays an important role in promoting the development of biomedicine, new materials, fine chemicals and other industries in the province and cities and Changchun New Area. The total investment of the park is about 11 billion yuan, and the planned area is 9 square kilometers. The planned construction land area of the first phase is 3.698 square kilometers; the planned construction land of the second phase covers an area of 5.3 square kilometers, and as an expansion area for the development of the future chemical park, the overall plan has been implemented simultaneously.

In accordance with the principle of “scientific planning, industrial agglomeration, spatial layout optimization, and sustainable development”, the park will focus on the development of four functional industrial parks, including special chemicals, synthetic materials, chemical raw materials and chemical preparations. Among them, the synthetic material manufacturing park mainly develops high-performance luminescent materials, high-performance composite fiber materials, high-performance engineering plastics, high-performance membrane materials, medical high-value consumables, high-performance adsorption materials, etc.; The special chemicals manufacturing park mainly develops high-performance environmental protection catalysts, functional composite additives, automotive environmental protection adhesives, electronic adhesives, functional compound surfactants, green multi-functional water treatment agents, new energy vehicle battery materials, etc.; The chemical API manufacturing park mainly develops biological reagent raw materials, characteristic APIs, patented APIs, pharmaceutical intermediates, tissue engineering materials, etc.; The chemical drug preparation manufacturing park mainly develops genetic engineering drugs, new vaccines, in vitro diagnostic reagents, antibody drugs, small molecule targeted drugs, nano preparations, microsphere preparations, sustained-release and sustained-control drugs, etc.

New fine chemical materials are important basic materials for strategic emerging industries such as new energy, high-end equipment, electronic information, navigation and aerospace, rail transit, etc., and are the main direction of transformation and upgrading of the petroleum and chemical industry to achieve high-quality development. It has the characteristics of many types of products, high added value, wide use, and large industrial relevance, and can directly serve many industries of the national economy and various fields of high-tech industries. The world's manufacturing powers have taken the development of fine chemical new materials industry as a key development strategy for the upgrading and adjustment of the traditional chemical industry structure. A number of national strategic plans have clearly pointed out that it is necessary to vigorously develop the fine chemical new material industry, enhance the support capacity of the fine chemical new material industry, and promote the coordinated development of the fine chemical new material industry and the automobile, high-speed rail, aviation, biomedicine, new energy and other industries.

Company Overview: Xinlun New Materials Co., Ltd. (hereinafter referred to as Xinlun New Materials) is a new material enterprise founded in 2002, committed to providing high-performance adhesive film materials and precision die-cutting components for consumer electronics, smart display ports, automobile manufacturing and other industries. With polymer polymerization, high-end precision coating and die-cutting processing technology as the core, the company's business covers electronic functional materials, photoelectric display materials, silicone materials, new energy materials, precision manufacturing and other fields, providing customers with one-stop solution services.

Xinlun New Material's business scope is wide, covering the following areas: Electronic Functional Materials: It mainly provides high-purification protective films, double-sided tapes, optical tapes, functional tapes and other products for the consumer electronics and smart display industries.

Photoelectric display materials: It provides flexible display cover film, flexible protective film, solid bend/foldable support film and other products for consumer electronics, smart display and automotive industries.

Silicone Materials: It provides bonding, protection and filling products for smart display and automotive industries, as well as thermal conductivity, heat dissipation and three-proof products for new energy vehicles, 5G communications, consumer electronics and other industries.

New Energy Materials: It mainly provides lithium battery outer packaging materials for new energy vehicles, consumer electronics, and energy storage industries, such as aluminum-plastic composite film, blue film tape, and lithium battery tabs.

2.3 Contact method

Contact Person: Li Lu

Tel: +86-18501651905

Contact method of the city (prefecture) where the project is located:

Contact unit: Changchun Municipal Cooperation and Exchange Office

Contact person: Zhang Junjie

Tel: +86-15704317930

Fax: +86-431-82700590

E-mail: xmc82763933@163.com