Market Outlook after TCL Huaxing Acquires LGD Guangzhou Factory

LGD's Guangzhou factory has been in operation for 11 years, with mature management, a number of key display technologies, a monthly production capacity of 180K, and a supporting module factory with a monthly production capacity of 2.3 million units. The net profit of the two factories will exceed 1.1 billion yuan in 2023, with good quality and profitability. After the acquisition, TCL Huaxing's annual LCD TV panel shipments will exceed 50 million pieces, far exceeding the third place.