Rewrite the Technological Landscape

On June 26, Meng Qian made a trip to Shencheng, where a groundbreaking ceremony was held. Huaxia's first 6th-generation production line had completed its installation and could officially start construction.

"It's not easy." Wang Shengdong faced the 6th generation factory with tears in his eyes.

Although there is still a gap between the 6th generation line and Neon Country and Koryo Country, at least it is a very difficult progress for Huaxia.

Ge Junlong, the new general manager of Shanghai Radio and Television, is relatively calm, "With the sixth-generation line, the cost can finally come down, so that the pressure on everyone can be reduced."

Although Meng Qian's price war did make life difficult for Taiwan Province and Nihong Country, it also made life difficult for these enterprises in mainland China.

This was originally a tactic to kill one thousand enemies and harm eight hundred. Fortunately, Meng Qian went to the country to provide some support early in the morning, and arranged for the West Lake Club in advance.

With the dual support of the state and the West Lake Club, everyone can barely survive the price war, but Shanghai Radio and Television is actually still losing money, and everyone is looking forward to the early arrival of the sixth-generation line.

Regardless of whether capital can be preserved or not, at least a little less loss is good.

After the groundbreaking ceremony was completed, Meng Qian and others took the workers to have a groundbreaking meal together, and then Huaxia's first sixth-generation production line began to work.

Not only have the orders of several home appliance companies planned by Julong come in, but orders from several other home appliance companies in China have also followed. Recently, the demand for LCD screens has continued to decline, which means that the neon country Korea And the LCD screens in Taiwan Province can't be sold anymore.

"Taiwan Province has just launched a rescue plan for the LCD screen industry recently." After the meal, everyone sat together to discuss.

"How much did you spend?" Meng Qian was busy with other things these days, but he didn't pay much attention to this thing.

"One billion yuan."

Meng Qian probably did some calculations, "It's not a lot of money for a few companies to share one billion yuan, and the biggest problem for Taiwan Province now is not money, but orders."

"Yeah, Chi Mei Electronics just closed a factory last month, and Innolux directly cut production by 30%. If the companies in Taiwan can't fight the price war, then it makes sense to give them money. The problem is that Dafeng Group and Sony directly Their market has been strangled."

"Mr. Meng, how many orders from Taiwan Province have you taken away?" Ge Junlong asked curiously.

"Let's put it this way, we have taken at least half of the low-end orders from Taiwanese enterprises, and Sony has swallowed about 35% of the mid-to-high-end orders. Coupled with the sharp drop in industry demand under the subprime mortgage crisis, this year's Taiwan Province The order volume is now estimated to be 30% of last year's, which is pretty good."

"If the market demand continues to tighten, I'm afraid Taiwan and the province won't be able to survive this year, but the Dafeng Group has paid a lot of money in this price war, right? You have reached the third round, and we dare not follow .”

"Well, more than 2 billion has already been entered, and now we sell a 17-inch screen at a direct loss of 230. I calculated that if this continues this year, at least 5 billion will be prepared."

5 billion was already a life-and-death figure for other companies in 2008, but for Meng Qian, it was still within the acceptable range.

Of course, Meng Qian was still very helpless in front of people, and he couldn't show that he didn't take 5 billion as money.

"Taiwan is the most difficult place to live right now, but Koryo and Neon are not much better. Samsung and LG have cut production, and Sharp just closed a factory last week.

Now the entire market has entered a cold winter, and everyone is actually suffering. "

"Samsung has recently been fighting fiercely with Tsinghua Unigroup in the field of memory. I heard that Tsinghua Unigroup has invested more than a billion dollars."

"All in all, winter is coming, everyone should prepare for the worst." Wang Shengdong looked at Meng Qian when he said this.

Everyone else also looked at Meng Qian tacitly.

Meng Qian understands everyone's meaning. In this difficult winter, it is particularly important to report to the group for heating, but in the past, everyone lacked the foundation to hold a group for heating.

And now, the emergence of the West Lake Club has given everyone the best platform for mutual assistance.

Although everyone has not yet linked the emergence of the West Lake Club to the subprime mortgage crisis, it has to be said that the emergence of the West Lake Club has really helped many Chinese companies at this critical moment.

It is also impossible for Meng Qian to talk to everyone about his prophetic problem, so he just smiled lightly, "Let's get through it together, we will definitely see a rainbow after the storm."

Returning to the company from Shencheng the next day, Meng Qian immediately called Shao Yibo into his office, "I heard from Sister Sun that the HR department has recruited a lot of talents in the LCD screen industry from Taiwan, and your acquisition plan is progressing." How is it?"

"AU Optronics, Chi Mei Electronics, Innolux, and Hanyu Caijing have very tough attitudes, and they would rather go bankrupt than give us Dafeng Group an acquisition opportunity, but Chunghwa Picture Tubes, they have the idea of ​​selling. "

"Chungh Picture Tubes? Isn't Chunghwa Picture Tubes known as the Whampoa Military Academy of the LCD screen industry in Taiwan? They are willing to sell the company to us instead?"

Chunghwa Picture Tubes is indeed the Whampoa Military Academy of the LCD screen industry in Taiwan Province, the leader of the five tigers of the old panel in Taiwan Province, and went bankrupt in 2018. There are many interesting things here, but Meng Qian is not very familiar with the situation of Chunghwa Picture Tubes, so Shao Yibo explained the situation inside to Meng Qian.

"Chungh Picture Tubes' current position in Taiwan Province is actually to a large extent that everyone is giving him face. When it monopolized technology in Neon and Korea, it was Chunghwa Picture Tubes who broke through the encirclement and won Mitsubishi's technology, thus opening The explosion of LCD screens in Taiwan Province.

The development of the other four tigers among the five tigers of the old panel in Taiwan has benefited from everything brought by Chunghwa Picture Tubes, so everyone has to respect Chunghwa Picture Tubes.

Chunghwa Picture Tubes has encountered a core problem in the past few years, family struggles. Chunghwa Picture Tubes was created by Lin Zhenyuan, the second son of Lin Tingsheng's second wife.

So in 2003, because the parent company Datong Group was in the hands of Dafang, Lin Zhenyuan was directly pulled down through the rights of the parent company’s board of directors.

But in 2006, Mr. Lin passed away, and the Dafang side naturally couldn’t accommodate Lin Zhenhong. In March last year, with the help of CPT’s loss of 13.9 billion Taiwan dollars, Lin Zhenhong was directly voted to step down through the board of directors, and the two sons of Erfang were kicked out. . "

"It's really a palace fight." Meng Qian shook his head and sighed, and then suddenly thought of something, "I remember that Chunghwa Picture Tubes seems to have been losing money for the past few years, and the reason for Lin Zhenhong's resignation is because of the loss, isn't it?"

"Everyone's thoughts are similar to Mr. Meng's. Although the specific situation is only known to them internally, several other LCD screen companies in Taiwan Province have been making profits in the past few years, but Chunghwa Picture Tubes has been losing money.

Moreover, people have been expanding in the past few years, but Chunghwa Picture Tubes has only two 4.5-generation lines and one 6-generation line until now. The other four tigers have embarked on a strong development path of mergers since 2005. Even AUO and Guanghui have merged. Only Chunghwa Picture Tubes has not made any decent moves. Lin Zhenhong released many valuable decisions when he was in office. Not a single thing gets done.

More importantly, when Lin Zhenhong came to Taiwan last year, Datong Group began to announce that he planned to sell Chunghwa Picture Tubes. All this seems to point to a fact. "

"Sacrificing the future of Chunghwa Picture Tubes directly for the sake of family strife, hey, people." Meng Qian couldn't help but sigh, "But since Chunghwa Picture Tubes intends to sell, why no one takes over?"

"The key reason is that what I said just now exists in name only. The title of the Whampoa Military Academy is just for saving face. The current strength of Chunghwa Picture Tubes is really not good. Although Chunghwa Picture Tubes still has the title of top five LCD panels in the world, its market share Only 6%, being thrown out by the fourth place, Samsung's annual revenue has reached four times that of Chunghwa Picture Tubes.

However, because everyone gave face, Chunghwa Picture Tubes is still the top five LCD screens in Taiwan, and it is still the Whampoa Military Academy in Taiwan's LCD screens. The valuation is obviously a bit inflated.

But at this time, the subprime mortgage crisis happened again, and everyone had no money and overcapacity. Naturally, no one was willing to buy.

Moreover, CPT's low stock price and large share capital are not conducive to mergers and acquisitions with other companies. "

Shao Yibo's opinion is still very accurate. After the financial crisis passes, Chunghwa Picture Tubes will not be able to sell it any more, because the parent company has never thought about managing it properly. When the financial crisis backstage province was betrayed by Korea, Chunghwa Picture Tubes He was sued by the United States again, and then he broke the jar and fell to the ground. He couldn't pay the electricity bill, and he relied on the parent company's face to owe debts to survive.

A legendary enterprise of a generation was killed because of family strife.

"How much are they willing to sell now?"

"18 billion soft sister coins, including the equity in Huaying Technology."

"What do you think of the price?"

"If you only look at the assets, it's okay, but the problem is that Chunghwa Picture Tubes is losing money year after year, the customer side is very unstable, and the company's internal management is a mess."

Meng Qian touched his chin, "In other words, there should be room for bargaining?"

"I am very sure of that."

"Then do they mind that we are Dafeng Group? After all, we are now fighting a price war with them."

"That's not true. The Lin family's big family now wants to quickly sell the assets that the second room's will has left and can't handle. But now that the price war is so fierce, we have built three more production lines ourselves, and we have a relationship with Sony's 7th generation. Lines may be installed by the end of this year, and acquiring a company like Chunghwa Picture Tubes at this time may actually be a hot potato for us.”

"Aren't they two 4.5-generation lines and one 6-generation line, they can be used." The corner of Meng Qian's lips rose slightly, "And Chunghwa Picture Tubes' strength in the upstream industry of LCD screens should be available now.

In the development of the upstream industry, AUO and Chi Mei also have their own strengths, so they don't need Chunghwa Picture Tubes that much, but we can take a look, how about this, you arrange it, I haven't been to Taiwan for a long time, let's go together Go around. "