According to aiqicha information, Yantai Wanmei new materials Co., Ltd. was officially established with a registered capital of 100million yuan. Its business scope covers the sales of synthetic materials and special chemical products (excluding hazardous chemicals), new material technology research and development, etc. From the perspective of equity structure, Wanhua chemical holds 70% of the shares of the company, while Hefei Xinmei Material Technology Co., Ltd. holds 30% of the shares.
Hefei Xinmei Material Technology Co., Ltd. (hereinafter referred to as "Xinmei Xincai") was established on September 19, 2023 with a registered capital of 3.89 billion yuan. It was jointly established by nuoyan capital, Hefei Industrial Investment Group, Xinzhan high tech Zone, Fuzhou, Danyang and other state-owned assets. The company mainly focuses on the polarizer protective film, surface treatment film and OLED material business. In 2023, the company participated in the acquisition of the polarizer material business of LG Chemical (LGC) in Korea, and obtained all intellectual property rights, equipment and core personnel. After several rounds of negotiations, the delivery was completed in January this year. It is worth mentioning that the business transferred from South Korea LGC to Xinmei materials is in a leading position in the field of global protective film, surface treatment film and Po materials. After the acquisition, in March this year, Xinmei new material officially started the construction of Xinmei material ? Xinzhan optical functional film project in Hefei Xinzhan high tech Zone. The total investment of the project is about 4.5 billion yuan. It plans to build five internationally leading intelligent display material production lines, including two precision protective film production lines, one PO production line and two surface coating production lines, covering lcd/oled polarizer and OLED supporting key raw materials. After the completion of the project, it is estimated that the annual production capacity of surface treatment film, protective film and Po material will be about 50million square meters, 80million square meters and 20million square meters respectively, which will effectively make up for the shortcomings of the domestic display industry in the key raw materials upstream of polarizers and further reduce the industry costs. At present, Hefei Xinzhan high tech Zone, where Xinmei new materials is located, has gathered a number of film material enterprises such as Guofeng new materials, leading film, Changyang technology, lucky technology, sanlipu, Hongdao new materials, and is also accelerating the construction of high-end optical film production base and high-end manufacturing industrial park projects with a construction area of about 400000 square meters, forming a film industry chain with complete types and certain scale advantages.
Optical film polarizer is the core material of liquid crystal panel, known as optical "chip", with high access threshold. PVA film is the core of its upstream material. Polarizer raw materials accounted for 80% of the total cost, TAC accounted for 50%, PVA accounted for 12%, and protective film accounted for 15%.
For a long time, PVA film has been monopolized by Japanese enterprises (keleli accounts for 70%-80%, Mitsubishi Chemical accounts for 15%-20%), and only a small amount of medium and low-end supply is available in China, such as wanwei hi tech. In July this year, wanwei High Tech delivered domestic large-size PVA optical film equipment to break the monopoly.
At present, China leads the world in the market share of display panels and polarizers, but the upstream optical film and other fields still need to catch up. The scale of China's optical film market increased from 35.4 billion yuan in 2019 to 46.4 billion yuan in 2022, and is expected to reach 76.9 billion yuan in 2027.
The major domestic optical film enterprises have their own priorities, such as the production of polarizers by Sanli spectrum, and the focus of smart technology on optical films to jointly promote the development of the industry.
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