Chenzhang Optoelectronics Plans to Raise Funds Through Directional Offering to Build Overseas Intelligent Manufacturing Base

Securities Times Reporter Zhao Liyun

On the evening of March 17, Chenzhan Optoelectronics (003019) announced that the company plans to raise no more than 925 million yuan (including this round) through a private placement. The net proceeds after deducting issuance costs will be used for the construction of an overseas intelligent manufacturing base and to supplement working capital.

The announcement shows that the implementation entity of the overseas intelligent manufacturing base project is the company’s wholly owned subsidiary, Chenzhan Thailand, located in the WHA Rayong Industrial Park, Rayong Province, Thailand. The total investment in the project is 650 million yuan, and the company plans to invest 650 million yuan from the raised funds.

The company’s 2025 annual report disclosed on the same day indicates that with the successful mass production of digital tablets, the company has established its consumer electronics manufacturing business. Industry applications and process technologies have further expanded, leading to a breakthrough in the second growth curve. In 2025, the company achieved an operating revenue of 2.52 billion yuan, a year-on-year increase of 13.86%; net profit attributable to shareholders was 194 million yuan, up 3.24% year-on-year.

Chenzhan Optoelectronics stated that in the context of rapid development in the commercial smart interactive display industry and automotive display markets, as well as fast iteration of display and interaction technologies, expanding production bases is not only a necessary measure to meet market demand but also a strategic choice to build core competitiveness and achieve sustainable development. The company plans to implement this fundraising project to promote intelligent upgrades of production lines, optimize capacity structure, meet the demands of digital and new display technologies for mass production, enhance the high-end and intelligent levels of products, strengthen core competitiveness, and consolidate its market leading position.

In recent years, Thailand has gradually formed a relatively complete industrial chain in new energy vehicles, electronics, communications, and other manufacturing industries. Rayong Province, as a major hub for Thailand’s automotive industry, has gathered production bases of international well-known automakers such as General Motors, Ford, BMW, and Toyota, with a clear industrial cluster effect.

It is reported that building an intelligent manufacturing base in Thailand will help the company adapt to the trend of automotive industry transfer, optimize capacity layout, and overseas capacity will mainly cover North America, Europe, Southeast Asia, and other international markets. This will enhance the company’s global manufacturing capabilities and international competitiveness, increase its share of supplies to internationally renowned clients, narrow the gap with leading global enterprises, and strengthen its risk resistance. Additionally, it allows for nearby support to downstream customers, significantly shorten delivery cycles, improve responsiveness, accelerate the localization of overseas supply chains, and further deepen cooperation with upstream and downstream enterprises in the global industry chain. This will enable the company to precisely explore potential customer resources, expand potential orders, and lay a solid foundation for its international development strategy.

Furthermore, since its establishment, the company has focused on the commercial human-machine interaction intelligent terminal industry, accumulating extensive experience in automated and flexible manufacturing. Against the backdrop of rapid development in downstream industries and expansion of the company’s customer base, this project aims to build an intelligent, automated, and flexible manufacturing system in Thailand to meet diversified downstream market demands. This will help the company reduce costs and increase efficiency, expand its customer base, deepen downstream cooperation, respond to order needs, and create favorable conditions for long-term stable operation and development.

(Edited by: Wang Zhiqiang HF013)

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