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According to another report, for BOE with constant losses and tight capital chain, the registered capital of the second 8.5-generation LCD panel production line of Hefei, which has already started construction, is not yet in place. BOE is preparing a solution, possibly through private placement or Issuing debts and other means to solve. But at present, financing from the capital market is not easy.
On October 10, a media quoted the person in charge of the market research organization close to BOE, saying that BOE is in contact with the Chongqing Municipal Government and invested 28 billion yuan in the local water and soil high-tech park to build a third 8.5-generation LCD panel production line. In mid-September, Chen Yanshun, president of BOE, and his party visited the Soil and Water High-tech Park and held talks with the main leaders of Chongqing. The theme of the talks was that BOE intends to invest in the 8.5-generation line in Chongqing.
The person in charge of BOE said that the above report is not true. “The main purpose of our president's trip to Chongqing is to visit customers and conduct some business visits in the local area. As for the construction of the third 8.5 generation line, we do not have such a plan at present.â€
However, industry insiders analyzed that BOE’s visit to Chongqing was more or less considered for its industrial layout. A panel industry researcher told reporters that since the third quarter of this year, the panel industry has recovered and the LCD panel has upgraded to the OLED large panel. BOE is bound to take action. Moreover, the Chongqing Municipal Government, eager to seek transformation opportunities, also hopes to introduce large-scale high-tech projects to promote local industrial upgrading.
However, the above-mentioned researchers believe that it is still unknown whether BOE will invest in Chongqing. "To truly invest, it is necessary to conduct in-depth and meticulous negotiations with the local government. For example, local government support, preferential conditions, investment methods, investment amount, construction period, project operation and other aspects need to be detailed and agreed. It is a relatively long cycle. The Hefei 8.5-generation line project has been negotiated for two years before the formal signing of the agreement. Now, BOE to investigate, perhaps just to see if there is investment possibility," the researcher said.
It is understood that BOE has the first 8.5-generation line in Beijing. It has achieved full production at the end of July, with a monthly production capacity of 90,000 glass substrates. It is expected to produce more than 10 million LCD screens during the year.
For the 8.5-generation line led by Xinyi Optoelectronics, which is owned by Hefei SASAC, BOE has always wanted to play the role of technology shareholder. On August 15, BOE announced that it had signed a framework agreement with the Hefei Municipal Government to invest in the construction of the second 8.5-generation line with a total investment of 28.5 billion yuan. Among them, the registered capital is 17 billion yuan, the Hefei Municipal Government and Xinyi Optoelectronics invest 10 billion yuan, and 7 billion yuan is self-raised by BOE through the capital market or other means. As for the difference between the total investment of the project and the registered capital of the project, the Hefei Municipal Government and BOE jointly solved the loan to the syndicated loan.
BOE related people told reporters that the Hefei project has begun construction of the pre-construction plant. At present, there is less capital demand, but the pressure of follow-up funds is relatively high. BOE is discussing solutions, which may be resolved by private placement or debt issuance.
A good news is that in the third quarter of this year, BOE finally ushered in its first quarterly profit in five years. According to its performance forecast, BOE's third quarter is expected to earn 6.88 million to 68.88 million yuan. However, BOE expects a loss of 700 million to 780 million yuan in the first three quarters. It is still difficult for BOE to turn losses this year. Insiders pointed out that it is very difficult for BOE, which has already spent more than 24 billion yuan in the capital market and has a constant loss. 
BOE denies investment of 28 billion yuan to build Chongqing 8.5 generation line
Some media reported that BOE intends to invest 28 billion yuan to build the 8.5 generation line in Chongqing. The reporter called the relevant person in BOE and was told that BOE has no foreign investment plan. The source said that Chen Yanshun, president of BOE, had recently visited Chongqing for business visits and customer visits, but did not involve local investment.