BOE and Tongcheng Xincai jointly laid out display materials, and Tongcheng Dongfang (Shanghai) was o

Recently, enterprises check public information shows that Tongcheng Dongfang (Shanghai) Display Technology Co., Ltd. has officially completed its registration and establishment, with a registered capital of up to 100 million yuan. It is reported that this newly established enterprise was jointly established by two industry leaders. The shareholders are Beijing BOE Materials Technology Co., Ltd. and Shanghai Tongcheng Electronic Materials Co., Ltd., a subsidiary of BOE, and the legal representative is Zhang Wang. From the perspective of business layout, Tongcheng Dongfang's business scope covers a wide range of areas, focusing on the core areas of display materials, specifically including key businesses such as new material technology research and development, technology promotion, chemical product sales and electronic special material sales, demonstrating its deep cultivation of the display materials industry. Clear positioning.

As one of the joint ventures, the industry strength of Shanghai Tongcheng Electronic Materials Co., Ltd.(hereinafter referred to as Tongcheng Electronics) has attracted much attention. Data shows that Tongcheng Electronics was established in June 2020. It is a wholly-owned subsidiary of the listed company Tongcheng New Materials Group (hereinafter referred to as Tongcheng New Materials), with a registered capital of 1 billion yuan. It is the key layout of Tongcheng New Materials. The core carrier and strategic platform of the electronic materials business. Relying on the resources and technical support of the parent company, Tongcheng Electronics has rapidly emerged in the field of electronic materials and has now become an important participant in the domestic electronic materials industry, especially in the field of photoresist.

Specifically, Tongcheng Electronics 'main business covers multiple fields of high value-added electronic materials, including semiconductor photoresists, display panel photoresists, CMP polishing pads and supporting reagents, etc., forming a diversified product with core advantages. matrix. In the field of semiconductor photoresists, its products have achieved a full range of coverage, covering different specifications such as G-line, I-line, KrF, and ArF, which can meet the application needs of different scenarios; while in the field of display panel photoresists, Tongcheng Electronics relies on its mature technology and stable product quality, it has become one of well-known domestic suppliers and has been recognized by many panel companies. It is worth mentioning that Tongcheng Xincai, as China's leading comprehensive new material service provider, ranked first among domestic suppliers in China's semiconductor photoresist market and TFT array photoresist market in the first nine months of 2025, providing solid support for the development of Tongcheng Electronics.

The other core party of this joint venture, Beijing BOE Materials Technology Co., Ltd.(hereinafter referred to as Beijing BOE Materials), is a core subsidiary of the global panel leader BOE, focusing on the layout and expansion of new materials fields. Its business scope is highly consistent with Tongcheng Dongfang, mainly including new material technology research and development, new material technology promotion services, chemical product sales and electronic special material sales, forming synergy and complementarity with BOE's main panel business. It is reported that Beijing BOE Materials was established in August 2024 with a registered capital of 500 million yuan. It is affiliated to the science and technology promotion and application service industry. It is an important force for BOE to improve the layout of the industrial chain and break through the technical barriers of high-end materials.

Industry insiders analyzed that BOE and Tongcheng Xincai jointly established Tongcheng Dongfang, which is essentially a strategic collaboration between panel leader + material leader, and there is a deep logic behind it that shows domestic substitution in the industrial chain. At present, more than 80% of the market share of domestic display panel core materials (such as oled light-emitting materials, liquid crystal alignment agents, etc.) is still monopolized by overseas companies. As the world's number one company in panel shipments, BOE has long faced the dilemma of relying on imports of high-end materials. Tongcheng Electronics has mature technology and mass production experience in the fields of core materials such as photoresists. Cooperation between the two parties can achieve demand traction + technological complementarity, shorten the research and development cycle of high-end materials, and accelerate the localization process of display materials. In addition, Tongcheng Dongfang's location in Shanghai also fully considers the advantages of industrial clusters and policy support dividends in the Yangtze River Delta region. It can closely connect downstream panel production lines, achieve rapid iteration of material research and development and panel testing, and further enhance core competitiveness.