After "bringing Qianzhao into my arms", Hisense Video split another one to show that the core compan

On April 1, Hisense Video released a plan to spin off its subsidiary Qingdao Xinxin Microelectronics Technology Co., Ltd.(hereinafter referred to as Xinxin Microelectronics) to be listed in the Science and Technology Innovation Edition.

Previously, Hisense Video had issued a suggestive announcement about planning for the spin-off of Xinxin Micro, and this plan further disclosed in detail Xinxin Micro's spin-off plan and clarified that Xinxin Micro would be listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange.

Data shows that Xinxinwei is a Fabless model chip design company focusing on display chips and AIoT intelligent control chips. It is committed to providing display chip solutions for various display panels and display terminals, and providing frequency conversion control and main control for smart home appliances. solution.

This spin-off of Xinxinweiwei will achieve independent listing, enhance its financial strength through listing financing, and enhance the company's continued profitability and core competitiveness.

Hisense Video said that after the completion of this split, the company will still maintain control over Xinxinwei, and Xinxinwei's financial status and profitability will still be reflected in the company's consolidated statements.

Moreover, this spin-off and independent listing of Xinxin Micro will help it further deepen its comprehensive layout in the upstream and downstream industries, strengthen Hisense Video's market and technological advantages, and promote the company's high-quality and sustainable development.

Hisense Video was established in 1997 and is mainly engaged in the research, development, production and sales of display and upstream and downstream industry chain products.

Currently, Hisense Video is accelerating its transformation from TV to large display industry and actively deploying next-generation display technologies such as Micro LEDs and laser displays.

From 2019 to 2022, Hisense Video completed a 1+(4+N) large display industry layout.

Among them, 1 refers to the smart display terminal business in the stage of high-quality development; 4+N refers to the new display and new business in the stage of rapid development; 4 refers to the four cores of laser display, commercial display, cloud services, and chips; N refers to a new display with broad expansion space.

It is worth mentioning that in order to further strengthen the company's strategic layout in the display industry chain, accelerate the research and development and product promotion of new technologies such as Mini LED and Micro LED, establish future resource advantages in the market and supply chain, and consolidate its role in the display industry. Leading position.

Since March last year, Hisense Video has continued to increase its stake in Qianzhao Optoelectronics. At present, Hisense Video has obtained control of Qianzhao Optoelectronics and become its controlling shareholder, extending the Mini and Micro LED industries to the cutting-edge chip fields and achieving a high degree of vertical integration.

In terms of performance, Hisense Video achieved a total operating income of 45.738 billion yuan in 2022 and a net profit attributable to the parent company of 1.679 billion yuan, a year-on-year increase of 47.6%.

Among them, Xinxinwei achieved operating income of 535 million yuan and contributed net profit to the parent company of 83.623 million yuan.

Hisense Video pointed out that the opportunities brought by the optimization of the competitive landscape in China's TV market, iteration of display technology, upgrading of diversified brands and upgrading of global marketing are the main reasons for driving performance growth.