On July 15, TCL technology announced that it had received the notice from Tianjin property rights trading center. After deliberation by the evaluation group and confirmation by the transferor, the company became the ultimate transferee of 100% equity of Tianjin Zhonghuan Electronic Information Group Co., Ltd. (hereinafter referred to as Zhonghuan group).

According to the announcement, the two parties have not yet signed a final transaction agreement.

On the evening of the same day, Zhonghuan shares (002129. SZ) and Tianjin prin (002134. SZ), the listed companies of Zhonghuan group, also announced that TCL technology became the ultimate transferee of the mixed reform project of Zhonghuan through bidding.

If the mixed reform can be implemented, the actual controllers of the two companies will be changed from central group to TCL technology.

Zhonghuan group is a large enterprise group authorized by Tianjin municipal government to operate state-owned assets. Now it has more than 250 state-owned wholly-owned, state-owned holding and joint-stock enterprises.

In May this year, Tianjin property rights trading center disclosed the transfer information of 100% equity of Zhonghuan group, with the transfer base price of 10.974 billion yuan. The shareholders of Zhonghuan group are Tianjin Jinzhi state owned capital investment and Operation Co., Ltd. and Tianjin Bohai State owned Assets Management Co., Ltd., holding 51% and 49% of shares respectively.

On June 23, TCL announced that the company, as the intended transferee, will participate in the 100% equity transfer project of Zhonghuan group, and received the "confirmation notice of transfer qualification" on June 17.

According to the previous report of we media "photovoltaic", TCL technology, IDG capital and Chint Group all participated in the bidding. In the end, TCL won the competition.

Central stock is the core subsidiary of central group. After TCL technology takes over the central group, it means that the identity of central will be changed from a state-owned enterprise to a private enterprise.

A number of people in the photovoltaic industry told the interface news that on the whole, TCL technology is a good news for central.

"Compared with state-owned enterprises, private enterprises have more flexible management methods and more direct decision-making process, which is conducive to enterprise operation." One person in the industry, who declined to be named, said.

However, it remains to be seen whether the running in process of the management of both sides is smooth. "In fact, compared with TCL technology, central prefers IDG capital. Because the management prefers pure investment rather than implanting management culture. " A senior industry person said to the interface news.

Ding Wenlei, executive director of Shandong Hangyu Energy Co., Ltd., told interface news that the success of TCL technology's bidding was expected, because the mixed reform of central clearly put forward the index of industrial collaboration.

Zhonghuan Co., Ltd., founded in 1999 and formerly known as Tianjin No.3 semiconductor device factory, was listed on Shenzhen Stock Exchange in 2007. It has four major businesses: new energy, semiconductor, photovoltaic power generation, finance and others.

Zhonghuan is one of the few state-owned enterprises with a certain size and status in the photovoltaic manufacturing end. By the end of 2019, the company's monocrystalline silicon wafer production capacity is 33 GW, only second to Longji (601012. SH) in China. The company's accumulation in the semiconductor field is also very substantial.

Since the beginning of this year, Longji and other photovoltaic enterprises are expanding their production in the field of photovoltaic. But Zhonghuan has quietly shifted its strategic focus.

Central announced in February that it plans to raise no more than 5 billion yuan to invest in semiconductor wafer projects. The company said that compared with photovoltaic grade monocrystalline silicon products, the profit margin of semiconductor wafer materials is higher.

TCL technology said that its participation in Zhonghuan group will help promote the vertical extension and horizontal integration of its semiconductor display industry, and accelerate its layout in the fields of basic materials, next-generation display materials, and key equipment in the new process.

According to the announcement, after signing the property right transfer agreement, the above transactions need to be submitted to the state owned assets supervision and administration institution for examination and approval.