TCL Huaxing joint venture electronic paper project settled in Zhejiang

On March 31, the joint venture ceremony for the e-paper machine project between TCL Huaxing, DKE Dongfang Kemai and Zhihe Technology was held at the DKE Dongfang Kemai Jiashan Fuyong headquarters manufacturing base.

Image source: DKE

According to Gu Delong, general manager of TCL CSOT Suzhou Base, the project will focus on the core directions of R&D, production and sales of complete e-paper machines, integrate the superior resources of the three parties, and enhance product added value and market response speed through complementary advantages. This will not only give back support to local governments, but also promote high-quality development of the e-paper industry.

Zhou Aijun, general manager of DKE, said that the completion of the electronic paper machine joint venture project will further open up key links in the industrial chain, accelerate the large-scale and standardized application of electronic paper in multiple scenarios, and help the industry achieve a comprehensive leap from technological breakthroughs to scenario ecology.

According to data, Dongfang Kemai focuses on the research and development, design, production and sales of electronic paper display technology. Currently, the company has four production bases in Jiaxing, Zhejiang, Dalian, Liaoning, and Vietnam. Its product matrix covers various forms such as full size and full color, and is widely used in multiple IoT scenarios such as smart retail, smart office, smart education, smart logistics, smart transportation, e-readers and emerging applications.

In terms of finance, from 2022 to 2024 and the first six months of 2025, Dongfang Kemai’s revenue was 1.214 billion yuan, 1.024 billion yuan, 1.152 billion yuan, and 796 million yuan respectively, and the corresponding net profits were 91.88 million yuan, 50.74 million yuan, 53.4 million yuan, and 43.04 million yuan respectively.

It is worth mentioning that Oriental Comai submitted a listing application to the main board of the Hong Kong Stock Exchange in September 2025 and completed the overseas listing filing in March 2026.

For the funds raised from this IPO, Dongfang Kemai plans to use it in two core directions:

On the production capacity side, on the one hand, the funds will be used to upgrade the existing production base in Vietnam, including building new production lines to increase the overall production capacity of the base, purchasing and upgrading related production equipment, focusing on the production of smart IoT products such as full-color electronic paper displays (EPD) and electronic price tags; on the other hand, it will be invested in the construction of new domestic production bases, focusing on the R&D and production of cutting-edge products such as e-book bags, flexible electronic paper, and extra-large-size electronic paper.

On the R&D side, part of the funds will be used to improve the company's core technical capabilities and innovation capabilities, enrich its product portfolio, and recruit and train high-level R&D teams.