"Once the assembly line starts operation, it's like turning on a bank note printing machine."

That was how the vice-president of Beijing-based BOE Technology Group Co, Zhang Yu, described the optimistic outlook of his company. And he has a reason for saying so.

China's largest flat panel manufacturer, BOE is expected to make profits of 2 billion yuan ($328.4 million) this year, a huge jump from last year's 258 million yuan, after it recovered from a decade long recession that killed off or damaged other companies in the panel industry.