Aoyang Shunchang: LED project fixed effect is equivalent to re-creating a company

Recently, Aoyang Shunchang (002245) issued a non-public offering plan to issue no more than 100 million shares at a price of not less than 5.12 yuan per share, and raised no more than 512 million yuan for LED epitaxial wafer and chip industrialization projects. (Phase I) Construction and replenishment of working capital. If this issuance is completed, the company will gradually establish a dual main business development model of LED business plus metal logistics distribution. Aoyang Shunchang estimates that the LED project can contribute a net profit of 168 million yuan when it is fully mass-produced, which is equivalent to re-creating an Australian Ocean Shunchang.

The reporter interviewed Lin Wenhua, the director of the Australian Ocean Shunchang Board of Directors on the LED project. Lin Wenhua introduced that Aoyang Shunchang Company has decided to enter the LED industry as early as 2011. The company has completed the technical and personnel reserve in the LED business. In June 2012, Huai'an Aoyang Shunchang Photoelectric Technology Co., Ltd. and Huai'an City Land The Resource Bureau signed the “Contract for the Transfer of State-Owned Construction Land Use Rights”. The project approval and environmental impact assessment work has been approved by the relevant departments and substantive construction has begun.

So far, the civil engineering and infrastructure of the Aoyang Shunchang LED project has been completed; MOCVD equipment has arrived at 5 units, of which two MOCVDs have been installed and commissioned, and mass production has been completed; an LED chip production line has also been completed. And put into production, its epitaxial wafer and chip production line are all in line, the performance and quality of the products have reached the design requirements. At the same time, another three MOCVD equipments are still in the installation and commissioning phase and are expected to be gradually put into production in July 2013.

Lin Wenhua said that it seems that the capacity bottleneck has become the biggest obstacle. The company's non-public offering of shares, which raised 400 million yuan to invest in the LED business, can rapidly expand production capacity, achieve scale effect, and fully share the upcoming LED lighting. Industry feast. If this goal is achieved, the entire Australian Ocean Shunchang will be expected to achieve leapfrog development in terms of revenue or profit. According to the plan, the project will gradually release production capacity from now on, and the new investment will be completed by the end of 2014.

(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)

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