[High-tech LED reporter Zhou Xiaoqing] Although the performance report just released is not so good-looking, no one can deny the development potential and future growth of Huacan Optoelectronics.
On April 18, Huacan Optoelectronics (300323.sz) announced that it plans to invest in the third phase of LED epitaxial chip.
According to the announcement, the total investment of the project is 1.184 billion yuan, of which, the equipment investment is 931 million yuan, the civil engineering and installation project is 0.54 billion yuan, and the initial working capital is 100 million yuan. The construction period is 1 year. After the project is completed, it will have an annual production capacity of 656,000 LED epitaxial wafers and 26.24 billion LED chips. The annual sales volume of the project is 799 million yuan and the annual profit is 160 million yuan. After the project income tax, the financial internal rate of return is 15.7%, and the project investment recovery period is 5.73 years (including the construction period of 1 year).
In fact, prior to the project, Huacan Optoelectronics had commissioned and expanded the first and second phases of the Suzhou subsidiary, with a total investment of 1.806 billion yuan and 305 million yuan respectively. The first phase of the project will introduce 48 sets of the latest MOCVD and supporting chip production equipment. After the project is completed, the company will add a total of 1,995 KK/month for the company's new blue and green light chips, equivalent to 35,000 pieces of epitaxial wafers and 35,000 pieces per month. The products produced are high-brightness red and yellow LED chips. After completion, it will form an annual production capacity of 480,000 LED epitaxial wafers and 15.4 billion LED chips.
It is understood that the first phase of the project was completed last year and is currently in production. The second phase of the project has not yet been completed. The previous capacity has not been fully digested. Huacan Optoelectronics can't wait to start the continuous expansion. Many people in the industry have "Digestive capacity" expressed concern.
However, Ye Aimin seems to be full of confidence in the company's "digestive ability". He told the "High-tech LED" reporter: "Huacan Optoelectronics does not have digestive problems, and it satisfies the existing customers' companies that there is a shortage of supply. Therefore, the future Will continue to expand production capacity."
According to Ye Aimin, Huacan Optoelectronics Phase I project is expected to be completed in June and July this year. The second phase of the project will be completed by the end of this year due to its small scale, and the company's MOCVD operating rate is 100%. "At present, the company's customer demand is still very large, the company's production capacity is still a big gap, resulting in some orders do not dare to pick up." Ye Aimin said.
For this reason, in the next three years, Huacan Optoelectronics plans to expand its production capacity to produce and process a 2-inch epitaxial 1 million wafers on a monthly basis based on the first and second phases of the Suzhou subsidiary. According to the current model estimation, it is equivalent to purchasing 200 sets of MOCVD and supporting PVD epitaxial chip supporting equipment.
The most important thing is that Huacan Optoelectronics still has broad market prospects after expanding its production capacity.
In recent years, due to the expansion of LED production capacity, the price of lighting products has been comparable to ordinary energy-saving lamps. The price bottleneck that originally restricted the development of the LED industry has ceased to exist. And both domestic and international are advocating the ban on incandescent lamps, which have been banned in many countries. According to the statistics of the High-tech LED Industry Research Institute (GLII), the utilization rate of China's epitaxial chip companies has increased significantly in 2013, driven by the demand in the downstream lighting application market. The MOCVD capacity utilization rate has risen to 52%, and the operating rate has also risen to around 70%.
There are also people predicting that in 2015, the global LED chip demand will be equivalent to 2,875,000 pieces/month, and the domestic LED chip demand will be equivalent to 2,5 billion pieces of epitaxial film will reach 5.55 million pieces/month. .
In addition, it is worth mentioning that on the same day that Huacan Optoelectronics announced the expansion of the third phase of the project, another announcement was issued to subscribe for a 10% stake in Semicon Light of Korea.
In fact, many domestic LED companies have long been ignoring the Korean 3C electronics market. Huacan Optoelectronics is no exception. The Korean market is an important overseas market. Although Ye Aimin said that domestic enterprises in the Korean market are still not competitive, the pre-emptive layout is conducive to winning market opportunities.
It is understood that as early as two years ago, Huacan Optoelectronics' epitaxial wafer samples have been recognized by Korean customers.
According to Ye Aimin, Huacan Optoelectronics has become the second largest shareholder of Semicon Light, which was previously a customer of Huacan Optoelectronics. Moreover, the Semicon Light market channel has facilitated the sales of Huacan Optoelectronics products in the Korean market, and its revenues have undoubtedly consolidated the Korean market of Huacan Optoelectronics.
On April 18, Huacan Optoelectronics (300323.sz) announced that it plans to invest in the third phase of LED epitaxial chip.
According to the announcement, the total investment of the project is 1.184 billion yuan, of which, the equipment investment is 931 million yuan, the civil engineering and installation project is 0.54 billion yuan, and the initial working capital is 100 million yuan. The construction period is 1 year. After the project is completed, it will have an annual production capacity of 656,000 LED epitaxial wafers and 26.24 billion LED chips. The annual sales volume of the project is 799 million yuan and the annual profit is 160 million yuan. After the project income tax, the financial internal rate of return is 15.7%, and the project investment recovery period is 5.73 years (including the construction period of 1 year).
In fact, prior to the project, Huacan Optoelectronics had commissioned and expanded the first and second phases of the Suzhou subsidiary, with a total investment of 1.806 billion yuan and 305 million yuan respectively. The first phase of the project will introduce 48 sets of the latest MOCVD and supporting chip production equipment. After the project is completed, the company will add a total of 1,995 KK/month for the company's new blue and green light chips, equivalent to 35,000 pieces of epitaxial wafers and 35,000 pieces per month. The products produced are high-brightness red and yellow LED chips. After completion, it will form an annual production capacity of 480,000 LED epitaxial wafers and 15.4 billion LED chips.
It is understood that the first phase of the project was completed last year and is currently in production. The second phase of the project has not yet been completed. The previous capacity has not been fully digested. Huacan Optoelectronics can't wait to start the continuous expansion. Many people in the industry have "Digestive capacity" expressed concern.
However, Ye Aimin seems to be full of confidence in the company's "digestive ability". He told the "High-tech LED" reporter: "Huacan Optoelectronics does not have digestive problems, and it satisfies the existing customers' companies that there is a shortage of supply. Therefore, the future Will continue to expand production capacity."
According to Ye Aimin, Huacan Optoelectronics Phase I project is expected to be completed in June and July this year. The second phase of the project will be completed by the end of this year due to its small scale, and the company's MOCVD operating rate is 100%. "At present, the company's customer demand is still very large, the company's production capacity is still a big gap, resulting in some orders do not dare to pick up." Ye Aimin said.
For this reason, in the next three years, Huacan Optoelectronics plans to expand its production capacity to produce and process a 2-inch epitaxial 1 million wafers on a monthly basis based on the first and second phases of the Suzhou subsidiary. According to the current model estimation, it is equivalent to purchasing 200 sets of MOCVD and supporting PVD epitaxial chip supporting equipment.
The most important thing is that Huacan Optoelectronics still has broad market prospects after expanding its production capacity.
In recent years, due to the expansion of LED production capacity, the price of lighting products has been comparable to ordinary energy-saving lamps. The price bottleneck that originally restricted the development of the LED industry has ceased to exist. And both domestic and international are advocating the ban on incandescent lamps, which have been banned in many countries. According to the statistics of the High-tech LED Industry Research Institute (GLII), the utilization rate of China's epitaxial chip companies has increased significantly in 2013, driven by the demand in the downstream lighting application market. The MOCVD capacity utilization rate has risen to 52%, and the operating rate has also risen to around 70%.
There are also people predicting that in 2015, the global LED chip demand will be equivalent to 2,875,000 pieces/month, and the domestic LED chip demand will be equivalent to 2,5 billion pieces of epitaxial film will reach 5.55 million pieces/month. .
In addition, it is worth mentioning that on the same day that Huacan Optoelectronics announced the expansion of the third phase of the project, another announcement was issued to subscribe for a 10% stake in Semicon Light of Korea.
In fact, many domestic LED companies have long been ignoring the Korean 3C electronics market. Huacan Optoelectronics is no exception. The Korean market is an important overseas market. Although Ye Aimin said that domestic enterprises in the Korean market are still not competitive, the pre-emptive layout is conducive to winning market opportunities.
It is understood that as early as two years ago, Huacan Optoelectronics' epitaxial wafer samples have been recognized by Korean customers.
According to Ye Aimin, Huacan Optoelectronics has become the second largest shareholder of Semicon Light, which was previously a customer of Huacan Optoelectronics. Moreover, the Semicon Light market channel has facilitated the sales of Huacan Optoelectronics products in the Korean market, and its revenues have undoubtedly consolidated the Korean market of Huacan Optoelectronics.
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