On June 4, Aoyang Shunchang (002245) issued an announcement 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) and supplementary liquidity.
According to the announcement, in addition to the 100 million yuan used to supplement the working capital, the company raised RMB 400 million to invest in the LED epitaxial wafer and chip industrialization project (Phase I). The project is implemented by Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. The total investment of the project is 807.7 million yuan. The production and manufacturing center, office building, comprehensive building and public auxiliary facilities will be built. The construction period of the project will be 30 months. It has an annual production capacity of 1.8 million pieces of blue-green LED epitaxial wafers (calculated by 2-inch epitaxial wafers) and 11.5 billion blue-green chips.
According to the issuance plan, the company expects the annual sales income of the project to reach 720 million yuan, the annual after-tax profit of 170 million yuan, the post-tax financial internal rate of return is 24.5%, and the after-tax investment recovery period is 5.46 years. According to public information, Aoyang Shunchang's main revenue in 2012 was 1.66 billion yuan and its net profit was 104 million yuan.
Aoyang Shunchang said that the substitution effect of LED lighting on traditional lighting has gradually strengthened, and its penetration rate in the municipal lighting and commercial lighting market with low price sensitivity has been significantly improved, but there is still a large market in the residential lighting market. space. LED epitaxial wafers and chip manufacturing are the most valuable links in the entire industry chain, and relevant companies will fully share the dividends brought by the development of the industry.
The company said that this increase in fundraising is to seize market opportunities, develop LED business, and implement the dual metal industry development strategy of “metal logistics distribution business†and “LED epitaxial wafer and chip businessâ€.
With the recovery of the LED market, leading companies have launched new expansion plans, after the industry leader Sanan Optoelectronics (600703) has restarted the private placement.
A real problem is that the domestic LED market is ushered in a small rebound due to the launch of the lighting market, but the analysis from the perspective of capacity is still relatively surplus. These leading companies will once again increase their market share and also prolong their capacity digestion. During the period, some SMEs have to face elimination.
According to the announcement, in addition to the 100 million yuan used to supplement the working capital, the company raised RMB 400 million to invest in the LED epitaxial wafer and chip industrialization project (Phase I). The project is implemented by Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. The total investment of the project is 807.7 million yuan. The production and manufacturing center, office building, comprehensive building and public auxiliary facilities will be built. The construction period of the project will be 30 months. It has an annual production capacity of 1.8 million pieces of blue-green LED epitaxial wafers (calculated by 2-inch epitaxial wafers) and 11.5 billion blue-green chips.
According to the issuance plan, the company expects the annual sales income of the project to reach 720 million yuan, the annual after-tax profit of 170 million yuan, the post-tax financial internal rate of return is 24.5%, and the after-tax investment recovery period is 5.46 years. According to public information, Aoyang Shunchang's main revenue in 2012 was 1.66 billion yuan and its net profit was 104 million yuan.
Aoyang Shunchang said that the substitution effect of LED lighting on traditional lighting has gradually strengthened, and its penetration rate in the municipal lighting and commercial lighting market with low price sensitivity has been significantly improved, but there is still a large market in the residential lighting market. space. LED epitaxial wafers and chip manufacturing are the most valuable links in the entire industry chain, and relevant companies will fully share the dividends brought by the development of the industry.
The company said that this increase in fundraising is to seize market opportunities, develop LED business, and implement the dual metal industry development strategy of “metal logistics distribution business†and “LED epitaxial wafer and chip businessâ€.
With the recovery of the LED market, leading companies have launched new expansion plans, after the industry leader Sanan Optoelectronics (600703) has restarted the private placement.
A real problem is that the domestic LED market is ushered in a small rebound due to the launch of the lighting market, but the analysis from the perspective of capacity is still relatively surplus. These leading companies will once again increase their market share and also prolong their capacity digestion. During the period, some SMEs have to face elimination.
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