As the first domestic GEM listed company engaged in the production of pure LED chips, the focus of Huacan Optoelectronics' production focus has moved from Wuhan to Suzhou, and the strategy of moving to Suzhou, Jiangsu has become clearer.
On the afternoon of November 27th, Huacan Optoelectronics Shareholders' Meeting passed the "Resolution on Huacan Optoelectronics (Suzhou) Co., Ltd. LED Epitaxial Chip Phase II Project" and "Partial Change Investment Project" with 100% vote of approval. The motion.
According to the previous resolution of the board of directors, the construction of the second phase of the LED epitaxial wafer chip of Huacan Optoelectronics (Suzhou) Co., Ltd. is planned to invest 305 million yuan to build an annual output of 480,000 2 inch red and yellow LED epitaxial wafers (for own use). The production capacity of 15.4 billion red and yellow light chips, and on-site preparation of nitrogen and hydrogen required for the production of the first and second phases.
At the same time as “plus yards†of Suzhou production capacity, Huacan Optoelectronics also plans to reduce the production capacity of the original three-phase LED epitaxial chip project. According to the previous announcement, Huacan Optoelectronics intends to adjust the construction project of Wuhan Phase III LED epitaxial chip. Its total investment has been reduced from 1,398.31 million yuan to 738.88 million yuan. The adjusted total investment is only 52.84% of the original plan, and the production capacity will be From the LED blue-green chip 1,831 KK / month, adjusted to 1,268 KK / month. The adjusted capacity will be only 69.25% of the original planned capacity.
As early as 2012, Huacan Optoelectronics has “transferred†300 million yuan in the raised funds to Suzhou, and wholly-owned Huacan Optoelectronics (Suzhou) Co., Ltd. as the main operation of the new project “Huacan Optoelectronics (Suzhou) Co., Ltd. LED Epitaxy The first phase of the chip construction project." The “shangma†of the second phase of Suzhou this time means that Suzhou's production capacity has once again “overweightâ€.
“The focus of our production capacity will shift from Wuhan to Suzhou.†Liu Can, president of Huacan Optoelectronics, said in an interview with Economic Observer Online that although the company’s origin and registration are in Wuhan, it is not subject to the restrictions of Wuhan’s land planning. More land reserves are used to expand the company's production capacity. In contrast, the local government of Suzhou has given more support.
A related detail is that Hua Can Optoelectronics' 2013 semi-annual report disclosed that in the first half of the year, only government subsidies amounted to 72.66 million yuan, most of which were the local government financial support obtained by the Suzhou project. It is worth noting that if the non-recurring profit and loss income formed by government subsidies is excluded, the main business of Huacan Optoelectronics is actually at a loss.
"The company's operating losses are related to the irrational price war in the market in recent years." Liu Can, president of Huacan Optoelectronics, said that since the third quarter of this year, the price of LED chips has bottomed out and there is a steady state. "The market is in good shape." Up, but the company's main business break-even point, optimistic estimates will be until the second quarter of next year."
( 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. )
On the afternoon of November 27th, Huacan Optoelectronics Shareholders' Meeting passed the "Resolution on Huacan Optoelectronics (Suzhou) Co., Ltd. LED Epitaxial Chip Phase II Project" and "Partial Change Investment Project" with 100% vote of approval. The motion.
According to the previous resolution of the board of directors, the construction of the second phase of the LED epitaxial wafer chip of Huacan Optoelectronics (Suzhou) Co., Ltd. is planned to invest 305 million yuan to build an annual output of 480,000 2 inch red and yellow LED epitaxial wafers (for own use). The production capacity of 15.4 billion red and yellow light chips, and on-site preparation of nitrogen and hydrogen required for the production of the first and second phases.
At the same time as “plus yards†of Suzhou production capacity, Huacan Optoelectronics also plans to reduce the production capacity of the original three-phase LED epitaxial chip project. According to the previous announcement, Huacan Optoelectronics intends to adjust the construction project of Wuhan Phase III LED epitaxial chip. Its total investment has been reduced from 1,398.31 million yuan to 738.88 million yuan. The adjusted total investment is only 52.84% of the original plan, and the production capacity will be From the LED blue-green chip 1,831 KK / month, adjusted to 1,268 KK / month. The adjusted capacity will be only 69.25% of the original planned capacity.
As early as 2012, Huacan Optoelectronics has “transferred†300 million yuan in the raised funds to Suzhou, and wholly-owned Huacan Optoelectronics (Suzhou) Co., Ltd. as the main operation of the new project “Huacan Optoelectronics (Suzhou) Co., Ltd. LED Epitaxy The first phase of the chip construction project." The “shangma†of the second phase of Suzhou this time means that Suzhou's production capacity has once again “overweightâ€.
“The focus of our production capacity will shift from Wuhan to Suzhou.†Liu Can, president of Huacan Optoelectronics, said in an interview with Economic Observer Online that although the company’s origin and registration are in Wuhan, it is not subject to the restrictions of Wuhan’s land planning. More land reserves are used to expand the company's production capacity. In contrast, the local government of Suzhou has given more support.
A related detail is that Hua Can Optoelectronics' 2013 semi-annual report disclosed that in the first half of the year, only government subsidies amounted to 72.66 million yuan, most of which were the local government financial support obtained by the Suzhou project. It is worth noting that if the non-recurring profit and loss income formed by government subsidies is excluded, the main business of Huacan Optoelectronics is actually at a loss.
"The company's operating losses are related to the irrational price war in the market in recent years." Liu Can, president of Huacan Optoelectronics, said that since the third quarter of this year, the price of LED chips has bottomed out and there is a steady state. "The market is in good shape." Up, but the company's main business break-even point, optimistic estimates will be until the second quarter of next year."
( 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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