Ganzhao Optoelectronics (300102) decided to invest 551 million yuan of the 820 million yuan of other funds for the fund-raising project "other working capital related to the main business" for investment in the "main business expansion project", which will be achieved after the project is completed. Annual production capacity of 36 billion AlGaInP high-brightness red-yellow LED chips.
According to Ganzhao Optoelectronics, with the rapid expansion of market demand, red and yellow LED chips have been in a state of violent supply, and the gap has reached more than 50%. All LED manufacturers are actively expanding their production scale. If the company wants to maintain its leading position in the industry, it must expand its production and take the lead. Future competition is difficult to avoid, and cost reduction will be a major factor. An important method to reduce costs is scale production. In addition, government subsidies are time-sensitive, so it is urgent and necessary to expand production capacity.
The project is located in Yangzhou Economic Development Zone, covering an area of ​​40 mu, with fixed assets investment of 391 million yuan, intangible assets investment of 4.4 million yuan and working capital of 156 million yuan. The main equipment of the project is 16 quaternary MOCVD epitaxial furnaces and corresponding chip production equipment. The annual sales of the project reached 691 million yuan, the first annual sales income of 591 million yuan, and the income after income tax of 175 million yuan. It is scheduled to be put into production before December 2011.
The dry funded IPO net fundraising was 1.265 billion yuan, and currently it has used 117 million yuan.
Shenzhen Jinziming Electronic Technology Co.,LTD , https://www.powerchargerusb.com