Zhen Mingli (1868) develops a new production process model, which is expected to increase cost-effectiveness, bring huge room for growth in revenue and profits in the coming years, and add subsidiary products to the list of subsidies for LED lighting in the Mainland, stimulated by double positive factors. Mingli's stock price soared more than 80% throughout the day, from less than 1 yuan to nearly 2 yuan, becoming the largest increase in shares. However, some experts questioned whether its new production process model was effective in reducing the cost of LED lamps.
Zhen Mingli announced yesterday that the current research and development of LED light source modular production process model. In addition, the bare chip is adhered to the interconnect substrate with conductive or non-conductive adhesive, and then the LED chip and the substrate integration technology are performed by wire bonding. The company has applied for patent and design rights for this technology breakthrough. The company continued that after the major countries in the world have issued timetables for stopping the production and use of incandescent lamps, next year to 2015 will be an opportunity for the rapid development of the LED lighting industry.
Zhen Mingli also pointed out that the new production process model can reduce device costs, production costs and failure rates, product prices can be equivalent to traditional incandescent lamps, greatly increasing the market competitiveness of products. The company expects to begin mass production in the fourth quarter to help seize the market first. It is expected that its revenue and profits will grow rapidly in the next few years, which will bring huge room for growth.
The mainland announced the shortlist for the financial subsidies promotion project for semiconductor lighting products in the 12th/13th year. The company's Heshan City Yinyu Lighting Co., Ltd. has won the bid. The news stimulated the company's stock price to surge by 83.5% to 1.78 yuan, and led the peers to think ahead (595) and reach into Oriental Lighting (515), which rose by more than 10%.
Zhen Mingli announced yesterday that the current research and development of LED light source modular production process model. In addition, the bare chip is adhered to the interconnect substrate with conductive or non-conductive adhesive, and then the LED chip and the substrate integration technology are performed by wire bonding. The company has applied for patent and design rights for this technology breakthrough. The company continued that after the major countries in the world have issued timetables for stopping the production and use of incandescent lamps, next year to 2015 will be an opportunity for the rapid development of the LED lighting industry.
Zhen Mingli also pointed out that the new production process model can reduce device costs, production costs and failure rates, product prices can be equivalent to traditional incandescent lamps, greatly increasing the market competitiveness of products. The company expects to begin mass production in the fourth quarter to help seize the market first. It is expected that its revenue and profits will grow rapidly in the next few years, which will bring huge room for growth.
The mainland announced the shortlist for the financial subsidies promotion project for semiconductor lighting products in the 12th/13th year. The company's Heshan City Yinyu Lighting Co., Ltd. has won the bid. The news stimulated the company's stock price to surge by 83.5% to 1.78 yuan, and led the peers to think ahead (595) and reach into Oriental Lighting (515), which rose by more than 10%.
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