LED lighting demand Wang Lunda "bold" expansion

In spite of LED industry is facing a boom, the largest ever start lextar expansion action, because of low power CREE orders, coupled with the long-term demand for LED lighting, the first half of next year, before the Lunda expansion plans for the LED epitaxial wafer and the wafer capacity increase on 40 to 50% 2014, a substantial increase in capital expenditure 50% up to 3 billion yuan (NT, the same below, about 612 million yuan), more than half a share.

Although the LED Wafer Factory facing inventory adjustment pressure transient, but the expansion plan of Ronda is not affected, to maintain the pace of expansion established, according to the Lunda statistics, last year the capital expenditure of about 1 billion yuan (about 204 million yuan), this year's planned capital expenditure was 2 billion yuan (about 408 million yuan), but because the New South bamboo factory purchase plan, capital expenditure increased to 3 billion yuan, is not only the history of a new high, the scale is unprecedented, 3 times last year.

Lextar admits, in addition to the Cree OEM orders, expansion is mainly focus on the LED lighting long-term demand, so even if the short-term economic adjustment, Ronda plans to increase production are not affected, this year first extended period of packaging capacity, production capacity began to release from the third season, all the way out to the end of the year.

As for some epitaxial wafer, and lextar pointed out, will first increase to modify the machine, as to how much the new machine? Currently in the planning, the purchase of new bamboo factory has Lunda, expansion of space more than sufficient, hope in the first half of next year before the increase of 40 to 50%, this is the largest since the establishment of Ronda expansion action.

Ronda is currently on both sides of a total of 100 sets of MOCVD machine, the scale of investment in new plant bamboo undecided, but also hope Ronda 4 inch, 6 inch into the machine, and hope that the 6 inch machine.

Due to the end of the second season of Ronda, part of cash and cash equivalents amounted to 4 billion 843 million yuan (about 989 million yuan), with the first half of a total profit of 194 million yuan (about 39 million 576 thousand yuan), the second half of the Cree shares of $83 million of funds in place, the size of available capital gold Lunda also known as unprecedented, should not have to increase demand this year.

The domestic LED shares face correction, Cree shares by foreign analyst downgrade, yesterday showed down trend, but in the long term, Cree packaging, lighting components revenue reached 30 of revenue to 40%, operation has been transferred to the downstream, the upstream chip for OEM is unstoppable trend.

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