Market demand Wang Xinhai intends to cast 460 million expansion

The evening of August 27th, Xinhai announcement, a subsidiary of the company intends to expand the implementation of LED epitaxy, chip production capacity (two) investment projects, plans to invest 466 million yuan.

Announcement shows that the expansion of LED epitaxy, chip production capacity (two) investment project plan to invest 466 million 408 thousand and 900 yuan, of which 376 million 240 thousand and 200 yuan for the purchase of production equipment, 20 million 150 thousand yuan for supporting the project, 500 thousand yuan for the purchase of 15 million 300 thousand yuan for the software system, the technology development fee, 8 million 243 thousand and 800 yuan as the basic reserve funds, 45 million 975 thousand yuan as working capital.

The main content of the construction project includes two aspects: one is to invest in new equipment, through the MOCVD and other production equipment purchase, installation and debugging, the establishment of a new generation of wafer, chip, packaging production line, expand production capacity, to meet the market, the epitaxial chip high speed growing demand; two is through a a series of technical development, LED nano patterned substrate epitaxy, high brightness LED chips, improve product performance, in order to cope with the new trend in the development of industry, the company of "quality win the market, innovation and development" business philosophy. This project by investing in new equipment, the establishment of a new generation of wafer, chip, packaging production line, is expected to achieve the following objectives: to form an annual output of LED epitaxial wafers 1 million 300 thousand (2 inch wafer equivalent calculation), LED efficient lighting chips 21 billion 450 million. The project construction period is 1 years.

The company said that the project calculation period of 11 years, of which the construction period of 1 years, the period of delivery of the past 10 years. The total project investment is 466 million 408 thousand and 900 yuan, the project operation period the average operating income of 422 million 408 thousand and 500 yuan, the average annual pre tax profit of 90 million 606 thousand and 300 yuan, the financial internal rate of return is 21.08%, investment recovery period is 5.12 years (including construction period, static).

Notice that, through the expansion of production capacity to further improve the new nano crystal company's market competitive position, expand its brand influence, to further develop the LED product market; the project investment income is good, can contribute to the company more profit, and further consolidate the company's "communication" with the new energy strategy, to bring more returns for investors.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).