Rapid increase in market demand for the proposed expansion of 600 million fund-raising

Jufei 24 evening announcement disclosure of non-public offering plan, the company intends to not more than 5 specific object issue not more than 30 million shares, raising total funds is not expected to exceed 600 million yuan, after deducting the cost of issue will be used to "LED backlight products (devices, light) expansion project", "LED lighting products the expansion project" and "LED technology R & D center expansion project". Prior to the issue of funds raised in place, the company can use the self financing funds to raise funds for the project in accordance with market conditions, and to raise funds in place to be replaced.

The rapid growth of the company's business, especially in the large size state-owned backlight product rate rising, and the background of LED lighting to replace traditional lighting products of the original, bring the rapid growth of market demand, provides a rare opportunity for the development of the company. The rapid growth of market demand for the size of the company put forward higher requirements, the company's existing production capacity has been unable to meet the needs of future business development, need to obtain new capital investment, expand production capacity and the size of the working capital, so the company hope that through this investment projects, continue to expand the company LED backlight products and lighting products related to LED R & D and production capacity, to meet the opportunities brought by the rapid market growth, enhance market competitiveness, enhance and consolidate its leading position in the industry.

After the release, the company's actual controller will not change. The total number of non-public offering of shares of not more than 30 million shares (including the shares of 30 million). Prior to the issue of funds raised in place, the company can use the self financing funds to raise funds for the project in accordance with market conditions, and to raise funds in place to be replaced.

Meanwhile, the company also disclosed the three quarter report, the first quarter of this year, the company achieved net profit of 131 million yuan, an increase of 34.40%, earnings per share of $0.46, an increase of 34.40%. 1-9 months, the company achieved operating income of 761 million yuan, an increase of 43.54%.

Poly fly photoelectric said, during the reporting period, the company operating scale growth, product sales growth led to increased operating income. At the same time, the company's business is progressing smoothly, product sales revenue to achieve rapid growth, bringing rapid growth in net profit.

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