The company stated that given that some conditions involved in the current major asset restructuring have not yet fully matured, there are differences in some matters during the negotiations, and it is difficult to reach an agreement within the prescribed time for the suspension of trading. The company decided to temporarily stop planning this major asset restructuring. The company promises not to plan any major asset reorganization within 6 months from the date of termination of this major asset reorganization and resumption of stock trading. The company's operations and development strategies will not be affected as a result.
Due to the turning point in performance this year, Huacan Optoelectronics has become a star stock in the LED sector this year. The performance forecast shows that the company's profit in the first half of this year was 40.7276 million yuan-45.0151 million yuan, an increase of 185%-215% over the same period last year. The reason for the change in its performance is that the main reason for the substantial increase in half-year performance in 2014 compared with the same period last year is: during the reporting period, the growth momentum of LED chip market demand since the second half of last year continued to maintain, the decline in product prices was basically reasonable, and profitability rebounded significantly. With the parent company's third phase expansion project put into operation, most of the Suzhou subsidiary's first phase construction project has been put into operation.
There are also rumors about the acquisition of Huacan Optoelectronics in the market. After Huacan Optoelectronics' trading suspension, it was reported that Huacan Optoelectronics' current suspension is to acquire Yunnan Blue Crystal Technology Co., Ltd. According to the introduction page of Blue Crystal Technology, Blue Crystal Technology is the largest and most technologically advanced LED sapphire substrate manufacturer in China. At the same time, Blue Crystal Technology also had an IPO on the GEM in 2010. In September 2010, Blue Crystal Technology began to receive listing guidance from China International Capital Corporation, and in October 2010, it introduced IDG Capital. Only on February 25, 2013, Blue Crystal Technology terminated the review and withdrew from the IPO queue.
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