The largest domestic LED industry financing will increase 3 billion 500 million Elec-Tech approved

Known as the ultimate lighting of the LED industry, began to invite capital help, regulators also support this attitude.

In August 28th, China announced that 3 billion 500 million private placement case has received the Commission for approval. At present, this is the largest LED financing case. "Chairman Wang Donglei told Ben said elec-tech.

Last November, Elec-Tech to the market to raise $1 billion 500 million in "LED chip manufacturing", "LED package" and "LED lighting" three projects. Published on the 20 day of this year's report shows that the total investment in the above three projects have more than 1 billion 100 million yuan.

The 3 billion 500 million raised, Elec-Tech plans in addition to all fees will be issued to Wuhu LED wafer production line project and add liquidity. The project plans to form an annual production capacity of 1 million 800 thousand inches of 4 inches LED epitaxial film. Expected completion of the project, will add an annual operating income of 7 billion 956 million yuan, annual after tax profit of 1 billion 587 million yuan.

This has become the original main small household electrical appliances listed companies in the future for a long time performance highlights. Founded in May 1996 Elec-Tech, after years of hard work has become one of the three global home appliance manufacturing enterprise size. But the economic recession in Europe and America, RMB appreciation, labor costs increase drag small appliances profit rate decline year by year, announced the day before the BDO report shows that in 2011, the home appliance industry in the first half of this year gross margin was 13.22%, 6.20% lower than the same period last year; in contrast, in 2009 through the merger of entering the LED industry's gross margin has reached 37.96%. Over the same period last year increased by 4.92%.

By the end of this year, the Wuhu Elec-Tech industry base will be formed a complete industrial chain of LED. Wang Donglei said the hope that the LED industry is a capital intensive industries, but also need to invest a lot of money in order to achieve large-scale production.

LED industry is considered to be a long investment cycle, a large investment, high technical requirements, so there is a greater risk. Some market participants believe that before the end of the LED demand has not yet large-scale outbreak, the huge investment will cause the relative excess capacity.

Wang Donglei is expected to be more optimistic, he believes that the next 24 months, the price of LED lighting products will exceed the energy-saving lamps, ushered in the outbreak of demand. He judged that government procurement, commercial lighting, home improvement market will become the three largest LED market in China, the sales team for these three markets are also under construction.

In the next 6 months, Wang Donglei also needs to persuade firms and investors, the 3 billion 500 million placement success, let the dream continue Elec-Tech led.