Tsinghua Tongfang 1 billion 400 million overweight LED and digital TV

Recently, the same party allotment program has started, is expected to raise funds of 2 billion, of which 1 billion 400 million will be invested in LED and digital TV system, the top two industries.

Enter the LED industry

Reporters learned that, in accordance with the allotment program, which shares the same side as of September 30, 2007 the total share capital base, 10 shares for every 2 shares, the share price of 16 yuan terms, will raise nearly 2 billion yuan, most of which will be used to support the construction of LED and digital TV project.

Tongfang said, in recent years LED development is the most attractive in the blue light LED coated with phosphor, the blue into white light white LED products. In order to meet the growing market demand, will invest in the construction of 45 high brightness LED epitaxial wafer and chip production lines, and vigorously develop LED lighting applications.

Industry estimates, the global LED market size will exceed $10 billion in 3 years. 2005 global high brightness LED market reached $5 billion 800 million, in 2006 reached $6 billion 600 million, is expected to increase to $10 billion 600 million in 2011, an average annual growth rate of 10.2%.

Digital TV industry

In addition, Tongfang will invest 600 million of technology development, digital TV network system of national standard application of industrial projects based on the expected construction period of two years, can be formed after the sales income of 996 million yuan, the annual net profit of 106 million yuan, net profit rate of 10.66%.

Currently, there are about 420 million TV users, of which about 100 million of the city's cable TV users, will gradually translate into cable digital TV users. While the remaining more than 300 million users will rely on ground (wireless) digital TV technology. Tongfang plans to use the funds to further invest in digital TV network.

Tongfang President Lu Zhicheng said, with 10 years of strategy is "technology + capital", now hatched Granville, environment, microelectronics and dozens of high-quality industrial company, seemingly unrelated business, are actually around environment in the field of information and energy expansion.

Source: Southern Metropolis Daily