Yi Jing Optoelectronics announced on July 29 that the company's wholly-owned subsidiary Changzhou Yi Jing Optoelectronics Technology Co., Ltd. has mature and reliable sapphire ingot growth technology. In order to seize market opportunities, Changzhou Yi Jing plans to invest in the construction of a 750,000 mm 4″ sapphire ingot project with an annual output of 750,000 mm. The total project investment is expected to be 132.73 million yuan. After the project is completed and reaches capacity, the after-tax internal rate of return is expected to be 30.44%, and the after-tax investment payback period is 3.78 years.
The project plans to build 50 sapphire furnaces and corresponding supporting equipment. Based on 100kg charging, the annual output is 750 crystal ingots, which is approximately 750,000 mm in length of 4″ ingots (and 370,000 mm ingots for 2″ ingots).
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