Ganzhao Optoelectronics is approved to approve the first phase of the blue-green project is expected to be put into operation at the end of September

[Text / high-tech LED Zhao Hui] Since 2014, domestic LED epitaxial chip companies have accelerated the pace of financing expansion, and listed companies such as Sanan Optoelectronics and Huacan Optoelectronics have added MOCVD equipment through additional issuance to expand production capacity to scale. The advantage to occupy the market. And Ganzhao Optoelectronics (300102.SZ), which has been the leader in the domestic red and yellow light chip field, has finally begun to enter the field of blue-green optical chips.

The battle for competition in the field of LED chips is on the verge.

On July 29, Ganzhao Optoelectronics announced that the company received the “Approval of Approving the Non-public Issuance of Shares of Xiamen Ganzhao Optoelectronics Co., Ltd.” issued by the CSRC on July 28 (Zheng Jian Li [2015] No. 1783) The approved company shall not issue more than 121,488,200 new shares in a non-public offering.

Previously, the “Non-Share Issuance of A-Share Stocks (Revised Draft)” published by Ganzhao Optoelectronics showed that the number of non-public offering A-shares was adjusted to no more than 127,482,200 shares. The total amount of funds raised in this issuance does not exceed RMB 80 million. Among them, Mr. Wang Weiyong, the company's shareholder, subscribes for RMB 80 million, and the proportion of subscribed shares is not less than 10%.

The total amount of funds raised in this issuance will not exceed 80 million yuan (including 80 million yuan), and all the LED blue-green optical epitaxial chip industrialization construction projects will be invested after deducting the issuance expenses. According to the planning of this project, the LED blue-green optical epitaxial chip industrialization construction project is expected to have a total investment of 134.26 million yuan, in addition to the additional 800 million yuan raised, the rest will be self-raised by Ganzhao Optoelectronics.

For the dry photo optoelectronics to enter the blue-green optical chip market, the industry's seniors believe that this is both an inevitable move and a helpless move.

It has always been good to rely on the high-margin survival of red and yellow chips. However, as Sanan Optoelectronics and Huacan Optoelectronics started to work in the red and yellow market, the market share of Ganzhao Optoelectronics began to suffer. Gross profit has also continued to decline.

At the same time, the rapid growth of LED lighting demand has also led to a large increase in the demand for blue-green optical chips. The combined influence of internal and external factors has determined that dry photo optoelectronics must have blue-green chip products.

As stated in the additional issuance plan, with the rapid development of the LED lighting market, the original customers of Ganzhao Optoelectronics are actively promoting the white light application products business, and the demand for blue-green light products is rapidly increasing. The growth of LED lighting has become the main driving force for the future LED industry. In this context, the company's existing product lines and structures will not fully meet the growth needs of the market and high-end customers. In order to effectively utilize the company's brand and market advantages, it is urgent to industrialize LED blue-green epitaxial chip products to better meet the long-term development needs of customers and the company itself. At the same time, the company's accumulated good customer resources and market reputation will also be continuously consolidated and improved with the expansion of the company's production capacity and product categories.

"The first phase of the blue-green project will invest 50 MOCVD, and there are other related equipment and facilities. It is expected that after the whole production is put into operation, the sales will reach about 1 billion." In an orderly advancement, ensure that it is completed on schedule.

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