Sanan Optoelectronics has thrown a 3.3 billion yuan refinancing plan in the context of the recent surge in stock prices. At that time, the funds will be used to implement the Wuhu Optoelectronics Industrialization (Phase II) project and supplement the working capital. Just two months ago, Sanan Optoelectronics just passed the proposal to terminate the company’s public offering of A shares at the 24th meeting of the 7th Board of Directors.
Major shareholder plans to subscribe for 10% of cash
Sanan Optoelectronics launched a fixed-income plan. The announcement stated that the issue price is not less than 15.82 yuan/share, and the proposed non-public offering does not exceed 209 million shares, and the raised funds do not exceed 3.3 billion yuan. Among them, the Sanan Group, controlled by the company's real controller Lin Xiucheng, intends to subscribe for 10% of the number of non-public offerings in cash.
The purpose of the raised funds is to invest in the Wuhu Optoelectronics Industrialization (Phase II) project and supplement the working capital, so as to enlarge and strengthen the existing main business, increase the market share of the products, and strive to become the first domestic revenue to enter the 10 billion yuan mark. Leading LED industry. After the completion of the project, it is estimated that the annual sales income will reach 3.295 billion yuan and the net profit after tax will be 566 million yuan.
It is worth mentioning that the Sanan Optoelectronics has been revised for three times within two years. In April 2011, the company plans to raise more than 8 billion yuan through public offerings for Wuhu Optoelectronics Industrialization (Phase II) project and LED application product industrialization project; in September of the same year, the company will reduce its fundraising to no more than 63 100 million yuan, Wuhu (Phase II) project was adjusted to 4 billion yuan; in March 2013, the company said that because of changes in the market environment, combined with the company's situation to terminate the fixed-income program. However, only two months later, the fixed-income plan was revived, and Sanan Optoelectronics was indifferent to the Wuhu (Phase II) project.
Researcher: LED warming will continue
The implementation of Wu'an Optoelectronics Industrialization (Phase II) project was carried out by Sanan Optoelectronics. In fact, Sanan Optoelectronics implemented the Wuhu Optoelectronics Industrialization (Phase I) project in 2010, when Sanan Optoelectronics was in 2010. The issuance of additional issuance in the month and the successful issuance in October of the same year. Interestingly, when Sanan Optoelectronics succeeded in issuing, it was also the time when the LED industry was about to decline, and the overall industry was in a downturn for two years.
At the moment, when the company chooses to expand production capacity, is the company's products in short supply? The reporter called the company as an investor. The company's relevant staff told reporters that the company's current Wuhu (Phase I) MOCVD (the necessary equipment for the production of LED chips) all running, the company's current chip supply has indeed appeared tight.
"Wuhu (Phase II) plans to invest 100 MOCVD funds," the above-mentioned person told reporters that the reason for the increase and shrinkage, the person said, "The funds raised last time have a piece of application, this The second time, the company still wants to make the chip business bigger."
Considering that Sanan Optoelectronics terminated the issuance before the market environment changed, is there any continuity in the LED industry? In this regard, the reporter interviewed Zhang Xiaofei, director of the High-tech LED Research Institute. He believes that the LED recovery will continue for a period of time, at least until the third quarter, and will not decline in the fourth quarter, and may only slow down.
Some brokerage researchers also expressed optimism to reporters. They believe that LED's current strong performance comes from the rise of LED lighting in the first quarter. At present, major manufacturers are pushing, like Osram, Philips, etc., but now because of price problems, there is still a need for advancement in China. process. In addition, after the reshuffle of the LED industry in the past few years, there should not be too many companies investing heavily in MOCVD in the past one or two years.
Although many industry people are optimistic about the recovery of the LED industry, it is worth mentioning that some market participants told reporters that if LED lighting is used in the engineering field, the problem is not big, but many LED lighting fixtures are put on the shelf, sales cycle and And the substantive results of future sales remain to be seen.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Major shareholder plans to subscribe for 10% of cash
Sanan Optoelectronics launched a fixed-income plan. The announcement stated that the issue price is not less than 15.82 yuan/share, and the proposed non-public offering does not exceed 209 million shares, and the raised funds do not exceed 3.3 billion yuan. Among them, the Sanan Group, controlled by the company's real controller Lin Xiucheng, intends to subscribe for 10% of the number of non-public offerings in cash.
The purpose of the raised funds is to invest in the Wuhu Optoelectronics Industrialization (Phase II) project and supplement the working capital, so as to enlarge and strengthen the existing main business, increase the market share of the products, and strive to become the first domestic revenue to enter the 10 billion yuan mark. Leading LED industry. After the completion of the project, it is estimated that the annual sales income will reach 3.295 billion yuan and the net profit after tax will be 566 million yuan.
It is worth mentioning that the Sanan Optoelectronics has been revised for three times within two years. In April 2011, the company plans to raise more than 8 billion yuan through public offerings for Wuhu Optoelectronics Industrialization (Phase II) project and LED application product industrialization project; in September of the same year, the company will reduce its fundraising to no more than 63 100 million yuan, Wuhu (Phase II) project was adjusted to 4 billion yuan; in March 2013, the company said that because of changes in the market environment, combined with the company's situation to terminate the fixed-income program. However, only two months later, the fixed-income plan was revived, and Sanan Optoelectronics was indifferent to the Wuhu (Phase II) project.
Researcher: LED warming will continue
The implementation of Wu'an Optoelectronics Industrialization (Phase II) project was carried out by Sanan Optoelectronics. In fact, Sanan Optoelectronics implemented the Wuhu Optoelectronics Industrialization (Phase I) project in 2010, when Sanan Optoelectronics was in 2010. The issuance of additional issuance in the month and the successful issuance in October of the same year. Interestingly, when Sanan Optoelectronics succeeded in issuing, it was also the time when the LED industry was about to decline, and the overall industry was in a downturn for two years.
At the moment, when the company chooses to expand production capacity, is the company's products in short supply? The reporter called the company as an investor. The company's relevant staff told reporters that the company's current Wuhu (Phase I) MOCVD (the necessary equipment for the production of LED chips) all running, the company's current chip supply has indeed appeared tight.
"Wuhu (Phase II) plans to invest 100 MOCVD funds," the above-mentioned person told reporters that the reason for the increase and shrinkage, the person said, "The funds raised last time have a piece of application, this The second time, the company still wants to make the chip business bigger."
Considering that Sanan Optoelectronics terminated the issuance before the market environment changed, is there any continuity in the LED industry? In this regard, the reporter interviewed Zhang Xiaofei, director of the High-tech LED Research Institute. He believes that the LED recovery will continue for a period of time, at least until the third quarter, and will not decline in the fourth quarter, and may only slow down.
Some brokerage researchers also expressed optimism to reporters. They believe that LED's current strong performance comes from the rise of LED lighting in the first quarter. At present, major manufacturers are pushing, like Osram, Philips, etc., but now because of price problems, there is still a need for advancement in China. process. In addition, after the reshuffle of the LED industry in the past few years, there should not be too many companies investing heavily in MOCVD in the past one or two years.
Although many industry people are optimistic about the recovery of the LED industry, it is worth mentioning that some market participants told reporters that if LED lighting is used in the engineering field, the problem is not big, but many LED lighting fixtures are put on the shelf, sales cycle and And the substantive results of future sales remain to be seen.
Product price may fall another 25%
The second phase of the Wuhu project is highly valued by Sanan Optoelectronics.
Sanan Optoelectronics expects that the second phase of the Wuhu project is expected to achieve a sales income of 3.295 billion yuan and a net profit after tax of 566 million yuan. For comparison, its 2012 revenue was 3.363 billion yuan and its net profit was 810 million yuan.
In addition, newly purchased equipment can also bring government subsidy income to the company. “The specific subsidy amount for the new equipment purchased in the second phase of the Wuhu project will be negotiated with the local government.†On May 28, Wang Qing told the reporter.
In any case, the premise of expanding production capacity is that Sanan Optoelectronics' new capacity will be digested by the market in the future.
According to the company executives mentioned above, Sanan Optoelectronics' orders for LED chips have increased significantly in the past two months, and the trend of order growth is expected to continue. The capacity utilization rate of the company's 144 sets of equipment at the end of last year was 80-85%, and it has reached 90-95% at present. It is expected that the future production capacity will be in short supply.
A Shenzhen brokerage analyst also told reporters that the LED market has improved significantly this year, and the midstream package and downstream lighting orders are good.
However, a senior electronics industry analyst told reporters: "At present, the LED industry's recovery is far less exaggerated than the performance of the secondary market LED sector."
On May 28th, a deputy general manager of a company specializing in LED full-color display and LED lighting products in Shenzhen told reporters that compared with the previous two years, the demand for LEDs could be improved in the near future, and the market has recovered, but it has warmed up. Not so obvious, the situation throughout the year will have to be observed.
"A lot of people are very optimistic, but we may wish to look more calmly." The aforementioned electronics industry analysts said that the price of LED is still in decline, the industry generally believes that there will be a 20-25% decline in 2013.
The second phase of the Wuhu project is highly valued by Sanan Optoelectronics.
Sanan Optoelectronics expects that the second phase of the Wuhu project is expected to achieve a sales income of 3.295 billion yuan and a net profit after tax of 566 million yuan. For comparison, its 2012 revenue was 3.363 billion yuan and its net profit was 810 million yuan.
In addition, newly purchased equipment can also bring government subsidy income to the company. “The specific subsidy amount for the new equipment purchased in the second phase of the Wuhu project will be negotiated with the local government.†On May 28, Wang Qing told the reporter.
In any case, the premise of expanding production capacity is that Sanan Optoelectronics' new capacity will be digested by the market in the future.
According to the company executives mentioned above, Sanan Optoelectronics' orders for LED chips have increased significantly in the past two months, and the trend of order growth is expected to continue. The capacity utilization rate of the company's 144 sets of equipment at the end of last year was 80-85%, and it has reached 90-95% at present. It is expected that the future production capacity will be in short supply.
A Shenzhen brokerage analyst also told reporters that the LED market has improved significantly this year, and the midstream package and downstream lighting orders are good.
However, a senior electronics industry analyst told reporters: "At present, the LED industry's recovery is far less exaggerated than the performance of the secondary market LED sector."
On May 28th, a deputy general manager of a company specializing in LED full-color display and LED lighting products in Shenzhen told reporters that compared with the previous two years, the demand for LEDs could be improved in the near future, and the market has recovered, but it has warmed up. Not so obvious, the situation throughout the year will have to be observed.
"A lot of people are very optimistic, but we may wish to look more calmly." The aforementioned electronics industry analysts said that the price of LED is still in decline, the industry generally believes that there will be a 20-25% decline in 2013.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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