On the 4th, the two major LED product manufacturers, Sanan Optoelectronics and Silan Micro, announced a new investment expansion plan. The new round of capacity expansion competition continues to intensify, investors are obviously looking forward to this, the two companies' share prices have been popular.
4 Shilan Micro launched a targeted fundraising plan, which plans to raise funds of no more than 600 million yuan at a price of not less than 8.82 yuan per share for the expansion of high-brightness LED chip production line projects and supplementary liquidity, of which 5 100 million yuan was used for about 312 sets of new production equipment, and the LED chip production line was expanded. The new epitaxial wafers were added 570,000 pieces/year, and the newly added chips were 7.2 billion pieces/year. After the implementation of the project, Silan Micro can realize the production capacity of 600 million pieces/month of high-brightness light-emitting diode (LED) chips and 47,500 pieces/month of epitaxial wafers.
Sanan Optoelectronics, which has already taken the lead in the national LED production capacity layout, is not to be outdone. On the 4th, Sanan Optoelectronics announced that it will set up a wholly-owned subsidiary in Wuhu, Anhui Province with its own funds of 50 million yuan to build a new LED production base. This is the third LED production base of Sanan Optoelectronics recently. In October 2009, Sanan Optoelectronics raised 800 million yuan for the construction of Tianjin LED base through private placement, and in December, it participated in the Hubei Jingzhou LED Industrial Base.
Both companies indicated that the purpose of fundraising and expansion is to increase production capacity, increase market share, meet the needs of LED market development, and consolidate the company's industry leading position. Market investors are full of expectations for the expansion plans of the two leading LED companies. On the 4th, the stock price of Shilan Micro directly went to the daily limit of 12.40 yuan / share, and continued until the close, the daily limit has never been opened. Sanan Optoelectronics, which has hit a record high for many times, has also been enthusiastically sought after by investors. On the afternoon of the 4th, the company hit a new high with a daily limit of 58.03 yuan.
Industry researchers have warned that the current threshold for LED applications is still high, and production costs will not drop quickly. The profit prospects of the LED industry are also mainly dependent on the government's industrial policy support. For example, in 2009, the Ministry of Science and Technology launched the “Ten Cities and Ten Thousand Miles†plan, and the rumored LED lighting will be included in the scope of subsidies. Moreover, from the actual situation, the government's promotion effect has not yet reached the goal. It is reported that due to insufficient financial resources, the installation speed of LED public lights is not as expected, and some cities only install a few hundred or a few thousand miles. In addition, from the profit data, although the profits of Silan Micro and Sanan Optoelectronics in the first three quarters of 2009 have doubled, analysts pointed out that the dynamic P/E ratio of the two companies has been significantly higher, and the company's share price has risen. Hype ingredients.
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