Jufei Optoelectronics will increase the number of 66 million shares approved to increase LED expansion

On August 10, 2015, Jufei Optoelectronics received the “Approval of Approving the Non-public Issuance of Stocks by Shenzhen Jufei Optoelectronics Co., Ltd.” issued by the China Securities Regulatory Commission, and approved the company's non-public issuance of no more than 66 million new shares.

As early as October 2014, Jufei Optoelectronics had a need for non-public offering of shares. On October 25 last year, Jufei Optoelectronics announced the "non-public offering plan", the total number of non-public offerings not exceeding 30 million shares (including 30 million shares), raising a total of not more than 600 million yuan, and raising The funds will be used for the expansion of backlight LED products (devices, light strips), lighting LED product expansion projects and LED technology R & D center expansion projects.

In March 2015, Jufei Optoelectronics announced another announcement that it will adjust the maximum number of non-public offering A shares to 66 million shares (including 66 million shares).

According to the additional issuance plan of October last year, of the 600 million yuan raised funds, 320 million yuan was used for the expansion of backlight LED products, 214 million yuan for lighting LED product expansion projects, and 0.66 billion yuan for LED technology research and development centers. Expansion.

In fact, in recent years, the LED industry technology update iteration speed is fast, the production efficiency continues to increase, the pressure of competition at home and abroad continues to increase, and the ability to continue to maintain innovation and enhance overall competitiveness is the LED company to further expand market share and improve market position. Necessary measures.

Jufei Optoelectronics also knows this.

Among the enterprises producing backlight LEDs in mainland China, Jufei Optoelectronics has certain advantages in market share and reputation.

In 2014, Jufei Optoelectronics realized revenue of 991 million yuan and net profit reached 179 million yuan. The profit rate exceeded the average level of LED packaging enterprises. Southwest Securities Research Report pointed out that Jufei Optoelectronics has an absolute leading position in the small-size backlight market with a market share of more than 30%. And overseas customers have developed well, and mobile phone customers in Taiwan and South Korea have exceeded expectations.

However, the overall market share of the large and medium-sized backlight products of Jufei Optoelectronics is still low in the domestic market, and there is still much room for improvement in the future. On the other hand, the company is also optimistic about the future prospects of LED lighting, and insists on taking the differentiated route, and will continue to exert its strength this year.

These all require financial support.

In the first half of 2015, Jufei Optoelectronics' performance is expected to fall by 0% --30%. The timely approval of this raised funds will become a strong support for the company's development strategy of becoming a world-class enterprise in the LED industry.

Introduction

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