On the evening of May 27, Sanan Optoelectronics Co., Ltd. (600184) Co., Ltd. issued an announcement to launch a financing plan of 3.3 billion yuan. For the 208.6 million shares that are planned to be issued, the Sanan Group, which is controlled by Lin Xiucheng, the chairman of Sanan Optoelectronics, will subscribe for 10% of the cash in cash, conveying a signal that is strongly optimistic about the future market.
According to the announcement, the price of the offering is not less than 90% of the average price of the company's stock in the first 20 trading days of May 28 (the pricing base date), that is, not less than 15.82 yuan per share. In the past month or so, Sanan Optoelectronics' share price has risen from a minimum of 10.93 yuan on April 16 to a maximum of 21.57 yuan on May 27, almost doubled.
Lin Xiucheng, chairman of Sanan Optoelectronics, previously said that although his shareholding has passed the lock-up period, he has not sold it yet, and he is still increasing his holdings because of his confidence in the prospects of the LED industry.
"The civilian, medical, and military markets have not yet developed. The next five years will be the best development period for Sanan Optoelectronics, but companies without core technologies and core products will be eliminated, and the entire industry will be polarized. The strong is stronger and the weak is bankrupt." Lin Xiucheng said.
National industrial policy may be an important source of confidence for Lin Xiucheng. In January of this year, the National Development and Reform Commission and other six ministries jointly issued the "Semiconductor Lighting Industry Energy Conservation Plan", which proposed that the LED lighting energy-saving industry output value will grow by about 30% annually, reaching 450 billion yuan in 2015 (including 180 billion yuan of LED lighting applications). The structure was further optimized, and a group of distinctive semiconductor lighting industry clusters were built, forming 10-15 leading enterprises with core technologies, more independent intellectual property rights, well-known brands and strong quality competitiveness.
In 2010, the total amount of lighting products used in China was 7.155 billion, of which only 14 million were LED lighting products, accounting for 0.20%. According to the plan, by 2015, all the incandescent lamps for general lighting above 60W will be eliminated, the market share will drop below 10%, and the market share of LED functional lighting products will reach more than 20%. If calculated according to the 20% occupancy rate, LED lighting products will reach 1.43 billion or more.
Sanan Optoelectronics announced that as a leading domestic industry, the company will actively deploy and accelerate development, expand the scale of production and operation through this fundraising, and strive to become the industry leader in China's operating income to enter the 10 billion mark.
"Many people only see that we have received some government subsidies, but we don't understand that we have undertaken the National 863 Program and the 973 Program every year. So far, we have obtained more than 200 invention patents, and many of them have filled the domestic gap." Lin Xiucheng told reporters.
Not only is Sanan Optoelectronics seeing future business opportunities, but international giant Philips is completing its in-depth layout in China. In September this year, the Philips LED Lighting Application Center, which invests 25 million Euros, will be officially put into production. This will be a fully integrated LED professional lighting solution production base and the world's most advanced lighting application center covering hotels, shopping malls, offices and roads. Lighting needs in areas such as urban landscapes.
Currently, Philips is trying to make LED technology revolutionize lighting, including new lighting for cars, smartphones, bus stops and sports venues. In the first quarter of this year, the effectiveness of this effort began to show, and its lighting business grew by 38%.
Lin Xiucheng obviously also saw the potential of the international market. He not only invested $9 million in the establishment of Lightera Corporation in California, USA, but also engaged in the research and development and sales of LED lighting applications. He also plans to pass Sanan, a wholly-owned subsidiary of Sanan Optoelectronics Co., Ltd. Optoelectronics Technology Co., Ltd. invested about 480 million yuan to subscribe for 19.9% ​​of the shares of Taiwan-listed company Yuyuan Optoelectronics, becoming its largest shareholder.
"This is the mainland's largest investment in Taiwan in the past five years. At present, the National Development and Reform Commission and the Ministry of Commerce have already completed the examination and approval, and are currently implementing the foreign exchange filing procedures. It is expected to be approved by the Taiwan Audit Committee of the Ministry of Economic Affairs in June." Lin Xiucheng told reporters .
Sanan Optoelectronics announced that in the future, the company will continue to promote the internationalization process, rank among the LED international manufacturers, and increase overseas investment. This time, the use of non-public offering funds to supplement working capital is an effective guarantee for the smooth implementation of the company's internationalization strategy. .
"As far as I know, Philips is looking for excellent partners in China. We are also looking for strong partners to realize the integration of the industry chain and finally achieve the top five global goals and strive for the top three strategic goals." Lin Xiucheng said.
Sanan Optoelectronics said that 2.8 billion yuan of the raised funds will be used for the Wuhu Optoelectronics Industrialization (Phase II) project. On the basis of the first phase of the project, the scale of production of blue and green light chips will be expanded to maximize the company's The unique advantages of the blue-green field to meet market demand.
In addition, listed companies such as Qinshang Optoelectronics (002638) and Jingsheng Electromechanical (300316) have also launched their respective expansion plans. In this regard, some insiders believe that at this stage, the industry chain should be integrated to digest the excess capacity caused by the past two years, instead of expanding production capacity again.
(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.)
According to the announcement, the price of the offering is not less than 90% of the average price of the company's stock in the first 20 trading days of May 28 (the pricing base date), that is, not less than 15.82 yuan per share. In the past month or so, Sanan Optoelectronics' share price has risen from a minimum of 10.93 yuan on April 16 to a maximum of 21.57 yuan on May 27, almost doubled.
Lin Xiucheng, chairman of Sanan Optoelectronics, previously said that although his shareholding has passed the lock-up period, he has not sold it yet, and he is still increasing his holdings because of his confidence in the prospects of the LED industry.
"The civilian, medical, and military markets have not yet developed. The next five years will be the best development period for Sanan Optoelectronics, but companies without core technologies and core products will be eliminated, and the entire industry will be polarized. The strong is stronger and the weak is bankrupt." Lin Xiucheng said.
National industrial policy may be an important source of confidence for Lin Xiucheng. In January of this year, the National Development and Reform Commission and other six ministries jointly issued the "Semiconductor Lighting Industry Energy Conservation Plan", which proposed that the LED lighting energy-saving industry output value will grow by about 30% annually, reaching 450 billion yuan in 2015 (including 180 billion yuan of LED lighting applications). The structure was further optimized, and a group of distinctive semiconductor lighting industry clusters were built, forming 10-15 leading enterprises with core technologies, more independent intellectual property rights, well-known brands and strong quality competitiveness.
In 2010, the total amount of lighting products used in China was 7.155 billion, of which only 14 million were LED lighting products, accounting for 0.20%. According to the plan, by 2015, all the incandescent lamps for general lighting above 60W will be eliminated, the market share will drop below 10%, and the market share of LED functional lighting products will reach more than 20%. If calculated according to the 20% occupancy rate, LED lighting products will reach 1.43 billion or more.
Sanan Optoelectronics announced that as a leading domestic industry, the company will actively deploy and accelerate development, expand the scale of production and operation through this fundraising, and strive to become the industry leader in China's operating income to enter the 10 billion mark.
"Many people only see that we have received some government subsidies, but we don't understand that we have undertaken the National 863 Program and the 973 Program every year. So far, we have obtained more than 200 invention patents, and many of them have filled the domestic gap." Lin Xiucheng told reporters.
Not only is Sanan Optoelectronics seeing future business opportunities, but international giant Philips is completing its in-depth layout in China. In September this year, the Philips LED Lighting Application Center, which invests 25 million Euros, will be officially put into production. This will be a fully integrated LED professional lighting solution production base and the world's most advanced lighting application center covering hotels, shopping malls, offices and roads. Lighting needs in areas such as urban landscapes.
Currently, Philips is trying to make LED technology revolutionize lighting, including new lighting for cars, smartphones, bus stops and sports venues. In the first quarter of this year, the effectiveness of this effort began to show, and its lighting business grew by 38%.
Lin Xiucheng obviously also saw the potential of the international market. He not only invested $9 million in the establishment of Lightera Corporation in California, USA, but also engaged in the research and development and sales of LED lighting applications. He also plans to pass Sanan, a wholly-owned subsidiary of Sanan Optoelectronics Co., Ltd. Optoelectronics Technology Co., Ltd. invested about 480 million yuan to subscribe for 19.9% ​​of the shares of Taiwan-listed company Yuyuan Optoelectronics, becoming its largest shareholder.
"This is the mainland's largest investment in Taiwan in the past five years. At present, the National Development and Reform Commission and the Ministry of Commerce have already completed the examination and approval, and are currently implementing the foreign exchange filing procedures. It is expected to be approved by the Taiwan Audit Committee of the Ministry of Economic Affairs in June." Lin Xiucheng told reporters .
Sanan Optoelectronics announced that in the future, the company will continue to promote the internationalization process, rank among the LED international manufacturers, and increase overseas investment. This time, the use of non-public offering funds to supplement working capital is an effective guarantee for the smooth implementation of the company's internationalization strategy. .
"As far as I know, Philips is looking for excellent partners in China. We are also looking for strong partners to realize the integration of the industry chain and finally achieve the top five global goals and strive for the top three strategic goals." Lin Xiucheng said.
Sanan Optoelectronics said that 2.8 billion yuan of the raised funds will be used for the Wuhu Optoelectronics Industrialization (Phase II) project. On the basis of the first phase of the project, the scale of production of blue and green light chips will be expanded to maximize the company's The unique advantages of the blue-green field to meet market demand.
In addition, listed companies such as Qinshang Optoelectronics (002638) and Jingsheng Electromechanical (300316) have also launched their respective expansion plans. In this regard, some insiders believe that at this stage, the industry chain should be integrated to digest the excess capacity caused by the past two years, instead of expanding production capacity again.
(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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