The single business era is going to start the dry photo optoelectronic blue green chip project

[Text|High-tech LED reporter Yue Mengdi] The dry photo optoelectronics, which has been trapped in a single red and yellow business, has finally changed its course and began to transform into a comprehensive LED chip company.

On the evening of September 3, Ganzhao Optoelectronics (300102) announced the non-public offering of A shares. The company intends to issue no more than approximately 60,744,100 shares to no more than five specific targets, including company shareholder Wang Weiyong. The total amount of funds raised is not more than 800 million yuan, and it is used in the LED blue-green optical epitaxial chip industrialization construction project. Among them, Wang Weiyong subscribed for 80 million yuan, and the proportion of subscribed shares was not less than 10%.

The LED blue-green optical epitaxial chip industrialization project initiated this time is located in the industrial zone of Xiamen Torch High-tech Zone (Xiang'an), with a total investment of 134.26 million yuan.

Lin Zhaohui, the director of the company, told reporters that the first phase of the blue-green project will invest 50 MOCVDs, as well as other related equipment and facilities. It is expected that sales will reach about 1 billion after full production.

The reporter reviewed the dry photo photoelectric 2014 semi-annual report and found that although the company operated smoothly in the first half of the year, the turnover and net profit decreased during the same period. The biggest reason was the sales of red and yellow LED epitaxial wafers and chips in the early stage of Ganzhao Optoelectronics. Prices are still falling and gross margins are falling.

"In the past, the gross profit margin of the red-yellow chip was still quite high, but now the red-yellow chip market is growing at a slower rate, and the blue-green chip will grow faster in the next three to five years." Lin Xiaohui said. In order to adapt to the current market conditions, companies need to find new profit growth points.

In fact, the dry photo photoelectric red yellow chip market has also been squeezed by chip companies such as Sanan Optoelectronics and Huacan Optoelectronics. Huacan Optoelectronics launched the red-yellow epitaxial chip project in its second phase of Suzhou.

In 2014, the downstream lighting market continued to grow, and while the upstream chip manufacturers' capacity was released, the chip market was increasingly competitive. In Lin Xiaohui's view, if there is no forward-looking product, the company will be in a relatively unfavorable situation in the competition. In order to further improve the company's product structure, and in order to provide customers with better customer service, Ganzhao Optoelectronics decided to invest in blue and green LED epitaxial wafers and chip projects based on the original industry.

This year, not only is Ganzhao Optoelectronics, but also domestic mainstream chip manufacturers such as Sanan Optoelectronics and Huacan Optoelectronics have increased their production speed in the chip field. Huacan Optoelectronics, which is located in the “only focus on chip”, has already started and expanded the first and second phases of the Suzhou subsidiary. The announcement of the first phase of the project indicates that the first phase of the project will increase the production capacity of blue and green chips for the company. A total of 1,995 KK / month, and the third phase of the project before the month of production will increase the company's new blue and green chip production capacity of 1,831 KK / month.

At this point in time, Ganzhao Optoelectronics decided to enter the LED blue-green optical chip market, and it is also expanding in line with market development. "The decline in chip prices last year was more serious. Although the overall price is also declining this year, it is relatively stable." Lin Xiaohui believes that after the scale of blue-green light chips is used, the price will slowly decline. "But due to the large amount of consumption, the gross profit margin will still be compared. considerable."

In fact, the advantages of LED blue-green optical chips in backlight and lighting applications are obvious, and white light general lighting will be the main driving force for the long-term sustainable development of the LED market in the future, and the demand for blue-green optical chips will be even greater. At the same time, the gross margin of LED blue-green chips is higher than that of red-yellow light. Lin Xiaohui expects that after the blue-green project is successfully put into production, it will contribute to the company's future sales revenue.

It is understood that the current dry photoelectric blue-green chip project has begun, the plant has been completed, and it can be put into use after renovation.

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