Recently, Aoyang Shunchang suffered a certain degree of correction, retracing nearly 20% from the stage high to the stage low. Except for the influence of some investors' profitability at the end of the year, according to communication, investors are mainly worried. It is whether the LED expansion target of Aoyang Shunchang can be achieved, and whether the new capacity generated by the expansion can be effectively converted into orders and revenue. Last week, Mulinsen Co., Ltd. increased its capital to Huayang Anyang Shunchang Optoelectronic Technology Co., Ltd., a subsidiary of Aoyang Shunchang Subsidiary Co., Ltd. with a monetary fund of 500 million yuan. In addition, Aoyang Shunchang increased its capital by 500 million yuan from convertible bonds and its own monetary funds. . Huai'an Optoelectronics is the main carrier for R&D, production and sales of Aoyang Shunchang LED business. Aoyang Shunchang currently has a monthly production capacity of 200,000 LED chips. It has accelerated the construction of the second phase of the industrialization project in the near future. It is expected that the second phase capacity will be expanded to 600,000 pieces/month, or it will start production in 2017Q1, and the climb will end at the end of April. After the expansion is completed, its production capacity will be only the chip leader Sanan Optoelectronics, ranking second in the country. As the leader of the domestic LED packaging industry, Mulinsen continued to expand M&A: acquisition of Osram lighting business, acquisition of green lighting company era light source, raising funds of 2.3 billion yuan to increase capital, 3 subsidiaries to expand LED packaging and lighting business, investment in harmonious Mingxin, investment 55 100 million yuan settled in Yiwu to build an annual production capacity of 1 billion sets of LED lighting fixtures. Since the chip price plummeted in 2015, Mulinsen's main supplier, Jingyuan Optoelectronics, has been shutting down production capacity since last year, and the price-performance advantage of LED domestic chips is prominent, and the domestic substitution trend is obvious. Mu Linsen has always been a strategic partner of Aoyang Shunchang. After the capital injection, Mulinsen will preferentially purchase the LED chips produced by Huai'an Optoelectronics according to the market price. Huai'an Optoelectronics will also give priority to Mulinsen to ensure the complete digestion of the company's new production capacity.
Ningbo City Yinzhou Ruican Machinery Co.,Ltd , https://www.factoryforging.com