Jucan Optoelectronics is mainly engaged in the research and development, production and sales of compound optoelectronic semiconductor materials. Its main products are GaN-based high-brightness LED epitaxial wafers and chips. The company's products are located in the upper reaches of the LED industry chain, with high technical thresholds and added value. The application fields of the products produced are lighting, backlighting, and display, mainly for mid-to-high-end application fields such as general lighting, plant lighting, vehicle lighting, mobile phone backlighting, vehicle backlighting, screen displays, wearable devices, and medical beauty. With the continuous investment and construction of Jucan's Suqian production base, the average monthly production capacity of GaN-based high-brightness blue-green LED chips is nearly 2 million pieces, and it has become the leading LE manufacturer in China.One of the D chip companies.
In the first half of this year, the core business of Jucan Optoelectronics is in a period of rapid development. At the same time, there are signs of recovery in market terminal demand. The company has released production capacity, combined with product positioning and accurate market demand. High-end products represented by backlight, high light efficiency, silver mirror flip-chip products and other products have prosperous production and sales. The company's capacity utilization rate and production and sales rate have remained at consistently high levels. Sales scale has reached a record high. The increase in volume and price has driven continued and steady growth in operating income.
In the first half of the year, Jucan Optoelectronics adhered to the dual efforts of technology and research and development, achieved dual advancement in product yield and performance improvement, and achieved significant breakthroughs in both original products and new products. GaAs products are accelerating product development and sample delivery for verification. The performance of ultra-high light efficiency, large and small backlights, Mini LED and other products have been rapidly improved, and the overall competitiveness is strong. Silver mirror flip-chip products have achieved sustained and stable mass production, and their performance has continued to improve, expanding product applications in lighting, TV backlights, automotive and other fields. The blue and green display series products achieve stable mass production and supply with the fastest research and development speed.
Based on the current market environment and future strategic planning, in order to improve the efficiency of the use of raised funds, JucanguangIn March this year, the company reviewed and approved the "Proposal on Changing the Use of Part of the Raised Funds and Adding New Investment Projects", agreeing that the company will change the use of part of the raised funds of the "Mini/Micro LED chip R&D and manufacturing expansion project" to be used for the implementation of the new project "Annual Production of 2.4 Million Red and Yellow Light Epitaxial Wafers and Chip Projects".
Through the construction of new projects, Jucan Optoelectronics will have an annual production capacity of 2.4 million pieces of red and yellow epitaxial wafers and chips, and establish a full-color system of RGB display products combined with blue and green LED chips. While generating economic benefits, it will enhance the company's core competitiveness and add new profit growth points.
Jucan Optoelectronics said that in the second half of the year, the company will continue to focus on deepening its main business, solidly promote fine management, develop customers and consolidate the market, and improve operational efficiency and benefits. With the implementation of the "annual output of 2.4 million red and yellow light epitaxial wafers and chips project" and the advancement of the "Mini/Micro LED chip R&D and manufacturing expansion project", high-end and high-priced products such as Mini LED, vehicle lighting, and direct display will be launched one after another, and the company's product categories will be further enriched; with increased investment in R&D, structural breakthroughs, performance improvements, and product upgrades, the company's development momentum will be further enhanced.
ANNA