[Inventory] Major Enterprises That Ramped Up LED Business in the Past Three Months

On August 10, after ten months, Jufei Optoelectronics’ plan to add 66 million shares to increase LED production expansion was approved by the China Securities Regulatory Commission, which approved the company’s non-public issuance of no more than 66 million new shares. At the same time, companies such as Mulinsen, Hongli Optoelectronics, Dehao Runda and other companies have also issued fund-raising announcements recently...

According to relevant government plans, by 2015, all incandescent lamps above 60W for general lighting will be eliminated, and the market share of LED functional lighting products will increase to more than 20%, promoting the average annual growth of the output value of the LED lighting energy-saving industry by about 30%, reaching 450 billion yuan in 2015. National industrial policy support will enable the LED industry to face better market prospects.

Based on this, "huge" listed companies, especially upstream and midstream companies, have successively raised funds to expand LED business, in order to form scale advantages, reduce production costs, and further seize market share. The editor below will take you to take stock of the "trenches" that have increased the LED business in the past three months.

Mulinsen plans to raise 2.3 billion yuan to increase its main LED business

Mulinsen announced on the evening of August 10 that it plans to issue no more than 61.5 million shares in a non-public offering at a price of no less than 38.11 yuan per share, and the net raised funds will not exceed 2,315.7394 million yuan, which will be used to implement the "Xiaolan SMD LED Packaging Technical Transformation Project", "Ji'an SMD LED Packaging Phase I Construction Project", and "Xinyu LED Application Lighting Phase I Construction Project".

The company stated that the implementation of the above-mentioned fundraising projects will further consolidate the company's leading position in the LED packaging business, accelerate the company's extension in the downstream LED application lighting field, improve the layout of the company's LED industry chain, and further strengthen core competitiveness.

Hongli Optoelectronics plans to raise more than 700 million to expand the scale of its LED packaging business

Hongli Optoelectronics announced on the evening of August 4 that it plans to issue no more than 30 million shares in a non-public offering, and the total amount of funds raised will not exceed 725.49 million yuan, which will be used for SMD LED construction projects, acquisition of 49% equity of Liangyou Hardware and capital increase projects and supplementary working capital. The smooth implementation of this fundraising project will help the company further expand the scale of its LED packaging business, improve the industrial chain, and enhance the company's profitability.

Dehao Runda plans to raise 4.5 billion to invest in LED chip projects

Dehao Runda announced on the evening of June 14 that the company plans to non-publicly issue no more than 378 million shares to no more than 10 specific investors at a price of no less than 11.89 yuan per share, and the total amount of funds raised will not exceed 4.5 billion yuan. Among them, it plans to invest 2 billion yuan in LED flip-chip projects, invest 1.5 billion yuan in LED chip-scale packaging projects, and 1 billion yuan to supplement working capital.

The company’s LED flip-chip project has a total investment of 2.5 billion yuan. After the project is completed and reaches production, it is expected to achieve annual sales revenue of 1.955 billion yuan and a total profit of 423 million yuan. When the LED chip-scale packaging project is completed, it can meet the company's annual packaging needs of 4.25 billion flip-chip chips, forming an annual production capacity of 4.25 billion chip-scale packaging devices. After the project is completed and reached capacity, the annual sales revenue will be 2.972 billion yuan and the total profit will be 268 million yuan. In addition, the company has invested RMB 1 billion to supplement working capital and is expected to save RMB 59.5 million in financial expenses annually.

Xiamen Cinda raised 1.3 billion in fixed capital to increase the "Internet of Things+" to extend the downstream of the LED industry

Xiamen Cinda announced on June 9 that it planned to issue 75.14 million shares at a price of no less than 17.3 yuan per share and raise 1.3 billion yuan to invest in three projects: "Cinda IoT Security Technology Service Platform", "Cinda Optoelectronics LED Packaging and Application Product Expansion" and "Cinda Optoelectronics LED Display Packaging Product Expansion". The controlling shareholder, Guomao Holdings, will subscribe for 30% of the total number of shares.

Xiamen Xinda’s private placement is a large-scale adjustment to its existing LED business. It is trying to extend the production capacity of its core product lines to downstream application areas and achieve diversification and serialization of application products through packaging, road lighting, indoor lighting and other products.

UniMing raises 500 million yuan Add two LED application factories

Unilumin Technology announced at noon on June 3 that the company plans to non-publicly issue non-public shares to Lin Mingfeng, Zhou Wen, Sun Hongxia, Qianhai Daewoo Asset Management Plan, and Hanxin Asset Management Plan at a price of 16.96 yuan/share. More than 30 million shares, and the total amount of funds raised will not exceed 509 million yuan. The net raised funds after deducting issuance expenses will be invested in the Daya Bay commercial LED super TV automated production base construction project, the acquisition of 20% equity of Lamp Technology and the supplement of working capital.

Sanan Optoelectronics plans to raise 3.51 billion yuan to invest in LED and other projects

Sanan Optoelectronics announced on June 2 that the company’s non-public offering of shares will not exceed 157.3991 million shares (including 157.3991 million shares), and the total amount of funds planned to be raised will not exceed RMB 3.510 million. Among them, 1.91 billion yuan will be used for the Xiamen Optoelectronics Industrialization (Phase II) project, and 1.60 billion yuan will be used for the communication microelectronics device (Phase I) project. It is understood that the Xiamen Optoelectronics Industrialization (Phase II) project has a total investment of 3.6451 million yuan, a construction period of 24 months, and is mainly engaged in the production of LED epitaxial wafers and chips.

Changfang Lighting plans to raise 900 million yuan to invest in lighting energy-saving projects

Changfang Lighting announced on the evening of May 25 that the company plans to non-publicly issue no more than 100 million shares to no more than 5 specific targets, and the total raised funds will not exceed 910.7175 million yuan, which will be used for lighting energy-saving service projects based on the PPP model and to supplement working capital. The project plans to invest approximately 700 million yuan in raised funds, which will be invested in three years. At present, the company has identified three lighting energy-saving service providers, including Xinyang Blu-ray, Huaqiyuan, and Asia-Africa Energy Saving, as the first batch of strategic partners. In the future, as the company's lighting energy-saving service business develops, more partners will be selected to carry out similar business.

Everlight successfully raised 1 billion for the largest LED production expansion in Taiwan

On May 10, Everlight Chairman Ye Yinfu said that he was optimistic about the prospects of LED. Everlight has successfully raised NT$5 billion (the same below, equivalent to approximately RMB 1.013 billion) and will carry out a three-year expansion plan with a total amount of 10 billion yuan (equivalent to approximately RMB 2.025 billion). He said that this should be the largest expansion of production among Taiwan's peers. Facing competition from the mainland, "if we don't expand, we will be eliminated."