[Reporter / Wang Cairong] The pace of expansion in the LED industry is accelerating.
On the evening of May 12, Dongshan Precision issued the “Feasibility Report on the Use of Raised Funds for Non-Public Issuance of Stocksâ€, saying that the total amount of funds raised by the company is not more than 1.175 billion yuan, which is used to invest in 458 million yuan of LED device production projects, LCM modules. The production project is about 220 million yuan, the precision sheet metal production project is about 224 million yuan, and the precision metal structural parts production project is about 274 million yuan.
In 2013, Dongshan Precision (002384.SZ) LED and module business revenue reached 1.375 billion yuan, a substantial increase of 155.89% over the previous year. In less than one month after the disclosure of its 2013 annual report data, Dongshan Precision has decided to increase the plan, and plans to raise funds not to exceed 1.175 billion yuan to expand precision manufacturing projects such as LED device production.
Obviously, the explosion of LED and module business in 2013 gave Dongshan Precision great confidence, and the overall situation of the current LED industry is improving. In this fixed plan, the investment in LED device production projects accounted for nearly 40%.
"Whether it is LED lighting or backlighting, the demand for the whole market has increased very rapidly. LED and related businesses are the areas where we will focus on this year." Wang Jianmin, general manager of Dongshan Precision LED Business Unit, told the reporter of "High-tech LED".
The reporter learned that the construction period of the LED device production project invested by Dongshan Precision was 1 year, and the new LED device production capacity was 3.6 billion pieces/year. After the production is fully realized, the annual operating income is expected to be 540 million yuan. The annual average net profit of the project is 57.736 million yuan. The project internal rate of return (after income tax) is 17.58%, and the investment payback period is 6.19 years.
Wang Jianmin said that in terms of LED business, Dongshan Precision is actually not the same as other packaging factories. We are more integrated with some supply chains. “For example, in the large-size LED backlight part, we are involved in many aspects such as injection molding, LED packaging, SMT chip line and light guide plate. Basically, apart from glass, we are involved in other key components, so the cost advantage will not Lost to any LED backlight factory in China."
Since cutting into the LED TV backlight business in 2010, Dongshan Precision has gradually grown into a “dark horse†in the LED industry with its rapidly rising performance and rapidly expanding LED backlight market share. In 2012, Dongshan Precision set up a new profit growth point and established Suzhou Dongshan Lighting Subsidiary to lay out the LED lighting market.
In 2013, Dongshan Precision achieved operating revenue of approximately 2.611 billion yuan, of which the LED business revenue exceeded the traditional precision sheet metal and precision die-casting business for the first time, supporting half of the company's performance. However, the net profit deducted from non-recurring gains and losses of shareholders belonging to listed companies was only 16.1873 million yuan, but this figure has greatly improved compared with the loss situation in the same period of last year.
Dongshan Precision will increase production capacity and expand production of LED devices. On the one hand, it may continue to increase production capacity, further reduce costs, and rapidly increase market share. On the other hand, it may feel the time of the LED lighting market. Already arrived.
On the evening of May 12, Dongshan Precision issued the “Feasibility Report on the Use of Raised Funds for Non-Public Issuance of Stocksâ€, saying that the total amount of funds raised by the company is not more than 1.175 billion yuan, which is used to invest in 458 million yuan of LED device production projects, LCM modules. The production project is about 220 million yuan, the precision sheet metal production project is about 224 million yuan, and the precision metal structural parts production project is about 274 million yuan.
In 2013, Dongshan Precision (002384.SZ) LED and module business revenue reached 1.375 billion yuan, a substantial increase of 155.89% over the previous year. In less than one month after the disclosure of its 2013 annual report data, Dongshan Precision has decided to increase the plan, and plans to raise funds not to exceed 1.175 billion yuan to expand precision manufacturing projects such as LED device production.
Obviously, the explosion of LED and module business in 2013 gave Dongshan Precision great confidence, and the overall situation of the current LED industry is improving. In this fixed plan, the investment in LED device production projects accounted for nearly 40%.
"Whether it is LED lighting or backlighting, the demand for the whole market has increased very rapidly. LED and related businesses are the areas where we will focus on this year." Wang Jianmin, general manager of Dongshan Precision LED Business Unit, told the reporter of "High-tech LED".
The reporter learned that the construction period of the LED device production project invested by Dongshan Precision was 1 year, and the new LED device production capacity was 3.6 billion pieces/year. After the production is fully realized, the annual operating income is expected to be 540 million yuan. The annual average net profit of the project is 57.736 million yuan. The project internal rate of return (after income tax) is 17.58%, and the investment payback period is 6.19 years.
Wang Jianmin said that in terms of LED business, Dongshan Precision is actually not the same as other packaging factories. We are more integrated with some supply chains. “For example, in the large-size LED backlight part, we are involved in many aspects such as injection molding, LED packaging, SMT chip line and light guide plate. Basically, apart from glass, we are involved in other key components, so the cost advantage will not Lost to any LED backlight factory in China."
Since cutting into the LED TV backlight business in 2010, Dongshan Precision has gradually grown into a “dark horse†in the LED industry with its rapidly rising performance and rapidly expanding LED backlight market share. In 2012, Dongshan Precision set up a new profit growth point and established Suzhou Dongshan Lighting Subsidiary to lay out the LED lighting market.
In 2013, Dongshan Precision achieved operating revenue of approximately 2.611 billion yuan, of which the LED business revenue exceeded the traditional precision sheet metal and precision die-casting business for the first time, supporting half of the company's performance. However, the net profit deducted from non-recurring gains and losses of shareholders belonging to listed companies was only 16.1873 million yuan, but this figure has greatly improved compared with the loss situation in the same period of last year.
Dongshan Precision will increase production capacity and expand production of LED devices. On the one hand, it may continue to increase production capacity, further reduce costs, and rapidly increase market share. On the other hand, it may feel the time of the LED lighting market. Already arrived.
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