Australia Shunchang plans to invest 1 billion to enter the field of LED

Australia Shunchang LED project intends to invest 1 billion yuan, the company's main business will be converted to the metal logistics service and LED service parallel twin main business model.

Australia Shunchang February 22nd announcement that the company intends to total amount of 1 billion yuan investment in the LED project, the company's main business will be converted to the metal logistics service and LED service parallel twin main business model.

Notice that item company registered capital of 250 million yuan, will be invested in the MOCVD epitaxial furnace of 30, high-power blue, green LED epitaxial wafer and chip research and development and manufacturing. Required for the project investment of 1 billion yuan, imported equipment need to invest 500 million yuan, 100 million yuan of land plant, domestic auxiliary equipment for 100 million yuan, 250 million yuan of liquidity needs.

Australia Shunchang is expected, 2-3 months of preparation of the project; the construction period of about 20 months, in which the land building construction for 12 months, 8 months of equipment installation and commissioning.

The company expects, if in the project approval, approval and other aspects of land preparation, adequate support and equipment procurement, personnel recruitment in normal circumstances, the project is expected to achieve in 2012 planned capacity in 2013 20%, achieve the planned capacity of 70%, production until 2014.

The production capacity of the project is up to 2 inches per year, with an output of about 1 million 400 thousand inches of 10mil * 23mil chip, which can produce about 12000 chips. If the fluctuations measured every one thousand 10mil * 23mil chip prices between 70-80 yuan, the project is expected to put into a total revenue of approximately 12-13.5 billion yuan, net profit of about 2.3-2.6 billion yuan, the project financial internal rate of return on investment (income tax) is estimated to be 34%, the payback period of investment (income tax) is expected to for 4.84 years.