China LED will invest in the construction of Xiamen Dachang three research and production base of Tianjin LED

In March 16th, Xiamen Sanan optoelectronics held a shareholders' meeting. At the meeting, the non-public offering of A shares to raise no more than 800 million yuan investment in the construction of LED industrialization project of Tianjin Sanan optoelectronics Co. Ltd. passed. Three said that if the Tianjin project smoothly, the company will form a manufacturing base and research center.

Insiders said that the non-public offering will improve the financial situation of Sanan optoelectronics. According to the company's annual report, the asset liability ratio from 33% at the end of the three quarter increase to about 44% at the end of the year, the non-public issuance will reduce the company's assets and liabilities, the company's main business income and net profit have increased substantially, the company's financial situation has been optimized and improved, the company's assets, net assets will sharply increase the financial structure more reasonable. At the same time, according to three of the non-public offering plan, the funds raised will be used for the LED industrialization project of Tianjin Sanan optoelectronics Co. Ltd., the formation of RGB ultra high brightness LED epitaxial wafer and chip production line, the production scale of annual output of epitaxial wafers 850 thousand / year, 20 billion grains / year chip.

The company said Sanan optoelectronics, will continue to strengthen in the Chinese photoelectric field leading position, and strive to become the world's most influential optoelectronic industry base, with the implementation of the project brings profit increase, the overall profitability of the company will have a substantial increase. It is expected that the project will produce new sales income of 1 billion 92 million 600 thousand yuan, the new profit after tax 218 million 320 thousand yuan.