LED industry "left for the king" era Linsen no ground for blame

In recent years, after the LED package to camp mighty wave crashing on a sandy shore, obvious differentiation. Manufacturers or gradually fade out of the market, or do differentiated competition. M.L.S. with large-scale cost advantage (large-scale expansion of large-scale production capacity to digest, +) aggressive marketing strategies and production equipment, process technology innovation, the LED package for absolute leader, annual production capacity of 350 billion SMD/Lamp, this increase after the expansion of 490 billion. Fully ahead of competitors. The main business of high growth sustainable, efficient financial management model, fully reflects the company's executive power. Our 2015 initiate a price war, pulling the opponent by less than expected earnings. 2016 market prices have been warmer, is expected to achieve full year net profit of 5 hundred million parent, an increase of 100%. 2017, in 2018 to maintain more than 30% rapid growth. At the same time, the company actively layout downstream lighting applications, expand the high-end brands and channels to enhance the valuation of space. The company had a small number of equity financing (IPO financing 900 million, this set by an increase of 2 billion 300 million), mainly through debt financing expansion. The company makes full use of the upstream and downstream accounts receivable / payable to carry out capital turnover, and did not significantly increase the financial costs, financial structure and health. Consider the fixed dilution, the chairman still holds 67% of the shares, the follow-up is expected to finance large. Expected acquisition of Osram general lighting business. OSRAM lighting distribution channels in Europe, the market share of the first, North America ranked second, is the world's second largest lighting manufacturers. Improve the industrial chain, has a strong technical strength in the upper reaches of the monopoly of high-end product market, high brand recognition. The spin off business includes traditional light bulbs, ballasts and LED lamps and systems department, which accounted for about 40% of OSRAM's annual revenue. The company's overseas expansion of lighting applications, the urgent need for OSRAM brands and channels. From the production scale and capital scale, the company beat all other parties involved in the acquisition of china. Constant increase. Intends to not less than 28.12 yuan / share price, non-public offering to raise funds of $2 billion 320 million. One year investment in Zhongshan Xiaolan SMD LED packaging production, Jiangxi SMD LED first phase investment and Jiangxi LED lighting application. The company currently has an annual capacity of about 350 billion SMD/Lamp, after expansion, only SMD production capacity will be doubled around. This is enough to see the company in the face of the future situation full of confidence.