Our big fund-raising 2 billion 300 million overweight LED industry

[LED] Chinese Vtion Linsen (002745) August 10th evening issued a non-public offering plan. The company intends to not less than the price of 38.11 yuan / share, the number of non-public offering is not more than 61 million 500 thousand shares, the net funds raised not more than 2 billion 315 million 739 thousand and 400 yuan, will be used for the implementation of the "SMD LED package Xiaolan project", "Ji'an SMD LED package is a construction project", "Xinyu LED lighting should be the first phase of the construction project".

The specific use of funds raised

The company said, the implementation of equity investment projects, the company will further consolidate the leading position in the LED packaging business, accelerate the extension of the company in the downstream application of LED lighting field, improve the LED industry chain layout, further strengthen the core competitiveness.

Rawlinson said, nearly three years, the company SMD LED capacity utilization rate of 91%, 93% and 94% respectively. The rates were 91%, 97% and 92% by LED indoor and outdoor lighting equipment production capacity, annual basic close to full production status, especially in the annual production peak, although the company recently purchased a new production equipment, but still face binding capacity bottleneck. Through the raised investment item company production capacity will be greatly improved, ease the pressure on production capacity, is conducive to the company to further expand the scale of production and marketing, expand market share, increase market share.

In addition, nearly three years, the company's SMD LED product revenue was $600 million, $1 billion 298 million and $2 billion 79 million, LED application product revenue was $168 million, $279 million and $591 million, both showed rapid upward trend. The cost advantage of standardization, large-scale production is the company's core competitiveness. After the completion of the project, the company LED packaging products and LED lighting applications to further enhance productivity, with the upstream supplier bargaining power will be further enhanced, while the company's products R & D, production unit costs will be reduced, so as to further strengthen the company's production scale advantages, reduce the overall cost of the product, enhance the company's market competitiveness and profitability.

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