Shunchang, Australia: new LED 400 thousand devices are being installed and debugged.

Yesterday, in view of whether the LED sapphire grinding and polishing and PSS substrate project will continue, and whether there is any pressure on the company's funds, the Australian ocean Shunchang has responded to the interactive platform. At present, the LED sapphire grinding and polishing and PSS substrate projects have already been trial run, and the company will operate according to the first part of the capacity. And LED market to implement follow-up projects.

In addition, the original raised funds are used to build LED related projects. Although the increase has not been implemented, the company has the ability to raise funds for the project itself. In the 2017 quarter and the first quarter of 2018, the operating cash flow maintained a positive inflow, and the debt ratio was not high. The overall debt ratio of a quarterly consolidated statement was about 46%, and the bank credit line was adequate. Generally speaking, the fixed increase in maturity will not affect the operation of the company.

In addition, about the company's LED capacity, Shunchang ocean Australia said that the original capacity of the company's LED chip was 1 million, and 400 thousand new devices were being installed and debugged, and the production capacity will be gradually built.

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