Siu Chi shares to spend 200 million overweight LED industry

Siu Chi shares recently disclosed in the announcement, the company intends to invest 200 million yuan to set up a wholly owned subsidiary of Shenzhen zhaochi photoelectric Co. Ltd. (tentative name), R & D, production and sales of LED TV backlight for light emitting devices, and high power LED light emitting devices and all kinds of LED lighting products.

According to the company forecast, the investment of the project construction period is two years, after the completion of the formation of LED TV backlight for light emitting devices and other energy-saving lighting with light emitting device 3 billion / year, LED energy-saving lighting capacity of 50 million (sets) / year production scale. Postpartum (third years) to achieve an annual operating income of $1 billion 390 million, an average annual net profit of $143 million.