Xiamen development is expected in June 2012 trial production

December 28, 2010 the Great Wall development announcement that signed the establishment of the development of crystal lighting (Xiamen) Co. Ltd., a total investment of up to $490 million. Which Taiwan EPISTAR shares accounted for 40%, billion light shares accounted for 9%, accounting for 44% of the shares for the development of the Great Wall, the largest shareholder.

It is understood that the development of the Great Wall investment in Xiamen development project is located in the crystal LED vertical integration, production of InGaN high brightness backlight and lighting chip chip, planned to produce high brightness GaN blue epitaxial wafers 720 thousand, backlight chips 4 billion 600 million, lighting chips 390 million.

Recently, the relevant persons of high tech LED reporter revealed that the development of crystal project is expected to be put into operation before June 2012.

Recently, the development of the Great Wall parent company CEC group, is also vigorously developing LED industry base.

In March 6th, Humen town government and CEC held the Dongguan industrial base project signing ceremony, CLP panda, Shenzhen SED and other 6 state-owned enterprises under the CEC (panda, SED electronics, Edward electronics, the Great Wall development, electrical equipment and Chinese Electronic Industrial Development Company) gathered in Humen in. The first phase of the project investment 5 billion 640 million yuan, in September to start, is expected to be completed and put into operation within the next 18 months, the annual output value of up to $15 billion 200 million. Including 900 million yuan investment in the LED project.

Therefore, the future development of the project back CEC Xiamen, to integrate the resources of the group, open up the upstream and downstream industry chain.

2009, CEC acquired 27% stake in AOC computer technology shares, becoming the largest shareholder. AOC is the world's largest display OEM manufacturers, domestic SKYWORTH, Hisense and other TV manufacturers have a lot of products by AOC OEM. The future of the Great Wall's LED products will be developed by AOC into the field of TV backlighting.

According to the latest report released by the Great Wall, the company's business can be divided into hard disk related products, OEM production business (OEM) and its own products three categories. Which is related to the business of the hard disk and OEM services are actually OEM business, 2007-2009 era of business accounted for the proportion of the company's main business revenue is about 98%, the proportion of its own business of about 2%. Total revenues for the first three quarters of 2010 was 16 billion 145 million yuan, an increase of 85.78%, net profit attributable to the parent company of 263 million yuan, an increase of 58.59%, is expected in 2010 annual revenue of 21 billion 900 million yuan, net profit attributable to the parent company of about 390 million yuan.