The coal industry LED industry of Cangzhou Hualei Optoelectronics Co., Ltd. can realize a profit of RMB 40 million in 2010 and is expected to enter the top ten LED industry in China, ranking 7th.
In 2009, Xiangmei Group signed a technical cooperation agreement with the Institute of Semiconductors of the Chinese Academy of Sciences, and Hunan Coal Group invested 2.9 billion yuan to develop the photovoltaic industry including LED in Zhangzhou.
At present, the first phase of the Zhangzhou Hualei Optoelectronic Industrial Park has 10 sets of professional LED production equipment, which can produce 624,000 pieces of high-brightness LED epitaxial wafers and chips. The second phase of the project has been fully implemented. It will add 20 LED professional production lines and matching chip manufacturing equipment. Upon completion, it will become the largest LED blue chip manufacturer in mainland China. It is estimated that the output value will be 500 million yuan in 2011 and the profit will be 100 million yuan.
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