Jufei Optoelectronics raises 600 million boost LED project expansion

Jufei Optoelectronics (300303) announced today that the company plans to raise 600 million yuan to help the company's LED product expansion project.

According to the non-public issuance plan, the company intends to non-publicly issue 30 million shares to no more than 5 specific targets, and raises 600 million yuan. After deducting the issuance expenses, it will be used for the "backlight LED products (devices, light bars) expansion project. "and "lighting LED product expansion project" and "LED technology research and development center expansion project".

It is understood that the rapid growth of market demand puts higher requirements on the company's scale. The company's existing production capacity can no longer meet the needs of future business development, and it needs to obtain new capital investment, expand production capacity and scale of working capital. Therefore, the company hopes to pass this The fundraising investment project will continue to expand the research and development and production capacity of the company's backlight LED products and lighting LED products to meet the opportunities brought by the rapid growth of the market, continuously improve the market competitiveness, and enhance and consolidate the company's leading position in the industry.

According to the announcement, the total investment of the backlight LED product expansion project is 320 million yuan. After the project is implemented, it is expected that the company will increase the production capacity of 1.3 billion/year backlight devices and 28 million/year backlights and large-size light bars. After the project is put into production, the annual average product sales revenue will increase by 597 million yuan, and the annual net profit will reach 87.59 million yuan. The total investment of lighting LED products expansion project is 214 million yuan. After the project is implemented, it is estimated that the company will increase the production capacity of lighting components by 2.2 billion pieces per year. After the production, the annual average product sales revenue will increase by 334 million yuan, and the annual net profit will reach 32.339 million. yuan.

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