Recently, Guoxing Optoelectronics announced the third quarterly report. The data showed that revenue from January to September 2016 was 1.676 billion yuan, a year-on-year increase of 25.64%, and net profit was 131 million yuan, a year-on-year increase of 6.59%.
The good performance of the first three quarters was due to the continued capacity expansion of Guoxing Optoelectronics.
According to an interview with reporters, Guoxing Optoelectronics Co., Ltd. said that the first two rounds of expansion have achieved more than 40% capacity increase. "With the further popularization of LED products and the continuous expansion of market applications, the demand for company product orders continues to be full. â€
On October 11, Guoxing Optoelectronics (002449, SZ) announced that it plans to invest no more than 400 million yuan to expand the company's packaging projects. This is the third time in a year that Guoxing Optoelectronics has expanded its packaging project.
Yesterday, Guoxing Optoelectronics passed the “Proposal on the Company's Purchase of Production Equipment†and agreed to purchase the production equipment for RMB 287,386,600 and US$ 1.24 million to meet the needs of the company's packaging and component expansion projects, which will help the company continue. Take advantage of packaging and expand production scale.
According to the announcement, this will further enhance the core competitiveness and overall profitability of the company's main business, and ensure the continued growth of profit.
As one of the leading companies in the packaging field, Guoxing Optoelectronics has outstanding market advantages in recent years. The company started in the LED package, and comprehensively laid out the LED industry chain, involved in the upstream chip, midstream packaging and downstream applications.
Just in September this year, it plans to acquire its wholly-owned shares in Foshan Guoxing Semiconductor Technology Co., Ltd. (hereinafter referred to as Guoxing Semiconductor) with its own funds of RMB 119 million. With this investment, Guoxing Optoelectronics aims to enhance the strength of upstream extension and chip links, and open up the entire LED industry chain.
Prior to the completion of the acquisition, Guoxing Optoelectronics held a 71.67% stake in National Star Semiconductor, which formed an absolute holding of National Star Semiconductor. After the completion of the acquisition, Guoxing Semiconductor will become a wholly-owned subsidiary of Guoxing Optoelectronics.
In the announcement, Guoxing Optoelectronics said that with the investment, the company hopes to further optimize the management and control of Guoxing Semiconductor, enhance the upstream extension and chip link strength, and continuously improve the company's upstream market competitiveness and business profitability. Improve the company's comprehensive strength.
However, the upstream expansion of Guoxing Optoelectronics does not stop there.
At the same time, the third quarterly report was announced, and Guoxing Optoelectronics announced again that the board of directors reviewed and approved the “Proposal on Investing in RaySent Technology Company of the United States for LED High-Power Chip R&Dâ€. The company agreed to invest in the US RaySent Technology Corporation for LED high-power chips and third-generation semiconductor epitaxial technology research and development.
RaySent Technologies is a high-tech company dedicated to the development of world-leading proprietary technologies for semiconductor epitaxy, high power LED chips and packaging.
The announcement said that this cooperation can enhance the company's upstream technical strength, absorb high-tech talents, and promote the company's upstream and downstream industry chain to become bigger and stronger, and form a market competitive advantage. It is important for the company to strengthen its research and development capabilities and implement the company's innovation strategy. deploy.
On the other hand, with the development of RaySent technology, the company can look forward to investment income expectations, enhance business expansion capabilities, enhance the company's industrial status, comprehensive strength and new field development capabilities, and is also an important step in the company's globalization strategy.
In fact, in the past two years, the LED industry's environment is not very satisfactory, and the price drop is so fast that people are stunned. However, demand has been increasing, and as a result, the continued expansion of scale to reduce the average cost of products is a common practice in the industry to deal with this phenomenon.
In particular, the price of packaging began to increase in the first half of this year, which made the whole industry optimistic about the future market.
Previously, Wang Sen, general manager of Guoxing Optoelectronics, said in an exclusive interview with Gaogong LED that whether it is price war or the development of sub-division, it is an inevitable law for the industry to develop to a certain stage.
The LED packaging industry is gradually becoming concentrated, and the situation of the larger Evergrande will become more obvious. For the national star, this is undoubtedly a new development opportunity.
This change in the pattern means that the LED packaging industry is gradually returning to rationality. After the price wars and industry reshuffles in previous years, the industry is shifting from blindly pursuing low prices to focusing on the products themselves, such as technology and performance. These are the advantages of big companies such as Guoxing.
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