Xinhaiyi: LED second phase expansion is progressing smoothly

On February 9th, Xinhaiyi (002089.SZ) Securities Department told reporters that with the mass production of the first phase of the LED project, the company cautiously launched the second phase of the LED expansion plan. At present, the second phase expansion project of LED is progressing smoothly, with the goal of introducing 20 MOCVD equipment.

According to public information, on the evening of August 27, 2014, the company announced the announcement of its subsidiary, Suzhou Xinnajing Optoelectronics Co., Ltd. to expand its LED epitaxy and chip capacity investment projects. The project plans to invest an additional 466,408,900 yuan. The project construction period is 1 year. After the production, the annual output of LED epitaxial wafers will be more than 2 million pieces (calculated by 2 inch epitaxial wafers), and LED high-efficiency lighting chips will be 35 billion pieces. Production capacity.

In addition, the above-mentioned person said that the company's LED chips are mainly aimed at the white light market, and customers mainly focus on domestic LED downstream lighting. At present, the LED market is gradually picking up, and the chip market is maintaining an annual growth rate of about 30%. Especially with the gradual implementation of the global “ban” program, the LED lighting market has broad prospects. Under such a market background, after careful decision, the company launched the second phase expansion plan of LED to further expand the production capacity of LED chips.

It is understood that in the third quarter of last year, 20 sets of MOCVD in the first phase of the new nanocrystal can be mass-produced, with a monthly capacity of 100,000 pieces. In the first half of 2014, the operating income of LED products reached 36.247 million yuan, and the gross profit margin reached 16.88%.

With the continuous maturity of LED lighting technology, the automotive industry has been using LED light sources for instrument panels and interior lighting, and LED lighting is gradually capturing brake lights, fog lights, low beam lights, high beam lights, and daytime running lights. Application fields such as adaptive headlights (AFS) for exterior signal indication and headlight illumination.The challenge for LEDs to be used in exterior lighting is the need for integrated, flexible and networked drives.

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