Xiamen Changelight Co.Ltd(300102) ( Xiamen Changelight Co.Ltd(300102) ) issued a report on the issuance of A-Shares to specific objects on March 11. The announcement shows that the total amount of the effective offer for this refinancing exceeds 3.1 billion yuan, and the final price is 8 yuan / share. Compared with the average price of 8.3 yuan / share in the previous 20 days, the discount rate is 96.4%. A total of 1.5 billion yuan has been raised, and the subscription intention is enthusiastic.
Among the 22 investors including Hisense Visual Technology Co.Ltd(600060) , BOE, Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) and local industry guidance funds, large-scale public offering and private placement, 8 investors including Hisense Visual Technology Co.Ltd(600060) were finally allocated. Among them, Hisense Visual Technology Co.Ltd(600060) “top grid” was allocated 62 million shares, with an amount of 496 million yuan. After the registration of the issued shares is completed, Hisense Visual Technology Co.Ltd(600060) will officially become an important strategic shareholder of the company, with a shareholding ratio of 6.93% Hisense Visual Technology Co.Ltd(600060) strategic shareholding will bring strong support to the company’s new display layout.
From 2016 to 2021, the LED industry changed Xiamen Changelight Co.Ltd(300102) under the leadership of the management, it expanded against the trend, and the chip revenue ranking jumped from the middle stream of the industry in 2016 to the top two of the industry, laying an oligopoly pattern in the industry. It is understood that when the LED industry is mature, its development in the field of lighting has entered the deep-water area. However, the expansion in the field of display is still in the ascendant, which has attracted industry giants such as apple, Samsung, BOE, TCL and shentianma.
As the next generation of display technology, mini / micro LED has opened a new chapter in the development of LED industry and is expected to expand the market scale of the industry from 10 billion to 100 billion. The funds raised by the company will be used to invest in the construction of “mini / micro, high light efficiency LED chip R & D and manufacturing project” in Nanchang Xiamen Changelight Co.Ltd(300102) has established the future display Research Institute in 2017, mainly focusing on the research and development and industrialization of mini / micro LED chips. It has a research and development team of dozens of people, and has made breakthroughs in main technologies and distributed nearly 200 patents.
At present, the company’s Mini LED has achieved mass production and formed close cooperation with many leading display and panel enterprises. It is expected to form large-scale operating revenue in 2022; Micro LED technology is at the leading level in the industry, and the minimum micro LED chip size is less than 5um. At the same time, the company has successfully developed a large amount of transfer prototype technology, cooperated with panel manufacturers and end customers to produce three micro led full-color displays, and successfully realized the effect display.
In terms of micro LED products, Xiamen Changelight Co.Ltd(300102) can provide cow, COC, COG and other forms of products to meet the needs of downstream customers. Based on many achievements in this regard, more cooperation with end customers is also in progress. The company said that it would continue to carry out R & D investment and product iteration in this field and promote the mass production of micro LED products as soon as possible.
