On March 11, Xiamen Changelight Co.Ltd(300102) ( Xiamen Changelight Co.Ltd(300102) ) disclosed the issuance of A-Shares to specific objects, and determined that the issuance price was 8 yuan / share, the number of shares issued was 187.5 million, and the total fund-raising was 1.5 billion yuan, which was mainly used to invest in the construction of "mini / micro, high luminous efficiency LED chip R & D and manufacturing project" in Nanchang. The objects of this issuance are finally determined as 8, of which Hisense Visual Technology Co.Ltd(600060) "Dingge" is 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%.
According to Liu Wenhui, Secretary of Xiamen Changelight Co.Ltd(300102) board of directors, the LED industry changed from 2016 to 2021. Under the leadership of the management, the company accurately grasped and expanded against the trend, and the chip revenue ranking jumped from the middle stream of the industry in 2016 to the top two in the industry. When the LED industry is mature, its development in the field of lighting has entered the deep water area. However, the expansion in the display field is still in the ascendant, which has led to the layout of 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.
According to reports, the company set up the future display Research Institute in 2017, which mainly focuses on the research and development and industrialization of mini / micro LED chips. It has a research and development team of dozens of people, has made breakthroughs in major technologies, and has 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, the company can provide cow, COC, COG and other forms of products to match the needs of downstream customers. Based on many achievements in this regard, more cooperation with end customers is also in progress. The company will continue to carry out R & D investment and product iteration in this field to promote the mass production of micro LED products as soon as possible.
The company said that according to the prediction of the feasibility study report, the average annual income of the raised investment project is about 1.021 billion yuan and the average annual gross profit rate can reach 29.75%; Together with other supporting projects, the company will add more than 50% of the chip production capacity, further enhance the company's leading position in the industry, and enable the company to win market opportunities in the process of mini / micro led industrialization.
