LED industry ushered in expansion in May

May do not invest, June are sad. Recently, the tide of LED industry expansion has been higher than the waves. The companies that have not yet listed have sharpened their knives and pointed to the IPO. The listed companies have also pursued the trend and invested in the establishment of factories: xinhaiyi subsidiary signed a purchase cooperation agreement of 5. 85 million yuan with Changfang lighting xinhaiyi announced that the company received a notice from its controlling subsidiary Suzhou xinnajing on May 5, 2014, xinnajing and Shenzhen Changfang Semiconductor Lighting Co. , Ltd. signed the '5. 85 million strategic procurement cooperation agreement' in Suzhou for a period of nine months with a monthly contract value of 2014 yuan. From April 01-20, 2014 to December 30, Changfang lighting purchased chips with a total price of 5. 85 million yuan from xinnajing every month. Changfang lighting issues monthly purchase contract to xinnajing less than 30 days in advance, and xinnajing is responsible for delivering goods on time and on quality according to Party A's purchase contract. Xinnajing is a holding subsidiary of xinhaiyi 90, mainly engaged in LED technology research and development, LED epitaxial wafer, chip production and sales, etc. , xinhaiyi said, the total amount of corresponding contracts accounted for 163 of the audited annual operating income of xinnajing in 2013. 02. The performance of this contract will have a positive impact on the continued growth of the performance of xinnajing and xinhaiyi in 2014. Hongli Optoelectronics invested 70 million yuan to increase the capital of its subsidiaries. The company held a meeting on May 5, 2014, and deliberated and passed the 'proposal on capital increase to wholly-owned subsidiaries': in order to further enhance the business development capability and financial strength of Chongying Gongyuan and realize sustained and healthy development. The company used its own funds to increase the capital of the wholly-owned subsidiary by RMB 70 million. After the completion of this capital increase, the registered capital of Chongying Gongyuan increased from RMB 30 million to RMB 0. 1 billion. Hongli Optoelectronics said that this foreign investment does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated in the measures for the administration of major asset restructuring of listed companies. Jingsheng electromechanical: plans to invest 36 million yuan to set up a subsidiary company to start sapphire cutting and grinding announcement on May 8, 2014. The company plans to invest and set up a subsidiary company Zhejiang Jingrui Electronic Materials Co. , Ltd. in Shangyu district, Shaoxing city, Zhejiang province by using over-raised funds, the registered capital is 36 million yuan. And Jingrui electronics as the main implementation of the construction and operation of the monthly production of 100 thousand pieces of sapphire cutting and polishing project. Dongshan Precision LED and other projects have been put into operation for three months. The output value is expected to exceed 0. 7 billion yuan in 2014. Dongguan Dongshan Precision Manufacturing Co. , Ltd. , which is included in the major projects in Dongguan, has invested 0. 7 billion yuan to set up a production base in Gaocheng, the project took only three months from signing to production. It is reported that the project integrates LED, light guide plate, stamping and backlight module, and the output value is expected to exceed 0. 7 billion yuan in 2014.