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Huacan Optoelectronics established a Hong Kong subsidiary to enter the LED international market
Announced on October 8, Huacan Optoelectronics held the "Proposal on Establishing Subsidiaries Abroad" at the 27th Meeting of the First Board of Directors held on March 14, 2014. The company plans to invest RMB 25 million or so. Foreign currency, a wholly foreign-owned subsidiary established in Hong Kong. It is reported that in the first half of 2014, the market demand for LED chips was driven by lighting applications, and overall maintained a good growth momentum. The decline in product prices was basically reasonable and the short-term trend was stable. With the gradual commissioning of the first phase of the Suzhou subsidiary, the company's production capacity has been significantly improved. During the reporting period, the company's sales revenue reached a record high, and its profitability increased significantly compared with the same period last year. The reputation of the products in the lighting market was initially established. At the end of the second quarter, the sales of white light products exceeded the display products, and the market share of display products was more stable. The products achieved scale export sales. For the layout of overseas markets, according to Huacan Optoelectronics in the first half of 2014, the company actively carried out its work according to the annual business plan. Under the efforts of the company to continuously strengthen market development and marketing team construction, the company and its subsidiaries have passed the international mainstream. On-site audit of brand manufacturers, the company's products achieved large-scale sales growth to internationally renowned brand customers during the reporting period, which effectively enhanced the company's reputation and reputation in the international market. At the same time, with the rapid growth of the company's production scale, the mainstream customers in the market have significantly improved their confidence in establishing long-term and stable cooperation with the company. In short, in terms of market development, the company adheres to the customer-centered, market-oriented sales management concept, continues to promote market network construction, and further improves the sales management model and sales team building. The company also continuously enhances its brand image by actively participating in influential exhibitions in the industry. During the reporting period, there was a major breakthrough in international market development, and sales in the international market increased significantly compared to the same period last year. With the continuous growth of the company's production scale, it has laid a solid foundation for the company to further expand its cooperation with international mainstream customers in the next stage. Through the establishment of good cooperative relations with international mainstream customers, the company's market position will be improved as a whole. The report pointed out that in order to strengthen cooperation with international mainstream customers, we have made significant breakthroughs in product technology research and development. Among them, there are flip chip ray series, high-voltage chip ç† series and backlight chip series, the development results are remarkable, and have been fully recognized by customers. The company uses its cooperation with international mainstream customers to actively acquire market technology development information and promotes rapid progress in internal R&D projects, especially in the fields of lighting chips, backlight chips and high-voltage chips. While the product development has achieved results, the company is gradually establishing a new generation of internationally competitive product development platform in cooperation with major customers. The establishment and efficient operation of the platform will be an important foundation for the company's product development to reach the international advanced level. The domestic MOCVD verification project undertaken by the Ministry of Industry and Information Technology of the company is progressing smoothly and basically meets the expected verification target. Through the work layout of Huacan Optoelectronics in the first half of the year, it can be seen that the establishment of a subsidiary in Hong Kong is only a springboard for jumping into the international market. Through the semi-annual report, the production volume of Huacan LED chip products increased by 123.67 over the same period of the previous year. The sales volume increased by 144.76 over the previous year, and the operating income was 340,141,600 yuan, an increase of 172.19 over the same period of last year; the operating profit was -732,500 yuan. Compared with the same period of last year, it increased by 84.07; realized total profit of RMB 53.218 million, an increase of 99.30 over the same period of last year; net profit of RMB 44.14 million, an increase of 239.25 over the same period of last year; net cash flow from operating activities was RMB 25.925 million. Compared with the same period of last year, it decreased by 64.99. At present, there are a large number of LED industry enterprises, and the competition is fierce. In recent years, industry consolidation and mergers and acquisitions continue to ferment. By analyzing typical M&A events since 2013-2014. Xiaobian found that the LED industry M&A type is mainly horizontal mergers and acquisitions. The main purpose of M&A is to expand the market share by expanding and strengthening the main business through mergers and acquisitions that can complement each other and have strong competitiveness in some aspects. We believe that the integrated merger and acquisition of the LED industry will continue, and every listed company in the LED industry may have the possibility of acquiring other non-listed companies in the future. Especially those companies whose original business continues to decline and attempt to transform into the LED industry are more likely to achieve leap-forward development of LED business through mergers and acquisitions. According to statistics, in 2013, China's LED output value reached 257.6 billion yuan. It is expected to increase by 40 and 25 respectively in 2014 and 2015, and the output value will reach 3,606 and 450 billion yuan respectively. The output value of LED general lighting will reach 1,154,180 billion yuan, a year-on-year increase of 66. 56, LED general lighting has become the core element to support the growth of the LED industry. In 2014 and 2015, the contribution to the overall output value of the LED industry will reach 44 and 72 respectively. Such a good time, Huacan can not give up the accelerated layout to seize the market.