Taiwan's LED packaging plant Guangding said that it will raise 300 million yuan through private cash raising and issuing corporate bonds. In addition to the long-term operational use of the parent company in Taiwan, part of the funds will also be used to expand the mainland subsidiary Jiangmen Guangding equipment to increase the proportion of Guangding's LED lighting business revenue.
It is understood that the company is optimistic about the future development of the LED market. It established Jiangmen Guangding five years ago, but it was affected by the European debt storm last year, and the market price of LED package components was in chaos. Last year, the capital increase and expansion plan was temporarily suspended. This year will be Will restart the expansion plan, Jiangmen Guangding first increase capital of 400,000 US dollars (about 12 million Taiwan dollars), the future funds will be in place, is expected to drive Guangding LED lighting accounted for 10% to 15% of revenue this year Up to 20%.
The company pointed out that due to the fall of the LED industry in the second half of last year, the revenue of the first quarter of this year was 22.82%, but after entering the second quarter, with the return of the LED boom, revenue is expected to show a quarterly growth trend. At present, the capacity utilization rate is 70%, and the orders on hand are mostly urgent orders within one month and small orders of one to three months. The legal person believes that the first quarter of Guangding will continue the loss situation in the fourth quarter of last year. The loss after tax in the previous quarter reached 0.62 billion yuan. It is estimated that it will be difficult to improve in a short period of time.
It is understood that the company is optimistic about the future development of the LED market. It established Jiangmen Guangding five years ago, but it was affected by the European debt storm last year, and the market price of LED package components was in chaos. Last year, the capital increase and expansion plan was temporarily suspended. This year will be Will restart the expansion plan, Jiangmen Guangding first increase capital of 400,000 US dollars (about 12 million Taiwan dollars), the future funds will be in place, is expected to drive Guangding LED lighting accounted for 10% to 15% of revenue this year Up to 20%.
The company pointed out that due to the fall of the LED industry in the second half of last year, the revenue of the first quarter of this year was 22.82%, but after entering the second quarter, with the return of the LED boom, revenue is expected to show a quarterly growth trend. At present, the capacity utilization rate is 70%, and the orders on hand are mostly urgent orders within one month and small orders of one to three months. The legal person believes that the first quarter of Guangding will continue the loss situation in the fourth quarter of last year. The loss after tax in the previous quarter reached 0.62 billion yuan. It is estimated that it will be difficult to improve in a short period of time.
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