Although still bearing the title of “Jiangmen Sugarcane Chemical Plant Groupâ€, the main business of Guangdong Ganhua (000576) has little relationship with sugarcane and sugar. In fact, with the arrival of the well-known private enterprise Delixi Group, the main focus of the company in the future is the epitaxial wafer and chip project upstream of the LED industry chain. Industry analysts said that in the context of the recovery of the LED industry, the company's LED production line production can be described as timely.
According to the data, the LED project of Guangdong Ganhua is operated by the subsidiary Deli Optoelectronics. According to the 2012 annual report, Deli Optoelectronics has been actively promoting the progress of the project construction. By the end of 2012, the project had invested a total of 180 million yuan, accounting for 21.5% of the total investment, and completed 60% of the civil engineering volume; and the company has signed the first batch of procurement contracts for MOCVD machines and related equipment with suppliers.
Guangdong Ganhua related person said in an interview on June 27 that the first 10 MOCVD equipments have entered the factory, and will be installed and commissioned. It is planned to enter the trial production stage this year. As for when the product line officially reached production, the person said: "It is necessary to determine the specific time point according to the performance of the trial production stage."
Looking at the feasibility analysis report, the LED project of Guangdong Ganhua will build 20 LED epitaxial wafer production lines and supporting chip production lines for MOCVD equipment. After the production, it will form an annual production capacity of 960,000 high-brightness blue-green LED epitaxial wafers and chips. The total investment of the project is 840 million yuan, and the annual operating income will increase by 834 million yuan. For Guangdong Ganhua, if the company's LED epitaxial wafer production line and chip production line reach the next year, it will catch up with the current LED industry recovery environment.
Securities analyst Jiang Wei said that from the investment opportunities in the entire LED industry chain, with the increase in demand for the LED industry in the short term, the supply and demand of epitaxial wafers and chips will tighten. Due to limited short-term new capacity, the price decline of chip-level epitaxial wafers is expected to gradually narrow.
Guangdong Ganhua said that in recent years, LED lighting costs have dropped rapidly, product demonstration applications have been gradually promoted, and energy-saving emissions have become increasingly obvious. LED lighting products have become the development direction of the next generation of new light sources, and the market for epitaxial wafers and chips in the upstream of the industrial chain is promising.
Another reason why Guangdong Ganhua is highly anticipated is the strong background of its controlling shareholder Delixi Group. Delixi Group is a well-known enterprise group in Zhejiang, ranking among the top 500 Chinese private enterprises. At the beginning of Guangdong Ganhua, Delixi said that in the next five years, it will raise funds through additional channels such as additional issuance. The investment in the photovoltaic industry in Jiangmen is not less than 1.5 billion yuan. If the investment is less than 1.5 billion yuan, Delixi Group Committed to supplementing the investment with its own funds.
At the beginning of 2011, Delixi signed an agreement with the Jiangmen Hi-tech Zone Management Committee for a LED epitaxial wafer project of up to 3.8 billion yuan, and plans to purchase 100 MOCVD equipment and build a chip production line. The scale of the investment far exceeds the original commitment.
It is also worth mentioning that Delixi also owns 20% equity of Shanghai Born WorldCom, which specializes in the production of epitaxial wafers and chips. According to the agreement between Delixi and Jiangmen Asset Management Bureau, it will choose to integrate the LED epitaxial wafer business and related assets invested and constructed into Guangdong Ganhua or transfer it to an independent third party.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
According to the data, the LED project of Guangdong Ganhua is operated by the subsidiary Deli Optoelectronics. According to the 2012 annual report, Deli Optoelectronics has been actively promoting the progress of the project construction. By the end of 2012, the project had invested a total of 180 million yuan, accounting for 21.5% of the total investment, and completed 60% of the civil engineering volume; and the company has signed the first batch of procurement contracts for MOCVD machines and related equipment with suppliers.
Guangdong Ganhua related person said in an interview on June 27 that the first 10 MOCVD equipments have entered the factory, and will be installed and commissioned. It is planned to enter the trial production stage this year. As for when the product line officially reached production, the person said: "It is necessary to determine the specific time point according to the performance of the trial production stage."
Looking at the feasibility analysis report, the LED project of Guangdong Ganhua will build 20 LED epitaxial wafer production lines and supporting chip production lines for MOCVD equipment. After the production, it will form an annual production capacity of 960,000 high-brightness blue-green LED epitaxial wafers and chips. The total investment of the project is 840 million yuan, and the annual operating income will increase by 834 million yuan. For Guangdong Ganhua, if the company's LED epitaxial wafer production line and chip production line reach the next year, it will catch up with the current LED industry recovery environment.
Securities analyst Jiang Wei said that from the investment opportunities in the entire LED industry chain, with the increase in demand for the LED industry in the short term, the supply and demand of epitaxial wafers and chips will tighten. Due to limited short-term new capacity, the price decline of chip-level epitaxial wafers is expected to gradually narrow.
Guangdong Ganhua said that in recent years, LED lighting costs have dropped rapidly, product demonstration applications have been gradually promoted, and energy-saving emissions have become increasingly obvious. LED lighting products have become the development direction of the next generation of new light sources, and the market for epitaxial wafers and chips in the upstream of the industrial chain is promising.
Another reason why Guangdong Ganhua is highly anticipated is the strong background of its controlling shareholder Delixi Group. Delixi Group is a well-known enterprise group in Zhejiang, ranking among the top 500 Chinese private enterprises. At the beginning of Guangdong Ganhua, Delixi said that in the next five years, it will raise funds through additional channels such as additional issuance. The investment in the photovoltaic industry in Jiangmen is not less than 1.5 billion yuan. If the investment is less than 1.5 billion yuan, Delixi Group Committed to supplementing the investment with its own funds.
At the beginning of 2011, Delixi signed an agreement with the Jiangmen Hi-tech Zone Management Committee for a LED epitaxial wafer project of up to 3.8 billion yuan, and plans to purchase 100 MOCVD equipment and build a chip production line. The scale of the investment far exceeds the original commitment.
It is also worth mentioning that Delixi also owns 20% equity of Shanghai Born WorldCom, which specializes in the production of epitaxial wafers and chips. According to the agreement between Delixi and Jiangmen Asset Management Bureau, it will choose to integrate the LED epitaxial wafer business and related assets invested and constructed into Guangdong Ganhua or transfer it to an independent third party.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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