G20-LED Lighting Summit member company - Xinkesan listed company Jingke Electronics (836789) recently released the "Fixed Assets Investment Announcement", in order to further expand the company's operating scale and meet the needs of customers' substantial increase in orders, according to the company's current packaged light source production line Capacity production, increase production capacity of related production equipment, the total investment of the equipment purchase plan is 65 million yuan, and has accumulated a total investment of 45.62 million yuan.
With the large-scale development of the LED industry, major changes have taken place in the international and domestic industrial landscape. The scale of upstream and downstream production capacity of LEDs in China has rapidly increased, and international LED application companies have begun to actively seek strategic partners in the mainland.
As Jingke Electronics' technology and operation are suitable for the mid-to-high-end product market, adapting to cooperation with international large enterprises can provide good product services, which provides a good opportunity for the company's development.
Zhu Xiaodan, Governor of Guangdong Province, accompanied by Guangzhou Municipal Party Committee Secretary Ren Xuefeng and Mayor Wen Guohui, went to Guangdong Jingke Electronics Co., Ltd. to inspect the development of science and technology innovation enterprises.
In view of the current mature market of LED lighting and TV backlight, the company plans to fully expand the package light source production line to meet the needs of new customer orders, supported by the large customers' expected orders.
The full expansion of the production line capacity is mainly due to the company's steady growth in orders for current lighting and backlight customers, and the implementation of this fixed asset investment by the large customers in the negotiations in the coming year.
Jingke Electronics said that the implementation of this fixed asset investment is mainly to further expand the company's sales scale and truly realize the company's scale effect.
At the same time, it is conducive to reducing the production cost of products, optimizing customer structure, enhancing market competitiveness, upgrading product quality, strengthening its own strength, and enhancing the company's development potential and risk resistance.
The expansion of Jingke Electronics is based on the company's good business performance in the first half of this year.
In the first half of the year, the company achieved operating income of 244.16 million yuan, an increase of 262% over the same period of last year, and realized operating profit of 13.49 million yuan, an increase of 221% over the same period of last year; net profit of 17.72 million yuan compared with last year. It increased by 305% during the same period.
In the current environment where LED packaging is still in the process of increasing revenue and not increasing profits, the outstanding performance also reflects the added value brought by Jingke Electronics' continuous technological innovation investment.
Xiao Guowei, chairman of Jingke Electronics, said that in the future, Jingke’s focus will be on product development and market development, through the power of capital to expand its main business, attract more resources to support, and horizontal and vertical from the industrial chain. Seek more opportunities for cooperation in the extension.
Through the cooperation mode of capital, the scale of development of Jinke Electronics will be rapidly expanded. In June of this year, Jingke Electronics was rated as the top ten most valuable investment companies in 2015-2016 by Gaogong LED.
“Jingke Electronics has successfully completed the first round of fixed growth after listing the new three boards, and achieved the expected goals, which can meet the current capital needs for expansion and development. I believe that as long as the company has investment value, it will certainly attract investment. The eyes of institutions and investors.†In Xiao Guowei's view, the level of China's LED technology and products has been very close to international standards, and even reached the international leading level, which can be favored by the international market through the cost performance of products.
Last year, the price of LED chips and packaged devices was fiercely competitive, and even severe overcapacity caused the price to fall beyond the actual production cost, deviating from the level of LED products. At the beginning of this year, some domestic chip and packaging companies have proposed that prices will reach a stable state and steadily increase, and some enterprises have raised the demand for price increases.
"I don't think the price increase will be too big. The LED chip and package will maintain a stable price." Xiao Guowei said.
On the other hand, with the improvement of LED packaging technology, EMC, COB packaging structure and CSP technology are changing the application pattern of traditional packaging.
In the short-term development in the future, enterprises are paying more attention to the improvement of LED performance and luminous efficiency, and new LED packaging structures will be launched one after another.
Regardless of how the LED industry changes, Xiao Guowei said that Jingke Electronics still adheres to the route of technological innovation, focusing on developing high-end and value-added products to provide customers with better light engines and intelligent solutions. â€
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