Contrarian expansion <br> <br> for the proposed refinancing, fly Photoelectric explained that the rapid growth of market demand for the size of the company put a higher demand, the company's existing production capacity can not meet the future business development needs, It is necessary to obtain new capital investment and expand production capacity and working capital. Therefore, the company hopes to continue to expand the research and development and production capacity of the company's backlight LED products and lighting LED products through this fund-raising investment project to meet the rapid growth of the market. Opportunities, continuously improve market competitiveness, and enhance and consolidate the company's leading position in the industry.
According to the announcement, the total investment of the backlight LED product expansion project is 320 million yuan. After the project is implemented, it is expected that the company will increase the production capacity of 1.3 billion/year backlight devices and 28 million/year backlights and large-size light bars. After the project is put into production, the annual average product sales revenue will increase by 597 million yuan, and the annual net profit will reach 87.59 million yuan. The total investment of lighting LED products expansion project is 214 million yuan. After the project is implemented, it is estimated that the company will increase the production capacity of lighting components by 2.2 billion pieces per year. After the production, the annual average product sales revenue will increase by 334 million yuan, and the annual net profit will reach 32.339 million. yuan.
It is worth noting that in recent years, with the downturn in the domestic LED industry, the problem of overheated investment in the LED industry chain has already appeared. It is understood that the number of domestic lighting companies has reached 20,000. "LED lighting is very competitive at low prices, and the current overcapacity will cause a large number of LED companies to close down in the future." A person in charge of a LED company in Xiamen expressed pessimistically to reporters.
Jufei Optoelectronics has expanded its contrarian financing, and the financing scale far exceeds the initial IPO of 362.512 million yuan. "In the industry's downturn, Jufei Optoelectronics in order to ensure the success of refinancing, "pretty" performance is a weapon to protect the escort." Changjiang Securities analyst told reporters.
The six reactors in the 2011 Fukushima Daiichi Nuclear Power Plant catastrophe had been designed by General Electric. Their design had been criticised as far back as 1972.
In March 2011, The New York Times reported that, despite earning $14.2 billion in worldwide profits, including more than $5 billion from U.S. opera
The six reactors in the 2011 Fukushima Daiichi Nuclear Power Plant catastrophe had been designed by General Electric. Their design had been criticised as far back as 1972
In March 2011, The New York Times reported that, despite earning $14.2 billion in worldwide profits, including more than $5 billion from U.S. operations, General Electric did not owe taxes in 2010. General Electric had a tax refund of $3.2 billion. This same article also pointed out that GE has reduced its American workforce by one fifth since 2002. The Times also reported that General Electric had been engineering tax reductions starting with the fees paid on its 1892 New York State charter.
tions, General Electric did not owe taxes in 2010. General Electric had a tax refund of $3.2 billion. This same article also pointed out that GE has reduced its American workforce by one fifth since 2002. The Times also reported that General Electric had been engineering tax reductions starting with the fees paid on its 1892 New York State charter.General Electric
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