One billion yuan to change the LED epitaxial chip, this packaging giant has to break through the business bottleneck by itself?

On the evening of September 5, Zhaochi issued the “Announcement on Changing the Use of Raised Funds”. The announcement shows that in order to improve the efficiency and efficiency of the use of raised funds, it is proposed to reduce “building, including video, games, medical care, education, e-commerce, etc. The content cloud platform within the company raised funds of 1 billion yuan and invested in the new project "LED epitaxial chip production project". The total amount involved in the proposed change project is 1 billion yuan, accounting for 39.03% of the net proceeds. The adjusted investment projects of raised funds are as follows:

Announcement: According to the China Securities Regulatory Commission, China Securities Regulatory Commission [2016] No. 1048, "Approval of Shenzhen Zhaochi Co., Ltd. Non-public Issuance of Shares", Shenzhen Zhaochi Co., Ltd. (hereinafter referred to as "Company", "Ben" The company "or "Zhaochi shares") was sold by the lead underwriter Guoxin Securities Co., Ltd. to a specific target for the non-public issuance of 209 million shares of RMB ordinary shares (A shares) at an issue price of RMB 12.28 per share. The raised funds were 2.571 billion yuan, and the company's net proceeds were 2.562 billion yuan. The raised funds are used for joint operation projects of Internet TV services. The project construction mainly includes the cooperation of the three major platforms, as follows:

As of August 31, 2017, the joint operation project of Internet TV business has invested 443 million yuan, and the project progress is 17.29%. Among them, “Building a content cloud platform including video, games, medical care, education, e-commerce, etc.” has invested 333,400 yuan and the remaining funds raised is 1,115,130,800 yuan, given that the platform has been controlled by Beijing Winding Online Technology Co., Ltd. The company (hereinafter referred to as “Famous Online”) is invested with its own funds, so the platform intends to reduce the scale of investment.

The LED epitaxial chip production project is expected to have a total investment of 4.65 billion yuan, of which 3.1 billion yuan is planned to be invested by equity financing, and the remaining 1.55 billion yuan is intended to be invested by self-raised funds, as follows:

The calculation period of this project is 12 years, of which the construction period is 1 year (excluding the subsequent expansion period), the operation period is 11 years, and the first year of operation period (ie September 30, 2018) is expected to reach production. The total investment of the project is estimated to be 4.65 billion yuan, of which fixed assets-equipment purchase costs are 4.321 billion yuan, and it is planned to invest 1 billion yuan in raised funds. As of September 5, the LED epitaxial chip production project has been awarded the number issued by the Management Committee of Nanchang High-tech Industrial Development Zone, Honggao Xinjianjianjianzi [2017] No. 264, "Agree to Jiangxi Zhaochi Semiconductor Co., Ltd. with an annual output of 3.6 million. Notice of the filing of a 4-inch LED epitaxial wafer and chip production project (Phase I); the project is currently undergoing an environmental impact assessment.

Zhaochi said that the LED industry is an extension and expansion of the company's existing industrial chain and has gradually become an important business segment. With the expansion of LED packaging and lighting application business, the company's use of LED chips has increased significantly. Chips have become an important factor restricting the further development of the company's packaging and application lighting business. In addition, the industry's concentration has been continuously improved, and the industry chain is gradually showing vertical. The trend of integration. In order to achieve the goal of becoming the world's leading LED enterprise, the company introduces experienced professional team, foreign advanced equipment and manufacturing technology, invests in the design, manufacture and sales of LED epitaxial chips in Nanchang, aiming at mastering the core technology of the chip and creating The whole industry chain layout in the field of LED chips, packaging and application lighting will bring synergy and enhance overall competitiveness, helping the company's LED industry to quickly enter the international market and participate in international competition.


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