Tianlong Optoelectronics invests in LED equipment and Huayan develops MOCVD

[High-tech LED News] Tianlong Optoelectronics announced that it has signed a contract with Huasheng Optoelectronics Co., Ltd. to establish a Sino-foreign joint venture company with independent legal person in Changzhou. It will mainly engage in R&D, production, sales and after-sales service of MOCVD equipment and epitaxial processes. .

Tianlong Optoelectronics will use super-raised funds to invest 53.33 million yuan, accounting for 56% of the shares. Huasheng Optoelectronics invested RMB 35.238 million in intangible intellectual property investment and RMB 6.666 million in capital investment, accounting for 44% of the total.

According to Tianlong Optoelectronics Planning, at the end of 2012, MOCVD equipment products were cut into the market, and 1-2 units were sold to verify the performance of the products and establish the brand of the products. In 2013, if only 3% of the domestic market, that is, 8 MOCVDs, the industry scale will arrive. 100 million yuan; by 2014, 8.5% of the market, sales will exceed 450 million; by 2015, if the market share increased to 15%, the industry scale exceeded 900 million yuan. Tianlong Optoelectronics' operating revenue in 2009 was 296 million yuan.

In terms of yield, Tianlong Optoelectronics said that according to the operating model of Huasheng Company, even if it is lower than the current sales price of MOCVD equipment by 30%, the project profit can still be higher than the competitors, and the gross profit margin is expected to reach 55.8%. .

However, the Tianlong Optoelectronics announcement also shows that the technology development of the project has a certain development cycle. It is expected that in the first two years of the project implementation, the large R&D investment will significantly increase the company's management expenses, thus affecting the company's profit and loss.

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