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Guoxing Optoelectronics announced on the evening of October 10 that the company plans to invest no more than RMB 400 million in the expansion of the company's packaging projects based on its own development strategy plan, combined with the judgment of the LED market and the demand situation of existing customers. Guoxing Optoelectronics announced on the evening of October 10 that the company plans to invest no more than RMB 400 million in the expansion of the company's packaging projects based on its own development strategy plan, combined with the judgment of the LED market and the demand situation of existing customers. According to the announcement, the construction period of this expansion project is from December 2016 to June 2017. This investment expansion can flexibly meet the needs of the company's product orders and alleviate the shortage of original capacity. Through the gradual release of production capacity, the company will continue to play its traditional advantages, continuously improve the automation and information production management level, improve product quality, and further strengthen market development and cooperation, and enhance the core competitiveness and overall profitability of the company's main business. To ensure the continued growth of the amount of profit. This is the third expansion of Guoxing Optoelectronics since November last year. Prior to November 2015, Guoxing Optoelectronics issued three announcements in one breath. In addition to the two subsidiaries of Guoxing Semiconductor and Yaweilang, the more noticeable is that it does not exceed RMB 400 million. The capital investment company packaged the project to expand production. The expansion of the packaging project is mainly for outdoor surface mount display devices, indoor small-pitch display devices and white LED devices for lighting. At present, the renovation of the factory building and the transformation of the production line have been completed. The equipment for the expansion of the batch is expected to arrive in early 2016. It will be completed, installed, commissioned and put into operation before March 2016. In April 2016, Guoxing Optoelectronics announced another announcement that it plans to invest no more than RMB 240 million for the expansion of the company's packaging and component projects. The construction period of this expansion project is from May 2016 to December 2016. In fact, in the past two years, the LED industry's environment is not very satisfactory, and the rapid decline in prices has made people stunned, but the demand has been increasing. Therefore, the continued expansion of scale to reduce the average cost of products is a common practice in the industry to deal with this phenomenon. In particular, the price of packaging began to increase in the first half of this year, which made the whole industry optimistic about the future market. Earlier, Wang Xing, general manager of Guoxing Optoelectronics, said in an exclusive interview that whether it is price war or the development of sub-sectors, it is an inevitable law for the industry to develop to a certain stage. The LED packaging industry is gradually becoming concentrated, and the situation of the larger Evergrande will become more obvious. For the national star, this is undoubtedly a new development opportunity. This change in the pattern means that the LED packaging industry is gradually returning to rationality. After the price wars and industry reshuffles in previous years, the industry is shifting from blindly pursuing low prices to focusing on the products themselves, such as technology and performance. These are the advantages of big companies such as Guoxing. Guoxing Optoelectronics 2016 semi-annual report shows that the company achieved a total operating income of 1.05 billion yuan in the first half of 2016, an increase of 16.36% over the same period of the previous year; net profit of 94.621 million yuan, an increase of 13.23% over the same period of the previous year. Among them, in the first half of 2016, the company's packaging business income was 936 million yuan, accounting for 88.94% of the total revenue. Although the company's comprehensive gross profit margin decreased by 0.8 percentage points year-on-year, but the chip factor, the gross profit margin of the company's packaging business has rebounded slightly. According to the semi-annual report, in the first half of 2016, the LED industry experienced full competition for a long time, and some inferior enterprises and their production capacity gradually withdrew from the market. With the deepening of de-capacity, the decline in the price of industrial products slowed down, and cross-border mergers and acquisitions in the industry. Now, the industry's leading market share and competitiveness have been strengthened. The continued expansion of Guoxing Optoelectronics is also based on its vertical integration strategy for upstream and downstream, optimizing the layout of upstream chips (National Semiconductor + Yaweilang Technology) and downstream lighting applications. On September 24, Guoxing Optoelectronics announced that it intends to acquire all the shares of its subsidiary Foshan Guoxing Semiconductor Technology Co., Ltd. with its own funds of RMB 119 million. The aim is to enhance the strength of upstream extension and chip links, and to open up the entire industry chain of LEDs. In the downstream lighting market development, at present, Guoxing Optoelectronics has more than 1,000 lighting sales channel outlets, 8 provincial operation centers, 5 direct sales offices, and more than 800 core dealers. In addition, in the first half of the year, Guoxing Optoelectronics further explored markets in Southeast Asia, the United States, and Europe, expanded lighting distribution channels and engineering channels, strengthened the development and services of overseas markets, and improved the strategic layout of globalization. As a leading company in the packaging field, Guoxing Optoelectronics has outstanding advantages in the small pitch market. The company started in the LED package, and comprehensively laid out the LED industry chain, involved in the upstream chip, midstream packaging and downstream applications. At present, the company is second only to Mulinsen and Xiamen Xinda, ranking the top three in the domestic industry. The company's display packaging devices are mainly small-pitch products. At present, small-sized indoor small-pitch high-density 0808/0606 and outdoor high-defense high-density 1921 devices have been developed, achieving indoor P2/outdoor P4 small-pitch high-density display. The domestic display packaging field has maintained a leading position. It is estimated that in the next two years, the average number of LEDs used per square meter of indoor LED display will increase from 60,000 to 270,000 in 2015. It is estimated that by 2021, the consumption of small-pitch LED will reach 189.8 billion particles, and the annual compound growth rate will be Up to 46%, the output value is expected to grow from 300 million US dollars in 2016 to 800 million US dollars in 2021, the compound annual growth rate can reach 21%; the consumption of outdoor LED will grow from 93.6 billion in 2015 to 2021 286.4 billion, with a compound annual growth rate of 20%. The company is expected to significantly benefit from the high growth of the small pitch screen market. At present, the LED industry has passed through the most difficult stage. As a superior enterprise in the packaging field, Guoxing Optoelectronics is expected to maintain long-term stable development in the future.