Cross-strait bridging plans to lock focus industries such as LED lighting, and will use Xiamen sub-mainline and Guangzhou subway as demonstration points to release more than 50,000 LED lamps. Although it does not contribute much to the actual performance of supply chain manufacturers in the short term, the market expects that due to the upstream LED epitaxial/grain technology in Taiwan, it still ranks relatively leading in the international market. It will bring long-term positive benefits to Taiwan LED epitaxial manufacturers. Among them, Jingdian (2448), Yuyuan (3061), and New Century (3383) are currently relatively complete in the mainland, and are most optimistic.
The new century was originally one of the major suppliers of Hangzhou Silan Mingxin, a mainland LED manufacturer. In 2010, it announced that the LED epitaxial plant with the Kunshan Municipal Government of China has also started construction. It is expected to be completed and put into production in the third quarter of 2011. In the first phase, 50 MOCVD machines will be introduced. With the opening of the new plant, the future will also gradually cut into the local government public works standard supply chain.
On the other hand, the new century also has funding themes in the near future. Following the completion of cash replenishment and payment (issuance of 20 million shares, price of 41 yuan per share, raising 820 million yuan), a few days ago, it was announced to apply for the extension of the fourth domestic unsecured conversion of corporate bond funds during the three-month period. NT$220 million will be extended from 10/20 in 2010 to 4/20 in 2011 from the effective date of the application.
The most popular mainland layout in the past is the joint venture with the subsidiaries of China Electronic Information Industry Group to establish Jingjing Lighting (Xiamen), which is 44% owned by China Electronics Group and 40% owned by Jingdian. Dimensional panel backlight and lighting business expansion, and will be managed by the crystal power distribution team responsible for the development of the company's wafer and die operations, packaging process is outsourced production. In addition, Jingdian currently has production bases in Changzhou, Xiamen and Guangzhou, China. The shareholding ratio of LED epitaxial/grain factory crown (Shandong), which has been invested in UMC, has also increased to 55%.
Recently, Jingdian has also issued the third unsecured convertible corporate bond ECB overseas. The total issuance will be limited to US$280 million, and approximately NT$8 billion will be raised. The company expects that the funds raised will be used to repay US dollar loans and purchase equipment (expanding capacity). However, a few days ago, the market also reported that Jingdian may be issued through this convertible bond, introducing overseas strategic partners and expanding the seaport.
The current strategic layout of the mainland is dominated by Yangzhou. The main strategic partners include LCD TV manufacturing giant Ruixuan Technology (2489), South Korea LG Display, LED packaging factory Dongbei (2499), Korea WOOREE Group and so on. By the end of 2010, the total number of MOCVD machines has reached 25, and the number of MOCVD machines is expected to reach 50 by the end of 2011.
And Yuanyuan recently issued 90 million shares for private placement, the price per share was 36.44 yuan, and raised a total of 3.2 billion yuan, and introduced the largest commercial company in Japan, Mitsui & Co., Ltd., and LED packaging factory Dongbei (2499). Among them, Mitsui currently holds a 16% stake in TPV TPV, and has a downstream sales channel. The attitudes in the backlight, lighting, and automotive applications are very positive. The market expects that this will help expand the business.
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