On October 23, Huacan Optoelectronics announced that it would give full play to the existing technological advantages and production advantages of Huacan Optoelectronics (Suzhou) Co., Ltd., a wholly-owned subsidiary of Huacan Optoelectronics Co., Ltd. (hereinafter referred to as “Suzhou Subsidiaryâ€). Huacan Optoelectronics' scale efficiency, reduce production costs, improve material supply reliability, and fully safeguard the interests of listed company shareholders. The company plans to launch "Huacan Optoelectronics (Suzhou) Co., Ltd. LED epitaxial wafer and chip four-phase project in Zhangjiagang City, Jiangsu Province. Construction of the project.
In the first phase of the fourth phase of the project, it is planned to build various supporting buildings such as epitaxial plant, chip plant, power plant and ammonia supply station, with a total construction area of ​​116,118.72 square meters, and transform the existing 1# epitaxial plant and 2# chip plant. The renovation area is about 6,500 square meters and the relevant production equipment is purchased. After the project is completed, it will form an annual production scale of 9 million pieces of LED epitaxial wafers (2-inch film, self-use for enterprises) and LED chips of different specifications. The first phase of the fourth phase of the project has a total investment of 2,050,000,800,000 yuan, including: construction investment of 2,902,730,500 yuan, working capital of 32,502,200 yuan, and construction period interest of 82,321,000 yuan.
According to the announcement, the Suzhou subsidiary will enjoy the subsidy for fixed assets investment of the local government of no more than 400 million yuan, and the preferential policies for granting research and development funds and loan interest subsidies of not more than 300 million yuan from 2017 to 2021.
Huacan Optoelectronics said that the construction of the project is conducive to the existing technological advantages and production advantages of the Suzhou subsidiary. At the same time, it matches the continuous expansion of Huacan Optoelectronics, giving full play to the economies of scale of Huacan Optoelectronics, reducing production costs and improving the reliability of material supply.
On the same day, Huacan Optoelectronics issued another announcement. Huacan Optoelectronics Co., Ltd. intends to use its own funds to increase the capital of Huacan Optoelectronics (Suzhou) Co., Ltd. (hereinafter referred to as “Suzhou Subsidiaryâ€), a wholly-owned subsidiary, by RMB 500 million. After the capital increase, the registered capital of Suzhou Subsidiary is RMB 1.1 billion, and the company holds 100% of its equity.
It is understood that the business scope of Huacan Optoelectronics Suzhou Subsidiary is the design, manufacture and sale of semiconductor materials and devices, electronic materials and devices, and semiconductor lighting equipment; self-operated and agent import and export business of various commodities and technologies (but national limited company) Except for goods and technologies that are operated or prohibited from importing and exporting).
According to the announcement, the recent major financial indicators of the Suzhou subsidiary are as follows:
According to the announcement, the capital increase for the Suzhou subsidiary is based on its operational needs and is conducive to enhancing the capital strength of the Suzhou subsidiary to meet the “Huaguang Optoelectronics (Suzhou) Co., Ltd. LED epitaxial wafer and chip four-phase projectâ€. Construction needs are in line with the company's long-term planning and development needs.
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