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On June 30, LED new three-board enterprise Zhaochi Energy-saving Lighting (838750) announced that in order to promote mutual development and mutual benefit, Zhaochi Energy-saving Lighting is planned to be in the LED packaging production line project with Qingshan Lake District People's Government of Nanchang City, Jiangxi Province. Sign the investment agreement.

According to the agreement, the People's Government of Qingshan Lake District of Nanchang City will apply for the key industry development fund for the LED packaging project of Jiangxi Zhaoxil Optoelectronics Co., Ltd. (hereinafter referred to as “Jiangxi Zhaochi”), a wholly-owned subsidiary of Zhaochi Energy Saving.

The investment amount of the Industrial Development Fund is RMB 700 million. It holds the equity of Jiangxi Zhaochi through the capital increase of Jiangxi Zhaochi. Its final shareholding ratio does not exceed 49% of the registered capital of Jiangxi Zhaochi. Jiangxi Zhaochi is energy-saving by Zhaochi. The wholly-owned subsidiary was changed to a holding subsidiary.

Zhaochi Energy-saving Lighting said that this capital increase will be used to add 1000 LED packaging production lines to Jiangxi Zhaochi, to support the LED industry in Nanchang, Jiangxi, and to promote the development of the local LED industry.

In recent years, the government's policy of catalyzing the development of energy-saving and environmental protection industries and the continuous driving of the LED terminal application industry, the core technology of the domestic LED industry has continued to break through, and the gap with the international level has further narrowed. LED application fields continue to expand, with small-interval LED displays ushered in explosive growth, Micro-LEDs are maturing, LED lamps and LED UVs are becoming more widely used, and the market penetration of LED-related products is increasing.

With the development of domestic industry and the influence of China's capital market forces, China's LED industry continues to penetrate domestic and foreign markets. The global packaging production in Korea, Japan, Europe and other countries is shifting to China. The market share continues to rise, and the global LED competition pattern continues. Adjustment.

"This package expansion is mainly locked in the two major application areas of backlight and lighting. Our goal is to focus on the development of white light market and strive to become a giant in the middle and high-end market." Zheng Haibin, deputy general manager of Zhaochi Energy Saving Lighting, told Gaogong LED.

Since its establishment, Zhaochi Energy-saving Lighting has been rooted in the field of LED packaging, and has been deeply cultivated. The high-end packaging and display backlight products have been recognized by first-line brand manufacturers at home and abroad. With the expansion of the company's business scale, the capacity of the existing packaging production line can no longer meet the needs of daily business volume.

Under the current trend of increasing industry concentration and vertical integration of the entire industry chain, the signing of the above investment agreement is an important measure for Zhaochi Energy to implement strategic deployment around the business goal of “becoming a leading LED enterprise in China”. After production, the annual output value is expected to reach 4 billion.


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