Hongli Photoelectric invested 1 billion Nanchang to build LED industry base

Hongli Optoelectronics (300219) announced today that the company plans to invest in the construction of LED industry base in Nanchang City, Jiangxi Province. The matter was approved by the 16th meeting of the second board of directors of the company.

According to the disclosure, the company plans to self-raise funds in the Nanchang City, Jiangxi Province, Linkong Economic Zone Management Committee Park, to obtain 300 acres of land to invest in the construction of LED industry base, and at the same time set aside 300 acres, a three-year reservation period, the project plans to invest 10.09 100 million yuan. The base mainly develops, produces and sells LED packaging devices and LED lighting applications.

It is reported that Hongli Optoelectronics intends to pass the newly established wholly-owned subsidiary Jiangxi Hongli Photoelectric Co., Ltd., and Jiangxi Hongli is responsible for bidding for 300 mu of land use rights, plant construction and production and sales of some LED products, and the remaining LED products of Nanchang LED Industry Base. Production and sales are carried out by the company's subsidiaries for business relocation or establishment of subsidiaries. Jiangxi Hongli registered capital of 100 million yuan, funded by Hongli Optoelectronics with self-raised funds.

The construction area of ​​Nanchang LED Industrial Base is about 200,000 square meters. The company plans to invest 1.009 billion yuan. The first phase construction area is about 100,000 square meters. The base mainly develops, produces and sells LED packaging devices and LED lighting application products. The range includes general lighting, backlights, automotive signal/lighting, special lighting, display and more. In the future, the base will become the only leading business development center and production base of the company except Guangzhou's existing base.

The announcement said that after the project is fully put into production, it is estimated that the annual average operating income will be 1,58,738,600 yuan, and the annual average net profit will be 109.19 million yuan.

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