Ruifeng Optoelectronics won a total of 60.85 million yuan from three institutions
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Ruifeng Optoelectronics specializes in high-end backlight LED devices and components, including backlights for all types of mobile electronic devices. Earlier this month, the company announced that it intends to invest its own funds of 183 million yuan for SMD LED expansion projects, thereby further enhancing the company's overall strength in the LED packaging industry, consolidating and highlighting the company's large-size LCD backlight LEDs, Leading position in the lighting LED market segment.
According to reports, the construction period of the project is from July 1, 2013 to June 30, 2014. The construction content is to invest in the construction of 504 KK large-size LCD backlight LED devices, an annual output of 5918KK lighting LED devices, and an annual output of 1500 KK cars. Electronics and other devices.
Changjiang Securities (000783) believes that Ruifeng Optoelectronics' expansion plan shows the company's good confidence in the LED industry. The expansion will be completed within one year, which will enable the company's capacity to grow by 2.8 times and the overall revenue will double. From the demand side of the LED industry, the penetration rate of LED lighting will increase rapidly to 50% in the next two years. In the case of rapid growth in demand, the capacity of the company's expansion will be digested.
Changjiang Securities forecasts that Ruifeng Optoelectronics' net profit per share from 2013 to 2014 will be 0.60 and 1.18 yuan, respectively, corresponding to PE of 19.7 times and 10 times. 