Dongshan Precision 140 million to enter the LED industry chain

Listed just two months of Dongshan precision began to use large funds. The company announced 9th that it intends to use over 60 million yuan to set up a wholly owned subsidiary in Shenzhen to implement the metal Backplane project of LCD module.　　In addition, the company intends to invest 80 million yuan and Taiwan's natural person Shen Yu concentrated in Suzhou set up a joint venture, to build LED backlight and lighting research and development and manufacturing projects. The announcement shows that Dongshan precision and Taiwan's natural person Shen Yu concentrated in Suzhou Industrial Park joint venture jointly funded the establishment of joint ventures, registered capital of 120 million yuan, of which Dongshan Precision capital of 80 million yuan, of which 36 million yuan registered capital (accounting for 30% of registered capital), capital accumulation of 44 million yuan Shen Yu concentrated on led in China and the United States a total of 10 invention patents and 1 utility model patent evaluation value of about 187 million yuan, of which the registered capital of 84 million yuan (accounting for the registered capital of 70%), the remainder of the capital accumulation.　　The joint venture company mainly launched LED backlight and lighting research and development and manufacturing projects. The company also released the Project Feasibility study report shows that the main product positioning in the LED backlight and LED lighting, products for LED TV backlight, LED street lights, led indoor lighting and LED projection lights.　　First year of project planning LED backlight product trial production, mass production, sales, the second year to complete the LED lighting products trial production, mass production, sales. It is noteworthy that the announcement predicts that the project's internal rate of return on investment (before income tax) is as high as 194.25%.　　The bulletin said that the above package patent has advanced packaging methods, can effectively solve the traditional packaging existing led cooling problem, so that products emit brighter light and prolong service life. In addition, Dongshan Precision also intends to Shenzhen set up a wholly-owned subsidiary, registered capital of 60 million, to exceed the capital investment.　　The new company will invest in the LCD module metal backplane Project, further expand the precision sheetmetal business scale, with the company's investment LED backlight project to produce better synergy. The company anticipates that the project construction period is 1 years, the 2nd year starts the entire series of products production capacity achieves the design ability 100%, reaches the postpartum annual sales amount is about 230 million yuan. The normal expected income of the project is deducted from the expected cost and tax and the net profit is about 58.1708 million yuan and the net sales rate is about 25.29%.