Nation star planned to use RMB 60 million in savings from the “New Plant and Power Construction Project” savings of the fund-raising investment project to change its use. The investment company’s new project “LED display device Expansion project."
National Star Investment 60 million to build LED display expansion project
National Star Investment 60 million to build LED display expansion project
It is understood that up till now, the plant construction of the new plant and power construction project has been completed, and the electromechanical power equipment has basically been installed. The interior decoration of some plants has been completed and put into use. Due to the decrease in the cost of construction projects, the selection of power equipment and the decrease in price, the rest of the plant's decoration budget, project payables, and quality assurance funds will be considered. After the completion of the new plant and power construction projects, savings will be raised. 000 million. The change in the "new plant and power construction project" savings raised 60 million yuan for the "LED display device expansion project", on the one hand can increase the efficiency of raised funds, on the other hand can increase production capacity and enhance company competition Strengthen the growth of company performance.
National Star Optoelectronics stated that the integrated LED display device expansion project will increase production capacity after reaching its production capacity. According to the current price and taking into account price reduction factors, if the actual production situation can be fully implemented as expected, it is expected to increase sales for one year after reaching production. RMB 100 million, increase operating profit by RMB 75 million and increase net profit by RMB 30 million. At present, the LED industry has ushered in a booming market, the market demand is strong, and the company’s products are in short supply. This investment will further expand production capacity, showing the company’s positive expectations for the industry’s prospects, which will help increase company’s operating income and net profit.