Aoyang Shunchang enters the fast release period of LED business in the next two years
Haitong Securities recently released a research report on Aoyang Shunchang, saying that the company recently released a “Supplementary Announcement on LED Epitaxial Film and Chip Industrialization Project (Phase I)â€, which updated the company’s non-public offering of shares and fundraising projects. .
Aoyang Shunchang LED business has achieved rapid breakthroughs in the whole, and will expand in the future. Aoyang Shunchang will extend the chip and accumulate customers. The chip business model will give full play to the company's management advantages and institutional advantages. Currently, downstream orders have higher visibility. The company quickly became a supplier of LED chips. Aoyang Shunchang will rely on the industry trend of LED lighting, and will continue to expand its scale in the future. In the future, companies may encounter multiple choices, but the current expansion is a top priority.
Haitong Securities said that if the issuance of the issuance is successful, it is expected that the LED business of Aoyang Shunchang will enter the rapid release period in 2014 and 2015, contributing 52 million yuan and 145 million yuan respectively, and converting the current share capital (364.8 million shares) into EPS. It is 0.143 yuan and 0.397 yuan. Giving the LED business 25 times PE in 2014, its reasonable valuation is 3.564 yuan / share.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
Aoyang Shunchang LED business has achieved rapid breakthroughs in the whole, and will expand in the future. Aoyang Shunchang will extend the chip and accumulate customers. The chip business model will give full play to the company's management advantages and institutional advantages. Currently, downstream orders have higher visibility. The company quickly became a supplier of LED chips. Aoyang Shunchang will rely on the industry trend of LED lighting, and will continue to expand its scale in the future. In the future, companies may encounter multiple choices, but the current expansion is a top priority.
Haitong Securities said that if the issuance of the issuance is successful, it is expected that the LED business of Aoyang Shunchang will enter the rapid release period in 2014 and 2015, contributing 52 million yuan and 145 million yuan respectively, and converting the current share capital (364.8 million shares) into EPS. It is 0.143 yuan and 0.397 yuan. Giving the LED business 25 times PE in 2014, its reasonable valuation is 3.564 yuan / share.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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