Guoxing Optoelectronics: Future growth potential is optimistic

The company is one of the top three LED packages in China and the largest SMD LED packaging company, which is in line with the development direction of emerging industries and has good growth potential in the future.

Today's broader market continued its strong feature. The Shanghai Composite Index was trading near the 60-day moving average and closed for six consecutive days. The stocks in the intraday stocks are highly active, especially the new stocks are eye-catching. For example, NetScience Technology, Yushun Electronics and other daily stocks, Dongshan Precision, Black Cattle Food, Jifeng Agricultural Machinery and other new stocks are also brilliant. Therefore, it is recommended to pay attention to the newly listed stocks, Guoxing Optoelectronics (002449). The company is one of the top three LED packages in China and the largest SMD LED packaging company, which is in line with the development direction of emerging industries and has good growth potential in the future.

Domestic LED packaging leader energy saving and environmental protection prospects Bright company is mainly engaged in the research and development, production and sales of LED devices and components. The products are widely used in consumer electronics, home appliances, flat panel display and lighting engineering. At present, the company has been in the leading position in the field of LED packaging. It is one of the top three LED packaging companies in mainland China and the largest SMD LED packaging company. The company participated in the drafting of a number of national industry standards, five of which have been approved by the Ministry of Industry and Information Technology. In addition, the company has been providing processing equipment for tuner and LIB (Lithium Battery) power manager for Sanyo Telecommunications Co., Ltd. of Japan. This year, the company became an IBM qualified supplier, and in January won the bid for the LED spotlights that China Mobile's business hall energy-saving lighting products purchased centrally. The winning bid of LED spotlights was 31.11%. Due to the strong R&D strength of the company, higher-end products account for 70% of sales revenue, and the product's gross profit margin is relatively high, and its core competitiveness is increasingly prominent.

LED lighting is known as the third revolution of human lighting due to its energy saving, environmental protection, safety, long life and rich colors. It conforms to the development concept of low carbon economy. The semiconductor optoelectronic device manufacturing industry to which LED belongs is a key industry supported by the state. It has received strong support from policies and funds, and has broad prospects for future development. According to research firm iSuppli, the global LED market sales growth rate is about 14.6% from 2006 to 2012, and the application of emerging areas such as large-size LCD backlights, automotive lighting and general lighting will stimulate LED growth. It is estimated that by 2012, the LED market will reach $12.3 billion. The rapid development of the LED lighting industry is bound to drive the LED packaging market demand. Facing the broad market prospects, the company has huge room for development.

The fundraising project expands production capacity and expands the high-end application field. The company issued 55 million shares this time, and raised funds to invest in new surface mount LED technology transformation projects, power LED and LED light source module technology transformation projects, LED backlight technology transformation projects and semiconductors. The four key projects of lighting technology and industrialization. After the production, the company's SMD LED device capacity increased by 3 billion, an increase of 117%, of which Chip LED and PLCC LED capacity increased by 2.88 billion, power LED increased by 120 million. In addition, there is also a LED lighting manufacturing project, the main target market is the general lighting field, which is expected to form 30,000 盏/year of high-power LED street lamps, 1 million sets of various general-purpose LED lamps/years, and strips for various lighting projects. With a production capacity of 120,000 m/year, the main technical indicators of the products have reached the international advanced level. Therefore, the smooth implementation of the fundraising project will help ease the company's capacity bottleneck, extend the industry chain, and gradually expand to high value-added SMD LEDs (especially power LEDs) and their applications to improve the company's sustainable development capabilities.

In the secondary market, the stock is a new stock that has just been listed, with an issue price of 28 yuan and a price-to-earnings ratio of 51 times. In view of the fact that the stock is an emerging LED industry, it has better growth in the future and has a higher valuation level. Since the listing, the stock has shown a strong shock situation, the increase is small, the signs of capital inflows are obvious, there is a large upside in the market outlook, and it is recommended to pay attention.

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