Jingdian holds nearly 30% of the equity of Weitian Technology and actively expands MiniLED production

LED manufacturers are actively preparing for Mini LED. In order to expand the production of Mini LED related products, Taiwanese manufacturer Weitian Technology has processed 11,000 private placements to increase shares. Jingdian participated in the subscription and increased the shareholding of Weitian Technology to 43.77%, Jingdian said Weitian mainly purchases LED chips from Jingdian. Based on the expansion of Mini LED cooperation and thus increasing the proportion of equity, Jingdian has previously mastered three directors of Weitian Technology.

Jingdian holds nearly 30% of the equity of Weitian Technology and actively expands MiniLED production

Epistar Mini LED products will be shipped successively in the second half of this year. The proportion of revenue depends on the progress of customers' adoption. Epistar said that Mini LED products are divided into two types: blue and RGB, using existing MOCVD machines, plus A small number of newly-added equipment has a high interoperability rate.

Jingdian originally held nearly 30% of the equity of Weitian Technology. Weitian Technology focuses on high-power LED packaging and module products. In the past, it has long purchased LED chips from Jingdian. Weitian’s private placement is mainly for Mini LED packaging, With the expansion of module products, Jingdian expanded investment and injected relevant production expansion funds. In the future, the cooperation between the two parties in Mini LED products tends to be closer.

Weitian Technology handled 11,000 private placements this time, at a price of 11.25 yuan per share (NTD, the same below), and the capital amount will be increased from 476 million yuan to 586 million yuan.

Epistar will participate in the Smart Display Show (Touch Taiwan 2018) today (29). Due to poor demand in the first half of the year, the traditional peak season effect of the LED industry at the end of the second quarter is not significant. However, Epistar said that from August In the beginning, quaternary LEDs and blue LEDs have relatively obvious peak season effects. August operations will be better than July, and September may also be better than August. In the third quarter, under the traditional peak season, operations are expected to grow month by month. The price of blue LEDs has also temporarily stabilized.

Jingdian’s July revenue reached 1.814 billion yuan, a decrease of 0.09% from June, a year-on-year decrease of 19.4%. The cumulative revenue in the first July of this year reached 12.26 billion yuan, a year-on-year decrease of 16.2%.

The LED industry is still in the adjustment period, leading to relatively weak stock price performance. Although Jingdian's net value per share is still 48 yuan, the closing price yesterday (28) was only 33.8 yuan, and the stock price was at a relatively low level.

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