Luxiao Technology clarifies 1.1 billion yuan investment LED sapphire substrate news

Lu Xiao Technology, which has risen more than 25% in three days, announced the stock price change announcement. In response to the market-selling concept of “sapphire”, the company announced that the listed company did not produce sapphire materials business, and the company that invested in online madness invested a total of 1.1 billion yuan. The project of producing 4 million LED sapphire substrate materials does not match the facts.

Recently, there are rumors that Apple's iPhone6, which will be launched next year, will use a sapphire glass screen, and it has been reported that Apple has signed a sapphire purchase order with GT Advanced Technology. The industry believes that if the iPhone 6 uses a sapphire protection screen in 2014, sapphire will be in short supply and is expected to push its price up.

At the same time, the network annual production of 4 million LED sapphire substrate materials project of Luxiao Technology with a total investment of 1.1 billion yuan was launched in 2011. Stimulated by this news, the company's share price has soared continuously from December 3, from 8.8 yuan to 11.18 yuan on December 5, an increase of 27%.

According to today's announcement, the company disclosed the related party announcement on September 17 and November 25 this year. The listed company subsidiary Lutong Electromechanical Co., Ltd. and its controlling shareholder Luxiao Group's subsidiary Lu Xiao Optoelectronics had a relationship with the sapphire crystal growth equipment. In the transaction, Lutong Electromechanical Co., Ltd. produced sapphire crystal growth equipment for Luxiao Optoelectronics, with a total transaction amount of 30.28 million yuan. According to the information provided by the company, the above sapphire crystal growth equipment is limited to the sales of Luxiao Optoelectronics, and the proportion of business is not large.

For the rumor mentioned, "Lu Xiao Technology's total investment of 1.1 billion yuan, the annual production of 4 million LED sapphire substrate materials project has been launched in 2011", the reporter looked through the company's regular report that year, there is no relevant information.

In response to the market situation of sapphire materials and related equipment, industry insiders told reporters: "One side is the extrusion of foreign big factories such as GT and ARC, and the other side is the overcapacity of domestic sapphire substrates, the demand is not strong, the price is falling all the way, the domestic long The crystal furnace manufacturers are now seeking survival and development in the cracks.” The ultra-low capacity utilization rate directly led to the downturn in the sales of the upstream sapphire substrate and sapphire crystal growth furnace, and the price also went down. By the middle of this year, the market price of 2-inch sapphire substrates has reached the cost line of US$7 and US$8, and more Japanese and Korean manufacturers have called out the “Jumping price” of US$6.

( 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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