Crystal Optoelectronics plans to raise more than 650 million yuan to expand sapphire LED substrate and other three projects

[High-tech LED News] Recently, Crystal Optoelectronics plans to issue no more than 20 million shares at a price of not less than 35.95 yuan per share. The proposed fund-raising is expected to not exceed RMB 658.8 million. The funds raised will be invested in the construction of precision optoelectronic thin film components, sapphire LED substrate projects, and R&D center construction. The production capacity of sapphire substrate materials will increase to 6 million pieces per year.

It is understood that Crystal Optoelectronics will benefit from the full order and IPO fund-raising project, infrared cut-off filter and assembly, ordinary optical low-pass filter and SLR optical low-pass filter to achieve sales income of 97.04 million yuan, 34.53 million yuan, 31.54 million yuan, an increase of 68%, -9.31%, 53.35%, respectively. The contribution of the infrared cut filter was increased to 51%, and the total contribution of the three was 85.64%.

In terms of sapphire substrates, preliminary mass production and sales have taken place. In the first half of the year, gross profit margin remained at a high level of 50%. Q1 reached 53.6% and Q2 reached 48.4%.

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