Reporter of Yangtze Business Daily Li Qiguang
In order to get greater development opportunities, Jiang Chao went to Shenzhen to establish Southern Lights (300940.SZ) and began his third entrepreneurship.
Currently, in the backlight display module industry, Antarctic Light has been "cultivating and meticulously working" for more than ten years. has strong strength in product research and development, quality control, supply capabilities, etc., and has established stable business cooperation relationships with many well-known companies.
htmlOn the evening of October 11, South Aurora announced that it plans to raise no more than (including) 740 million yuan for the Mini/Micro-LED display module production project, medium-sized LCD display module production project, new display technology R&D center project and supplement working capital.plans to expand production and enrich product lines
In recent years, Apple , BOE , TCL, Qunchuang, AUO and others have launched commercial products of Mini-LED.
According to IHS's forecast, global Micro-LED display shipments will reach 15.5 million units in 2026, with an average annual compound growth rate of 99%. my country's Mini/Micro-LED application market has started and is growing rapidly, with huge market space in the future.
data shows that Nano Light was listed on the Shenzhen Stock Exchange GEM in February 2021. Its main business is the research, development, production and sales of mobile phone parts with backlight display modules as the core. The main terminal application areas of the products include professional display fields such as smartphones and vehicle displays, medical displays, industrial control equipment displays, etc.
htmlOn the evening of October 11, Nanjiu released the 2022 GEM plan (revised draft) to specific objects. The announcement shows that the company plans to raise no more than (including) 740 million yuan to be used for Mini/Micro-LED display module production projects, medium-sized LCD display module production projects, new display technology R&D center projects and supplement working capital.Among them, the "Mini/Micro-LED display module production project" is expected to have a total investment of 389 million yuan, and the funds raised will be used to use 389 million yuan. After the project reaches full production, it will form a production capacity of 4.3 million pieces of Mini/Micro-LED display modules annually. The products are mainly used in automotive, tablets, laptops, and smart wearable fields.
Aurora Light introduced that one of the fundraising projects is the "Mini/Micro-LED display module production project". Through the implementation of this project, the company will form the batch supply capacity of Mini/Micro-LED display modules, and it will be mainly used in automotive displays, tablets, laptops and other fields, which will help the company seize the rapid development trend of Mini/Micro-LED technology, enrich the company's product line, and enhance the company's competitiveness.
In addition, the total investment of the "medium-size LCD display module production project" and the "new display technology research and development center project" is RMB 143 million and RMB 104 million, and it is planned to use the raised funds of RMB 143 million and RMB 79 million respectively.
Deeply cultivated and worked hard for more than ten years
Nanjing now stands at the forefront of the display field, and the company's actual controller Jiang Chao made an indelible contribution.
1971, Jiang Chao was born in an ordinary rural family in Sha County, Fujian (now Shaxian District, Sanming City).
In 2000, China was about to join WTO , bringing a new wave of entrepreneurship heat across the country. In August of the same year, Jiang Chao founded a small workshop called "County Cheng Guanzhongtian Feed Factory" in his hometown, Shaxian , and since then he entered the business world.
Due to the relatively small pressure on market competition back then, Jiang Chao quickly made his first pot of gold through the feed business.
In 2005, Jiang Chao went to Xiamen to found Xiamen Beineng Optoelectronics Technology Co., Ltd. and started his second entrepreneurship. This time, he turned his business to the light source product fields such as backlight , digital tube , and quickly grew into a powerful technology enterprise.
In 2009, in order to obtain greater development opportunities, Jiang Chao went to Shenzhen to establish Nanjiu Electronic Technology Co., Ltd. and began his third entrepreneurship.
At present, Antarctic Light has been deeply engaged in the backlight display module industry for more than ten years. The company seizes market development opportunities such as car display, tablet computers, and laptop computers to increase the company's profit growth points and achieve sustainable development of the company.
At present, facing challenges such as fluctuations in the domestic and international macroeconomic environment, widespread impact of the epidemic, and intensified industry competition, the overall performance of Antarctica has declined.
In the first half of 2022, Antarctic Light achieved operating income of 430 million yuan, a decrease of 23.60% from the same period last year; operating costs of 367 million yuan, a decrease of 25.90% from the same period last year; net profit attributable to shareholders of listed companies was 8.6691 million yuan, a decrease of 54.54% from the same period last year.
Aurora Light said that the company's net profit in the first half of the year declined year-on-year, mainly due to the company's implementation of equity incentives in the current period. From January to June 2022, the amortization amount of equity incentive expenses was 11.1531 million yuan, significantly lowering the current net profit.
Aurora Light introduced that the company has "fine cultivation" in the backlight display module industry for many years, and has strong strength in product research and development, quality control, supply capabilities, etc., and has established stable business cooperation relationships with many well-known companies.
Specifically, in the field of mobile phone backlights, Antarctic Light has now entered the qualified supplier system of leading LCD display module companies such as BOE, Helitai, Huaxian Optoelectronics, and Huaxing Optoelectronics. The mobile terminal brands used include OPPO, VIVO, Xiaomi , Huawei , Honor , Samsung , etc.; in the professional display field, the company's customers include Juncheng Electronics, Tianshan Electronics, Akita Micro, etc., and the products have been applied to terminal customers such as Haier , Midea, Panasonic , Canon , BYD , SAIC Group and other terminal customers.
It is worth mentioning that in 2021 and the first half of 2022, the R&D expenses of Antarctica were RMB 39.752 million and RMB 20.0812 million, respectively, continuing the previous high-level R&D investment.
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