the
yesterday, ST Ancai released Placements, intended to be not less than the price of 5.87 yuan / share, non-public offering of stock more than 256 million shares, intended to raise funds not more than 1.464 billion yuan, with the The ultra-thin glass substrate, the two projects in the capacitive touch screen and electronic information displays. Among them, the largest shareholder of Henan Investment Group will subscribe in cash for the issuance of 34.5% of the total amount of shares.
in accordance with of ST Ancai the plan,wow gold, the touch screen project will form a production capacity of 18,921,600 annual output of small and medium size projected capacitive touch screen, the project total investment of 1.065 billion yuan, the proposed use of funds raised 784 million yuan. While the annual output of 14.4 million square meters of electronic information display ultra-thin glass substrate total investment of 422 million yuan, and intends to use the funds raised 300 million yuan.
ST Ancai able to produce ultra-thin glass substrate completion of the project, 1.1mm, 0.7mm, 0.5mm, and other varieties of ultra-thin glass substrate, and is expected to achieve 0.35mm ultra-thin electronic substrate production, and related products, import substitution, to meet the urgent needs of the touch screen vendors for ultra-thin glass.
According to the feasibility study report, two projects calculation of average annual sales income is expected to increase to 1.104 billion yuan, equivalent to 87.55% of the 2010 annual operating income of the ST Ancai. The average annual net profit after tax to raise investment projects is expected to reach 234 million yuan, the project’s sales net profit margin of 18.84% and 28.22% respectively.
ST Ancai in October, has been completely shut down all the CRT glass production line and step up the transformation of the construction of new projects, has been gradually formed gas,wow gold, the new displays support, to create The solar photovoltaic industry base as the core of the layout of the three major industries. The first three quarters of this year, ST Ancai income of 925 million yuan, net profit of 5.71 million yuan.
domestic touch screen market demand in decline, production can already appear serious excess., General manager of Shenzhen,wow gold, a touch screen company gross ancestral learn First Financial Daily capacitive touch screen price compared to the beginning of the year has fallen by nearly 20%. Although the touch screen market is growing, but very high customer concentration, such as ZTE and Huawei on the touch screen demand is increasing, but its supply chain is very stable and difficult to enter. Liya Qin for the
swarm intelligent consulting, research director pointed out that the capacitive touch screen has developed rapidly, in the end the kind of technology is the future of the mainstream of the market is hard to say, for example, tend to the glass substrate of the touch screen and Samsung thin-film capacitive touch screen.
The capacitive touch screen production line will show a large-scale production capacity growth, and further increase the risk of the price reduction.
this year
, Leybold Tech, Yu Shun listed companies to expand investment in a capacitive touch screen. In contrast, in the Placements ST Ancai has lagged behind a big step.