Ganzhao Optoelectronics (300102) issued an announcement on Friday afternoon to supplement and risk the information on the investment agreement signed with the Xiamen Torch High-tech Industrial Development Zone Management Committee.
Ganzhao Optoelectronics disclosed yesterday at noon that the company recently signed an Investment Agreement with the Xiamen Torch Hi-Tech Industrial Development Zone Management Committee on the company's investment in the construction of LED blue-green epitaxial wafer, chip and lighting industry projects, with a total investment of 5 billion yuan. The first phase of the project is planned to invest 2 billion yuan. Stimulated by the news, the company's stock closed its daily limit yesterday afternoon.
According to the company, the project has several risks associated with the termination of investment in the second phase, capital risks, market sales, technical and management risks, and changes in decision-making and policy support.
According to the company, due to the process of project construction, market development and capacity development, there will be no revenue in 2014. In the second half of 2015, mass production will begin gradually, but there is uncertainty in the production capacity and market sales, so there is still uncertainty in achieving sales revenue.
Ganzhao Optoelectronics disclosed yesterday at noon that the company recently signed an Investment Agreement with the Xiamen Torch Hi-Tech Industrial Development Zone Management Committee on the company's investment in the construction of LED blue-green epitaxial wafer, chip and lighting industry projects, with a total investment of 5 billion yuan. The first phase of the project is planned to invest 2 billion yuan. Stimulated by the news, the company's stock closed its daily limit yesterday afternoon.
According to the company, the project has several risks associated with the termination of investment in the second phase, capital risks, market sales, technical and management risks, and changes in decision-making and policy support.
According to the company, due to the process of project construction, market development and capacity development, there will be no revenue in 2014. In the second half of 2015, mass production will begin gradually, but there is uncertainty in the production capacity and market sales, so there is still uncertainty in achieving sales revenue.
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