The BOE A-share 46 billion non-public issuance plan, which received much attention from the market, was approved by the shareholders meeting on August 12.
At the shareholders meeting, the chairman of the company, Wang Dongsheng, revealed that the new production capacity in the display field will be limited in the next 3-5 years, so the big price war will not happen, the product price will remain relatively stable, and the future profit of BOE will grow steadily. He also frankly, does not raise funds, does not increase investment, maintains the current state, the company can also live well in the short term, but the company's future goal is to become an industry leader, which is the contradiction between current interests and long-term interests. If you make the current investment in the next five years, the timing will be missed, and the goal of BOE to enter the top three in the world will be empty talk. This is also the starting point for the company's large-scale financing.
It is reported that the BOE non-public offering plan is expected to issue 9.5 billion - 22.4 billion shares, raising funds of no more than 46 billion yuan, will be mainly used in Hefei Xinyi Optoelectronics 8.5 generation line, Xinyi photoelectric touch screen, Ordos source Shengguang 5.5 generation AM - OLED, Chongqing 8.5 generation line and other projects. Since the second half of last year, with the gradual improvement of the industry, BOE's profitability has been substantially improved. At present, the four production lines of 4.5, 5, 6 and 8.5 are all fully sold. In 2012, the company's annual net profit was 256 million yuan. In the first quarter of 2013, the company realized a net profit of 287 million yuan. It is estimated that the profit in the first half of the year will reach 820 million to 860 million yuan.
As the industry has just begun to improve, the company is facing refinancing at the beginning of its profitability. Investors' concerns and doubts can be felt in almost every issue at the venue. Some funds are concerned about the financing, will the company have a big financing plan in the next 5-10 years? Wang Dongsheng said that there will be no such large-scale financing plan in the next five years.
At the shareholders meeting, the chairman of the company, Wang Dongsheng, revealed that the new production capacity in the display field will be limited in the next 3-5 years, so the big price war will not happen, the product price will remain relatively stable, and the future profit of BOE will grow steadily. He also frankly, does not raise funds, does not increase investment, maintains the current state, the company can also live well in the short term, but the company's future goal is to become an industry leader, which is the contradiction between current interests and long-term interests. If you make the current investment in the next five years, the timing will be missed, and the goal of BOE to enter the top three in the world will be empty talk. This is also the starting point for the company's large-scale financing.
It is reported that the BOE non-public offering plan is expected to issue 9.5 billion - 22.4 billion shares, raising funds of no more than 46 billion yuan, will be mainly used in Hefei Xinyi Optoelectronics 8.5 generation line, Xinyi photoelectric touch screen, Ordos source Shengguang 5.5 generation AM - OLED, Chongqing 8.5 generation line and other projects. Since the second half of last year, with the gradual improvement of the industry, BOE's profitability has been substantially improved. At present, the four production lines of 4.5, 5, 6 and 8.5 are all fully sold. In 2012, the company's annual net profit was 256 million yuan. In the first quarter of 2013, the company realized a net profit of 287 million yuan. It is estimated that the profit in the first half of the year will reach 820 million to 860 million yuan.
As the industry has just begun to improve, the company is facing refinancing at the beginning of its profitability. Investors' concerns and doubts can be felt in almost every issue at the venue. Some funds are concerned about the financing, will the company have a big financing plan in the next 5-10 years? Wang Dongsheng said that there will be no such large-scale financing plan in the next five years.
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