On October 15, Jucan Optoelectronics shared the LED chip production capacity and MiniLED progress in detail at the third quarter report exchange meeting.
It is expected that the monthly production capacity will be increased to 1.8 million at the end of the year
The capacity utilization rate of Jucan Optoelectronics has been maintained at a high level this year, with saturated orders, full production and sales, and orderly delivery.
In order to meet the needs of customers' orders, Jucan Optoelectronics has arranged an orderly expansion of production on the basis of continuously optimizing product structure and improving product performance. Currently, it is implementing a project to raise funds through the issuance of stocks to specific objects. After all the investment is completed, it will increase production capacity. 9.5 million pieces/year, the production capacity will be gradually released in the future.
The current monthly production capacity is 1.6 million pieces, and it is expected that the monthly production capacity will be increased to 1.8 million pieces at the end of the year. The new production capacity is mainly high-end LED chip products such as Mini/Micro LED, automotive lighting, and high-power.
As for red and yellow LED chips, Jucan Optoelectronics has carried out preliminary planning, accumulated certain technologies, and passed relevant environmental impact assessments. However, due to limited resources, no substantial construction has been carried out. In the future, the company will carry out red Yellow LED chip construction project.
Many MiniLED chips have passed customer verification
In terms of products, many MiniLED products of Jucan Optoelectronics have been verified by customers and can be mass-produced at any time. The company has a stable customer base, product specifications and models are relatively stable, full production and sales, and lack of surplus production capacity to arrange MiniLED and other chip production, so the release of MiniLED production capacity is still in the planning stage.
Jucan Optoelectronics stated that, on the one hand, the company is constantly adjusting its existing product structure to increase product prices, and it is also carrying out the transformation and purchase of appropriate machinery and equipment to increase new production capacity. As the project with raised funds is put into production, MiniLED production capacity will enter a release period.
The rising trend of product prices is clear
In addition, when talking about the impact of the price increase of raw materials, Jucan Optoelectronics said that some of the company’s raw materials have increased prices, but they account for a relatively low proportion of the overall cost. The company reduces raw materials through gradual release of scale, continuous improvement of efficiency, and joint downstream digestion. The impact of price increases.
At the current stage, Jucan Optoelectronics focuses on increasing sales prices in addition to cost control. The company's selling price in the third quarter increased by about 3.5% compared with the first half of the year, mainly due to the intensified adjustment of product structure, the significant increase in the proportion of high-end products, and the steady increase in average selling prices. On the whole, the direction of price increase is clear, and the growth rate is relatively stable.
The rising trend of product prices is clear
In addition, when talking about the impact of the price increase of raw materials, Jucan Optoelectronics said that some of the company’s raw materials have increased prices, but they account for a relatively low proportion of the overall cost. The company reduces raw materials through gradual release of scale, continuous improvement of efficiency, and joint downstream digestion. The impact of price increases.
At the current stage, Jucan Optoelectronics focuses on increasing sales prices in addition to cost control. The company's selling price in the third quarter increased by about 3.5% compared with the first half of the year, mainly due to the intensified adjustment of product structure, the significant increase in the proportion of high-end products, and the steady increase in average selling prices. On the whole, the direction of price increase is clear, and the growth rate is relatively stable.
