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[High-tech LED News] Recently, Guoxing Optoelectronics announced plans to invest 100 million yuan to cooperate with Henan Nanyang Xicheng Technology to participate in the mining of the largest vanadium mine in Henan Province, which will have a greater impact on performance. At the same time, in order to replenish cash flow, the company plans to issue less than 500 million yuan bonds and lend 1.3 billion yuan to banks.
According to the announcement, Guoxing Optoelectronics will establish Baoli Vanadium Industry Technology Co., Ltd. with Xicheng Technology, which is mainly engaged in the research and development and sales of vanadium ore exploration, mining and vanadium pentoxide refining. After the completion of the project, Baoli Vanadium Industry will produce 3,000 tons of vanadium pentoxide annually.
Guoxing Optoelectronics said that the current agreement between the two parties is only the initial processing of mineral deposits, and does not involve reprocessing business. The main strategy in the future is still the extension of the vertical industrial chain of LEDs.
It is understood that Guoxing Optoelectronics increased its sales revenue of SMD products and lighting application products in the first half of the year. The company achieved revenue of 546 million yuan, a year-on-year increase of 34.24%; while the sales price of the products lowered the gross profit margin, the net profit was 58.86 million yuan. , a year-on-year decrease of 19.21%.
According to the announcement, Guoxing Optoelectronics will establish Baoli Vanadium Industry Technology Co., Ltd. with Xicheng Technology, which is mainly engaged in the research and development and sales of vanadium ore exploration, mining and vanadium pentoxide refining. After the completion of the project, Baoli Vanadium Industry will produce 3,000 tons of vanadium pentoxide annually.
Guoxing Optoelectronics said that the current agreement between the two parties is only the initial processing of mineral deposits, and does not involve reprocessing business. The main strategy in the future is still the extension of the vertical industrial chain of LEDs.
It is understood that Guoxing Optoelectronics increased its sales revenue of SMD products and lighting application products in the first half of the year. The company achieved revenue of 546 million yuan, a year-on-year increase of 34.24%; while the sales price of the products lowered the gross profit margin, the net profit was 58.86 million yuan. , a year-on-year decrease of 19.21%.
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