Luxiao Technology set sapphire factory is expected to enter the Apple supply chain by joint venture

[High-tech LED reporter Zhao Hui] Another listed company whose stock price has soared because of its involvement in sapphire production, and this time it is more noticeable because of the joint venture's Apple supplier background.
On the evening of April 1st, Zhejiang listed company Luxiao Technology (002617.SZ), which was suspended due to major issues, announced that the company and Berne Optics (Huizhou) Co., Ltd. signed a capital contribution on April 1, 2014. Enlu Xiao Sapphire Co., Ltd. Agreement, jointly funded the establishment of Berne Luxiao Sapphire Co., Ltd. in Inner Mongolia (tentative name, hereinafter referred to as "Bern Lucy Company"). The registered capital of Berne Luxiao Company is 500 million yuan, of which the company contributes 200 million yuan, accounting for 40% of the registered capital, and Bun Optics invests 300 million yuan, accounting for 60% of the registered capital. The capital contribution method is its own monetary funds.
According to the agreement, after the registration of the company, the company will purchase 200 sets of 80 kg sapphire crystal growth furnace equipment from the company's wholly-owned subsidiary Zhejiang Lutong Electromechanical Co., Ltd. for the use of Berne laughter. The company's sapphire production, sapphire crystal furnace equipment will be delivered by the end of August 2014. The total transaction volume is expected to be around RMB 230 million, accounting for 8.40% of the company's estimated 2013 annual sales report (unaudited).
In order to avoid competition in the same industry, Luxiao Technology's controlling shareholder Lu Xiao Group Co., Ltd. promised to set up the operating assets of its wholly-owned subsidiary Zhejiang Luxiao Photoelectric Co., Ltd. into the Berne Luxiao Company after the establishment of the company. In view of the current asset management status of Zhejiang Luxiao Photoelectric Co., Ltd., asset placement will not be implemented within six months.
Sapphire concept hot
The sapphire concept has been a hot spot in the market since the end of last year.
“The three main lines of LED industry investment in 2014 are upstream sapphire, downstream lighting application and mergers and acquisitions of the entire industry.” Zhang Hongbiao, research director of Gaogong LED Industry Research Institute, said that the current domestic sapphire flat substrate has been accepted by most customers. With the promotion of sapphire applications in high-end smartphones, smart wearable devices, etc., sapphire demand will grow rapidly.
Apple CEO Cook said in an interview with the media that the Mesa component plant established by Apple and GTAT has obtained sapphire production equipment, and the annual production capacity can meet the demand of more than 100 million new 5-inch iPhone screens.
According to reports, the Mesa plant has obtained 518 sets of sapphire products manufacturing equipment, which can produce sapphire glass for 103 million-1.16 million 5-inch mobile phone screens per year. In addition, 420 sets of the same equipment are ordered, all of which are expected to increase each year. The production capacity will reach 200 million pieces, which will greatly enhance the credibility of the new iPhone with a sapphire screen.
"Apple's demonstration role will drive the application of sapphire in smartphones. If Apple's next-generation products use sapphire screens, it is expected to drive smartphones into the sapphire era." Oriental Securities Researcher Huang Panpan believes that consumer electronics sapphire applications will open sapphire growth. New space.
At the beginning of the year, Lu Xiao Technology's sapphire concept was hot, and its share price soared because of its subsidiary's production of sapphire crystal growth furnace.
Expected to break into the Apple supply chain
According to the data, the joint venture of the company, Berne Optics (Huizhou) Co., Ltd. Fuji Optical Co., Ltd. belongs to the mainland company. Founded in 1986, Fuji Optics has two companies in the mainland: Bourne Optics (Shenzhen) Co., Ltd. and Bourne Optics (Huizhou) Co., Ltd., and is currently one of the world's largest manufacturers of computer mobile glass lenses.
According to the information of Huiyang District Government Information Network, Bun Optics (Huizhou) Co., Ltd. was listed by the Guangdong Provincial Economic and Information Technology Commission in 2013-2014. Guangdong Province will support large-scale key enterprises (the first batch) and will be used in the project land. We have received strong support from all levels of government and preferential policies in fiscal, taxation, finance, talent, energy resources, and technological innovation.
According to the list of suppliers issued by Apple, Berne Optics (Huizhou) Co., Ltd. is Apple's glass touch screen supplier.
The person in charge of Berne Optics (Huizhou) Co., Ltd. said in an interview with the media reporter that the glass touch screen of Apple's display screen has 60%-70% shovel Huizhou Bourne Optics, and 60% to 70% of the company's production line is About 30% of Apple's production parts are in order to make orders for Samsung. ”
"If Apple's next-generation products use sapphire screens, Berne Rookie hopes to enter the Apple supply chain as an Apple supplier of Berne Optics. After all, the capacity of the Apple Mesa plant will not fully meet the needs at the beginning." .

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