According to Hong Kong media reports, Dajin Jingdian announced earlier that the group has won the bid and become an alternative enterprise for the “three ministries†semiconductor (LED) lighting application demonstration project. Use. The Group believes that this means that its LED lighting technology has been recognized by the state. In addition, the Group also won the bid for the LED street lamp procurement and installation project of Zhengzhou Municipal Government, involving approximately RMB 12 million.
According to Hong Kong's "Oriental Daily" report, Wu Guangji also said that the TDR announced by the group earlier is still in the application stage. If it is based on the current stock price, it will be able to raise about 200 million yuan. Although the Group has considered the issue of new shares to raise funds, the management and shareholders believe that the current share price of the Group is undervalued, so at this stage it will not raise funds by issuing new shares.
No new shares will be raised
The development of the Group is mainly subject to capital, as most of the transactions are instalments. If there are about 150 million funds, it can only do about 500 million businesses, and now the contracted sales in fiscal year 2011 has exceeded 400 million. . Contracted sales for fiscal year 2012 have reached about 700 million yuan, and it is expected that the annual turnover in 2012 will reach 1 billion yuan.
The “three ministries†are the National Development and Reform Commission, the Ministry of Housing and Urban-Rural Development, and the Ministry of Transport. The public bidding includes several LED products. The LED roads and tunnel lights are used for the application and winning the bid. Wu Guangji, the investment director, said that the cooperation of the group is in the form of installment payment or one-time payment. It is generally an installment payment. If the regional government has an urgent need, it will pay once.
Wu Guangji continued that the gross profit margin mainly depends on the cooperation model. If it includes installation, it can reach 50%. If it does not include installation, it only sells its LEDs to other companies for installation. The gross profit margin is also about 35%.
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