The LED packaging factory chain held a press conference yesterday (4th). Spokesperson Zheng Yiqing pointed out that in order to meet operational needs, the company will shut down the LED backlight production line. The board of directors decided to dispose of major machinery and other equipment to Anhui Xinruida. The total transaction amount is approximately 27.5 million yuan (NT$, the same below). The sale proceeds are expected to be 446,000 yuan. The disposal amount will be used to repay debts and strengthen the financial structure.
Zheng Yiqing pointed out that the book amount of the equipment sold this time accounted for approximately 57.29% of fixed assets and 15.4% of total assets. The disposal amount will be used to repay liabilities and strengthen the financial structure. After this response, the company will consolidate existing lighting customers and strengthen its supply chain relationship with foundries to make up for the impact of reduced business in the backlight market.
Lianying's total consolidated revenue last year was 212 million yuan, an annual decline of 34.88%, and a net loss after tax of 46.8199 million yuan. Based on the current capital of 330 million yuan, the loss per share was approximately 1.4 yuan.
Zheng Yiqing said that based on last year's revenue, backlight accounted for about 70% of revenue, while lighting accounted for 30%. The former is produced in-house, while the latter is outsourced. After the company closes the backlight production line and disposes of the machines this year, the company's operating model will change to designing products and receiving orders, and then outsourcing processing and production. The revenue proportions of the two major businesses will change in the future, but the actual proportions are still uncertain.
In addition, the board of directors approved a private placement cash capital increase on the 3rd day before the continuous operation. The price per share is tentatively set at 1.8 yuan. The upper limit of the number of shares is expected to be 14 million shares, with a face value of 10 yuan per share. Zheng Yiqing responded that the additional fundraising targets have not yet been determined.
ANNA