Key Equipment MOVCD Suspected to Have Been Removed from National Star Optoelectronic Technology

"We have learned that there is no case where Xuming Optoelectronics MOCVD equipment was removed." On January 11, an insider of National Star Photoelectric said.

According to the data, Xu Ruiguang mainly produces LED chips, and the key equipment for producing LED chips is MOCVD. At present, the vast majority of domestic MOCVD equipment relies on imports. Although the price of each unit has been declining in recent years, it is still as high as 15 million yuan per unit. MOCVD is a very important fixed asset for LED chip companies.

On the evening of January 10, the National Star Optoelectronics announced that it intends to increase its stake in Xu Rui Optoelectronics. The company's shares will be suspended from the 11th. It is reported that before the increase in holdings Guoxing Optoelectronics holds nearly 15% of Xu Ruiguang's shares.

On January 6, the website of a research institute of the domestic LED industry broke the news that it received from company employees that the major shareholder Xuming Optoelectronics had taken away part of the MOCVD main components of its subsidiary Xu Rui Optoelectronics. The news also revealed that Asahi Photonics had been shut down since April 2012, and the daily operation of Xurui Optronics was an order from Xuming Optoelectronics. Xu Ruiguang was responsible for the cutting and inspection of the back-end materials, but "orders A very small amount." An insider of China Star Optoelectronics also confirmed that Xu Rui Optronics' performance in 2012 was not satisfactory.

“As of now, we have not heard any news about Xu Yuanrui’s relocation of machinery and equipment from major shareholders,” said Guo Jian, director of the National Star Photonics Co., Ltd., and Xu Ruiguang currently owns 11 MOCVD equipment.

The author failed to dial the reporter’s phone number for the above article. As of press release, QQ contacted himself, but no one responded.

According to an insider who did not wish to be named National Star Optoelectronics, Xurui Optoelectronics invested in a new LED chip production line at the end of 2009, mainly producing white-light chips.

A Beijing-based LED industry analyst told the reporter that the current LED chip production capacity is already in excess, domestic MOCVD equipment has nearly a thousand units, and some large listed companies, such as Sanan Optoelectronics, Huacan Optoelectronics are still on a large scale Expansion of production, coupled with the competition of Taiwanese manufacturers and Europe, the United States, Japan and South Korea, "there will be more intense domestic LED chip competition in the near future, and the price and gross profit of LED chips may continue to decline."

In the first three quarters of 2012, China Star Optoelectronics achieved a net profit of 63,229,700 yuan, a decrease of 28.91% year-on-year. As a result, the company's stock price has been underperforming, even in the market's 14.60% surge in December last year. It also rose only 10.18%, underperforming the broader market.