On November 2, OCT organized institutional investors to conduct field research at Dongxu Optoelectronics Co., Ltd., and Wei Mengying, Yang Xiuquan and Sun Xiaoyan from the securities department received institutional investors. The minutes of the investigation are summarized as follows:
First, Ms. Wei Mengying introduced the company as a whole overview:
Up to now, the Company has enjoyed a good momentum of business development, with production lines of high-generation glass substrates and polarizers successively put into operation. The reorganization project has obtained the approval of the CSRC and the second phase of employee stock ownership plan has been implemented. Revenue and net profit both achieved a good growth rate. The Company achieved operating revenue of 7.869 billion yuan and net profit of 1.026 billion yuan, up 84.64% and 27.97% over the same period of last year respectively.
Second, interactive Q & A session
Institutional Investor: The surface of the company's 3.75 billion raised investment project shows how much profit the cover glass production project is expected to bring to the company after it is put into production?
Dongxu Optoelectronic: The company's total investment of the curved cover glass project is about 1.5 billion yuan, of which 1.1 billion yuan will be used to raise funds. After the completion of the project, it will produce 36 million pieces of curved glass cover with annual production capacity, Bringing annual revenue of 1.8 billion yuan and net profit of 470 million yuan. The project construction period is December. The production capacity is expected to be gradually released within three years after the completion of the project, that is, 70% to 1-3 years after the project is completed and 90% And 100%, the project is currently advancing rapidly.
Institutional investors: the second phase of the company employee stock ownership plan how the progress?
Dongxu Optoelectronic: The second phase of employee stock ownership plan of the Company has completed the fund raising on September 5, 2017. The current three quarterly window period has expired. In the future, the entrusted management agency will choose the appropriate number of shares of the Company to be purchased from the secondary market.
Institutional investors: 8.5 generation high glass substrate production line the current progress of the construction progress? Has achieved operating income?
Dongxu Optoelectronics: the company's first 8.5 generation glass substrate production line back-end line has been put into operation in May 2017 and completed the downstream panel manufacturers product certification, has begun to supply bulk downstream panel customers, the third quarter has been formally Contribute performance, and production capacity is constantly climbing.
Institutional investors: Company glass substrate project where distributed, whether it is the nearest factory?
Dongxu Optoelectronic: Company glass substrate has been put into operation and the proposed construction of a total of 20 production lines, 5 on behalf of line 7, have all been put into operation, located in Shijiazhuang, Hebei and Zhengzhou in Henan Province; 6-generation line to be built 10, all located in Anhui Wuhu, has been put into operation six lines; 8.5 on behalf of the line planning three production lines, located in Fuzhou, Fujian. 6 generations and 8.5 generations of production lines are taken with the panel production line near the principle of building plants, respectively, and BOE Hefei G6 and Fuzhou G8.5 supporting the construction.
Institutional investors: What is the company's current progress in graphene?
Dongxu Optoelectronics: The company is working hard to build a 'high-end materials - graphene-based lithium-ion battery - new energy vehicles' closed loop industrial chain, graphene-based lithium-ion battery has been in the field of scooters, electric vehicles were trial, the company acquired In addition, the company is also promoting the commercialization of mature products such as high-power LED lamp with graphene and electric heating of graphene, etc. The company will be completed in May 2017 The acquisition of Beijing Mingshuo technology, the company mainly produces and sells graphene high-power LED lights, its products have been applied to a number of cities in China, the original shareholders of Schomburg Technology commits to achieve 10.5 million yuan net profit in 2017. In addition, the company graphite Ethylene heating technology to comply with the overall national energy-saving environmental protection requirements, is currently being carried out in Taihu County, Shanxi pilot project.
Institutional Investor: What is the progress of the corporate restructuring project?
Dongxu Optoelectronic: The company received the approval document issued by China Securities Regulatory Commission on October 20, and the business change formalities of Shenlong Bus Co., Ltd. and Xuhong Optoelectronics Co., Ltd. on October 26 have also been completed. The lead underwriter negotiates the issuance date of the part of the raised proceeds and initiates the issuance process.
Institutional investors: Shenlong bus this year can achieve performance commitments?
Dongxu Optoelectronic: Shenlong Bus was established in 2001, deep plowing the bus market for several years, has formed a perfect market channels, rich customer resources, and have strong market development capabilities.Currently, Shen Long has a capacity of 6000 / Year, but subject to financial constraints, capacity did not make full use of; since the second half of this year, all over the bus, travel company purchases year-on-year last year, Shen Long January-August has confirmed revenue and signed a passenger bus contract has exceeded 3200, 300 million full year performance commitment to achieve full grasp.