Sanan Optoelectronics teamed up with Guowang Subsidiary to sign a 500 million yuan LED cooperation agreement

Following the signing of the "LED Application Product Cooperation Agreement" with Fujian Anxin Energy on March 21, Sanan Optoelectronics (600703) once again won the contract for LED lighting products. The company plans to cooperate with Beijing Nanrui Zhixin Microelectronics Technology Co., Ltd. (hereinafter referred to as Beijing NARI) strategic cooperation, the amount of efforts is not less than 500 million.

Some insiders analyzed that Sanan Optoelectronics has released LED major business contracts for many times. In addition to showing the smooth development of downstream business, more significance is that the pre-protection price of 21.8 yuan will not be broken.

The amount of cooperation strives to reach 500 million yuan

Sanan Optoelectronics announced another major contract announcement today. The company and Beijing Nanrui signed the "Strategic Cooperation Agreement on LED Energy Savings", and the two parties will cooperate in LED energy-saving lighting and related applications. The two sides will cooperate mainly in LED products; LED application market development; development and promotion of LED product related standards. The two parties will jointly design LED products and entrust the company to process, and at the same time cooperate in the development of LED product patents.

The two parties will also share market information, carry out LED energy-saving lighting projects in the national grid and other related fields, and cooperate in LED chips, packaging and application products, and strive to have a total contract amount of not less than 500 million yuan. year.

"Daily Economic News" reporter noted that the above-mentioned partner Beijing Nanrui is a subsidiary of the State Grid Corporation. In this cooperation agreement, Beijing Nanrui is responsible for connecting with relevant institutions of the State Grid and affiliated enterprises to ensure the smooth cooperation projects. And Sanan Optoelectronics needs to give priority to Beijing Nanrui's scheduling and stocking in the case of not lower than the lowest price of the same product market, and timely meet its procurement needs and project progress.

Intensive orders or in order to increase the price

The above contract value of 500 million yuan accounts for about 15% of Sanan Optoelectronics' 2012 LED operating revenue. The company said that the current application penetration of the LED industry is accelerating, especially the penetration rate of LED lighting products is faster.

Sanan Optoelectronics said that increasing the integrated layout of the LED industry chain is one of the company's development strategies. This cooperation has far-reaching significance and is conducive to improving the market share of the company's LED products in the application field.

This is already the third major contract of Sanan Optoelectronics in recent days. Announced on March 19, the "Strategic Cooperation Agreement" was signed with Jufei Optoelectronics (300303, closing price of 22.21 yuan). The agreement stipulates that the cooperation period is three years. From March 2014 to March 2015, Jufei Optoelectronics purchased LED chips from the company for an amount of about 200 million yuan. On March 21, the company announced the contract with Fujian Anxin for energy management. Ltd. signed a cooperation agreement for LED application products. In the next five years, Anxin Energy will temporarily purchase 1 billion LED lighting products from the company.

"Intensive order announcements not only show the smooth expansion of the company's downstream products, but also to protect the previous fixed price increase." Some institutional sources told the "Daily Economic News" reporter, on January 28, Sanan Optoelectronics to 21.8 yuan The price has completed the private placement, but the recent market is not good. The secondary market price is always near the price increase. Although the company has a one-year time to lift the ban, if the price breaks the price, the company will also have greater pressure. As of the close of March 28, Sanan Optoelectronics closed at 22.58 yuan.


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