Jucan Optoelectronics 'red and yellow light chips are put into production, injecting new vitality in

Recently, according to news released by Jucan Optoelectronics 'official WeChat, on January 11, Jucan Optoelectronics held a significant ceremony for putting gallium arsenide red and yellow light chips into production and offline. This important moment marks that the Jucan Optoelectronics red and yellow light project has officially entered the mass production stage. It also means that the LED chip market will usher in a China chip company that can provide full-color products.

An annual output of 2.4 million pieces, and the red and yellow light project is fully implemented.

The first phase of Jucan Optoelectronics Red and Yellow Light project can be described as an important strategic layout for the company's development, with a total investment of 1.05 billion yuan. The project has strong production capacity and can produce 2.4 million Mini-Micro micro-pitch LED display chips every year. These chips are mainly targeted at the three promising application markets of large-screen displays, vehicle-mounted displays and micro-pitch displays. It is estimated that when the project reaches full production capacity, the annual new sales will exceed 600 million yuan, and the average annual total profit will also exceed 100 million yuan.
The relevant person in charge of Jucan Optoelectronics said that the extension of the red and yellow light project and the completion and commissioning of the entire chip are an important milestone in the company's development history. This means that Jucan Optoelectronics already has the R & D and mass production capabilities of full-color chip products. Through this breakthrough, the company will further optimize the existing product structure and enhance the supporting supply capabilities of GaN-based blue-green light chips and GaAs-based red-yellow light chips, thereby occupying a more favorable position in the rapidly growing display market such as Mini /Micro LED new displays.
Not only that, Jucan Optoelectronics is also actively strengthening the development and layout of vehicle-mounted front and rear mounted products, and constantly improving the vehicle specification production and quality control system. At present, the company has formed a set of comprehensive solutions covering RGB-mini direct display, flip-chip silver mirror lights, full-scene car backlights, full-color transparent screens, full-color car gauge front installation, low-carbon energy-saving plant lights and infrared security-level chips. The solution is committed to creating full-color energy-saving chips. Relying on the advantages and synergies brought by the production and sales of full-color LED chips, Jucan Optoelectronics expects to carry out more extensive, in-depth and all-round cooperation with upstream and downstream partners.

Development and performance prospects of Jucan Optoelectronics Suqian Company

Jucan Optoelectronics Technology (Suqian) Co., Ltd., as a wholly-owned subsidiary of Jucan Optoelectronics Technology Co., Ltd., has always focused on the production of high-brightness LED epitaxial wafers and chips since its establishment in 2017. Its products are widely used in mid-to-high-end fields such as display, backlight, and lighting. At present, the company has the ability to produce chips as small as 10 microns, and its products cover a wide range of fields, including indoor and outdoor displays, transparent screens, car lights, plant lights, infrared security, Mini displays and Micro micro-pitch displays. In terms of customer cooperation, Jucan Optoelectronics's products have been successfully used in well-known brand mobile phones such as vivo and Xiaomi, large-screen TVs such as Hisense and Skyworth, and new energy vehicle brands such as Geely, Xiaomi, and Chery.
Just last week, Jucan Optoelectronics Technology Co., Ltd. disclosed its 2024 annual results forecast. The forecast shows that the company's net profit attributable to the parent company is expected to be between 195 million yuan and 215 million yuan, a year-on-year increase of 60.95% - 77.46%; the net profit deducted from non-profit is expected to be approximately 185 million yuan to 205 million yuan, a year-on-year increase of 52.18% - 68.63%. This growth in performance is mainly due to the gradual recovery of market demand for commercial activities, cultural tourism, large-scale commercial performances and sports events, which provides strong support for the company's development.