Construction progress and prospects of Yongsheng Optoelectronics Mini LED project

According to the news released by Jingjiang on April 4, the Mini LED display backlight and screen project that Yongsheng Optoelectronics is participating in is currently carrying out intensive construction of the main project. According to the project plan, it is expected that the main body of the project will be successfully capped by June.
Yongsheng Optoelectronics has laid out the Mini LED display backlight and screen project to build specifications and benchmark the industry's top level of automation, and strives to create an organized production workshop with constant temperature and humidity.
永盛光电布局的 Mini LED 显示背光源、屏体项目，建设规格对标行业自动化程度的顶尖水准，全力打造恒温恒湿的组立生产车间。After the expected production capacity in the first phase of the project is reached, it is estimated that 6 million Mini LED backlights will be produced every year, while the annual output of traditional LED backlights will reach 15 million.
据悉，永盛光电的 Mini LED 显示背光源、屏体及铝镁合金压铸件产业化项目，总投资规模高达 35 亿元，该项目成功入选 2024 年江苏省重大项目行列。The project plans to purchase 1108 units/set of the most advanced production and auxiliary equipment in the industry. By the time the project reaches full production capacity, it is estimated that 6 million Mini LED backlights and 15 million traditional LED backlights can be produced every year. In addition, 15000 tons of magnesium alloy die castings and 5000 tons of aluminum alloy die castings can be produced. By then, the project is expected to achieve an annual new invoiced sales of 4.5 billion yuan.

Judging from the project construction progress, the project will officially break ground in March 2024. It is expected that the capping of the main structure will be completed in June 2025, and mass production will be officially achieved in the first quarter of 2026. Yongsheng Optoelectronics was established in 2005. It is a company focusing on the production of backlights. Its core product is LED backlights. Its products cover multiple series such as automotive backlights, consumer goods backlights, and medical industrial control backlights. Relying on excellent product quality and technical strength, Yongsheng Optoelectronics has built close cooperation ties with well-known electronics manufacturers such as Bosch, Sharp, JDI, and Tianma, and has successfully joined the supply chain system of Mercedes-Benz, BMW, Volkswagen, Jaguar, Land Rover, Toyota, Ford and other well-known automobile brands.
根据 "靖江发布" 在 2025 年 1 月披露的信息，截至 2023 年，永盛光电生产的车载背光源在全球市场中的份额占比已超过 20%。At the same time, its carefully built ultra-thin, high-brightness, narrow-frame backlight has been widely and effectively used in VR electronic glasses products of brands such as META and TikTok, with a market share of as high as 80%.