[High-tech LED Industry Research Institute] On December 27th, ST Ganhua (000576.SZ) announced that it will jointly invest in Hubei Deli Paper Co., Ltd. (hereinafter referred to as Deli Paper). ), construction of forestry pulp and paper integrated production projects. ST Ganhua intends to invest RMB 70 million from its own funds, accounting for 70% of the total share capital of Deli Paper. Chibi Chenming intends to contribute RMB 30 million in cash, accounting for 30% of the total share capital of Deli Paper.
Just before this, ST Ganhua has announced that the company's production area pulp and paper production system is scheduled to stop production before December 31, 2011. This move is considered to be the way for the company to make a "three old" renovation project in Jiangmen City.
Before Delixi took over the company, Jiangmen Asset Management Bureau had thrown quite attractive conditions: If the implementation of the “three olds†transformation of ST Ganhua headquarters, the transferee (ST Ganhua) will follow Jiangmen City. Three old "reform policy" to compensate. Not only that, Jiangmen Asset Management Bureau also firmly stated that the above-mentioned "three old" transformation compensation will not be reduced or cancelled due to changes in national or local policies.
Obviously, Delixi’s “hidden income†in the restructuring of ST Gansu is becoming a reality step by step. Whether it is the low-value transfer of state-owned assets previously exposed by the media, the government's disguised financial support or the policy tilt, Jiangmen Asset Management Bureau is willing to attract such a large-scale move to attract Delixi's joining, or let investors understand.
Government "set up" LED
According to the reporter, Ganhua was once the pride of Jiangmen's business community. As a key project of the 11th Five-Year Plan, Ganhua was once the country's largest sugarcane comprehensive utilization base, and successfully landed in the capital market in 1994.
However, since 2007, ST Ganhua has not been listed by the provincial environmental protection department for many times due to the environmental pressure of the main industry pulp and paper, and it is on the verge of delisting due to years of operating pressure losses. Previously, many companies including Guangdong Jiangfen Magnetic Materials and Guangye Company of the Guangdong State-owned Assets Supervision and Administration Commission entered the reorganization of Jiangmen SASAC, and finally they all lost the following.
Since 2010, Jiangmen City has accelerated the cultivation and development of the LED industry as an important aspect of adjusting the industrial structure and transforming the economic development mode. The reporter learned that the rapid development of the LED industry in recent years has benefited from the strong support of local governments.
In 2010, the Jiangmen Municipal Government also introduced a preferential policy with very high gold content to encourage enterprises to introduce MOCVD equipment. At the same time, it also launched a series of preferential policies, including packaging for the middle reaches and downstream applications, such as brand building, plant construction, factory rent, etc. Subsidies are subsidized in many ways.
According to the data, the Delixi Group, established in 1991, is mainly engaged in the production of high, medium and low voltage electrical appliances, transmission and distribution electrical and industrial automation control electrical, and is engaged in integrated logistics, transportation, mineral energy, environmental protection engineering, renewable resources, PE investment and other industries.
In 2009, due to the hot investment period of the domestic LED industry, Delixi Group and Longfei Group jointly invested 100 million yuan to establish Shanghai Boen WorldCom Optoelectronics Co., Ltd., which mainly produces high-brightness LED epitaxial wafers and chips. In January 2011, Delixi Group and Shengqi Optoelectronic System Technology Co., Ltd. and Zhejiang Qiaoxin Electric Co., Ltd. established China Delixi Holding Group Shengqi Energy Technology Co., Ltd. According to the plan, the factory was built in Jiaxing, Zhejiang Province. In the initial stage, the company mainly produced Led Lighting products. The first phase plans to invest about 30 million yuan to build the first production line.
"The LED industry has always been the key industry supported by Jiangmen. The MOCVD financial subsidy for a LED epitaxial wafer production equipment is around 10 million yuan; and Delixi intends to develop the LED industry, which is the basis for cooperation between the two parties." People believe that Delixi has obtained shell resources, while Jiangmen City has expanded the scale of the LED industry, which is a win-win situation for both.
Recently, Ren Anliang, deputy director of the Jiangmen City Economic and Trade Bureau, made a clear statement: "Jiangmen's subsidy preferential policies will not be cancelled, including the subsidies of 10 million to 12 million per unit of MOCVD, at least until June next year."
In addition, Ren Anliang also revealed that the investigation team composed of the main leaders of the municipal party committee in the first part of this month has completed an in-depth investigation and study of the LED industry in Taiwan. "At present, we have set the tone of 'continue to increase efforts to support the LED industry." The future support for the LED industry in Jiangmen may be adjusted in the direction, but the intensity will not be reduced.
According to the reporter, the three banks recently reached a huge financing framework agreement with the Jiangmen LED Industry Association. According to the agreement, the three banks, including Agricultural Bank of China, China Everbright Bank and Postal Savings Bank, will provide 18 billion yuan of financing loans to Jiangmen LED industry in the next three years.
However, with the end of the “honeymoon period†of policy support for the industry, local policy support began to withdraw, and this year Yangzhou stopped the large subsidy for the introduction of MOCVD equipment by LED companies. Obviously, the Jiangmen City Government does not want to step on the brakes in the middle of the road, and is still trying every means to use various resources to set up LEDs.
Just before this, ST Ganhua has announced that the company's production area pulp and paper production system is scheduled to stop production before December 31, 2011. This move is considered to be the way for the company to make a "three old" renovation project in Jiangmen City.
Before Delixi took over the company, Jiangmen Asset Management Bureau had thrown quite attractive conditions: If the implementation of the “three olds†transformation of ST Ganhua headquarters, the transferee (ST Ganhua) will follow Jiangmen City. Three old "reform policy" to compensate. Not only that, Jiangmen Asset Management Bureau also firmly stated that the above-mentioned "three old" transformation compensation will not be reduced or cancelled due to changes in national or local policies.
Obviously, Delixi’s “hidden income†in the restructuring of ST Gansu is becoming a reality step by step. Whether it is the low-value transfer of state-owned assets previously exposed by the media, the government's disguised financial support or the policy tilt, Jiangmen Asset Management Bureau is willing to attract such a large-scale move to attract Delixi's joining, or let investors understand.
Government "set up" LED
According to the reporter, Ganhua was once the pride of Jiangmen's business community. As a key project of the 11th Five-Year Plan, Ganhua was once the country's largest sugarcane comprehensive utilization base, and successfully landed in the capital market in 1994.
However, since 2007, ST Ganhua has not been listed by the provincial environmental protection department for many times due to the environmental pressure of the main industry pulp and paper, and it is on the verge of delisting due to years of operating pressure losses. Previously, many companies including Guangdong Jiangfen Magnetic Materials and Guangye Company of the Guangdong State-owned Assets Supervision and Administration Commission entered the reorganization of Jiangmen SASAC, and finally they all lost the following.
Since 2010, Jiangmen City has accelerated the cultivation and development of the LED industry as an important aspect of adjusting the industrial structure and transforming the economic development mode. The reporter learned that the rapid development of the LED industry in recent years has benefited from the strong support of local governments.
In 2010, the Jiangmen Municipal Government also introduced a preferential policy with very high gold content to encourage enterprises to introduce MOCVD equipment. At the same time, it also launched a series of preferential policies, including packaging for the middle reaches and downstream applications, such as brand building, plant construction, factory rent, etc. Subsidies are subsidized in many ways.
According to the data, the Delixi Group, established in 1991, is mainly engaged in the production of high, medium and low voltage electrical appliances, transmission and distribution electrical and industrial automation control electrical, and is engaged in integrated logistics, transportation, mineral energy, environmental protection engineering, renewable resources, PE investment and other industries.
In 2009, due to the hot investment period of the domestic LED industry, Delixi Group and Longfei Group jointly invested 100 million yuan to establish Shanghai Boen WorldCom Optoelectronics Co., Ltd., which mainly produces high-brightness LED epitaxial wafers and chips. In January 2011, Delixi Group and Shengqi Optoelectronic System Technology Co., Ltd. and Zhejiang Qiaoxin Electric Co., Ltd. established China Delixi Holding Group Shengqi Energy Technology Co., Ltd. According to the plan, the factory was built in Jiaxing, Zhejiang Province. In the initial stage, the company mainly produced Led Lighting products. The first phase plans to invest about 30 million yuan to build the first production line.
"The LED industry has always been the key industry supported by Jiangmen. The MOCVD financial subsidy for a LED epitaxial wafer production equipment is around 10 million yuan; and Delixi intends to develop the LED industry, which is the basis for cooperation between the two parties." People believe that Delixi has obtained shell resources, while Jiangmen City has expanded the scale of the LED industry, which is a win-win situation for both.
Recently, Ren Anliang, deputy director of the Jiangmen City Economic and Trade Bureau, made a clear statement: "Jiangmen's subsidy preferential policies will not be cancelled, including the subsidies of 10 million to 12 million per unit of MOCVD, at least until June next year."
In addition, Ren Anliang also revealed that the investigation team composed of the main leaders of the municipal party committee in the first part of this month has completed an in-depth investigation and study of the LED industry in Taiwan. "At present, we have set the tone of 'continue to increase efforts to support the LED industry." The future support for the LED industry in Jiangmen may be adjusted in the direction, but the intensity will not be reduced.
According to the reporter, the three banks recently reached a huge financing framework agreement with the Jiangmen LED Industry Association. According to the agreement, the three banks, including Agricultural Bank of China, China Everbright Bank and Postal Savings Bank, will provide 18 billion yuan of financing loans to Jiangmen LED industry in the next three years.
However, with the end of the “honeymoon period†of policy support for the industry, local policy support began to withdraw, and this year Yangzhou stopped the large subsidy for the introduction of MOCVD equipment by LED companies. Obviously, the Jiangmen City Government does not want to step on the brakes in the middle of the road, and is still trying every means to use various resources to set up LEDs.
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