Recently, Huicuangda announced that its wholly-owned subsidiary Zhuhai Huicuangda won the right to use a piece of land in Fushan Industrial Park in Zhuhai with RMB 23,758,500, which will be used for the construction of the company flexible circuit board, connector, strain gauge, MiniLED and other new-generation electronic information industry innovation base project (Phase II).
In October this year, Huicuangda auctioned the right to use a piece of land located in Fushan Industrial Park, Zhuhai at the price of 19,713,200 yuan, for the construction of miniled and other new-generation electronic information industry innovation base projects (Phase I).
It is reported that Huichuang Da is mainly engaged in light guide structural parts and components, precision key switch structural parts and components business, including light guide film, backlight module, metal film switch and so on.
In terms of backlight module business, Huicuangda is expanding the application of MiniLED backlight products, focusing on the development of applications in vehicle, TV, laptop, tablet, esports, VR and other related fields.
The lot number of Huichuang Da bidding land is 22171/ Zhuzi Fugong 2022-19, the land area is 54,869.59 square meters, and the transfer period is 50 years. According to the document investment indicators, Huichuang Project will be put into operation within 45 months of land delivery, the initial operation period of the project will be 2 years, and the following 3 years will be the formal operation assessment period of the project.
During the initial operation period of the project, Huichuang promises that the average annual output value (or sales) of the project shall not be less than 200 million yuan; The annual output value (or sales) of the project shall not be less than 650 million yuan during the formal operation assessment period.
Huichuang said that the completion of the project is conducive to meet the company business expansion and capacity expansion, enhance the company core competitiveness, in line with the company strategic development planning, in line with the interests of all shareholders and the company. The fund source for the purchase of the right to use state-owned construction land is the company self-raised funds, which will not have a significant impact on the company financial situation.