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LED factory Weitian sells cabinets for 25 yuan, supported by rich dad Jingdian

Weitian Technology, the LED factory that owns Epistar Rich Dad, listed on the OTC on the 24th at a price of 25 yuan (NT$, the same below) per share. It will be listed on the OTC in the third quarter of next year at the earliest, and a pre-incorporation legal meeting is scheduled to be held on the 23rd. The company's operating profit in the first eight months of the year set a new record and exceeded the whole year. The net profit after tax was 40.07 million yuan and the earnings per share was 0.87 yuan.
Weitian was established in 2004 with a current share capital of 460 million yuan. The company is an LED packaging factory specializing in high-power LED chip packaging and modules. Its products are mainly used in the lighting market such as mobile lighting, entertainment lighting, architectural lighting, commercial lighting and household lighting. Among them, high-power LED chip revenue accounts for up to 88.89%, and the module part accounts for 10.41%.
 
Taiwan's LED industry is fully developed. Domestic players have invested in upstream epitaxial wafers, midstream wafers, and downstream packaging. Generally speaking, LED packaging components can be divided into three types: high, medium, and low power. Weitian's technology level is high-power LED packaging, and its products are mainly used in the LED lighting market.
In August 2012, Weitian introduced strategic partner Jingdian through a private equity capital increase to enter the supply chain of large international chain channels. This private equity investment increased 8,000 shares at 17.5 yuan per share, making Weitian the largest legal shareholder. After the capital increase, the share capital expanded to 460 million yuan.
Weitian’s revenue in 2013 was 627 million yuan, with a gross profit margin of 21.88%, an after-tax net profit of 32.92 million yuan, and an earnings per share of 0.72 yuan; in 2014, at Rich Dad Epistar With the support, the revenue in the first eight months of the year was 717 million yuan, the gross profit margin was 18.28%, the after-tax net profit was 40.07 million yuan, and the earnings per share was 0.87 yuan. The operating profit has exceeded last year's overall profit, and has set a new record high in history.
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