Fan Banghong, chairman of Zhenmingli Group, said that in 2010, Ming Mingli’s revenue and profit will challenge HK$1.6 billion. The annual revenue growth rate will exceed 20%, and the profit growth will exceed the revenue growth.
Fan Banghong said that due to the lack of production capacity of the company itself, although many TV operators took the initiative to contact Zhen Mingli, there is currently no room for backlight supply, so it is not considered to enter the backlight.
Fan Banghong pointed out that Zhen Mingli currently owns 7 MOCVD equipments, which is expected to increase to 20 units by the end of the year. In 2011, it plans to raise 100 million US dollars to add 30 MOCVD machines. It is estimated that the total number of Zhen Mingli machines will reach 100 units in the next three years.
After the new equipment capacity is in place, Zhen Mingli expects SMD LED packaging capacity will increase to 200 million per month by the end of 2010, and will increase to 1 billion next year.
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