On June 27th, Xinjing Diamond held the first general meeting of shareholders after the merger. Hon Hai Group's Hongyang Venture Capital entered the board of directors for the first time, and obtained a director with the third highest ticket. Hon Hai Group also took the LED upstream expansion.
Xinjing Diamond said that the addition of Hon Hai will enhance its combat effectiveness. In the future, it will strive to upgrade the high-brightness and high-margin PSS sapphire substrate to match the vast seaport of Hon Hai Group. The company will also coordinate with Hon Hai to upgrade the sapphire substrate in Taiwan. The market share of the factory.
The original production capacity of Xinjing Diamond is fully loaded, and it will increase its production capacity by 33% in July. The proportion of patterned sapphire (PSS) substrate has moved from 30% in the first quarter to 40%. After Hon Hai enters, the demand for high-brightness PSS will increase significantly in the second half of the year. In addition, Xinjing Diamond has actively deployed in the Mainland and has established a factory in Zhangjiagang. It is expected that the plant will be completed in 2013 and the mass production will be based on the Group's demand.
Xinjing Diamond is committed to diversifying the application of sapphire substrates, and said that it has received orders for the lens cover glass of the first-line manufacturers of US-based smart phones, and will start shipping in the second half of the year. Benefiting from the demand of the two major seaport iPhone 5 and high-brightness backlights, Xinjing Diamond said that the third quarter will be better than the second quarter revenue performance, and will be treated in the second half of the year.
Xinjing Diamond said that the addition of Hon Hai will enhance its combat effectiveness. In the future, it will strive to upgrade the high-brightness and high-margin PSS sapphire substrate to match the vast seaport of Hon Hai Group. The company will also coordinate with Hon Hai to upgrade the sapphire substrate in Taiwan. The market share of the factory.
The original production capacity of Xinjing Diamond is fully loaded, and it will increase its production capacity by 33% in July. The proportion of patterned sapphire (PSS) substrate has moved from 30% in the first quarter to 40%. After Hon Hai enters, the demand for high-brightness PSS will increase significantly in the second half of the year. In addition, Xinjing Diamond has actively deployed in the Mainland and has established a factory in Zhangjiagang. It is expected that the plant will be completed in 2013 and the mass production will be based on the Group's demand.
Xinjing Diamond is committed to diversifying the application of sapphire substrates, and said that it has received orders for the lens cover glass of the first-line manufacturers of US-based smart phones, and will start shipping in the second half of the year. Benefiting from the demand of the two major seaport iPhone 5 and high-brightness backlights, Xinjing Diamond said that the third quarter will be better than the second quarter revenue performance, and will be treated in the second half of the year.
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