On July 18, Yiguang held a board meeting and decided to cancel the investment approved by the board of directors on March 22 to establish Yiguang Solid State Lighting (China) Co., Ltd. At the same time, it is scheduled to issue a dividend of 2.5 yuan per share on the August 15th ex-dividend, and dividends will be issued on September 14.
Yiguang explained that Yiguang has a subsidiary in Shanghai, Yiliang, which is responsible for selling LED related parts. In order to avoid duplication of operations, the company decided to cancel the investment to establish Yiguang Solid State Lighting (China) Co., Ltd. and renamed Shanghai Yiliang Company as Yiguang Solid State Lighting (China) Co., Ltd.
Looking forward to the third quarter, Yiguang said that the current order visibility is still maintained at the level of one month, compared with the second quarter, "not too bad." The second quarter of Yiguang's utilization rate has increased from 60%-70% in the first quarter to 80%. It is expected that the third quarter will be driven by the demand for lighting.
Yiguang explained that Yiguang has a subsidiary in Shanghai, Yiliang, which is responsible for selling LED related parts. In order to avoid duplication of operations, the company decided to cancel the investment to establish Yiguang Solid State Lighting (China) Co., Ltd. and renamed Shanghai Yiliang Company as Yiguang Solid State Lighting (China) Co., Ltd.
Looking forward to the third quarter, Yiguang said that the current order visibility is still maintained at the level of one month, compared with the second quarter, "not too bad." The second quarter of Yiguang's utilization rate has increased from 60%-70% in the first quarter to 80%. It is expected that the third quarter will be driven by the demand for lighting.
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