Throughout the history of the LED industry, technically, lm / w as a measure, LED light efficiency has reached the requirements of replacing traditional light sources, but the main factor that has constrained the rapid spread of LED lighting has been its high cost, but In recent years, with the advancement of technology and the expansion of production scale, LED lighting effects continue to increase, and costs are also declining, thus pushing the LED market into a high-speed growth period. On June 26 this year, Xinhaiyi announced that the company intends to raise the registered capital of Suzhou Xinnajing Optoelectronics Co., Ltd. with a total of RMB 173 million from the rights issue. After the capital increase, the company will hold 92.14 of Xin Najing. Equity; He Runjia Technology subscribed for the registered capital of Xin Najing with a cash of RMB 7.986 million; other shareholders, Nafang Technology, China New Venture Capital and Venture Capital Fund, agreed to abandon this capital increase right. Xin Najing is a holding subsidiary of the company, mainly engaged in LED technology research and development, LED epitaxial wafers, chip production and sales, etc. In 2013, Xin Najing realized a business income of 32,926,600 yuan and a net profit of 869,900 yuan. Xinhaiyi officially entered the field of LED chips in 2011. In cooperation with the Institute of Nanotechnology of the Chinese Academy of Sciences, the company is in the leading position in the technical indicators such as chip luminous efficiency and yield, and the company's relative cost advantage, the products produced have a high cost performance. Received favorable comments from the market, revenue in the first half of 2014 increased by 248. The company plans to invest 470 million yuan to expand LED epitaxial wafers and chip production capacity, forming an annual output of 1.3 million LED epitaxial wafers (calculated by 2-inch epitaxial wafers), LED Efficient lighting chip 21.45 billion. The new generation of flip chip developed by Xin Najing has been successfully put into mass production, and has been well received by customers in the market application. At the same time, Xin Najing is the only manufacturer and competitor in the assembly of substrate epitaxial chip package lamps. Compared with the opponent, the new feature of Xin Najing is that it is the first industrialization incubator project of the Suzhou Institute of Nanotechnology and Nano-Bionics of the Chinese Academy of Sciences (hereinafter referred to as Suzhou Nano-School). The technical team of Xin Najing is from Suzhou. Nano is the leader in LED technology. It has more than 30 core patents in the field of LED related technology. It can independently design LED device structure, epitaxial growth, chip technology, device packaging and LED lamps. From the current layout of Xinhaiyi, the company is confident in the LED lighting industry. Some institutions pointed out that LED products will become the third pillar of the company's revenue.