On December 9th, Refond Optoelectronics announced that its wholly-owned subsidiary, Hubei Ruihua Optoelectronics Co., Ltd. (hereinafter referred to as “Hubei Ruihua“), has recently received a government subsidy in the form of a loan interest subsidy amounting to $121,000 USD, issued by the Ezhou Gedian Development Zone local finance department. The amount represents more than 10% of the audited net profit attributable to the shareholders of the listed company for the most recent fiscal year, with an absolute value exceeding $13,800 USD.
Refond Optoelectronics emphasized that the data has not yet been audited, and the specific accounting treatment and its impact on the company’s financial data will be confirmed after the audit by a certified public accountant.
Company Overview
According to the announcement, Refond Optoelectronics is primarily engaged in LED packaging technology research and development, as well as the manufacturing and sales of LED packaging products. The company provides integrated LED light source solutions, including LED packaging process design, optical design, driver design, heat dissipation design, LED device packaging, technical services, and standard light source module integration.
Product Categories and Market Focus
The company’s major product categories include LED products and electronic paper products, with LED products further divided into lighting LEDs, backlight LEDs, and display LEDs. The contribution of display LEDs to the company’s performance has been steadily increasing, while the lighting LED segment focuses more on high-margin markets.
Hubei Ruihua‘s Role and Expansion Projects
Hubei Ruihua, established on April 2, 2021, is a wholly-owned subsidiary of Refond Optoelectronics. It is located in the Ezhou Gedian Development Zone of Hubei Province, and its primary business activities include the manufacturing and sales of optoelectronic devices, electronic components, and semiconductor lighting devices.
Hubei Ruihua serves as an important production base for Refond Optoelectronics in Hubei, mainly focusing on projects such as full-color LED packaging expansion, Mini LED backlight packaging production, and the Micro LED technology R&D center project.
Disclaimer: The views and opinions expressed in this article are those of the original authors and do not necessarily reflect the official policy or position of MiniMicroLED Insights . While we strive to ensure the accuracy and reliability of the information provided, the content on this website may include translations, re-edited versions of second-hand information, or information derived from unverifiable sources. MiniMicroLED Insights makes no representations or warranties, express or implied, regarding the completeness, accuracy, or timeliness of such content. The information in this article is for informational purposes only and should not be construed as professional advice. Any reliance you place on such information is strictly at your own risk. To the fullest extent permitted by law, MiniMicroLED Insights disclaims all liability for any direct, indirect, incidental, consequential, or punitive damages arising out of your use of, or reliance on, the information contained in this article.
Copyright Notice: This article may include translated and re-edited content derived from various online sources, including websites and social media platforms. While we strive to credit the original authors and sources to the best of our ability, we may not always be able to verify the original source of the content. All rights to the original content remain with the original author or source publication. Where applicable, this content is reproduced for educational and informational purposes under the fair use doctrine. If you believe any content on this site infringes upon your intellectual property rights, or if you are the copyright owner and believe we have not credited you correctly, please contact us at minimicroled.business@gmail.com. We will investigate and take corrective action, including removing or properly crediting the content if necessary.
Content sourced and adapted by MiniMicroLED Insights (Doris).