Azure(SZ:002245)2022-12-07 08:56Group 1: Company Overview - Jiangsu Aoyang Shunchang Co., Ltd. is involved in metal logistics and LED business [2][3] - The company has established production bases in Zhangjiagang, Dongguan, and Shanghai, primarily serving the Yangtze River Delta and Pearl River Delta regions [2][3] Group 2: Metal Logistics Business - The logistics business is characterized by high material utilization rates and efficient internal management, leading to significant net profits [3] - The logistics operations are stable, with a focus on contract logistics in Shanghai [3] Group 3: LED Business Performance - The LED segment is experiencing rapid growth, with an annual capacity of approximately 200,000 pieces of wafers and chips (equivalent to 2-inch wafers) [3] - Product performance, quality, and yield meet or exceed design requirements, with low inventory levels [3] Group 4: Future Projects and Developments - The second phase of the project is currently under construction, with partial production expected in the second half of the year, while the main capacity contribution will be in the following year [3] - The company is actively seeking transformation in its small loan business, collaborating with Peifeng Financial Group and Jiangsu Jinong Co., Ltd. to establish Jiangsu's first micro-loan institution [3] Group 5: Financial Instruments - The company has updated its annual report data and supplementary materials in response to feedback from the China Securities Regulatory Commission regarding its convertible bonds [3][4]