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According to the announcement, the estimated total investment of the project is 380 million yuan. After the first phase of production, the annual output value will be 350 million yuan and the net profit will be 35.59 million yuan. After the second phase is completed and put into production, the annual output value will be 1 billion yuan. The first phase was completed and put into production in 2014, and all investments including the second phase were completed in 2018.
Tuobang said that the company's high-efficiency lighting products, especially LEDs and electrodeless lamps, have developed rapidly in recent years, and the existing production sites and production capacity have become increasingly saturated. Through this investment project, the company's production capacity can be expanded to support the company's expansion of the market for high-efficiency lighting products.
Tuobang said that after signing the agreement with the regional management committee and taking effect, the investment project will be implemented in the form of a wholly-owned subsidiary with its own funds and bank loans. 
[High-tech LED News] Shenzhen Topband Co., Ltd. (002139) recently announced that the company intends to invest in the construction of Tuobang Optoelectronics Industrial Park in Dongjiang High-tech Industrial Park of Zhongkai High-tech Zone in Huizhou. The main business includes high-efficiency lighting products such as LED and induction lamps. Development and production, sales and sales of various electronic intelligent controllers and their terminal products.