Songsheng shares disclosed on the investor interaction platform that the company's high-power LED smart drive power production base construction project is currently under normal construction as planned and is expected to be completed in July 2022.

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According to Songsheng shares, the fundraising project is located in Lianfeng Community, Xiaolan Town, Zhongshan City, Guangdong Province, with a total land area of approximately 20,000 square meters and a construction area of approximately 70,000 square meters. The project will build 10 new automated high-power LED drive power supply production lines, and will add 12.15 million high-power LED drive power production lines per year after completion.

In addition, Songsheng shares also disclosed the status of orders in overseas markets. At present, Songsheng's income is mainly domestic. In recent years, the company's domestic income has accounted for more than 90% of the total income. A small number of products are sold to overseas regions such as India, Vietnam, the United States, and Colombia.

Songsheng shares said that after the company's domestic customers purchase the company's LED drive power supply, a larger part of its further LED lighting products are for export, and its end markets are mainly developed countries and regions in Europe and the United States. (source: by LEDinside)