An optoelectronic semi annual report shows strong growth in future

In August 17th, three optical released the first half of 2010, during the reporting period, Sanan optoelectronics revenue 360 million yuan, total profit of 250 million yuan, net profit of 202 million yuan. Compared with the same period last year, sales revenue increased by 69.18%, total profit increased by 287.78%, net profit attributable to shareholders of listed companies increased by 257.19%. (Figure 1, 2) also due to the market demand of LED products is strong, the rapid expansion of the size of an optoelectronic capacity, some product prices, the main business to further enhance the profitability of the first quarter, at the same time the company received 127 million yuan subsidy payments, resulting in net profit of the company in mid 2010 than the same period last year grew by a large margin. Main business industry, product form

Main business areas

Due to the specific object of the company's 2009 annual non-public offering of 31 million 500 thousand shares to raise funds of nearly 800 million yuan investment in new LED industrialization project of Tianjin Sanan optoelectronics Co. ltd.. Tianjin LED industrial project has been put into production in June 24, 2010, an annual production capacity of 850 thousand pieces of 20 billion grains of epitaxial wafer and chip production. Compared to the company's annual production capacity of 500 thousand epitaxial wafers and the production capacity of 18 billion chips, the company has more than doubled production capacity. In addition, in early 2010, the company signed an agreement with Anhui Province, Wuhu City, decided to build investment LED industry base in Wuhu economic and Technological Development Zone agreement, the total investment of about 12 billion yuan (an investment of 6 billion yuan), the acquisition of the world's advanced level of MOCVD equipment 200. After the completion of the project in Wuhu and postpartum, will form an annual output of ultra-high brightness LED red yellow green blue epitaxial film 5 million 300 thousand, chip production capacity of 117 billion. At present, the first phase of the extension, the core equipment of the factory building is basically completed, the company has ordered 107 MOCVD, 486 sets of MS100 sorting machine, is expected in September after the equipment will arrive. And the market, according to media reports, the company has actively cooperate with domestic and foreign color TV manufacturers, product certification, in order to enter the LCD backlight huge market supply chain, this time can be said to be the right time. According to the research institute predicted that the domestic LED LCD TV penetration is expected to enter the rapid growth period at the end of this year, the penetration rate of up to 25% by the end of next year to reach a climax, penetration is expected to reach 33.8%. The introduction of the national energy consumption standards for flat-panel TVs will also stimulate the domestic LCD TV companies to actively promote the process of popularization of LED LCD tv. As the country's largest, most powerful LED chip technology companies, it is possible to obtain considerable development in the field of LCD backlight. In addition, the company with the Wuhu municipal housing and Urban Rural Construction Committee signed a 6 hundred million high-power LED street light contract, the annual sales of LED street lights in 2 hundred million years. The contract is conducive to the further development of the company in the LED application products, especially high-power lighting market, the product is also expected to further enhance the proportion of. At the same time the company and Chery automobile Limited by Share Ltd joint venture company in Wuhu economic and Technological Development Zone, three optical total share capital of 51%, engaged in LED packaging, application, design, automotive lighting and various other applications of related parts and other products of the production, sales, service and other services. Is expected in the future with the gradual implementation of 600 million yuan Wuhu street lights contract and Wuhu Rui photoelectric Co., Ltd. automotive lighting products, the company's LED application products will continue to grow rapidly. From the gross profit margin, gross margin reached 41.75% chip, and the application of product because of market expansion under gross margin decreased to a certain degree, but still reached 41%, the company is increasing its efforts into the downstream application field, the integration of strategic intent gradually clear.