Australia Shunchang 2015 net profit of over 240 million, LED accounted for about 47%

Australia Shunchang February 23rd evening released 2015 annual report, the company in the consolidated financial statements within the total revenue of 1 billion 661 million 90 thousand and 600 yuan, an increase of 4.48%; operating profit 256 million 939 thousand and 100 yuan, an increase of 15.06%; attributable to owners of the parent company net profit of 241 million 435 thousand and 400 yuan, an increase of 41.40% over last year; attributable to shareholders of the listed company after deducting non recurring gains and losses net profit of 171 million 527 thousand and 100 yuan, representing a growth of 14.83%.

During the reporting period, the company LED epitaxial wafer and chip manufacturing is in good condition, the product performance, quality and yield conditions remain good, the equipment is in full production status. At the same time, in view of the overall industry condition and the effect of convertible bond issuing time is slower than expected, LED wafer and chip industrialization projects (two) projects slower than expected, the plant has been built, however, has not been put into the external equipment, the two phase of the project in the PSS (graphical Blaupunkt Shi Chendi) production line has been put into operation.

During the reporting period, LED business operating income of 367 million yuan, attributable to shareholders of listed companies net profit of $113 million, accounting for the proportion of net profit of listed companies is about 47%. The company is currently engaged in the semiconductor business mainly for the production of LED epitaxial wafer and chip, the final sale of products for a variety of LED chips, used in the field of semiconductor lighting. LED chip sales customers for the downstream LED packaging enterprises, its performance is mainly affected by raw material prices and market supply and demand changes in the price of the sales situation.

The report said that in 2015, the LED chip industry capacity expansion, industry competition, in addition to the Chinese decline in economic growth and weak demand in the US and Europe, chip prices decreased greatly, produced certain adverse effects on the production and operation of the company.

Report also said that in addition to the existing semiconductor business, LED 2015, the company in accordance with the development plan, the industry of power devices are studied for long time, finally decided to implement the integrated circuit chip project, the construction of a 8 inch chip production line investment, bigger and stronger semiconductor business.

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