LIAN optoelectronics: a bright future for the LED industry

LIAN photoelectric (600363) released 2005 annual report, earnings per share 0.13 yuan, the main business income of 1 billion 223 million yuan, an increase of 6.64%; net profit of 32 million 320 thousand yuan, down 15%. 10 to send 0.50 yuan (including tax). Comments: Although the performance is not good, but LIAN photoelectric in the annual report to us to describe a very bright future, the story of a LED industry, the story of the semiconductor lighting industry. The company said: with the maturity of technology, with the further decline in costs, LED into the general lighting applications just around the corner, is expected in 2008, LED market sales will reach $5 billion 600 million. In China, with the implementation of the energy saving policy in 11th Five-Year, the semiconductor lighting industry with the advantages of green environmental protection will usher in a bright future. As one of the five largest semiconductor lighting industry base, LIAN photoelectric are the most prominent in many LED production enterprises in the advantage is: it has by far the most complete industrial chain (from LED epitaxial wafers, chips, devices to application products). Of course, the weakness is that the company has a high-end LED product manufacturing technology is still relatively backward, and the profitability of low-end products is very low, especially the production of blue epitaxial film, the loss is still more.