Sanan Optoelectronics: LED solar two-wheel drive promotes performance
Sanan Optoelectronics' first-year report for the first half of 2010 showed that the company achieved sales revenue of 365 million yuan, a year-on-year increase of 69.18%; net profit attributable to shareholders of listed companies was 202 million yuan, up 257.19% year-on-year; earnings per share were 0.36 yuan, up 56.52% year-on-year. Its three-year average operating income growth rate is as high as 10253.85%, second only to Zhongfu Industrial. It is understood that the reason why the company is very concerned about the A-share market is related to its LED concept. The company is the largest full-color ultra-high brightness LED chip manufacturer in China. With the launch of the additional investment project in Tianjin, the company has a market share of more than 20% in domestic chip companies. Recently, LED products have strong market demand and product prices are stable. In an environment where demand for LED chips has increased significantly, the company has continued to expand its production capacity. Its performance has achieved rapid growth in the first half of 2010, and its leading position in the industry is stable. The gross profit margin increased to 43.5%, during which the expense ratio was stable and decreased. In 2009, the company non-publicly issued 31.5 million shares to raise funds of about 800 million yuan to invest in the construction of Tianjin Sanan LED project. In the first half of this year, it has officially put into production, and its capacity has expanded 1.1 times. At present, 15 devices have entered trial production. In addition, the end of the Wuhu project is expected to achieve 20 sets of equipment into mass production. In terms of the market, the company has actively cooperated with domestic and foreign color TV manufacturers to carry out product certification and enter the huge market of LCD backlights. Chen Zhijian, an analyst at Changjiang Securities, believes that the timing of the company's cut-in is justified. The domestic LED LCD TV penetration is expected to gradually accelerate at the end of this year and reach a climax by the end of next year. In addition to the LED business, Sanan Optoelectronics has begun to deploy solar energy business. The company has established a joint venture with EM-CORE of the United States to establish Sanke Photovoltaic Co., Ltd., mainly engaged in R&D and production of ground high-concentration solar energy application (HCPV) components and system design. With the large-scale implementation of national solar energy industrialization, the future HCPV project is expected to become another growth point for the company. "The LED industry in which the company is located is currently in the golden period of development, and the company is also a leading company in the production of LED chips, so it is logical to enjoy higher growth." Zhang Dafeng, an analyst at Cinda Securities, told reporters. At the same time, he said that he is cautious about watching the company's solar photovoltaic projects. "Although the new energy industry is vulnerable to industrial policies, and the HCPV field itself has the advantages of high scale potential and large cost reduction, the technology and scale progress still exist. Uncertainty." Metal Spraying Accessories,Pump Sprayer,Pressure Sprayer,Agriculture Sprayer Parts Shaoxing Tianlong Tin Materials Co.,Ltd. , http://www.tianlongspray.com