Sanan Optoelectronics continued to perform well. Last year, sales revenue increased by 83.42% year-on-year, and net profit increased by 132.73% year-on-year. This was mainly due to the high LED industry boom and the significant increase in LED product sales revenue.
The company's revenue from chip sales last year was 591 million yuan, up 30% year-on-year, of which chip sales in the second half of the year were 347 million yuan, up 41.6% from the first half. The main reason for the increase in chip revenue is the gradual release of new capacity. The Tianjin Sanan LED industrialization project was put into operation at the end of June 2010. The production capacity has been released since the second half of the year. It is expected that the capacity utilization rate will still climb. It is believed that this year will reach normal. Level, bringing further increase in chip revenue. Last year, the company's chip gross margin was 46.26%, an increase of 4.51 percentage points over the previous year. The gross profit margin of the chip business in the second half of the year was 49.47%, an increase of 7.72 percentage points over the first half of the year. There may be two reasons for the sharp increase in the gross profit margin of the company's chips. First, the LED chip was in a tight supply and demand situation last year, and the company's bargaining power was strong. Second, the scale effect began to appear after the new capacity was gradually released in the second half of the year.
At present, the performance of the company's fundraising projects has begun to be released, and the layout of the three major bases has been basically completed. The Tianjin fundraising project was put into production and produced benefits. The company's MOCVD number increased to 37 units. Wuhu Optoelectronics Industrialization (Phase I) project will introduce 107 MOCVD equipment. At present, 48 units have arrived, 38 units have been installed, and 15 units are being trial-produced, which will gradually release production capacity. The company has formed three production bases in Fujian (Xiamen), Tianjin, Anhui (Wuhu, Huainan), and its production capacity has doubled, and its revenue and profits will increase substantially.
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