Sanan Optoelectronics announced the 2015 third quarterly report on October 28. From January to September, the company achieved sales revenue of 3.602 billion yuan and net profit of 1.447 billion yuan, up 3.55% and 37.80% respectively, and net profit after deduction was 30.18%. The company also announced that it plans to increase its wholly-owned subsidiary, Wuhu Anrui.
The competition in the LED chip industry has intensified, and the cost reduction is the main reason for the company's profit growth this quarter. Since 015, the company's revenue growth rate has been declining quarter by quarter. The income growth rate of the first three quarters was 12.65%, 0.77%, and 0.69%. In the third quarter, the company's comprehensive gross profit margin also began to be affected. In the third quarter, 42.45%, although significantly higher than the industry peers, but has dropped by 5.56 percentage points in the second quarter, reflecting the intensified competition in the industry. Based on the current development of the industry, we speculate that the company should actively slow down the expansion of Xiamen Sanan. By the end of September, the MOCVD equipment purchased by Xiamen Sanan had reached 40 chambers ((converted to 2 inches and 54 sheets, equivalent to 80 units), but the equipment that actually contributed effective capacity was only about 4 chambers.
In the third quarter, the company's profit growth was mainly due to the control of management expenses and the reduction of financial expenses. The total cost of the three expenses was RMB 98 million, down 40.74% year-on-year, and the absolute amount was reduced by RMB 67 million.
The advancement of integrated circuit business is slower than expected, but the long-term development potential cannot be underestimated. The company's integrated circuit project has completed the main infrastructure and procurement of major equipment in the first half of the year, but it has not yet been put into production. The company expects that the integrated circuit products will be sampled for customer verification in November this year, and the production capacity will be gradually released later.
Gallium arsenide and gallium nitride semiconductor devices have broad application prospects in the field of communication. The company has carefully arranged in this field, and has established cooperative relations with Chengdu Yaguang, Shanghai Aerospace Electronic Communication Equipment Research Institute, etc., and obtained investment in the national integrated circuit industry. The fund has invested nearly 5 billion yuan. Huaxin Investment, the administrator of the National Integrated Circuit Industry Investment Fund, has promised to support the company to strengthen and expand its integrated circuit business in the future, and actively promote the company to become an international leading integrated circuit company focusing on III-V compound semiconductors. Although the company's IC project promotion speed has slowed down due to external reasons in the short term, the long-term development potential of the business cannot be underestimated.
Increase the capital of Wuhu Anrui and accelerate the market promotion of LED automotive application products. Wuhu Anrui is a wholly-owned subsidiary of the company, mainly engaged in the production and sales of LED packaging, LED applications, automotive lighting and other automotive related parts and components. At present, Wuhu Anrui has developed rapidly, and the auto lamp business has been certified by many auto manufacturers, and the potential customers (in the certification period) have great market demand. The company plans to increase the capital of Wuhu Anrui with its own monetary funds of 180 million yuan to ensure the normal expansion of Wuhu Anrui business and occupy the market as soon as possible. In July this year, Wuhu Anrui Optoelectronics also signed a Cooperation Framework Agreement with BAIC Yinxiang. It plans to set up a branch in Chongqing to produce LED products for automotive lamps and automotive applications, and provide supporting services for BAIC Yinxiang. After years of cultivation, LED automotive applications are expected to become the company's new profit growth point.
This series features transparent LED screens, which are suitable for various indoor places and various stores, especially in storefronts with floor-to-ceiling glass windows. Installing the transparent screen against the glass wall has a very good effect. When the display is turned off, the audience can watch the indoor environment from the outdoors, and when the display is turned on, they can directly watch the content played on the display.It not only preserves the visibility in the store, but also can effectively display advertising videos to the other party, which is very practical.
Transparent Led Screen,Led Wall Display,Building Led Display Panel,Sport Led Screena
Guangzhou Cheng Wen Photoelectric Technology Co., Ltd. , https://www.ledscreencw.com