LED industry situation is good, San'an Optoelectronics is fully produced

Sanan Optoelectronics announced on the evening of April 9 that the company's financial department initially estimated that the net profit attributable to the owner of the parent company in the first quarter of 2014 was expected to increase by 40-55. Last year the same period net profit 16,003. RMB 540 thousand, earnings per share: 0. 11 yuan. The announcement said that LED demand was strong during the reporting period, and the company's main equipment MOCVD was full except for the R & D machine, as a result, the net profit of the company's main business attributable to the owner of the parent company in the quarter of 2014 increased significantly over the same period of the previous year. Specific financial data will be disclosed in detail in the company's 2014 quarterly report. The reporter learned that the announcement issued by San'an Optoelectronics on April 4, 2014 disclosed that the company intends to sign an investment agreement with Xiamen Torch High-Tech Industrial Development Zone. in this development zone, investment and construction of LED extension, research and development of chip and manufacturing industrialization project, the total investment of the project is 10 billion yuan. At the same time, Xiamen Sanan Optoelectronics Co. , Ltd. , a subsidiary of the development zone, has a registered capital of 10 million yuan. The announcement shows that the main content of the agreement consists of two parts: first, the company invested in the construction of LED blue, green epitaxial wafers and chip production lines in the north of Min'an Avenue in Xiamen Torch High-Tech Zone and west of Binhai East Avenue, the total investment of the project is 10 billion yuan, with a total scale of 200 MOCVD (Based on 2 inch 54 pieces). The first investment is directly as high as 5 billion yuan, with a registered capital of 2 billion yuan (Staging in place), The operating period is not less than 20 years; In addition, 100 MOCVD equipments will be started in the first phase. The construction period of the first phase of the project is one year. All the plants and related production facilities will be completed within two years. The remaining 100 MOCVD equipments will be started after the first phase of the equipment is fully put into operation, be in place and put into use no later than the end of 2018, otherwise Xiamen Torch development zone will have the right to cancel the corresponding subsidy for MOCVD equipment that has not yet been in place. At the same time, Xiamen Torch development zone agreed to give a single equipment of San'an photoelectric project company a conversion based on the subsidy amount of 2 inch yuan for 5 million pieces, and pay in installments according to the payment progress of the company's project company, the subsidy ceiling is 200 units. CSAResearch pointed out that in 2013, China's semiconductor lighting industry as a whole recovered and the LED functional lighting market started rapidly, ushering in the spring of LED lighting. In 2014, China's LED industry will continue its upward trend in 2013 and usher in a new round of growth. It is estimated that the domestic semiconductor lighting industry will continue to maintain rapid growth in 2014, with an expected growth rate of about 40. In 2013, the localization rate of chips in our country reached 75, which already has a strong competitive advantage in medium and small power applications, but imported chips are still the main ones in high-power lighting applications such as street lamps. In the epitaxial chip link, with the full launch of the application market, the production capacity accumulated by investment in recent years has been gradually released. The output and output value of epitaxial chips will increase significantly in 2014, and the growth rate of output value is expected to reach about 35. Industry insiders also believe that the current demand for LED is strong, and the main equipment of San'an Optoelectronics, MOCVD, has been opened in addition to the R & D machine, and will invest in the construction of LED extension, chip R & D and manufacturing industrialization projects in Xiamen, the total investment of the project is 10 billion yuan, with a total scale of 200 MOCVD (Based on 2 inch 54 pieces). This has a capacity basis for its response to market demand and market share. This large-scale expansion of production has once again received strong support from the government. As a leading enterprise in technology and cost, the gap between it and domestic enterprises will further widen in the future, and the company will gain a stronger voice in price strategy, chip factories with the same market positioning will be negative; Considering the company's promotion in the field of engineering lighting and the impact of subsidies on Deferred revenue, Sanan's future performance will be greatly improved.