The company's main business is LED chip manufacturing and packaging.
Lianchuang Optoelectronics is mainly engaged in LED packaging and has some cables and dedicated communication products. 60% of the company's operating income is related to LEDs, including chip manufacturing, packaging and downstream applications such as street lamps; LED-related business gross margin is around 20%, which is in the middle and lower levels in the industry. Cables accounted for about 30% of operating income, and gross profit margin was low, only 10%. In terms of sales territory, more than 80% of the company's products are sold domestically.
The company's long-term equity investment has achieved outstanding results. Its shareholding in Xiamen Hongfa, which is mainly engaged in relay business, achieved a net profit of RMB 110 million in 2009 and contributed RMB 25 million to the company. According to our understanding, Xiamen Hongfa is preparing to go public, and it is expected to bring greater returns to the company in the future.
Major shareholder changes bring development opportunities
The controlling shareholder of the company was changed from the Jiangxi State-owned Assets Supervision and Administration Commission to the Federation of Merchants and has been reported to the State Council and is expected to be approved in the near future. The restructuring of the enterprise has come to an end, and the resettlement costs of the personnel in the restructuring are borne by the government finances and do not affect the listed companies. We believe that major shareholder changes will bring opportunities for the company's development, first of all to facilitate the introduction of more dynamic mechanisms, and secondly, to bring more capital investment, according to the contract, the Federation of Trade Unions in the next three years on LEDs, cables And the dedicated communications business invested more than 10 billion in development funds.
There may be trading opportunities in 2011
In general, the company has a foundation in the LED field, but its technical strength is not strong, the products are mostly low-end, and the local government has little support for LEDs, and investment opportunities are not obvious; but the new controlling shareholders are expected to have financing in 2011. And equity incentives and other actions to enhance the company's competitiveness, may bring trading opportunities.
Not currently rated
Due to the adjustment of the senior management team, the current work of the company has been stagnant. The EPS in 2010 is expected to be 0.2 yuan. There is a large uncertainty in the performance in 2011 and beyond, and no rating will be given.
Laser crystals of various materials including Neodymium Doped Yttrium Aluminum Garnet (Nd:YAG), Yb-doped Yttrium Aluminum (Yb:YAG), Nd-doped Yttrium Orthovanadate ( Nd:YVO4 ), Nd-doped Gadolinium Orthovanadate ( Nd:GdVO4 ), Cr doped Yttrium Aluminum Garnet ( Cr4+:YAG ) and diffusion bonded composite crystal ( DBC crystal ) are available from Coupletech Co., Ltd.
Coupletech could supply many kinds of Laser Crystal with larger dimension, higher damage threshold, higher conversion efficiency and higher reliability for higher power Solid-state laser applications. We have strict quality control and continuous innovation. Coupletech's various finished laser rods, laser crystal, slabs and thin wafers as well as supplying laser crystal with brewster's angle, which is widely for use in industrial, medical and scientific applications.
S
Laser Crystal
Yb:YAG Crystals,Nd:YAG Crystals,Nd:YVO4 Crystals,Cr:YAG Crystals,Diffusion Bonded Crystals
Coupletech Co., Ltd. , http://www.coupletech.com