Sanan Optoelectronics wholly-owned subsidiary received a subsidy of 89.52 million yuan

On the evening of January 12, Sanan Optoelectronics (600703.SH) announced that Anhui Sanan Optoelectronics Co., Ltd., a wholly-owned subsidiary, received a subsidy of 85.52 million yuan from the Wuhu Municipal Government.

 

According to a report by Guosen Securities, the company's high-power LED street lamps basically use their own chips. The package is mainly a foundry. The policy subsidy this time marks that the company is gradually maturing on high-power LED chip technology. The performance in the past few years will increase substantially.

 

A report from Northeast Securities said that the concentrating photovoltaic project may become another main business of the company in the next few years, and the future potential of the solar energy domestic market is huge. The company has accumulated some experience in mass production of concentrating photovoltaics. It is expected that the company's concentrating photovoltaics division will contribute considerable performance in 2012 and become a new business growth point for the company.

 

Sanan Optoelectronics' 2010 financial report for the first half of the year showed that Sanan Optoelectronics had revenue of 365 million yuan, a year-on-year increase of 69.18%, and net profit of 202 million yuan, a year-on-year increase of 257.19%. Among them, LED chip sales revenue of 245 million yuan, an increase of 38.34%, product gross margin rose to 41.75%, an increase of 8.64 percentage points.

 

Sanan Optoelectronics is the earliest, largest and best quality full-color ultra-high brightness LED epitaxial and chip industrial production base in China.