Sanan Optoelectronics said that during the reporting period, LED demand, resulting in the company in 2017 to achieve the parent company's main business net profit over the previous year a more substantial growth.
In the first half of 2017, Sanan Optoelectronics reported a revenue of 4.067 billion yuan, an increase of 46.37% over the same period of last year. Net profit attributable to shareholders of listed company was 15.15 billion yuan, up 56.76% from the same period of last year. As the production capacity in the second half of 2017 entered a peak season , Mitsuhiro optical performance even more eye-catching.
Currently, the global LED market has an annual growth rate of more than 10%, especially for small distance and accelerated penetration of automotive lighting, which led to the growth of demand for LED epitaxial wafers and chips, strong market demand and some chip prices. In the second half of 2017, San'an Optoelectronics actively expanded its production capacity. The new MOCVD equipment was gradually introduced to the factory to speed up installation, commissioning and production. The production capacity will gradually be released from the third quarter of next year.
Today, MOCVD equipment owned by Sanan Optoelectronics and its production scale ranks the first place in China with the performance indexes of the products ranking the international advanced level, ranking the first in the country in terms of market share. The National Funds are the second largest shareholder of Sanan Optoelectronics and the important one for Sanan Optoelectronics Strategic investors.