In the first quarter, Sanan’s optoelectronic revenue declined. Sanan Optoelectronics achieved operating income of 1.945 billion yuan in the first three months of the year, a decrease of 2.26% from the same period of last year, and net profit attributable to shareholders of listed companies was 968 million yuan, an increase of 40.14% year-on-year. The net cash flow was 944 million yuan, an increase of 41.76% year-on-year.
In the first quarter, China Securities Finance Co., Ltd. reduced 3,019.58 million shares of Sanan Optoelectronics, holding 35.268 million shares at the end of the reporting period.
Sanan Optoelectronics' reliance on government subsidies is rather unfair. As of the end of last year, the government subsidy for Sanan Optoelectronics was 1.376 billion yuan.
According to statistics from the China Economic Net, Sanan Optoelectronics received government grants three times this year and received a total of 780 million yuan in subsidies.
On March 28, 2018, Sanan Optoelectronics announced that the company has signed the "Investment Cooperation Agreement" with the People's Government of Quanzhou City, Fujian Province and the People's Government of Nan'an City, Fujian Province. The company will invest 33.3 billion yuan in the Nan'an Industrial Park of Quanzhou, Fujian Province. Engaged in industrialization projects; The company established Quanzhou Sanan Semiconductor Technology Co., Ltd. (hereafter referred to as Sanan Semiconductor) in Nanan Park, Quanzhou, Quanzhou, Fujian Province, and is mainly engaged in integrated circuit design and manufacturing; engineering and technology research and experimental development; optoelectronic devices and Other electronic device manufacturing; optoelectronic technology research, consulting, services; production and sales of electronic products etc. On March 27, 2018, Sanan Semiconductor received a grant of RMB 190 million for infrastructure and engineering construction grants.
On March 30, 2018, Sanan Electric announced that the company has signed an Investment Cooperation Agreement with the People's Government of Quanzhou City, Fujian Province and the People's Government of Nan'an City, Fujian Province. The company will invest 33.3 billion yuan in the Nan'an Industrial Park, Quanzhou, Fujian Province. Engaged in industrialization projects; the company established Sanan Semiconductor in Nanan Park, Quanzhou, Guzhou, Fujian Province. According to the signed "Investment Cooperation Agreement," March 29, 2018, Sanan Semiconductor received the second infrastructure and engineering payment. Construction grants amounted to 190 million yuan.
On April 2, 2018, Sanan Electric announced that Sanan Semiconductor, a wholly-owned subsidiary of the company, received a special subsidy for technology research and development from Quanzhou Sanan Semiconductor Technology Co. "Subsidy Funding" Notice "(2) Core Valley South High Point (2018) No. 2". According to the "Investment Cooperation Agreement" signed between Quanzhou, Nan'an City Government and Sanan Optoelectronics, with the consent of the Nan'an City Government, Sanan Semiconductor Technology Development Co., Ltd. Special subsidy (three subsidies for science and technology) 200 million yuan. On March 29, 2018, Sanan Semiconductor has received the money. According to the "Investment Cooperation" signed between the People's Government of Quanzhou, Fujian Province and Nan'an Municipal People's Government of Fujian Province. Agreement, March 30, 2018, Sanan Semiconductor received a second payment of 200 million yuan in infrastructure and engineering construction grants.