Sanan photovoltaic capacity release to promote jump in performance
Sanan photoelectric net profits rose by more led lights than 130% is expected in 2010, the performance of the company achieving substantial growth, mainly due to the LED product market demand, the company wholly-owned subsidiary Tianjin photoelectric limited due to gradually put into production and revenue-generating.
Sanan Optoelectronics (600703:48.44,0, ? 0) released on January 5 2010 performance increase announcement, preliminary calculation by the company's Finance Department, is expected in 2010 degree attributable to the owners of the parent company's net profits grew by more than 130%. Data show that companies in 2009 for about $ 180 million in net profit, earnings per share of $ 0.71.
Company is the largest full-color extension and ultra high brightness light emitting diode chip industrial production base. Through a public offering of shares of the company, raising funds for the company in Tianjin LED project, project reaches the postpartum completely will exceed company productivity, profitability further enhanced. At the same time, companies are actively layout of solar cells and achieved certain results, which also will have some positive impact on future development of the company.
Company is the leading enterprise of China LED industry, LED chip and application of business for the company's main source of income, upper two 2010 revenues accounted for 96.3% of the company's revenues, the company first half 2010 chip sales grew by 38.34%. At the same time, profitability by improving, the third quarter 2010 gross margins and net interest and 45.92%, respectively, from one-quarter of profitability, corporate gross margins are also showing a trend of steady rise.
Rapid growth of the company in response to future market, the first to lay out industrial substantially enlarging. Company has just completed a private placement, raising capital of 800 million Yuan, Tianjin LED industrialization project. Size of about 20 per cent of the company in Tianjin, and reached an annual output of production scale, chip wafer 850,000 tablets 20 billion. Currently, Tianjin sanan project has been formally put into production, is in full production State, which has laid a good foundation promotional gifts for capacity expansion this year.
Most worth concern of is, company plans investment 12 billion yuan in Wuhu build photoelectric industrialization base, company of project staging implementation, a period investment 6 billion yuan, which acquisition MOCVD device 100 Taiwan; Anhui Province in Wuhu city people's Government giving red yellow light MOCVD (limited 38 tablets machine and the above) each Taiwan total 8 million Yuan subsidies, giving blue green light MOCVD (limited 31 tablets machine and the above) each Taiwan 10 million Yuan subsidies. Companies gain exceeded expectations of development environment, with support particularly large in Anhui Province. Company 2010 MOCVD equipment scale is expected to reach around over more than 90 sets, ranking highest in the world.
At present the company Wuhu plant construction has been basically completed, MOCVD equipment is in place one after another, the 2-3 months after debugging, end is expected to start coming on stream, initial estimates can be fully put into production in late 2011. Wuhu project reaches the postpartum, the company wafer production capacity will reach 5.3 million chip, cores will supply up to 117 billion. By then, the company wafer total production capacity of over 6 million tablets, cores total production capacity will reach 155 billion tablets.
With the continued development of solar cell technology, has developed the third generation of concentrated solar power. Due to concentrating PV are at the initial stage, the current global poly solar capacity less EPRI statistics also show the current global installed capacity of 200MW was not, and 2007-2009 the world added 2MW, respectively and 10MW installed capacity for concentrating solar.
Company and the United States terminates the EM-CORE Corporation and people's Government in Wuhu city consultations on terrestrial power concentrated solar power systems and components of project investment cooperation agreement. Company said the termination is because the plot of cooperation projects proposed location is not yet started construction conditions, a joint venture company would be reconstructed in Huainan city, Anhui Province.
Companies considered by the company and EMCORE Corporation intended to Huainan city, Anhui Province people's Government to sign the application on the ground at high magnification, concentrated solar power systems and components of project investment cooperation agreement's motion. Phase I, 200MW built with an annual output of photovoltaic systems and components production line, completed in late 2011; second phase, the new production line which produce 300MW PV systems and components, completed in late 2013; the third period, newly-built production line which produce 500MW PV systems and components, at the end of 2015 into operation.
With solar energy Sustainable development of the technology, has developed the third generation of concentrated solar power. Due to concentrating PV are at the initial stage, the current global poly solar capacity or less, EPRI statistics show that current global installed capacity of 200MW could not. Company plan 2015 polymer photovoltaic solar system's capacity reaches 1,000MW, concentrating photovoltaic development and industrialization and industrial policy to promote close relationship expected large-scale industrialization needs 3-5, at which time concentrating business will become a new growth point of performance company.
author:Jamie Selle,grand-wholesale.com's commentator
source:https://www.grand-wholesale.com/