Chip/auto lamp production and sales increased sharply, Sanan Optoelectronics Q1 net profit increased by 51.14%

On April 25, Sanan Optoelectronics released its first quarter 2017 performance report. During the reporting period, the company achieved operating income of 1.90 billion yuan, an increase of 68.90% over the same period of the previous year; the net profit attributable to shareholders of listed companies was 691 million yuan. Compared with the same period of last year, it increased by 51.14%.

Sanan Optoelectronics maintained rapid growth in the first quarter of the year, mainly benefiting from the increase in LED chips and full capacity. The absolute value of revenue and the year-on-year growth rate both reached record highs, and benefited from the sharp increase in gross profit margin.

In the first half of 2017, the LED chip continued to prosper and the faucet benefited.

Last year, Jingdian and Cree's production capacity withdrew, and the industry's supply and demand relationship began to improve. Judging from the time of manufacturers' expansion, it is expected that the tight supply situation will be eased in the second half of this year. The supply shortage in the first half of the year continues, and Sanan Optoelectronics continues to benefit from the LED chip leader.

In the first quarter, the company's MOCVD machine (300 units) was fully loaded, and the production and sales volume of automobile lamps also increased sharply. Sanan Optoelectronics' revenue and annual growth rate both reached record highs.

In 2016, the company achieved revenue of 6.273 billion, becoming the global LED chip leader. In 2017, it is expected that the production capacity will continue to expand by 30%. The shortage of LED industry is expected to continue into the second half of the year. The main performance of LED chips in 2017 is still worth looking forward to. .


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