Australia Shunchang, the third quarter net profit doubled Elec-Tech won hi

To promote the LED business profit rose Australia Shunchang before the three quarter net profit growth of 7

The evening of October 29th, Australia Shunchang released three quarterly, the company from 7 to September net profit of 51 million 240 thousand yuan, an increase of 100.71% in the three quarter profit doubled to, this year 1 to September, attributable to shareholders of listed companies net profit of 120 million yuan, an increase of nearly 7. Meanwhile, the company expects 2014 full year attributable to shareholders of listed companies net profit is expected to reach 158 million yuan -1.86 billion yuan, an increase of 70%-100%, is expected to achieve full year profit doubled.

LED force contribution profit

The main reason for the rapid growth of profit is LED business capacity increase, profit contribution increased by quarter. "Australia Shunchang secretaries Lin Wenhua said, at present the LED project of 30 MOCVD all the basic operation, good capacity utilization rate, so as to effectively promote the business into the performance of rapid release period.

Data show that Australia Shunchang LED business started production in 2013, production year profit, and net profit accounted for LED business has climbed from 3.3% in 2013 to 28.2% in the first half of 2014; at the same time, the gross profit margin of up to 39.23%, and has been leading the industry in the same level of Sanan optoelectronics.

"Shunchang is the most efficient debugging o-yang in MOCVD69 machine, one of the best run companies, because of increased efficiency, but from the original planned annual output of 1 million 800 thousand increased to 2 million, the initial formation of scale effect. "Guoxin Securities researcher Liu Xiang pointed out that the long-term tracking Australia Shunchang, in addition to capacity expansion in the smooth, high wafer and chip layout and upstream expansion, the company surpassed expectations LED business efficiency and layout.

Agencies in the three quarter settled

Three of the Quarterly Bulletin shows that the third quarter obvious signs of institutional investors in Australia Shunchang opening.

As of the end of 9, the top ten shareholders of circulation in the top two shareholders as promoters of shareholders, the rest are institutional ownership, holds a total of 34 million 750 thousand shares. In the eight institutional investors, social security fund only appeared 107 combinations, 117 combinations, 603 combinations and three, holding a total of 13 million 270 thousand shares, while the reported only 117, the number of shares to 5 million 470 thousand shares, the three quarter of the social security fund Masukura obvious action. In addition, raised funds also have new faces emerged, except before huitianfu Fund (micro-blog) to stay outside, first appeared in three quarterly is rich and large into two public fund, held a total of 5 million 880 thousand shares.

"The outbreak of the LED industry chain has become the market consensus, although the Shunchang Aoyang chip production is one of the most beneficial link, but the company after entering the LED industry is not a long time, the market perception requires a process, with the gradual release of the business scale and the performance of the market was already beginning to recognize the Australia Shunchang investment value. "A private equity fund manager analysis agencies get together Australia Shunchang investment logic three quarter.

Liu Xiang expects Australia Shunchang two projects is expected to be completed by the end of the cap, hopefully next year in May 4, introduction of equipment, and can realize the production capacity in August, will also be successfully doubled.

Elec-Tech third quarter revenue grew 38.29%

The October 29th announcement, the company in the first three quarter net profit of 70 million 453 thousand and 900 yuan, an increase of 196.15%; to achieve operating income 3 billion 139 million yuan, an increase of 38.29% compared with the same period last year. Earnings per share of 0.0526 yuan.

Notice shows that during the period of asset impairment losses and loss of disposal of non current assets significantly reduced investment income increased significantly, positive results.

This year, the results of small household appliances business compared with the same period last year has improved, while the LED chip and packaging products shipped a substantial increase year on year, is expected to profitability, net profit will be between 60 million yuan to $90 million.

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