LED Sheng optoelectronics industry boom horizontal expansion to find opportunities

An optoelectronic July 31st semi annual report released in 2014, in the first half the company achieved revenue 2 billion 177 million yuan, an increase of 30.03%; net profit of 666 million yuan, an increase of 43.87%; basic earnings per share was 0.42 yuan, up 31.25%.

Ping An Securities believes that the company's semi annual results are very bright. Which LED sales revenue of about 2 billion 28 million yuan, an increase of 40.68%, gross margin also increased by 4.36 percentage points. The company's overseas business is also developing rapidly, overseas revenue growth of 344%. With the whole industry LED needs awakening brings increasingly depressed, large-scale production bring declining costs, the company's chip business gross margin is accelerating the recent upward trend, has now reached about 39%. The next three years, the company has obtained Jufei (16.06, -0.160, -0.99%), Fujian Shun and honglitronic (11.90, -0.020, -0.17%) fixed order of 1 billion per year, sales are guaranteed. As the largest LED chip manufacturers, three fully benefited from strong quotes in LED.

Ping An Securities believes that the company's optoelectronics industry chain has been extended from the chip, up to sapphire, down the packaging section, directly into the field of application and engineering. The overall advantages of the industrial chain, to ensure the stability of the company's Sapphire supply and LED chip shipping channel. In addition, the company and the Chengdu Yaguang joint venture of wide bandgap semiconductor R & D and production, great prospect of superior properties of wide bandgap semiconductor and its application in the field of microwave power devices in the potential, is very suitable for the production of anti radiation, high frequency, high power and high density integrated electronic devices, the company is expected to become the most important future growth point, projects in construction stage. The company owned subsidiary of Japan photovoltaic photoelectric core BT, increase investment in high concentration photovoltaic power stations, photovoltaic technology is the third generation of photovoltaic technology in the future to replace the second generation silicon technology, a bright future.

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