LED business revenue increased 40% year-on-year to quadruple xinhaiyi

[LED] - xinhaiyi recently released 2014 annual report. The report shows that in 2014 the company achieved operating income of 1 billion 142 million yuan, an increase of 38.72%, among them, the new electronic communication business income 225 million yuan, accounting for 70.53% of the income, LED business income of 143 million yuan, year-on-year quadrupling outstanding; attributable to shareholders of listed companies net profit of 134 million yuan, an increase of 57.16%; attributable to to the shareholders of listed companies net profit after deduction of non 76 million 570 thousand yuan, an increase of 223.73%.

Main business structure

Xinhai said, after two rounds of expansion, new nanocrystalline LED has leapt to the forefront of the industry. One phase of investment 690 million yuan has been completed, the MOCVD and supporting the production of 20 chip equipment stable production. 2014 new crystal launched the two phase of the expansion plan, a total investment of $466 million, plans to buy 20 sets of MOCVD and supporting equipment, the current MOCVD are in place, supporting equipment is being debugged, as soon as possible to achieve mass production.

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