Sapphire business performance good crystal photoelectric revenue over 900 million yuan

[LED] - optical crystal (002273) March 24th annual report released late in 2014 last year, the company achieved operating income of 977 million yuan, an increase of 56.01%; attributable to shareholders of listed companies net profit of 153 million yuan, an increase of 33.73%.

The report shows that the main business of crystal optical precision optical thin film components and products, sapphire products and reflective material products, accounting for 98.10% of revenue. Benefit from the rapid development of the domestic intelligent mobile phone industry trend in 2014, the company set the rapid growth of product business; sustained and stable growth in the LED industry, sapphire products demand; continuous promotion and application of the reflective material market product upgrades, provides a good market opportunity for the rapid development of company business reflective material.

Main business structure

Sub product point of view, crystal photoelectric 2014 sapphire LED substrate business revenue reached 177 million yuan, an increase of 60.02%. The company said, in 2014 the company sapphire plate business to seize the opportunity of the rapid growth of the LED industry, the expansion of the substrate and PSS capacity, expand the proportion of 4 inch products; LED substrate by several major customers into both domestic customer situation, and began to enter the Taiwan market, the company has become the domestic first-class production of LED substrate manufacturers; while keeping the application trend of sapphire in the optical field, the development of sapphire optical application products, some products for mass production; the company has 60KG sapphire crystal technology, began to explore more large size sapphire crystal technology. 2014, sapphire business to achieve a substantial increase in sales.

Future Ltd will expand (sapphire) substrate production capacity, adjust product and market mechanism, to maintain the status of the industry; to speed up the development of sapphire optical application products and production, marketing channels, to create a new Sapphire business; stable 60KG production technology, the development of large size sapphire crystal technology, efforts to complete the construction of the base year of sapphire; 6 inches upgrade products and related technology reserves, to maintain technological superiority.

The company expects full year target sales in 2015 will be 30% - to 60% growth, net profit will achieve an increase of 30% - 60%.

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