Silan 2014 first half net profit by 66% LED business to achieve profitability

Silan 18 evening announced the 2014 semi annual report, the first half the company achieved operating income of 871 million yuan, an increase of 16.64%; net profit attributable to shareholders of listed companies was 61 million 547 thousand and 800 yuan, an increase of 65.8%.

Among them, the LED chip revenues 121 million 372 thousand and 800 yuan, an increase of 68.03%, gross margin of 18.29%, an increase of 29.83%; LED device revenue of $59 million 302 thousand and 500, an increase of 145.56%, gross margin of $, an increase of 15.31%.

Silan said that the subsidiary company and the company Silan azure card has achieved profitability. The first half of 2014, with the release of production capacity, competitive advantage Meika Music Company in the high-end color pixel device market has been consolidated, and further enhance the brand image.

The first half of 2014, the total output of LED epitaxial wafer Silan azure companies reached 340 thousand, production of LED chips 13 billion 700 million, sales rate reached 80%, and has begun to expand production plant, to further enhance the production capacity of LED chips. With the expansion of production capacity, the company's production costs Silan azure further reduced,

In the LED business, Silan development strategy for the construction of micro Silan "Meika Music" continue to promote the brand of high-end LED devices at home and abroad, and actively expand high-end customers, expand production capacity, expand the new high-end application market; to keep the LED chips in the field of investment, industrial base has achieved good advantage of color in the LED chip, accelerate the development of LED lighting chip business.

Silan is expected in the second half of 2014 can be achieved operating income of 1 billion 129 million yuan, is expected in 2014 to achieve annual sales income of 2 billion yuan (about 22% higher than in 2013).

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