The eight "analysis" tell you why Sanan optoelectronics trade deficit 4 billion 500 million years

An Au Optronics Co was founded in November 2000 July 2008, listed on the Shanghai stock exchange, the headquarters is located in Fujian city of Xiamen Province, located in Xiamen, Quanzhou, with Tianjin, Wuhu, Huainan, 7 wholly-owned subsidiaries, 1 holding subsidiaries and 3 subsidiary companies, mainly engaged in color high brightness LED epitaxial wafers, chips and compound solar cell, high concentrating photovoltaic products R & D, production and sales.

Revenues and profits in 2014:

An optoelectronic 2014 operating income of 4 billion 580 million yuan, an increase of 22.71%; net profit attributable to the parent company of 1 billion 462 million yuan, an increase of 41.15%. Company in 2014 170 sets of MOCVD equipment in addition to R & D machine, the rest are full, the scale effect is significant, it is estimated that in 2014 LED chip revenue of more than 3 billion 400 million yuan. Profitability point of view, in 2014 the company consolidated gross profit margin of 45.05%, an increase of 8.8%, of which 14Q4 gross margin of, an increase of Q3 of, an increase of 16.57%.

Equipment analysis

On the scale, the current total number of three MOCVD has reached about 180 units, and all full, in addition three continues to expand production, the establishment of a subsidiary under the proposed total investment of around 10 billion, a total investment of 200 MOCVD, the first to start the 100 stage, the construction period is one year. After the completion of the project, the company has a scale of MOCVD will be more than doubled. Expected to exceed the actual capacity of the world's largest LED chip manufacturers.

Two, technical analysis

At present, the main technology, an optoelectronic corresponding in the high-end market, the low-end market price war has little effect, profitability is expected to remain stable or even enhance. With production capacity and technological advantages, on the one hand, the integration of the domestic industry, strengthen the leading position; on the other hand, vigorously develop the overseas market, in close cooperation with the domestic LED manufacturers, become Chinese, undertake major foreign manufacturers LED chip outsourcing demand. LED chip industry, TSMC prototype has now. Three continuously shortened with the international well-known LED enterprises in china. High power chip white light efficiency R & D level has been flat with the first-class optoelectronic enterprises in Taiwan, mass production technology is close to the United States, Japan and other international LED leading enterprises. High performance three junction solar cell chip photoelectric conversion efficiency of up to 42%, reached the international first-class level, is the first to use multi junction GaAs solar cells in the megawatt class photovoltaic power plants.

Sanan optoelectronics has been focused on LED upstream epitaxial chip area, the patent technology of a high degree of attention. In order to reduce the foreign and an optoelectronic chip leading gap, core technology and channels to further enhance the LED epitaxy and chip, to $22 million acquisition of high-end chip technology and patent Lumileds 100% stake, a move that three ande to enter the global LED wafer and chip core technology patent authorization network, become international manufacturers suppliers to further expand the scale, the international market sales.

Three, adhere to independent intellectual property rights

In November 2002, the independent production of the first piece of an optoelectronic wafer successfully come out, marking the domestic Chinese LED kicked off, breaking the international monopoly. It is understood that Sanan optoelectronics established by the international first-class R & D team in the United States, Japan, Taiwan and China China photoelectric technology composed of top talent, has now accumulated and application at home and abroad have more than 650 pieces of patents, including patents accounted for more than 76%. To actively explore the international market at the same time, an increasing international patent application efforts to strengthen the international patent layout and design, establish the perfect protection system of intellectual property and proprietary technology, become a weapon Nuggets Sanan optoelectronics industry.

Since settled in Xiamen since, Sanan optoelectronics continues to grow, the market share for ten consecutive years, ranking first in the country. July 2008 A shares listed in the domestic market, the company's growth has won a good opportunity. Strong enterprises to expand the space for development, from the larger area bigger, historic opportunity to seize the national development strategy of Sanan optoelectronics, in December 2008 and January 2010 respectively, the establishment of the Tianjin Sanan optoelectronics Co. Ltd. and Anhui Sanan optoelectronics Co. Ltd., a wholly owned subsidiary of the two respectively in early 2010 and early 2011 put into production with the comprehensive operation, creating a new miracle in the development history of the world on the construction of LED.

At present, three has formed a comprehensive production capacity of an annual output of LED epitaxial wafers 10 million, chip 300 billion, accounting for more than 58% of the total domestic production capacity, ranking first in the country, ranking third in Asia and tenth in the world. The company in 2010 in the "best" market management Chinese list of listed companies, was named the "Shenzhen 300 index", chairman Lin Xiucheng won the "best wealth Chinese Leader Award" in 2014 by the Shanghai stock exchange in Shanghai Stock 50 Index constituent stocks.

Four, industry chain analysis

The adjustment of industrial structure is an important means for enterprises to adapt to the changing market. With the development of semiconductor lighting LED epitaxy, chip, compound solar cell and other core business at the same time, Sanan optoelectronics is also actively expanding upstream raw materials -- Application of sapphire substrate and LED package, the downstream industry chain, to achieve industrial facilities.

LED focuses on the overall industrial development, constantly in the industry chain extension, Sanan optoelectronics is to achieve the purpose of vertically integrated industry chain layout. Upstream: cooperation with Seoul semiconductor, cross patent sharing. Midstream: the company signed a cooperation agreement with Siu Chi shares, the state star optoelectronics, poly fly optoelectronics, the next three years is expected to order more than 1 billion.