According to the announcement of Ganzhao Optoelectronics, the company's net profit attributable to shareholders of listed companies in 2010 is estimated to be 134 million yuan to 1.444 billion yuan, a year-on-year increase of 60%-70%.
According to the company, due to the sharp increase in demand in the LED market in 2010, the company's business scale has been expanding with its excellent product quality and professional sales services.
Ganzhao Optoelectronics Co., Ltd. is the largest enterprise in the production and sales of quaternary red and yellow LED chips in China. It is the largest enterprise in China that can mass produce triple junction GaAs solar cell epitaxial wafers. It is the only company in China that has initial industrial production capacity of LED epitaxial wafers and chips. In the field of triple junction GaAs solar cell epitaxial wafers, the company also has a completely self-developed MOCVD technology. Optimistic about the growth rate of the LED industry capacity, the company's revenue will therefore rise.
It is understood that LED chips are not only used in lamps, but also widely used in traffic lights, mobile phones, notebook computer background light sources and other fields. In the past ten years, the global LED market has grown at a compound annual growth rate of more than 20%, and the high-brightness LED market has grown more rapidly.
According to the third quarter report of Ganzhao Optoelectronics, the company achieved operating income of 208 million yuan in the first three quarters, a year-on-year increase of 68.06%, and a net profit of 95 million yuan, an increase of 87.36%. In addition, the company expects net profit for 2010 to increase by 55% to 70%.
According to industry analysts, by the end of 2011, the company will have 29 MOCVD epitaxial devices in Yangzhou and Xiamen. The LED chip production capacity will be expanded to about 7 times at the end of 2009, and the solar epitaxial wafer production capacity will be expanded to twice that of 2009.
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