San’an Opto released its financial results for the first half of 2015 on
August 18, 2015.
The company’s sales reached RMB 2.3 billion (US$350 million) with 5.26% growth
year on year (YoY). The reported net income available to shareholders is RMB
904 million, reflecting a 35.76% YoY growth.
As shown in the report, LED revenue rose to
RMB 2.14 billion with 5.26% YoY growth while Gross Margin rose to 44.41% with
7.3% YoY growth.
The company is now developing and
manufacturing high value-added products while expanding its application area by
exploring the best civil-military cooperation pattern. In order to increase its
added- value, the company is focusing on LED-based visible light communication
systems (LiFi), promoting indoor and outdoor LiFi systems, automobile network
system products, smart lighting monitoring systems and other integrated
applications.
However, due to external reasons, Xiamen
San’an Opto did
not make any contributions in sales income which hindered growth during first
half 2015. So far 15 MOCVDs are in the debugging phase. Production capacity and
related efficiency will be seen in later stages of production.
The application products of San’an’s wholly-owned company Wuhu Anrui Opto has obtained several licenses
issued by many automobile manufacturers. So far the company reached RMB 10
billion in sales revenue with 10.9 billion net profit.
On the other hand, the U.S. company Luminus
Devices, which San’an Opto acquired in 2014, has undergone internal restructure and
following development adjustment. Therefore, Luminus reported consecutive
deficit for two years. So far Liminus’ sales revenue rose to RMB 58.93 million with RMB 6.63 million net
profit.
A promising market outlook is expected with
growing penetration rate of U.S.-based Luminus’ products.