[High-tech LED News] On March 26, 2011, Ganzhao Optoelectronics (300102) released the 2010 annual report. China Auto Parts Processing Service, Auto Parts Processing Wholesale ShenZhen Haofa Metal Precision Parts Technology Co., Ltd. , http://www.haofametals.com
The report shows that in 2010, the company achieved operating income of 297.13 million yuan, operating profit of 142.24 million yuan, and net profit of 137.11 million yuan, up 54.39%, 61.68% and 63.09% respectively over the same period of last year.
By the end of 2010, the company had a total of 10 MOCVD epitaxial furnaces, producing 472,611 LED epitaxial wafers, an increase of 71.48% over the previous year, and achieved revenue of approximately 26.39 million yuan, down 9.22% from last year. LED chip 22628KK, an increase of 63.81% over the previous year, achieved revenue of about 270 million yuan, an increase of 65.69% over last year.
In 2010, the company's total gross profit margin was 61.24%, an increase of 2.29 percentage points over the previous year. The gross profit margin of the epitaxial film is 61.44%, and the chip gross margin is 61.26%.
In 2011, Yangzhou Base will complete 20 MOCVD configurations.
In 2010, the company's wholly-owned subsidiary Yangzhou Ganzhao Optoelectronics Co., Ltd. was officially put into operation in January 2010. During the reporting period, it realized revenue of approximately 80.5 million yuan and net profit of approximately 23.86 million yuan, accounting for 27.09% and 17.4% of the company's total.
In 2011, the company will accelerate the use of 550 million yuan in over-raised funds. In 2011, the company will continue to introduce 15 MOCVD production lines in Yangzhou. By the end of 2011, Yangzhou will reach 20 MOCVD production lines, and all of them will be put into production.
On February 20, 2011, the company's three fundraising projects in Xiamen (with a total investment of 250 million yuan) successfully laid the foundation stone and started construction, and strived to complete the construction of the Xiamen base in 2011, and strive to complete the main equipment by the end of 2011. Negotiating and signing the contract, starting to introduce new production lines in 2012, and completed commissioning and commissioning.
Non-operating income grows rapidly
According to the report, the total non-operating income of the company in 2010 was about 78.16 million yuan, an increase of 148.82% compared with last year. The deferred income diluted to this year was 27.05 million yuan, accounting for 9.1% of the company's annual revenue, an increase of 92.64% over the same period last year. 