Release date: 2017-07-14 Source: Light billion network share: At noon today (13), Sanan Optoelectronics held a conference call for the management. The former chairman Lin Xiucheng, the current chairman Lin Zhiqiang and the secretary-general Li Xuechao attended the meeting and answered a series of questions. The minutes of the meeting are now organized as follows to readers. Label: Sanan Optoelectronics held a conference call to respond to media rumors Indoor Rental Die-Cast 640x640
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Q: What is the confirmed amount and unconfirmed amount of the streetlight project? The previous report has more than 70% of the gross profit. Is there any explanation?
A: Street lamp products have already confirmed 600 million in Wuhu. Some street lamps are now in Pingtan and Guowang, Fujian. In 14 years, more than 20 billion yuan was started, and the contract is a total order of more than 4 billion. The gross profit margin of street lamps is more than 60%. The gross profit of the whole market is 30-40%. We are slightly higher, but our warranty period is longer.
About Wuhu Investment, has been fully announced, I believe everyone's support for Sanan Optoelectronics. Yesterday's news was actually invested in Wuhu in 2011. The subsidies were all in a basket plan. They have been fully implemented in the past few years. Some people raised doubts in 2013, but recently some people have suggested that all the original explanations already exist. Explain, I hope not to repeat.
Q: There is a new chairman in the board of directors. What new arrangements and goals are there on the company's strategy? What kind of new business does the chairman want to develop, and how does it work with Sanan? The new chairman was also the deputy director. After he took office, he managed. What has changed? Lin Zhidong became the deputy general manager, how will the future unions go?
A: The old chairman: The whole group has a lot of affairs, and a series of actions after the introduction of the national big fund are doing. The current acquisition and merger environment is not too friendly, it is very difficult, more important energy is placed on the daily affairs of the group, as well as the work of the security fund. I am not involved in the entire listing plan now.
Lin Zhiqiang: In the future, the development of the company's strategic arrangements will not change much. The first step is to complete the old LED business and reach the original market share. Now it is 12% of the world, and strive to achieve more than 30% in the future. The second part is to develop integrated circuit business, mainly around gallium arsenide and gallium nitride. From the current point of view, there have been some results, GaAs has begun to ship, and will accelerate the process in the future. GaN will be completed in the second half of the year, and will start to increase next year; the plan for the next 3-5 years is already underway, and will come out at the end of this year. Detailed indicators will be shared in future meetings.
The reason why Lin Zhidong entered the management of the listed company is that he is running the business of the integrated circuit domestic and foreign markets. This part of the domestic or international customers is more concentrated and of higher importance. In order to make communication more convenient, please ask Lin Zhidong as a listing. The company's senior management staff to enhance this part of the business.
Q: Gallium arsenide, the company's entire order status and revenue forecast; what are the expected production yield and process improvement?
A: The order of gallium arsenide is currently more than one billion. The product specification verification time is long in the production process. It is expected that the second half of the year can start to increase the volume and gradually supply, and new things are still in contact. Sanan is actively exploring the international and domestic markets, which is slower than expected, but the results are ok.
Our layout of integrated circuits is different from that of other companies, covering everything from basic materials to chips. The current yield of the chip is not bad. It is doing research on the extension of basic materials, and the business will be greatly improved next year.
Q: From the current progress, what is the business development next year?
A: This business will be greatly improved next year. But how much flexibility depends on how fast the verification will be in the second half of the year.
Q: When will the supply and demand pattern of LED business continue to be tight?
A: San'an's traditional business is a very good business point in the next few years. The rapid intervention in the new field is still driving demand. Sanan's business has high visibility in the next two years. In foreign markets and several major international companies. Further cooperation has laid a path for better production and sales in the future. From the perspective of the price system, it will be stable in the next 1-2 years.
Q: Regarding reports and market rumors, will the government continue to support the collapse of some hospitals? The employee stock ownership plan will be reduced in the future. What will be the future plan?
A: As a national support for semiconductors and LEDs, the country has a unified standard. The policy is national and open. Sanan is engaged in this part of the business to enjoy preferential policies and subsidies, and to pursue fairness. Sanan has the superiority in the technical field. Can maintain very good competitive results.
Employee stock ownership plan: 36 months of duration. 1:2 allocation. There is no way to continue if the same expiration. This is the case with early product design. Need to sell the loan, but forced to solve this part.
Q: The performance of the quarterly report is relatively good. What is the outlook for the half year and the year, and the profitability?
A: From the perspective of company performance, the overall situation is relatively good. The operating results in the first quarter are very good. In the future, the company maintains a relatively good trend. The current price system is relatively stable. In the future, the production capacity will be released. Increase some revenue.
Q: The situation of compound semiconductor in the second half of this year, profit and growth
A: This revenue contribution will not be very large, and there will be no contribution in this part of the performance. The future can go better. There will be considerable progress in the next year and the following year, and there will be some contribution to revenue and performance.
Q: The number of machines in the first half of the year increased. What is the growth rate in August, and what is the speed? Other competitors are also expanding production, judging the LED trend? LED current profitability can last for several years?
A: Regarding the machine, more than 100 units will be put into production in the future. From August onwards, about 10 units will be put into production every month, and the future production capacity will be released.
From a global perspective, the Taiwan region is reducing, Samsung, Philips, etc. have not expanded, mainly in cooperation with Sanan, through the Sanan OEM. Domestic Huacan has expanded more production, but the product layout and model classification are not the same. The impact on the whole market is not great. The market will follow the benign speed in the future.
In the long-term view of LEDs in the future, Sanan has made some reserves. As in the development of invisible light, we have increased production capacity, but it is far from enough. In the next one or two years, we will propose expansion plans.
Q: What is the current LED order status?
A: It is full and visibility is very high.
Q: Compound semiconductor market space and application areas
A: The application field is very large, and the future consumption habits and business models change. GaAs RF is not only used in communication, Internet of Things, Internet, 5G era, including base stations, mainly small base stations, including power electronics. Application, fast charge system will gradually develop. A lot bigger than the LED market.
Q: Compound semiconductors are currently overseas competitors, market size
A: The global market is not good, the Chinese market is 10 billion yuan. Only gallium arsenide is included. Gallium nitride is more complex, the product is relatively new, the application is in the initial stage, and the future potential is the biggest.
Q: What is the support of the National Industry Fund for us?
A: I am very concerned about the various ministries of the integrated circuit, and the specific matters are analyzed.
Q: What is the current layout of the company in terms of MicroLED?
A: I have been engaged in research for 1~2 years. At present, from the small batch and small size industrialization, I have to wait for the introduction of some key equipments. At present, the laboratory stage has already produced. Many investors say this thing, a small area at the end of 18 Products will appear, and it is only possible to be bulk and industrial grade in 2020. The yield indicator is controllable.
Q: Will the company issue a new announcement for yesterday's news?
A: Announcement has been issued in 2011. In 2013, there were investors who questioned it and should not mention it again. The policy is nationwide, and there is no need to revisit the projects linked by investment scale. LED support is not more than others, but it is better than others.
Q: Does the company's share price have an impact?
A: It is more important to look at the facts. Based on facts. Clarifications were issued in April 2013. We will hang up the hooks in Anhui Province. We have clarified many times, so I feel that there is no need to clarify.
Q: When is the performance forecast?
A: Performance sensitive information is disclosed in accordance with the rules of the exchange and cannot be announced now.
Q: What is the proportion of income and profit in Anhui Province in the past few years?
A: Every year's annual report is disclosed.
Q: In the next two years, what is the situation of equipment subsidies that will be put into production in Anhui and Xiamen in the future?
A: The equipment is amortized according to 8 years. The advance payment is 30% subsidy 30%, 60% subsidy 60%, and the tail subsidy 10%. This is before the equipment is produced. Equipment is not a one-time investment, it is gradually invested. There are already subsidies before the equipment is produced.
For the subsidy, 103 equipments in the Anhui project have been put in place and the subsidies have been taken up. Amortized by 8 years. The words raised now are mainly in the project. Subsidies and amortization are similar to the previous ones. Equipment that has been in place for 150-160 units, and Xiamen has signed a subsidy of 200 equipment.
Q: Will the subsidy situation decline?
A: Not just Anhui and Xiamen. Yiwu and Jiangxi are still in execution. Looking at the whole picture, if the change is global, it will change. No change globally will not change.
Q: It is recommended that the company clarify this media report, because last time it was 2013, most investors now have no impression or understanding of the incident. We suggest that the company can make some clarifications.
A: We will adopt and re-evaluate and communicate. The specific thing is not to say completely based on the company's ideas.
Q: Is the new expansion machine k405i? What is the new model? Which one is it?
A: It is not this type of machine. We mean the capacity of this type of machine. The new model is a 4-inch 31-chip machine, which one cannot be answered.
Finally, the whole business situation was reported. In 2016, the annual net profit was 2.167 billion yuan. The net profit after deduction was 1.74 billion yuan. In the first quarter of 2017, the net profit was 690 million yuan. The net profit after deduction was 612 million yuan. It can be seen from the data that from the initial production to the present, the main business has increased year by year, and the proportion of subsidies has become smaller and smaller, which is consistent with the content of the clarification announcement at that time.
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