Sanan Optoelectronics predicts net profit in the first quarter will increase by more than 450%

On April 10th, Sanan Optoelectronics (600703) released its performance forecast on Wednesday night. It is estimated that the company's net profit in the first quarter of 2010 will increase by more than 450%.

According to the company, the net profit pre-increased mainly due to the strong demand for LED products, resulting in a significant increase in net profit generated by the main business. At the same time, Anhui Sanan Optoelectronics Co., Ltd., a wholly-owned subsidiary of the company, received a subsidy of RMB 125 million for “Technology Three”. .
In the same period of 2009, the company achieved a net profit of 22.43 million yuan and earnings per share of 0.0911 yuan.
In addition, Sanan Optoelectronics also disclosed today that according to the investment cooperation agreement signed with the Wuhu Municipal Government of Anhui Province, it is agreed that the Wuhu Municipal People's Government of Anhui Province will provide a corresponding proportion of subsidies according to the progress of purchasing MOCVD equipment. At present, the company has ordered MOCVD40 sets of LED main production equipment from American Uyco Precision Instrument Co., Ltd. , and has paid 10 sets of equipment deposits according to the contract. Now it has received 10 million subsidies from 10 units of equipment from Wuhu Municipal Government of Anhui Province. .

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