Sanan Optoelectronics net profit of 3.164 billion, government subsidies accounted for 15.36%
On April 20, Sanan Optoelectronics released its 2017 annual report. The report shows that in 2017, Sanan Optoelectronics achieved operating income of 8.394 billion yuan, an increase of 33.82%; net profit attributable to shareholders of listed companies was 3.164 billion yuan, an increase of 46.04%.
According to the Sanan Optoelectronics Annual Report, the gross profit margin of Sanan Optoelectronics Chips and LED products in 2017 was as high as 45.34%, a year-on-year increase of 8.61%. At the same time, its mainland China operating income was 6.969 billion yuan, gross profit margin was 49.59%, an increase of 6.76%; operating income outside mainland China was 1.425 billion yuan, gross profit margin was 44.84%, an increase of 8.93%.
In 2017, Sanan Optoelectronics Investment Project Xiamen Sanan Optoelectronics Co., Ltd. (Phase II) MOCVD equipment gradually arrived at the factory and released production capacity; the automotive lamp business of the application product of the wholly-owned subsidiary Anrui Optoelectronics was also expanding its production capacity. Last year, Sanan Optoelectronics LED chip production reached 664 billion, an increase of 67.87% compared with 2016; and its chip inventory reached 158.35 billion, an increase of 210.52%.
In addition, it is worth noting that Sanan Optoelectronics' amount of government subsidies for the current profit and loss in 2017 was 486 million, accounting for 15.36% of the net profit attributable to shareholders of the listed company in the current period. Although the government subsidies have decreased compared with last year, they are still at a high level in the industry.
It is understood that Sanan Optoelectronics received government subsidies in the LED industry in the past three years. In 2014, 2015 and 2016, the government subsidies included in the current profit and loss were 505 million yuan, 594 million yuan and 502 million yuan respectively, accounting for 34.54%, 35.04% and 23.17% of the net profit attributable to shareholders of the listed company. .
In 2018, Sanan Optoelectronics received government subsidies and the situation continued to increase. From March 28th to April 2nd, Sanan Optoelectronics issued three announcements on the receipt of government subsidies from Quanzhou Sanan Semiconductor Technology Co., Ltd., its wholly-owned subsidiary, on infrastructure and engineering construction, and special subsidies for Sanan Semiconductor Technology R&D. A total of 780 million yuan.
Sanan Optoelectronics said: "Sanan Semiconductor received a special subsidy for science and technology research and development (three subsidies for science and technology) 200 million yuan, confirmed as current income when received, will have a positive impact on the company's first quarter results in 2018."
It is not difficult to see from the above data that the amount of government subsidies included in the current period contributed a lot to the net profit of Sanan Optoelectronics.
For 2018, Sanan Optoelectronics said that it will continue to enhance the LED market share around the company's development strategy, accelerate the pace of compound semiconductor integrated circuits, reduce costs, strengthen and expand the company's main business, accelerate the pace of international development, and ensure the company's sales. Revenue and profits have grown steadily to achieve the company's development goals.
1. Accelerate the infrastructure construction of the Quanzhou Nan'an project, strive for early completion, further increase market share, and ensure the company's sales revenue and profits grow steadily;
2. Give full play to the leading position of the company's industry, stabilize the market order, and promote the industry to the normal development track; accelerate the research and development and production of new LED products, promote the progress of new products entering the market, and stabilize the company's profitability;
3. Accelerate the promotion of semiconductor integrated circuit customer certification and product sales, actively prepare for production, gradually increase market share, enhance core competitiveness, and further improve profitability;
4. Actively explore the company's LED application products customers, accelerate the supply of high-end customers, ensure continuous heavy volume, and improve profitability;
5. Expand the scale of raw materials required for the company's business, strengthen research and development capabilities, ensure the normal production needs, and give full play to the company's scale advantage;
6. Continue to adjust the company's sales customer structure, expand overseas markets, develop new customers, and improve the company's profitability;
7. Strengthen the company's own patent technology application and protection, improve internal control, optimize production processes, reduce costs, establish a brand, enhance product profit points, and ensure the company's interests are maximized.
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