Tianfeng Securities announced that Sanan Optoelectronics Co., Ltd. is the earliest, largest and best quality full-color ultra-high brightness LED epitaxial and chip manufacturer in China. The company has technical level, R&D capability, capacity scale and customer resources. Significant competitive advantage.
LED lighting enters the harvest season, and the demand is erupting: multi-factor driving LED lighting ushers in the golden period, firstly, the price drops, increasing the market penetration of LED lamps; secondly, energy saving and environmental protection creates huge market potential for LED lighting; in addition, the government’s LED Support has gradually increased, and countries such as Europe and the United States have banned the sale of incandescent lamps, which creates opportunities for LED accelerated replacement.
Sanan Optoelectronics' non-public issuance has been completed, mainly for Wuhu Optoelectronics Industrialization (Phase II) project financing, which will add MOCVD100 units. It is estimated that the company's production capacity will increase by at least 50% in 2014, which is equivalent to adding more than 80 MOCVD equipments (50 for the addition and 30 for the technical transformation). By then, the production capacity will reach 250 MOCVD, which will directly lead the global LED chip leader Taiwan's crystal. Yuan Optoelectronics (about 300 units).
In terms of internationalization, Sanan has taken a long-term shareholding and acquired US lumens. It has stepped up its strategic layout in overseas market development and core patent licensing network layout, and hopes to become an important player in the global LED industry division of labor. In terms of industrial chain integration, it has established joint ventures with Shenzhen Weiwei and Sunshine Lighting. The products are extended to downstream application products, and the sales channels are expanded downstream, which is conducive to achieving differentiated competition with domestic LED companies.
Tianfeng Securities expects Sanan Optoelectronics to achieve operating income of 42.7, 61 and 8.3 billion yuan respectively in 2013-2015, up 26%, 42% and 36% respectively; achieving net profit attributable to listed companies of 10.73, 13.15 and 1.81 billion yuan, an increase of 32.51%, 22.53% and 20.24%, respectively; earnings per share were 0.67, 0.82 and 0.99 yuan respectively.
Tianfeng Securities said that Sanan Optoelectronics, as the leader of the domestic LED industry, benefited from the general trend of LED lighting demand explosion. The company also actively promotes overseas markets through shareholdings and acquisitions of US lumens. It has established a lighting company through joint venture with Sunshine Lighting to accelerate industrial integration. The medium and long-term growth logic is clear.
LED lighting enters the harvest season, and the demand is erupting: multi-factor driving LED lighting ushers in the golden period, firstly, the price drops, increasing the market penetration of LED lamps; secondly, energy saving and environmental protection creates huge market potential for LED lighting; in addition, the government’s LED Support has gradually increased, and countries such as Europe and the United States have banned the sale of incandescent lamps, which creates opportunities for LED accelerated replacement.
Sanan Optoelectronics' non-public issuance has been completed, mainly for Wuhu Optoelectronics Industrialization (Phase II) project financing, which will add MOCVD100 units. It is estimated that the company's production capacity will increase by at least 50% in 2014, which is equivalent to adding more than 80 MOCVD equipments (50 for the addition and 30 for the technical transformation). By then, the production capacity will reach 250 MOCVD, which will directly lead the global LED chip leader Taiwan's crystal. Yuan Optoelectronics (about 300 units).
In terms of internationalization, Sanan has taken a long-term shareholding and acquired US lumens. It has stepped up its strategic layout in overseas market development and core patent licensing network layout, and hopes to become an important player in the global LED industry division of labor. In terms of industrial chain integration, it has established joint ventures with Shenzhen Weiwei and Sunshine Lighting. The products are extended to downstream application products, and the sales channels are expanded downstream, which is conducive to achieving differentiated competition with domestic LED companies.
Tianfeng Securities expects Sanan Optoelectronics to achieve operating income of 42.7, 61 and 8.3 billion yuan respectively in 2013-2015, up 26%, 42% and 36% respectively; achieving net profit attributable to listed companies of 10.73, 13.15 and 1.81 billion yuan, an increase of 32.51%, 22.53% and 20.24%, respectively; earnings per share were 0.67, 0.82 and 0.99 yuan respectively.
Tianfeng Securities said that Sanan Optoelectronics, as the leader of the domestic LED industry, benefited from the general trend of LED lighting demand explosion. The company also actively promotes overseas markets through shareholdings and acquisitions of US lumens. It has established a lighting company through joint venture with Sunshine Lighting to accelerate industrial integration. The medium and long-term growth logic is clear.
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