Sanan Optoelectronics' net profit for the first three quarters was 760 million, up 14% year-on-year

On the evening of October 30, Sanan Optoelectronics (600703) disclosed the third quarterly report. From January to September 2013, the company achieved operating income of 2.63 billion yuan, a year-on-year increase of 11.86%; net profit attributable to shareholders of listed companies was 760 million yuan, an increase of 14.07%, mainly due to the substantial increase in net profit of the company's main business, non-recurrent The amount of the profit and loss project was significantly reduced; the earnings per share was 0.53 yuan.

Sanan Optoelectronics achieved operating income of 957 million yuan in the third quarter of 2013, down 2% from the previous year; net profit attributable to owners of the parent company was 297 million yuan, up 48% from the previous year; basic earnings per share was 0.21 yuan.

The announcement shows that Xiamen Sanan Optoelectronics Technology Co., Ltd., a wholly-owned subsidiary of Sanan Optoelectronics Co., Ltd., will add 20 international single-cavity machines or five four-cavity machine-connected gallium nitride MOCVD equipment and expand some LED chip production lines.

Sanan said that at present, the batch of equipment has reached three connected machines, which are in the stage of installation and commissioning. It is expected to contribute capacity in the fourth quarter of this year.

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