Han's laser LED business revenue in 2010 may reach 400 million yuan


Yuanheng Optoelectronics is principally engaged in the development, production and sales of LED indoor and outdoor displays and semiconductor lighting appliances. From January to October 2009, sales were 53.15 million yuan and net profit was 2.12 million yuan. The 2008 and 2009 net sales margins were both 4.0%. After the completion of the acquisition and capital increase, the company held a total of 51% of Yuanheng Optoelectronics and included it in the consolidated statement.

The company's original business platform in the field of LED is Dazu Optoelectronics, which is mainly engaged in the production and sales of LED automatic packaging and test equipment such as SMD spectrometer, SMD loader and high-speed planar solid crystal machine. The company's shareholding ratio is 86%. At present, Dazu Optoelectronics is conducting independent research and development and testing of LED wire bonding machines. If it can be launched smoothly and mass production, the company will become a full-service LED packaging and testing equipment provider.

In order to further improve the layout of the LED industry chain and quickly enter the application field of LED products, the company takes Dazu Optoelectronics as the entry point, and has successively controlled downstream customers such as Guoye Xingguang Electronics, Lusheng Optoelectronics and Yuanheng Optoelectronics through acquisition and capital increase. The equity ratios are 51%, 100% and 51%, respectively, which are gradually involved in the packaging, system and component design and production of LED display and high-power lighting devices. The downstream applications involve indoor and outdoor display, traffic lights, lighting, and automotive lighting. , urban lighting and other fields.

Large-scale infrastructure investment in airports and highways, as well as large-scale exhibitions and events such as the Shanghai World Expo and the Guangzhou Asian Games, will drive demand for indoor and outdoor displays, LED traffic lights, signal lights, and street lights. The company's entry into the LED display and lighting market shows that the company is actively involved in the development of emerging industries, providing potential opportunities for the company's future performance growth.

We expect the company's LED business revenue to exceed 200 million yuan in 2009. Under the premise of smooth market expansion, the LED business revenue in 2010 may reach 400 million yuan, and the net profit scale is 30-40 million yuan.

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