Affected by price decline, Huacan Optoelectronics' net profit in 2012 decreased by 30% year-on-year

G20-LED Summit member company--Huacan Optoelectronics released its 2012 annual report. Due to the price drop, the operating income during the reporting period was 330 million yuan, a decrease of 30.38% compared with the same period of last year. The operating profit was 32.359 million yuan, a decrease of 75.95% compared with the same period of last year. The total profit was 108 million yuan, a decrease of 25.42% compared with the same period of last year; the net profit was 87.336 million yuan, a decrease of 29.93% compared with the same period of last year; the net profit attributable to the shareholders of the parent company was 87.336 million yuan, a decrease of 29.93% compared with the same period of last year.

Since its establishment, Huacan Optoelectronics has been engaged in the research, development, production and sales of LED epitaxial wafers and chips. The main products are GaN-based high-brightness blue and green LED chips. The high-brightness blue and green LED chips produced by the company can be widely used in high-end applications such as full-color display, backlight and lighting after being packaged by customers.

Huacan Optoelectronics said that during the reporting period, the sales volume of chips applied to display screens increased by 22.65% over the previous year. At the same time, major breakthroughs were made in the sales scale of Blu-ray chips for white-light packaging, with sales accounting for more than 10% and an increase of 1262. %, successfully entered a new application area. However, as the average unit price of sales decreased by 49.28% compared with the previous year, sales revenue and net profit decreased compared with the same period of last year.

The focus of the company's market development in 2012 is to enter the white lighting and backlight market. Actively participate in the 8th Guangzhou International LED Exhibition, the 17th Guangzhou International Lighting Exhibition, the 2nd Gaogong LED Exhibition, the 14th CIOE China International Optical Expo and the 9th China Optical Valley International Optoelectronics A series of exhibitions, such as the Expo, have had a positive impact on the company's brand image and product promotion.

On April 17, 2013, the 21st meeting of the first board of directors of Huacan Optoelectronics reviewed and approved the 2012 Profit Distribution Plan: Based on the company's shares of 200 million shares on December 31, 2012, the company All shareholders will be paid 1.00 yuan (including tax) for every 10 shares, and a total of 20 million yuan will be distributed. The remaining undistributed profits will be carried over to the next year. Based on the company's total share capital of 200 million shares, the capital reserve will be transferred to all shareholders for 5 shares for every 10 shares. After implementation, the company's total share capital increased to 300 million shares. The above profit distribution plan shall be submitted to the company's 2012 annual general meeting for consideration and approval.


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