Sapphire income nearly 100 million crystal photoelectric homeopathic cut into the consumer electronics field

[Text / high-tech LED Zhao Hui] Although the price of LED sapphire substrate began to decline significantly, but Crystal Optoelectronics successfully cut into the smart phone, smart wear field, looking for a new revenue growth point for sapphire.

On August 25th, Crystal Optoelectronics (002273.SZ) released the 2015 semi-annual report. According to financial report data, Crystal Optoelectronics' operating income reached 538 million yuan in the first half of the year, up 23.51% year-on-year; net profit attributable to shareholders of listed companies was 83.162 million yuan, an increase of 1.10% over the same period last year.

Among them, LED sapphire substrate and other business sales revenue reached 95,854,400 yuan, an increase of 10.65%, the gross profit margin also remained at 27.56%.

According to Crystal Optoelectronics, despite the good momentum of the LED industry, the industry disputes are extremely fierce. While the company's LED sapphire substrate business achieves economies of scale in expansion, the price is lower, the product profit is greatly affected, and the risk of accounts receivable in the domestic market is increasing. With the expansion of sapphire optical applications, the company is actively involved. The technical research and development and market development of the products have been successfully cut into the fields of smart phones and smart wear, and the development momentum of sapphire optical products is beginning to emerge.

On June 28, 2015, the crystal photoelectric private placement plan was approved by the CSRC. On August 4th, Crystal Optoelectronics issued additional shares, and received a total net proceeds of 1.197 billion yuan. According to the plan, Crystal Optoelectronics plans to invest 386 million yuan for the expansion of the filter assembly. At the same time, the use of raised funds is 586 million. Yuan is used in sapphire crystal growth and deep processing projects.

Prior to this, Crystal Optoelectronics Secretary Kong Wenjun said in the reception of institutional investors that the company's current sapphire industry chain is temporarily focused on the upstream, and the existing LED sapphire substrate continues to "repair the internal strength", the entire product structure, From 2 inches to 4 inches or even 6 inches; adjust the market structure, to the domestic market to the domestic and foreign markets coexist; graft new technology to maintain the advantages of differentiation to ensure that the industry is at the forefront;

At the same time, Crystal Optoelectronics began to extend to the upstream “Sapphire Crystal” field, established a long crystal base, stabilized the source of sapphire raw materials, and prepared strategically to cope with the rapid expansion of sapphire in the field of optics. It is understood that Crystal Optoelectronics has basically absorbed and digested 30KG, 60KG sapphire crystal growth technology, and is currently developing 85KG sapphire crystal growth technology.

In the semi-annual report, Crystal Optoelectronics expects that the company's net profit will remain between 1-140 million yuan in the first three quarters.

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