[High-tech LED News] Domestic LED chip factory Ganzhao Optoelectronics recently released the first half of 2011 financial report. The report shows that Ganzhao Optoelectronics achieved revenue of RMB 182 million in the first half of this year, a year-on-year increase of 40.27%, and a net profit of RMB 87.87 million, a year-on-year increase. 45.68%. Due to the expansion of its subsidiary Yangzhou Ganzhao Optoelectronics' production capacity, its gross profit margin increased by 2.27 percentage points year-on-year to 63.69%.
At the end of September last year, Ganzhao Optoelectronics ordered 16 MOCVDs from AIXTRON AG of Germany for the Yangzhou subsidiary, with a total contract value of 201 million yuan. It is reported that the batch of equipment will arrive at the Yangzhou subsidiary factory before July 31, 2011. It is expected that the government will receive full subsidy in the second half of the year.
Zhang Xiaofei, dean of the Higher Industrial Research Institute, said that the current subsidy for MOCVD in Yangzhou City is 8 million to 12 million yuan per MOCVD. If it is calculated according to the 50% standard of government subsidized equipment procurement contracts, the company will obtain the second half of the year. The amount of government subsidies will exceed 100 million yuan.
At the end of September last year, Ganzhao Optoelectronics ordered 16 MOCVDs from AIXTRON AG of Germany for the Yangzhou subsidiary, with a total contract value of 201 million yuan. It is reported that the batch of equipment will arrive at the Yangzhou subsidiary factory before July 31, 2011. It is expected that the government will receive full subsidy in the second half of the year.
Zhang Xiaofei, dean of the Higher Industrial Research Institute, said that the current subsidy for MOCVD in Yangzhou City is 8 million to 12 million yuan per MOCVD. If it is calculated according to the 50% standard of government subsidized equipment procurement contracts, the company will obtain the second half of the year. The amount of government subsidies will exceed 100 million yuan.
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