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Sanan Optoelectronics released the first quarterly report of 2013, achieving operating income of 629 million yuan, a year-on-year increase of 23%; net profit attributable to shareholders of listed companies was 160 million yuan, a year-on-year decrease of 18.77%; basic earnings per share was 0.11 yuan.
Sanan Optoelectronics said that the net profit during the reporting period decreased compared with the same period of the previous year, mainly due to the increase in the company's main business net profit, and the decrease in government grants related to income received in the current period compared with the same period of the previous year.
Sanan Optoelectronics signed an “Investment Cooperation Agreement for Sanan Optoelectronics (600703) Wuhu Photoelectric Industrialization Project†signed by the People’s Government of Wuhu City, Anhui Province, which agreed that the Wuhu Municipal People’s Government of Anhui Province should give the company a corresponding proportion of subsidies in accordance with the progress of purchasing MOCVD equipment. Up to now, 98 sets of 103 blue-green MOCVD equipments of Anhui Sanan Optoelectronics Co., Ltd. have been in normal production, and 5 of them have entered the end of commissioning. On April 23, 2013, the People's Government of Wuhu City, Anhui Province granted the total subsidy of the MOCVD equipment of Anhui Sanan Optoelectronics Co., Ltd. to RMB 13.384 million.
Sanan Optoelectronics said that the net profit during the reporting period decreased compared with the same period of the previous year, mainly due to the increase in the company's main business net profit, and the decrease in government grants related to income received in the current period compared with the same period of the previous year.
Sanan Optoelectronics signed an “Investment Cooperation Agreement for Sanan Optoelectronics (600703) Wuhu Photoelectric Industrialization Project†signed by the People’s Government of Wuhu City, Anhui Province, which agreed that the Wuhu Municipal People’s Government of Anhui Province should give the company a corresponding proportion of subsidies in accordance with the progress of purchasing MOCVD equipment. Up to now, 98 sets of 103 blue-green MOCVD equipments of Anhui Sanan Optoelectronics Co., Ltd. have been in normal production, and 5 of them have entered the end of commissioning. On April 23, 2013, the People's Government of Wuhu City, Anhui Province granted the total subsidy of the MOCVD equipment of Anhui Sanan Optoelectronics Co., Ltd. to RMB 13.384 million.
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