On March 22nd, Tiantong Co., Ltd., a member of the G20-LED Lighting Summit, released its 2013 annual report. During the reporting period, the company achieved operating income of 1.256 billion yuan, up 11.13% over the same period of last year; net profit attributable to shareholders of listed companies was 12.14 million yuan, an increase of 106.16% over the same period of the previous year.
The announcement shows that the LED industry achieved sales revenue of 28.07 million yuan in the current period and achieved a gross profit of -771 million yuan. The increase in sales was mainly due to the mass production of the LED business unit in the second half of this period, but it still needs to purchase equipment, commissioning and improvement. The negative gross profit of the product is due to the new energy LED sapphire industry is still in the trial production period, the capacity has yet to be further improved. Under the influence of the high fixed cost in the previous period has not been fully diluted, the company's warehousing product cost has not yet reached the normal design level.
Tiantong shares said that the company's LED sapphire substrate business has mastered the growth technology of high-quality large-size sapphire crystals, and adopted the improved KY method crystal growth to realize the industrialization of the world's largest C-direction (90Kg) sapphire crystal with excellent performance. The sapphire substrate produced by the company is applied to LED chips and optical windows, and has been well received by customers. Affected by the continued growth of the LED lighting market, sapphire substrates are full of orders. In 2013, the capacity of the sapphire project was put into operation during construction, and the equipment commissioning, trial production and personnel training were relatively expensive. In 2013, the sapphire business achieved sales of 28.07 million yuan, which caused certain pressure on the company's operating performance.
The announcement shows that the LED industry achieved sales revenue of 28.07 million yuan in the current period and achieved a gross profit of -771 million yuan. The increase in sales was mainly due to the mass production of the LED business unit in the second half of this period, but it still needs to purchase equipment, commissioning and improvement. The negative gross profit of the product is due to the new energy LED sapphire industry is still in the trial production period, the capacity has yet to be further improved. Under the influence of the high fixed cost in the previous period has not been fully diluted, the company's warehousing product cost has not yet reached the normal design level.
Tiantong shares said that the company's LED sapphire substrate business has mastered the growth technology of high-quality large-size sapphire crystals, and adopted the improved KY method crystal growth to realize the industrialization of the world's largest C-direction (90Kg) sapphire crystal with excellent performance. The sapphire substrate produced by the company is applied to LED chips and optical windows, and has been well received by customers. Affected by the continued growth of the LED lighting market, sapphire substrates are full of orders. In 2013, the capacity of the sapphire project was put into operation during construction, and the equipment commissioning, trial production and personnel training were relatively expensive. In 2013, the sapphire business achieved sales of 28.07 million yuan, which caused certain pressure on the company's operating performance.
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