China's listed LED companies benefited from fiscal subsidies in 2011

Recently, of the more than 40 listed companies affiliated with the LED industry in China, 22 companies have announced performance forecasts, 17 of which have been pre-incremented (with a slight increase of 8), and 5 companies have been reduced. From the perspective of pre-incremented companies, government subsidies are still an important source of income for companies that have experienced substantial growth in profits.

From the perspective of pre-incremented companies, Sanan Optoelectronics expects its net profit to grow by more than 110% year-on-year, and it expects to realize a net profit of 880 million yuan. Bundånd Runda expects 2011 net profit to be approximately 352 million to 411 million yuan, an increase of 80% over the same period of the previous year. ~ 110%, both are upstream companies in the LED industry chain.

However, insiders pointed out that although the increase rate is relatively high, from the financial data, government subsidies are still an important source of Sanan Optoelectronics' revenue. In its three quarterly reports, government subsidies included in the current profit and loss amounted to 598 million yuan, after which it received government subsidies totaling 467 million yuan. Similarly, the government subsidy for Bundesland Runda's third quarterly report has reached 299 million yuan, after which the subsidiary received a government subsidy of 20 million yuan.

At the same time, some companies without government subsidies, such as Zhou Ming Technology's 2011 annual net profit increased by 0% to 10%, the LED lighting field in the proportion of total revenue revenue of Hongli Optoelectronics, net profit increased by 5% to 20%. In the current process of reshuffling the LED industry, although the performance growth rate is relatively limited, it is not easy.

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