Significant growth in performance, large contribution to subsidy income
The company's 10-year operating income was 863 million yuan, net profit was 419 million yuan, net profit after deducting non-recurring gains and losses was 239 million yuan, up 83%, 132% and 91% respectively, of which non-recurring profit and loss contributed 43%. Non-recurring income of 254 million yuan, mainly due to the government subsidy income of Anhui Wuhu Subsidiary. The company's book as deferred income is expected to be included in the future net profit of subsidy income of 547 million yuan, is expected to receive government subsidies of about 650 million yuan this year, these income will be evenly distributed within the useful life of the relevant assets, included in the current period profit and loss.
LED chip capacity will continue to grow rapidly
The company has been in production for 10 years and contributed 40 million yuan in profit. The 107 sets of main equipment scheduled for the Wuhu project have now reached 48 sets, 38 sets have been installed, and 15 sets are in the stage of trial production. With the gradual production of Tianjin Company and the gradual commissioning of Wuhu Company, it is expected that the LED chip production capacity will increase by more than 2 times in 10 years compared with 10 years, and LED chip revenue will maintain a substantial growth trend. If the investment in the second phase of Wuhu is implemented, the 14-year production capacity will be about 8 times that of 10 years.
Vigorously expand LED downstream applications
The company vigorously expanded the downstream sales of LED chips: First, it received orders from Wuhu and Huainan municipal governments. In 11 and 12 years, there were 350 million yuan of high-power street lamp orders, and the second was to expand downstream applications such as automobiles and backlights. On the one hand, it becomes a new source of income for the company, on the other hand, it ensures the sales of LED chips.
CPV project accelerates
The company's 60%-owned solar core PV promotes the CPV project. The total investment is planned to be 8 billion yuan. The production capacity will be 200MW in 11 years. It is expected that the order will gradually increase in 12 years and begin to contribute profits.
YUEQING WEIMAI ELECTRONICS CO.,LTD , https://www.wmconnector.com