Dry Photoelectric: gross profit margin continues to rise, red LED prospects are worthy of optimism

The company released its 2010 third quarter results report: During the reporting period, the company achieved operating income of 208 million yuan, an increase over the same period last year.
68.06%; realized net profit of 95.47 million yuan, an increase of 87.36%; realized basic earnings per share of 1.04 yuan, diluted earnings per share of listed shares after the listing was 0.81 yuan.

The increase in gross profit margin has not decreased, higher than expected. In the first three quarters of this year, the gross profit margin was 62.34%, which was higher than the company's gross profit margin of 61.42% in the first half of the year.
In the situation that the red and yellow LED chip market is in short supply, the price of the chip is firm. The company continuously optimizes the product structure and increases the proportion of products with higher added value. This also shows the company's high level of epitaxial process. The gross profit margin of LED chips is expected to remain at 62% for the full year of 2010.
The company expects net profit attributable to owners of the parent company in 2010 to increase by 55%-70% compared with the same period of the previous year, which is basically in line with our expectations. The fundraising project The fourth MOCVD equipment in Yangzhou will be put in place next month, later than expected, but the epitaxial equipment in place is 60-piece, and the efficiency is higher than that of the 49-unit 22%.

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