Dehao Runda: 20% increase in net profit in the first half of the year, more than 70 MOCVD will be put into production

On August 28th, Dehao Runda released the 2012 semi-annual report. During the reporting period, DeHao Runda's total operating income was approximately 1.224 billion yuan, down 1.01% year-on-year; total profit was approximately 149 million yuan, up 12.57% year-on-year; net profit attributable to listed company shareholders was approximately 124 million yuan, up 21.50 year-on-year %.

Dehao Runda said that during the reporting period, the production capacity of epitaxial wafers and chips of the company's Wuhu and Dalian LED industry bases continued to be released. More than 20 MOCVD equipments have been mass-produced. It is expected that the company will have more than 70 MOCVD equipment inputs in the second half of the year. Mass production, LED chip product performance indicators reached the same level as Taiwan's main manufacturers, becoming the world's leading provider of high-brightness LED chips. As the company's chip production reaches scale production capacity, and high-brightness and high-power chips are put on the market in batches, it will become the driving force for the company's performance growth.

Dehao Runda believes that the LED industry has experienced rapid market growth in recent years, which has caused the company's LED business to face fierce market competition. The sales of LED products in the first half of the year were lower than the company's expectations. However, the direction of national and local government support for LED energy conservation and environmental protection industry has not changed. With the notice of the Guangdong Provincial People's Government on Printing and Distributing the Implementation Plan for Promoting the Use of LED Lighting Products in Guangdong Province in May 2012 (Guangdong Letter [2012] No. 113) The release, as well as the company's US, Europe, Japan, Southeast Asia and other overseas market layouts gradually completed and gradually entered the harvest period, Dehao Runda is cautiously optimistic about the development prospects of the LED business.

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