San’an Claims Top Position in China's LED Industry

San’an’s financial results for the third quarter of 2013 indicate a robust performance with a revenue of RMB 957 million, although this reflects a slight year-on-year decline of 2.48%. For the first three quarters of the year, the company reported a total revenue of RMB 2.63 billion, representing an 11.86% increase compared to the previous year. Notably, the net profit attributable to company stockholders surged by nearly 60%, reaching RMB 645 million. The decline in quarterly revenue is attributed primarily to poor sales in the street lamp and solar energy sectors, despite strong growth in chip sales, which accounted for 80% of total revenue. With plans to expand its chip business, San’an is on track to enhance its production capacity significantly, positioning itself competitively in the global chip market against rivals like Epistar and Huga Optotech. The company’s strategic focus on improving product quality and reducing reliance on governmental subsidies is expected to further solidify its market leadership as it navigates through increasing competition in the industry.

San’an Claims Top Position in China’s LED Industry

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