San'an Establishes Dominance in China's LED Industry

San’an has published its financial report for the third quarter of 2013, reflecting a year-to-date revenue of RMB 2.63 billion (US $431 million), representing an 11.86% year-over-year increase. The gross profit rose to RMB 761 million, with a margin growth of 14.07%. Notably, the net profit attributable to shareholders surged by nearly 60% to RMB 645 million. Despite a slight quarterly revenue drop to RMB 957 million—down 2.48% year-over-year—San’an’s chip sales remain robust, accounting for 80% of total revenue. The company’s gross profit margin increased considerably due to the high profitability of street lamp sales, which, despite lower revenues, signifies a healthy chip business. San’an aims to enhance its production with more than 250 MOCVD units, strengthening its position in the global chip market, and is expected to be a dominant player in chip shipments soon as industry competition intensifies.

San’an Establishes Dominance in China’s LED Industry

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