San’an Opto Reports 40% Growth in 2014 Performance
China based San’an Optoelectronics (San’an Opto) released their 2014 half year (Jan. 1, 2014 to June 30, 2014) financial report, announcing a net profit of RMB 648 million (US $104.6 million), up 40 percent from RMB 462 million in the first half of 2013.
LED demands have not slowed as LED lighting penetration rate grows, said San’an Opto. The company has taken steps to further increase production capacity and profitability. This has led nonrecurring profit and loss attributable to market listed shareholders (equipment subsidy payments received will be included in non-recurring gains and losses) to increase 40 percent compared to the same period in 2013.