Sanan Optoelectronics reported revenue of 202 million yuan*** in the first half of 2011, up 120% year-on-year

China's LED epitaxial chip maker Sanan Optoelectronics (600703.SH) announced that the company’s net profit attributable to owners of the parent company in the first half of 2011 was RMB 202 million, and EPS was RMB 0.36, which would increase by more than 120% over the same period of last year. .

Sanan Optoelectronics said that due to the expansion of the company's main business and the increase in the amount of non-recurring gains and losses, the performance has increased significantly.

Sanan Optoelectronics' previous announcement data showed that in 2010, Sanan Optoelectronic received local government subsidies of up to 750 million yuan, and the company’s net profit was 419 million yuan. On June 29, 2011, Sany Opto's holding subsidiary, Suncore Photovoltaic Technology Co., Ltd. received a total of 450 million yuan of financial subsidy from the Financial Bureau of Huainan Hi-tech Industrial Development Zone for the allocation of “Three Science and Technology”.