On February 7, Ganzhao Optoelectronics announced that the wholly-owned subsidiary Yangzhou Ganzhao Optoelectronics Co., Ltd. (hereinafter referred to as “Yangzhou Dry Photoâ€) recently received the Jiangsu Provincial Department of Science and Technology, Jiangsu Provincial Department of Finance, and Jiangsu Provincial State Taxation Bureau. The "High-tech Enterprise Certificate" jointly issued by the Jiangsu Provincial Local Taxation Bureau, certificate number: GR2017 32000694, the date of issuance: November 17, 2017, valid for three years.
This is the re-identification of the Yangzhou dry photo original high-tech enterprise certificate after the expiration of the validity period. According to the "Enterprise Income Tax Law of the People's Republic of China" and the "Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China" and other relevant regulations, Yangzhou Ganzhao can continue to enjoy the state's tax preferential policies for high-tech enterprises for three consecutive years since it was approved by high-tech enterprises. That is, the corporate income tax is paid at a rate of 15%.
According to Ganzhao Optoelectronics, since Yangzhou Dry Photo has temporarily calculated corporate income tax at the rate of 15% according to relevant regulations in 2017, this matter does not affect the operating results for 2017.
It is understood that Yangzhou Dry Photo is one of the largest red and yellow quaternary LED epitaxial and chip production bases in China.
As a high-tech enterprise specializing in the development, production and sales of high-brightness LED epitaxial wafers and chips of red, yellow and orange quaternary systems, Yangzhou Ganzhao produces ultra-high brightness red, The cost performance, production scale and product consistency of Huangguang epitaxial wafers and chips rank first in the country.
At this stage, the quaternary chip is used in sub-segments (automobiles, displays, infrared, etc.), and the MOCVD of red and yellow light is much less than that of blue-green light. There are only about 200 units in the world, mainly concentrated in China and Taiwan. After 2010, the red and yellow MOCVD machines have almost no expansion.
In addition, from the perspective of the domestic four-yuan market scale, the global red-yellow market in 2015 is about 2 billion. The increase in 2016 mainly comes from the small pitch and infrared LED field, which drives the entire market to grow by 30%. In 2017, small pitch LEDs are still an important catalyst for driving market growth. The market size of quad-chips is expected to grow from 2.7 billion in 2016 to 7.6 billion in 2020, with a four-year compound growth rate of 28%. In addition, the infrared chip used in VR/smartphones and the potential Micro LED market are expected to open up the growth potential of quad-chips.
At present, the domestic quaternary red-yellow LED epitaxial wafer and chip manufacturing enterprises mainly include dry-light photoelectric, Sanan Optoelectronics, and Huacan Optoelectronics. Among them, Ganzhao Optoelectronics and Sanan Optoelectronics are large in scale, and the technical level is leading in China.
However, with the expansion of chip companies such as Sanan Optoelectronics and Huacan Optoelectronics, Ganzhao Optoelectronics has also increased its investment in scale. In May last year, Ganzhao Optoelectronics plans to invest a total of 736,588,100 yuan to implement the expansion of red and yellow LED chips and triple-junction gallium arsenide solar cells, and the project site is Yangzhou dry.
It is understood that the main production equipment of Ganzhao Optoelectronics is 20 sets of quaternary MOCVD epitaxial furnaces and corresponding chip production equipment, as well as fire, environmental protection, safety and energy saving facilities required by the state, local and industry. The annual sales of the project reached 594,046,600 yuan, the sales income was 469,234,700 yuan, the profit before tax was 12,438,790 yuan, the net profit was 10,572,700 yuan, the gross profit margin was 32.51%, and the net profit rate was 22.53%.
In addition, on September 4, 2017, Ganzhao Optoelectronics announced that in order to support the expansion of the “red, yellow LED chip and three-junction gallium arsenide solar cell projectâ€, the company plans to carry out the dry film in Yangzhou. Capital increase. After the capital increase, the registered capital of the subsidiary will increase to 582 million yuan.
Through the capital increase of Ganzhao Optoelectronics, the expansion of Yangzhou Dry Photo "Red, Yellow LED Chip and Triple Junction Arsenide Solar Cell Project" will be further implemented, and further improve the overall operational capability and comprehensive competitiveness.
Through a series of operations, Yangzhou Dry Photolight has been enhanced in both the red and yellow quaternary LED epitaxy and chip fields, both in terms of production scale and overall comprehensive competitiveness.
Of course, in addition to expanding the scale of production, dry photo optoelectronics also attaches great importance to product quality. It must be mentioned that in order to improve the quality of chip products and better serve customers, on March 15 last year, Yangzhou Ganzhao and TESCAN reached a strategic cooperation. Yangzhou Dry Photo purchased a dual-beam focused scanning electron microscope system with a resolution of 1nm from TESCAN, which can meet all the requirements of the user for sample observation.
It is reported that this FIB-SEM is equipped with a focused ion beam system and a gas injection system of a gallium ion source. By using them together, the sample can be cut in the nanometer and micrometer-scale regions, so that the internal observation of the sample is performed by an electron microscope. become possible.
Thanks to the high attention to quality, the dry photo-electricity defect rate has been greatly reduced, and the stability and reliability of product performance and quality have been greatly improved. In addition, as the company's large-scale production advantages continue to emerge, lean production is further deepened, and product gross margin continues to climb.
Of course, the company's series of operations are inseparable from the excellent management team. In 2018, Yangzhou’s “Management Team†carried out a new round of adjustment. On January 15, Yangzhou Ganzhao Optoelectronics Co., Ltd. convened the board of directors to deliberately appoint Mr. Zhang Guoqing, the former deputy general manager of Yangzhou Company, as the general manager of Yangzhou Company, and deliberated and agreed to hire Mr. Du Shilei, Mr. Ma Xiangzhu and Mr. Peng Yuren as the deputy general manager of Yangzhou Company. .
Ganzhao Optoelectronics said that the above appointment is conducive to the further improvement of the subsidiary's governance structure and is conducive to the standardized operation and development of the subsidiary. It is believed that under the leadership of the new leadership team, Yangzhou will take the initiative to set sail, and in the future, it will occupy a more important position in the field of LED extension and chip in the red and yellow quaternary system.
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