Neo-Neon Holdings Co., Ltd. LED lighting revenue and earnings for this year would surge further after posting an unexpected growth last year, when global economy remained plagued by recession, according to its chief executive Ben Fan.
Thanks to accelerating replacements for traditional lamps with LED lamps, Fan said the firm's sales in mainland China for the first half of this year kept the same level as recorded for the whole 2009 .
He made this conclusion mainly on the company's planned additional 13 MOCVD machines by the end of this year. The company is now operating seven of the machines to make LED epitaxy wafers.
He added ,although the company's sales for last year slipped around 30% from a year earlier, its earnings and gross profit margin increased thanks to success in reining in costs and launching high-margin LED products.
Based on above, he estimated LED lighting products to account for 30% of the company's sales this year, up from last year's 10%. Followed by LED general lighting's 38.9%, the company's sales of LED decorative lamps generated gross profit margin of 41.8%.