San'an Opto's Gross Margin rose to 44.41% during the first half of 2015. (San'an Opto/LEDinside)

San’an Opto released its financial results for the first half of 2015 on August 18, 2015.

The company’s sales reached RMB 2.3 billion (US$350 million) with 5.26% growth year on year (YoY). The reported net income available to shareholders is RMB 904 million, reflecting a 35.76% YoY growth.

As shown in the report, LED revenue rose to RMB 2.14 billion with 5.26% YoY growth while Gross Margin rose to 44.41% with 7.3% YoY growth.

The company is now developing and manufacturing high value-added products while expanding its application area by exploring the best civil-military cooperation pattern. In order to increase its added- value, the company is focusing on LED-based visible light communication systems (LiFi), promoting indoor and outdoor LiFi systems, automobile network system products, smart lighting monitoring systems and other integrated applications.

However, due to external reasons, Xiamen San’an Opto did not make any contributions in sales income which hindered growth during first half 2015. So far 15 MOCVDs are in the debugging phase. Production capacity and related efficiency will be seen in later stages of production.

The application products of San’an’s wholly-owned company Wuhu Anrui Opto has obtained several licenses issued by many automobile manufacturers. So far the company reached RMB 10 billion in sales revenue with 10.9 billion net profit.

On the other hand, the U.S. company Luminus Devices, which San’an Opto acquired in 2014, has undergone internal restructure and following development adjustment. Therefore, Luminus reported consecutive deficit for two years. So far Liminus’ sales revenue rose to RMB 58.93 million with RMB 6.63 million net profit.

A promising market outlook is expected with growing penetration rate of U.S.-based Luminus’ products.