[High-tech LED News] Recently, Tiantong Co., Ltd. announced its 2011 mid-year report, and announced that it will carry out an annual production of 600,000 pieces of 4-inch LED sapphire substrate material technology transformation project, and acquire Lu'an Tianying Electronic Technology for RMB 19,147,900. 100% equity of the company.
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Tiantong Co., Ltd. realized operating income of RMB 807.23 million, an increase of 57.63% over the same period of the previous year; realized operating profit of RMB 17.64 million, down 21.75% over the same period of the previous year; net profit attributable to shareholders of listed company was RMB 23.5021 million, down from the same period of the previous year. -22.16%.
In the technical transformation project of sapphire substrate materials, it will invest 360 million yuan. After the project is put into production, it is estimated that the annual sales income will be 298.8 million yuan (including tax), and the average annual profit will be 77.327 million yuan. Tiantong Co., Ltd. said that since the beginning of last year, it has been actively deploying the LED sapphire industry, introducing and digesting Japan's advanced crystal growth technology and wafer cutting and polishing technology, and is committed to the research and development, manufacturing and sales of high-quality sapphire substrates.
Tiantong shares pointed out that its investment in 4-inch sapphire single-chip is currently the mainstream product, and the technical requirements are relatively high. In terms of the size of the sapphire single wafer, the larger the size, the higher the technical requirements and the lower the cost. At present, the price of sapphire substrate material fluctuates greatly, the 2-inch film is more prominent, and the 4-inch film is currently relatively stable, but it is expected that the price will be affected in the future.
In addition, Tiantong shares said that the acquisition of Lu'an Tianying Electronics is conducive to solving the bottlenecks of the company's key new materials and new energy, land, energy and talents, reducing the production cost of magnetic materials and providing new services for the original business. The vitality and development space enhances the company's ability to continue operations. 
