Friday Rose 5.85%

China newspaper Notice: June 25, 2010 announcement, the preliminary calculation, the company is expected to be attributable to the 2010.5 annual shareholder net profit will be more than 90 million yuan, an increase of more than 429.13%, a year ago net profit of 17.0089 million yuan, the basic earnings of 0.04 yuan per share.　　Growth is due to further increase in the industry boom, the company led devices, discrete devices and integrated circuit product shipments continue to maintain a good growth momentum, the main business profitability has been significantly improved. Enhance production capacity: June 19, 2010 announcement, the company wholly-owned subsidiary Lanming Science and Core to Aixtron AG order 6 sets of MOCVD equipment, the total price of 16.3 million U.S. dollars.　　Aixtron AG, founded in Germany, is one of the major suppliers of MOCVD equipment, which is advantageous to further enhance the production capacity of lanming science and core led epitaxial tablets. Integrated circuit industry Leader: The company is the domestic integrated circuit design industry leader, after Datang Microelectronics ranked second, the company has mastered and has the technology to engage in high-end product development, core technology in the domestic industry at a high level, with a clear competitive advantage.　　The company has the most profitable IC field two business-chip design and manufacturing, with design and manufacturing synergies. Non-public Issue +led Project: January 2010, the proposed non-public offering 200.06 billion shares, the net amount of fund-raising (after deducting the issue fee) does not exceed 600 million yuan.　　Raise capital will be used for high brightness LED chip production line expansion project (499.8603 million yuan), supplementary liquidity (100.1397 million yuan). Semiconductor lighting Energy-saving concept: Lanming Science and Core has been successfully developed a high brightness of the blue, green LED chip, into the production phase and achieved good sales performance. In order to further expand the scale of production, April 07 company to the Lanming science and core unilateral increase of 50 million yuan, after the Lanming Science and core registered capital change to 200 million yuan (August 09, 70.99 million yuan acquisition of lanming Science and core 30.98% Equity, completed after the company will hold its 100% shares). The company has increased the production capacity of the LED tube core to 400kk/months and ordered 2 new MOCVD (which is expected to arrive at the end of the year).　　Slaming Core 09 To achieve sales revenue of 200 million yuan, net profit of 28.86 million yuan. State securities in the latest corporate research to give the company a cautious "recommended" rating. The current market for the company's led business is more certain, but to a certain extent, ignoring the company IC design and discrete device manufacturing growth space, the company after years of experience, has been in these areas in a leading position, if the additional success will bring greater capital support to the company,　　Initial estimates of the company's 2010-and 2011-year results were 0.4 and 0.59, giving the company a cautious referral rating. Haitong Securities also gave the company a "buy" rating. Through the research of unlisted LED chip enterprises, we realize that the micro-chip in LED chipsCore competencies, and has the basis of sustained growth. Believe that the future of the electronics industry will be sustainable, good companies can continue to benefit, but the overall performance of the whole chain increase limited. The company's LED business and IC business needs to be good, the company's performance overall increase elasticity, and get rid of most of the performance dependence on non-recurrent benefits, and enter mainly rely on the main endogenous growth situation, adjust the company 2010, 2011 Earnings per share of 0.50 yuan, 0.68 yuan, maintain the "buy" rating, The target price has been raised to 20 yuan.