Sanan Optoelectronics (600703) announced on Tuesday evening that it expects the company's 2010 net profit to increase by more than 130%.
In the same period last year, the company achieved a net profit of 180 million yuan and earnings per share of 0.71 yuan.
According to the company, due to strong market demand for LED products, Tianjin Sanan Optoelectronics Co., Ltd., a wholly-owned subsidiary of the company, gradually put into production and generated benefits, resulting in a significant increase in the company's 2010 net profit.
Sanan Optoelectronics closed at 48.38 yuan on Tuesday, up 5.49%.
In the same period last year, the company achieved a net profit of 180 million yuan and earnings per share of 0.71 yuan.
According to the company, due to strong market demand for LED products, Tianjin Sanan Optoelectronics Co., Ltd., a wholly-owned subsidiary of the company, gradually put into production and generated benefits, resulting in a significant increase in the company's 2010 net profit.
Sanan Optoelectronics closed at 48.38 yuan on Tuesday, up 5.49%.
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