Sanan Optoelectronics expects net profit in 2010 to increase by more than 1.3 times

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%.

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