On the evening of June 25, Sanan Optoelectronics issued three announcements, or related to "tonic", or foreign investment, or the transfer of equity in related subsidiaries, causing an uproar in the industry.
Sanan Optoelectronics announced that Quanzhou Sanan Semiconductor Technology Co., Ltd. (hereinafter referred to as “Sanan Semiconductorâ€), a wholly-owned subsidiary of the company, received a payment of 192 million yuan for equipment purchases from Nan'an High-tech Industrial Park, and has confirmed it as deferred. income. It is understood that Sanan Semiconductor has signed a equipment purchase agreement and paid the advance payment. According to the "Investment Cooperation Agreement" signed between Quanzhou and Nan'an Municipal Government and Sanan Optoelectronics, the Nanan Municipal Government has approved that the payment amount agreed with the equipment purchase contract and the payment schedule will be paid in the same period, and the Sanan semiconductor equipment purchase subsidy will be paid in the same proportion. Sanan Semiconductor received the payment on June 22, 2018.
Looking back at Sanan Optoelectronics since the first half of 2018, the government subsidies it received have reached 972 million yuan, far exceeding the 486 million yuan in the previous year. However, the government subsidies received by several other chip-listed companies are far less than those of Sanan Optoelectronics. This shows that the scope of government subsidies is more and more centralized, and then closer to several leading enterprises. Of course, the replenishment is also the result of Sanan Optoelectronics' increased investment in the industry, and behind it is the "ambition" to further increase the market share of LED chips.
On the same day, Sanan Optoelectronics also announced that the company's wholly-owned subsidiary, Hong Kong Sanan, plans to establish a wholly-owned subsidiary in Hong Kong. Hong Kong Sanan invested US$1 million in its own currency, accounting for 100% of the registered capital. The name is tentatively set for Hong Kong Optical Technology Co., Ltd. It is understood that Hong Kong Optical Technology Co., Ltd. is mainly engaged in research, development, production and sales of optical communications. Sanan Optoelectronics said that this investment is in line with the company's industrial development direction and development strategy, which is conducive to the company's ability to improve research and development, and expand and strengthen its main business.
In addition, Sanan Integrated, a wholly-owned subsidiary of Sanan Optoelectronics, transferred its 2% stake in Xiamen Sanan Huanyu Integrated Circuit Co., Ltd. (hereinafter referred to as “Sanan Huanyuâ€) to GCS Holdings, Inc. Hereinafter referred to as "GCS").
It is understood that Sanan Huanyu was established on February 23, 2017, a joint venture between Sanan Integration and GCS. The registered capital of the joint venture company is 4 million US dollars, of which Sanan Integration invested US$2.04 million in its own monetary funds, accounting for 51% of the registered capital of the joint venture company; GCS contributed US$1.96 million in monetary funds, accounting for 49% of the registered capital of the joint venture company. Gaogong LED understands that Sanan Huanyu's business scope mainly develops, manufactures and sells its own products for mobile phone RF, filters, optical communication chips, power managers, optical fibers and new technologies, as well as sales of other mobile phones' RF and filters. Optical communication chip, power manager, optical fiber.
After the equity transfer, Sanan Integrated holds a 49% stake in Sanan Huanyu, GCS holds a 51% stake in Sanan Huanyu, and Sanan Huanyu will no longer be included in the consolidated statement of Sanan Optoelectronics. Sanan Optoelectronics said that the compound integrated semiconductor business is the key development direction of the company in the future. After the completion of the equity transfer, it will help promote the development of the company's compound semiconductor market and increase market share.
In its 2017 annual report, the company pointed out that in 2018, the company's development strategy will continue to enhance the LED market share and accelerate the pace of compound integrated semiconductor integrated circuits. From the announcement of Sanan Optoelectronics, whether it is investing in a subsidiary or transferring the equity of a subsidiary, it is carried out around the compound integrated semiconductor business. It can be seen that Sanan Optoelectronics, which has an absolute leading position in the field of LED chips, will be a compound-integrated semiconductor in the next battlefield.
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