After announcing a strategic cooperation with STMicroelectronics, Sanan Optoelectronics has recently reported new developments in government subsidies and projects.

Hunan Sanan "tonic" 725 million yuan

On the evening of yesterday (6/29), Sanan Optoelectronics announced that Hunan Sanan had received two government subsidies from the Commerce and Market Supervision Bureau of Hunan Xiangjiang New Area Management Committee, namely: 525 million yuan in equipment purchase subsidies, 200 million yuan in subsidies The second phase of the start-up reward. In addition to the 6.2 million yuan of scientific and technological progress awards and excellent product awards received on January 5 this year, and the 209.6356 million yuan of industrial support funds received on March 30, Hunan Sanan received government subsidies in the first half of the year About 940 million yuan.

According to the statistics of Sanan Optoelectronics, from April 1 to June 29, 2023, the company and its subsidiaries received other government subsidies related to income of 26.7159 million yuan, plus the 725 million yuan this time, and the first quarter 50.4148 million yuan and 209.6356 million yuan, Sanan Optoelectronics received a total of about 1.012 billion yuan in government subsidies in the first half of the year. In terms of amount, Hunan Sanan received the highest proportion of subsidies.

In addition, Hubei San'an has recently received about 14.15 million yuan in scientific and technological progress awards, excellent product awards and other awards. The construction of the Mini/Micro display industrialization project in Hubei Sanan is also steadily advancing. The main products of this project include Mini/Micro LED epitaxial wafers and chips. Currently, the products have been supplied to customers such as Samsung, China Star Optoelectronics, Tianma, and Konka.

In terms of performance, Hubei Sanan performed well last year, achieving a revenue of 284 million yuan, a year-on-year increase of 316%, and its net profit was also successfully turned into a profit of 18 million yuan. This year, under the background of the recovery of downstream demand and the further development of emerging applications, the growth space and growth rate of Mini/Micro LED are highly optimistic. The performance has been raised to a higher level. The subsidy received above is also expected to have a positive impact on the performance of Sanan Optoelectronics this year.

The technical transformation project of automotive-grade power chips started

According to the Hunan Daily, on June 27, 83 projects in Xiangjiang New District, Hunan were started and completed intensively, one of which was Hunan Sanan's technical transformation project for improving the consistency of mass production of automotive-grade power chips. The total investment of the project is 300 million yuan, mainly aimed at upgrading the production equipment and supporting facilities for the current product line.

The Hunan Sanan Semiconductor project has a total investment of 16 billion yuan and will be constructed in two phases. The first phase of the project has been put into operation in June 2021, and the country's first SiC vertical integration covering substrate materials, epitaxial growth, wafer manufacturing, and packaging and testing has been built. industrial chain. According to news in May, Hunan Sanan's SiC production capacity has climbed to 15,000 pieces per month. The second phase of the project is expected to be completed this year. At present, the main building of the plant has been capped, and the supporting annual production capacity will reach 360,000 pieces after it reaches production capacity.

Last year, the cumulative shipments of Hunan Sanan SiC diodes exceeded 100 million pieces, and 7 products passed the vehicle certification and began to ship gradually. In terms of research and development progress, the current research and development of 8-inch substrates is progressing well. Last year, Hunan Sanan performed well, achieving annual revenue of 639 million yuan, a significant increase of 909% year-on-year. From January to February this year, Hunan Sanan's business maintained a rapid growth trend. The two-month sales are expected to exceed 200 million yuan, and the amount of customer orders received reached 559 million yuan. (Organized by LEDinside Janice)