LED chip production has increased significantly, and Jucan Optoelectronics' net profit in 2021 increased by 728% year-on-year

On January 28, Jucan Optoelectronics released its 2021 annual report, stating that the company achieved operating income of 2.009 billion yuan in 2021, a year-on-year increase of 42.83%; the net profit attributable to shareholders of the listed company was 177 million yuan, a year-on-year increase of 728.43%.

In 2021, Jucan Optoelectronics' annual LED chip output will be 18.94 million pieces, an increase of 63.12% from 11.61 million pieces in 2019 and 36.83% from 13.85 million pieces in 2020. The output continues to grow, repeatedly setting new historical highs. After the raised funds are in place, the company actively promotes the implementation of the "High-efficiency LED Chip Expansion and Upgrade Project", optimizes and adjusts the product structure while achieving capacity increase, and focuses on high-end LED chips represented by Mini LED, automotive flip chips, high-quality lighting, plant lighting, etc. At the end of the reporting period, the production capacity has been phased in, and as the project progresses in the future, the production capacity will be accelerated.

At the same time, Jucan Optoelectronics continued to increase its investment in product research and development and technological innovation. The gross profit margin of its main business products increased by 6.79% over the previous year, with a growth rate of up to 33.07%. The company has reached the domestic first-line level in the fields of high-end LED chips such as high light efficiency, backlight, high voltage and flip-chip. The R&D team has successfully solved the technical difficulties of poor yield of new composite substrates, greatly improving the performance of chip products; continuously optimizing process technology, shortening the duration of epitaxial wafer stacking procedures, and increasing the speed of chip circulation, effectively enhancing the market competitiveness of products. Mini LED products have been verified by customers, and silver mirror products have passed the design test samples. The high-bandwidth GaN-based visible light communication chip jointly developed with the Institute of Semiconductors of the Chinese Academy of Sciences is progressing smoothly. With the arrival of newly purchased MOCVD equipment and chip process equipment, mass production of new products can be expected.

Relying on advanced industry technology, stable product quality and perfect after-sales support, Jucan Optoelectronics' products have gained close cooperation and high recognition from well-known domestic and foreign LED packaging and application manufacturers such as Seoul Semiconductor, Taigu Optoelectronics, Hongli Zhihui, and MLS, and have become their important GaN-based high-brightness chip supplier, establishing a high degree of visibility and reputation in the industry.