Qian Zhao company is a few of the high brightness LED chips quaternary is the most mass-produced three-junction GaAs solar cell chip vendors.
Quaternary bright red, yellow LED Dell Latitude D620 battery application fields and market growth, import substitution in a large space. 2012 global high-brightness LED market will reach 11.4 billion U.S. dollars, quaternary LED will account for 30% of them. The rapid development of domestic enterprises, the advantages of low cost and high cost will make localization rate rise.
Third-generation GaAs solar cells Dell PC764 to face the explosive growth opportunities. In the aerospace field, the next 5 years with the domestic space solar wafer market in more than 300,000. Company holds more than 50% of domestic market share, currently booked through the end of 2011. On the ground, with the concentrator solar cell system technology, in particular, the key module technology continues to mature, cost of electricity will continue to decline, the market will face the explosive growth opportunities.
Companies raise funds mainly invest in highlighting quaternary LED epitaxial wafers and chips, efficient three-junction GaAs solar Dell Latitude D820 battery cell wafer R & D center and corporate construction of three directions. The company will achieve rapid growth through the IPO, to consolidate its leading position in the segment.
Company has strong R & D capabilities, have complete independent research and development of GaAs solar cell technology. The company has a very high level of process control extension, Dell Latitude D830 battery making devices have a higher production rate, product consistency and higher yield. In recent years, operating income and net profit to maintain the momentum of rapid growth, integrated gross margin increased year by year, the cost rate decreased year by year.
Domestic listed companies in 2011 than the average price-earnings ratio is 41.91 times, we give the company in 2011 to 48 times price-earnings ratio of 40, after listing the objectives in the long-term range for the 85.11 ~ 102.13 yuan.