Guangdong Ganhua's net profit last year was 35.88 million, down more than 20% year-on-year.

Guangdong Ganhua, which is a transformation LED, announced its 2013 annual report on Friday. In 2013, Guangdong Ganhua achieved operating income of 451 million yuan, down 3.82% year-on-year; realized net profit attributable to owners of the parent company of 35.878 million yuan, down 23.9% year-on-year; as of December 31, 2013, the company's total assets was 1.477 billion yuan. Yuan, net assets of 1.018 billion yuan.

Mass production of LED products this year

In the annual report, Guangdong Ganhua said that the company has successfully completed various annual business tasks in general, and the overall development trend is good. In 2013, Guangdong Ganhua achieved operating income of 451 million yuan, a year-on-year decrease of 3.82%, of which biochemical products operating income was 60 million yuan, a significant decline year-on-year. Paper trading business income was 377 million yuan, which was flat year-on-year.

Guangdong Ganhua said that the decline in revenue of the biochemical industry was mainly affected by the sluggishness of downstream enterprises, and the sales volume of products declined. At the same time, due to the impact of environmental engineering construction, the production capacity could not be effectively utilized. Under the factors of sluggish paper market and falling prices, the company's paper sales increased by 6.0% year-on-year, achieving the annual sales target. At the same time, we must do a good job of returning funds and reduce business risks.

After Delixi entered the Guangdong Ganhua, the transformation to LED has become the general trend of the company. In 2013, Guangdong Ganhua's controlling shareholder Deli Optoelectronics solidly promoted the construction of LED epitaxial wafers and chip projects, and completed the procurement of 10 MOCVD machines and other production equipment, supporting facilities and accessories materials as planned, and completed civil engineering and factory services. The main system was installed and the system was debugged. The first epitaxial wafer was successfully lit before the end of the year and began to enter the commissioning production.

In the annual report, Guangdong Ganhua clearly stated that in the future, the company will base on the production of LED epitaxial wafers and chip production projects, and gradually build the LED industry chain. This year, the company aims to achieve mass production of LED epitaxial wafers and chip production lines, and expand to the middle and lower reaches to build a full LED industrial chain.

In addition to LED, biochemical industry and paper industry are also in the layout of Guangdong Ganhua. Nandu reporter learned that at present, Guangdong Ganhua is stepping up construction of yeast bioengineering technology renovation and expansion project to expand the production capacity of superior products.

"Three old" land transfer delay

At the same time, Guangdong Ganhua also announced that the company is in the process of negotiating the adjustment of land control detailed planning with the Jiangmen municipal government, and has not officially started the land transfer procedure. Land transfer is expected to be completed by the end of 2014.

Many investors hope that after the 850-acre "three old" transformation land is transferred, the land compensation huge sum can invest in the LED business. In this regard, Guangdong Ganhua did not disclose clear information on the investment platform of the Shenzhen Stock Exchange. In the announcement, Guangdong Ganhua said that in order to cooperate with the company to carry out the “three old” transformation projects and other related work, the company plans to establish a wholly-owned subsidiary with a registered capital of 10 million yuan. The company holds 100% of its equity, mainly engaged in investment, Home ownership, consulting and other services. The wholly-owned subsidiary is mainly to accelerate the implementation of the “three old” transformation project and promote the company to achieve its strategic goals.

In March 2011, Delixi Group Co., Ltd., the controlling shareholder of Guangdong Ganhua, signed the “Share Transfer Agreement” and “Supplemental Agreement” with the original controlling shareholder Jiangmen Asset Management Bureau, and made an agreement on the share transfer and related matters. It is stipulated that: “Jiangmen City will include all the land of ST Ganhua in the headquarters of the company in the “Three Olds” transformation within one year after the signing of this agreement, and the land will be converted into commercial and residential land according to the urban planning, and the land will be sold within three years. After the land is sold, ST Ganhua will be compensated according to relevant policies."

However, the three-year deadline is coming, and the transfer is still not eye-catching, which has made many investors very dissatisfied. According to the reply of Jiangmen “Three Old Offices”, Jiangmen City Land and Resources Bureau completed the land public transfer procedure before the end of December 2013, and the land transaction amount was delivered to the company before the end of December 2014.

In the announcement, Guangdong Ganhua said that it is not expected to complete the transfer of the original factory area of ​​the company to the “three old” transformation area according to the time agreed in the “Supplemental Agreement”. "At present, the company and the municipal government are negotiating on the adjustment of land control detailed planning, and the land transfer procedure has not been officially launched. It is expected that the land transfer will be completed before the end of 2014.