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Tianlong Optoelectronics' 2010 results are in line with expectations, and the sales of single crystal furnaces will continue to be strong. Benefiting from the rapidly growing PV market in 2010, the company's fist product monocrystalline furnace production and sales boomed, with a single business income of 426 million, accounting for 94% of annual operating income. Although the 10-year gross profit margin fell rapidly, after the acquisition of 68% of James's equity, the core components of the company's single crystal furnace were basically completed, and the gross profit margin is expected to remain stable in the future.
The sales of single crystal furnaces will continue to grow steadily in 2011 and 600 orders have been made. The company used super-raised funds to acquire and establish joint ventures to cut into the business fields of graphite thermal field and MOCVD, promote the research and development of new products, vertically integrate and diversify the LED equipment industry chain, and open up the upward valuation space. 
Tianlong Optoelectronics' Performance Growth Stable to Build LED Equipment Industry Chain
[High-tech LED News] Tianlong Optoelectronics disclosed its 2010 annual report: the company achieved operating income of 452 million yuan in 2010, an increase of 52.63% over the same period of the previous year; operating profit of 105 million yuan, an increase of 31.76% over the same period of the previous year, attributable to listed companies The net profit of shareholders was 85.38 million yuan, an increase of 24.83% over the same period of the previous year. The basic earnings per share was 0.43 yuan.