Xiamen Changelight 2011 Earnings Up 29.7%


Xiamen Changelight (300102), a manufacturer of LED chips and epitaxial wafers,posted a 29.7 percent year-on-year increase in 2011 net profit attributable to shareholders to 177.84 million yuan, with earnings per share of 0.60 yuan, up 20 percent, reports 163.com, citing a company filing.

Operating revenue rose 26.85 percent year-on-year to 376.91 million yuan.

Sales of epitaxial wafers jumped 111.98 percent year-on-year to 55.95 million yuan.

The company had total assets of 1.84 billion yuan as of end 2011, up 7.05 percent year-on-year.

In addition, the company plans to distribute cash dividends of four yuan (pre-tax) for every 10 shares held, based on its total share capital of 295 million shares as of end 2011.

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