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While the growth of the single crystal growth furnace business is growing steadily, Tianlong Optoelectronics is developing steadily for the special equipment for photovoltaics represented by polycrystalline ingot furnaces and LED special equipments represented by sapphire crystal furnaces, and strives to develop into a complete supply of crystal equipment. Business.
Tianlong Optoelectronics began to develop sapphire furnace in 2009, and now it can realize small batch production. The company uses super-raised funds to jointly develop and produce MOCVD equipment with Huasheng Optoelectronic Equipment (Hong Kong) Co., Ltd. It is expected that prototype development will be completed in early 2012 and will open domestically. Localization of MOCVD equipment.
In addition, the company completed a 68% equity acquisition of Shanghai Jiemus Electronic Materials Co., Ltd., and used the 30 million yuan super-raised funds to achieve a 56.25% holding of Jintan Light Source. So far, the company has basically completed the crystal growth furnace. The core component layout. 
Tianlong Optoelectronics' net profit in the first half of the year exceeded MOP 100.
[High-tech LED News] Tianlong Optoelectronics (SZ: 300029) recently released the first half of 2011 financial report, the report shows that Tianlong Optoelectronics realized operating income of 418 million yuan from January to June 2011, an increase of 124.73%, operating profit of 103 million yuan. The year-on-year growth was 166.54%, and the net profit attributable to shareholders of listed companies was 61.32 million yuan, a year-on-year increase of 71.08%. The company's 2011-2012 P/E ratio is expected to be 40 times and 25 times respectively.