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One is the leader in the domestic LED industry, one is the earliest listed LED company in Taiwan, and Sanan Optoelectronics (600703) is a strong joint venture. Sanan Optoelectronics said that the two sides will carry out all-round cooperation in procurement, production and sales, laying a solid foundation for building a world-class LED enterprise.
It is reported that Yanyuan Optoelectronics is one of the earliest listed LED companies in Taiwan, and the company's comprehensive strength is currently ranked second in Taiwan. After long-term research and development and technology accumulation, the core patent technology obtained by Yuyuan Optoelectronics totals about 190, including more than half of the invention patents. Yuyuan Optoelectronics has strong competitiveness in blue, green, ultraviolet epitaxial wafers and chips, and has obtained the certification of many international first-class manufacturers, with strong international market influence and market development capabilities.
Sanan Optoelectronics is a leading LED industry in China, and its LED epitaxial wafer and chip production scale ranks first in China. The company has a complete industrial chain, covering the upstream chip and downstream applications, with vertical integration manufacturing advantages and abundant market resources. At present, Sanan Optoelectronics has nearly 200 patented technologies, and its product performance indicators are among the world's leading.
As of the first half of 2012, the total assets of Haoyuan Optoelectronics was approximately RMB 4,024 million and the net assets were approximately RMB 2.787 billion. The main business income in the first half of the year was approximately RMB 500 million, with a loss of RMB 46.24 million.
It is understood that the sales market of Yuyuan Optoelectronics is mainly in South Korea, Taiwan and other regions. The sales volume in the mainland market is less than 10% of its revenue, and Sanan Optoelectronics leads the domestic market with strong production scale and vertically integrated manufacturing advantages. The cooperation between the two parties in procurement, production and sales will help to consolidate their respective advantages in the product and market sectors and enhance their international competitiveness in the LED industry. 
Sanan reprimanded 506 million yuan (holding 19.9%) to become the largest shareholder of Yuancheng
Sanan Optoelectronics (600703) announced that its wholly-owned subsidiary, Xiamen Sanan Optoelectronics Technology Co., Ltd., plans to use NT$2,252 million (approximately RMB 506 million) to subscribe to the company listed on the Taiwan Stock Exchange. No more than 120 million private equity shares issued by private placement. After the transaction is completed, Xiamen Sanan will become the largest shareholder of Yanyuan Optoelectronics with a 19.9% ​​shareholding ratio.