L in Xiucheng is the founder and former chairman of Sanan Optoelectronics, China's largest manufacturer of high-quality LED wafers and chips. He started his business career in the steel industry, founding Sanan Steel in 1992, before strategically shifting focus to the optoelectronics sector in the early 2000s. Under his leadership, Sanan Optoelectronics grew into a global powerhouse in the LED industry, benefiting significantly from China's push for energy-efficient lighting.
The company is headquartered in Xiamen, Fujian province. Lin Xiucheng has since stepped back from daily operations, handing over the chairmanship to his son, Lin Zhiqiang. The family's wealth remains anchored in their major shareholding in Sanan Optoelectronics, which continues to innovate in compound semiconductors and integrated circuits.
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Lin Xiucheng is a Chinese businessman whose fortune is derived from Sanan Optoelectronics (SHA: 600703), a major manufacturer in the light-emitting diode (LED) business.
Lin made his initial fortune trading scrap steel during the 1990s before shifting his focus entirely to the LED sector. He injected his LED business into a Shanghai-listed firm in exchange for a majority stake and changed its name to Sanan Optoelectronics in 2008.
Lin Xiucheng’s career is defined by his decisive pivot from the metals trade to the technology sector. After his success in scrap steel, he moved to LEDs, strategically using a listed shell company (Wanan Electric) for a backdoor listing in 2008 to create Sanan Optoelectronics.
His structural contribution is tied to scaling the production of LED components, a vital technology for displays and lighting. He shares majority ownership of the family's main holding company, Fujian Sanan Group, with his son Lin Zhiqiang.
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Made a fortune in scrap steel.
Injected LED business into a Shanghai-listed firm and renamed it Sanan Optoelectronics.
Shares majority ownership of Fujian Sanan Group with his son Lin Zhiqiang.
Lin Xiucheng's wealth is concentrated in his family's majority ownership of the publicly traded technology giant, Sanan Optoelectronics.
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+0.28% | +$6.86M
-1.16% | -$29.84M
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