2014 annual LED packaging factory results announcement

Income does not increase profits photoelectric 2014 annual results pre cut 47%-65%

Ruifeng photoelectric January 14th evening released 2014 annual results notice, the company expects net profit attributable to shareholders of Listed Companies in the year 2014 to $30 million to $20 million, compared with the same period last year fell 47%-65%.

The reason for the change in performance, the company said, the fourth quarter of 2013 due to policy oriented terminal lighting market suddenly broke out, most companies believe that 2014 LED lighting market optimism, rapid expansion, production capacity in the second half of 2014 the collective release, leading to fierce competition in the industry, product prices decreased greatly, affected by this, the sales revenue of the company has made great growth, but operating profit has sharply declined. Jiangxi customer Digital Technology Co., Ltd. bankruptcy liquidation, provision for bad debts loss of about 5 million yuan, in addition, the company's investment income of about 2014 yuan -420.

2014, included in operating income of financial subsidies of about 9 million 400 thousand yuan, down from 2013, the current profit and loss have a certain impact.

Honglitronic 2014 yejiyuzeng 35%-55%

Honglitronic January 14th evening released 2014 annual results notice, the company expects 2014 annual attributable to shareholders of listed companies net profit of 82 million 404 thousand and 400 yuan, 94 million 612 thousand and 500 yuan, compared to the same period last year rose 35%-55%.

Earnings reasons: 1) the year 2014, LED lighting market demand, the company increased marketing efforts to maintain a steady growth in the main business; 2) part of the company's acquisition of subsidiary performance included in the consolidated financial statements.

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