A quarterly inventory of listed companies: honglitronic surge Elec-Tech loss

Honglitronic April 2nd evening released the first quarter results notice. The company expects earnings in the first quarter between 14 million 520 thousand to 17 million 10 thousand, compared with the same period last year, an increase of 75% to the same period of to 105%.

For surge performance, honglitronic said the first quarter, LED lighting market demand is good, effective release of the company's production capacity, the company maintained a steady growth in the main business.

The evening of April 1st Elec-Tech company disclosed a quarterly notice, an estimated loss of 20 million yuan to 40 million yuan, while profit a year earlier 43 million 288 thousand and 400. The company said, a quarter losing performance is the main reason for the decline in gross margin and financial costs substantially more than the same period last year.

De Ho Runda has released 2013 annual results letters show that last year the company achieved revenue of 3 billion 118 million, an increase of 13.04%, net profit of $9 million 363 thousand and 900, down by 94.22%. The company's 2013 performance decline for market competition, the company of small household electrical appliances business orders year-on-year decline, and the company operating costs of listed company consolidated gross profit margin decline, and especially the cost during the company's financial costs caused by growth year-on-year.

Analysis of the industry, the company performance in 2013 fell sharply in the first quarter of this year and continued losses, mainly because the company is in the process of transition, kitchen appliances industry dropped significantly, and LED application package is not in force, and the rapid growth of the industry under the background of overcapacity.

Branch Heng shares 3 released in the first quarter of 2014 reported earnings forecast earnings: about $200 thousand -80 million, down about 93.76%-75.06%.

The main reason for the decline in performance is affected by the decline in the price of raw materials of rare earth, the average price of the company's main products of rare earth luminescent materials declined 19.5% over the previous year, the income decreased by 12.2% compared to the same period; the downstream demand of rare earth luminescent materials industry downturn, industry competition is fierce, resulting in gross margin decline.