Chau Ming in 2014 net profit by taking advantage of export 80%

[LED] - Chau Ming technology March 31st annual report released late in 2014, the year 2014, the company achieved operating income of 973 million yuan, an increase of 23.38%, attributable to shareholders of listed companies net profit of 60 million 858 thousand and 900 yuan, an increase of 84.58%.

Source: Chau Ming Technology Annual Report 2014

2014 operating income increased by 23.38% compared to 2013, mainly during the reporting period, the company in the field of export, small space plan has been implemented, the company's overall sales revenue has greatly increased over the same period last year, the company owned subsidiary of Dior sales revenue increase large lei.

During the reporting period, the company showed product revenue 797 million 669 thousand and 800 yuan, of which overseas sales revenue of $503 million 329 thousand, an increase of 85%, accounting for the proportion of the company's total sales revenue increased to $52%. 2014 year, small spacing UTV series of products to achieve revenue of about $200 million, an increase of 166% over the same period, of which exports accounted for more than the same period, an increase of about 275% over the same period of 60%.

2014 year, the company's full implementation of the Ministry of lighting atomic operations, in terms of revenue and costs, management fees and sales costs have fallen sharply, the first time the realization of the lighting business turnaround. During the reporting period, the realization of foreign trade income 81 million 800 thousand and 800 yuan, an increase of 25.93% over the same period.

In addition, from a global point of view, the trend of LED lighting alternative to traditional lighting more obvious, the industry is entering a rapid growth period. It is predicted that from 2014 to 2017 will be the global LED outdoor lighting replacement tide period, the global number of LED street lamps installed in the next 5 years will increase by a factor of 4.

Chau Ming technology announced on the same day, is expected in the first quarter of 2015 attributable to shareholders of listed companies net profit of 8 million yuan -900 million, an increase of 58.83%--78.68% over the same period last year. The main reason is the increase in performance during the reporting period, the company and its subsidiaries, ray Dior foreign trade business continued to grow, the international market further enhance visibility; over the same period last year the new subsidiary Lampson technology the operating performance of the company during the first quarter of 2015.

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