Dow Corning, Xingyu shares issued three quarterly celebrate double harvest

Dow Corning released three quarterly sales, net income double growth

Dow Corning today announced the company's third quarter 2014 sales of $1 billion 520 million, representing a growth of 7%. Net income was $176 million, compared to the same period last year surged 49%. As of the third quarter of 2014, Dow Corning sales ($4 billion 540 million) and net income ($476 million) over the same period last year increased by 10% and 78% respectively.

Adjusted net income of $318 million in the third quarter of 2014, an increase of 58% over the same period last year. Adjusted net income for the year 2014 eliminates the gains or losses arising from a derivative contract, a number of long-term sales agreements, and a tax benefit associated with a foreign dividend. Adjusted net income in 2013 eliminated the gains and losses from a derivative contract, a number of long-term sales agreements, asset impairment charges and restructuring costs. Other relevant information is as follows:

Third quarter results report

Organic silicon business in North America, South America, Greater China and Europe sales growth.

Organic silicon sales have grown significantly in many applications, including healthcare, packaging, electronics, high-performance construction and transportation.

Dow Corning in 2014 third quarter sales of $1 billion 520 million

Dow Corning executive vice president and chief financial officer Schneider (J. Donald Sheets) evaluation:

- the four consecutive quarter of Dow Corning achieve sales growth, this shows that we have a perfect strategy, talent team and technology, to promote and achieve business growth, highlighting the Dow Corning as a special chemicals industry leader should the level of business.

Dow Corning, industry-leading products and our global production and research and development capabilities, to promote our sales growth in the quarter of silicone.

In the polysilicon business, thanks to long-term customer orders for semiconductors and photovoltaic polysilicon, Hemlock Semiconductor Group continued to perform well in 2014.

Xingyu shares: LED lights before the capacity to release three quarter net profit by 30%

Days ago, Xingyu shares disclosed three quarterly reports, before 2014 three quarter revenue 1 billion 374 million yuan, an increase of 20.98%; net profit attributable to the parent company 178 million yuan, an increase of 30.59%. Third quarter revenue for the quarter was $493 million, an increase of 30%, attributable to the parent company net profit of 66 million 10 thousand, an increase of 67%, EPS was $0.28, significantly exceeding market expectations.

The report shows, an annual output of 500 thousand sets of LED lights and supporting the project is expected by the end of 2009, the golf 7 models such as batch matching, LED headlamps R & D and high-end car supporting projects in LED, the proportion of income growth light will drive the future level of gross margin. The company has been officially launched in Jilin province Xingyu lamp Co., an annual output of 1 million sets of lights project ", and begin preparations for the Foshan plant construction, lay a solid foundation for the product structure and customer structure upgrading and future sustainable and stable development.

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