Dry last year net profit fell by about 50% blue green project dilute Q1 profits

Changelight April 27th evening released 2014 annual report, the reporting period, the company's main business decline than in previous years, the company achieved operating income of 426 million yuan, down 11.08%; net profit attributable to shareholders of listed companies 55 million 901 thousand and 500 yuan, down 47%. In addition, the company intends to shareholders for every 10 shares were distributed cash dividend of $0.40 (including tax), to the capital fund to all shareholders for every 10 shares of 10 shares.

The company said, in 2014 revenues declined over the same period last year, mainly solar income decline over the same period last year, and the implementation of the concentrating solar power station projects have a greater revenue caused; total profit, net profit decline, the main reason is the new business building land depreciation expense new blue and green LED project for cost increases, new increase and LED lighting development is still in the investment phase, and foreign investment is poor.

During the reporting period, the company in order to further improve the company's product mix, expand the enterprise development space, decided to invest in the original industry based on blue and green LED epitaxial wafer and chip projects. The future, the company plans by the Yangzhou subsidiary company is mainly responsible for the red and yellow light LED wafer and chip production projects, industrial projects Xiamen parent company is mainly responsible for the blue-green LED epitaxial wafer and chip, R & D and production of the Xiamen parent company, Yangzhou subsidiary company specialising in different color LED epitaxial wafer and chip. The industrial layout adjustment, the structure is conducive to improve the company's product and service, achieve good industrial layout, so as to rapidly expand the business scale, to secure the high growth trend and scale of competitive advantage.

In addition, the company also actively carry out lighting applications, self built a lamp production line, and gradually develop the downstream industry business and engineering lighting applications. The company also has the advantage of its own funds, the appropriate conduct of EMC business, and the formation of synergy lighting business. Through the early layout, actively looking for new opportunities for industrial development.

On the same day, the company announced that the first quarter operating income of 88 million 41 thousand and 500 yuan, representing a decrease of 12.48% over the same period last year, attributable to shareholders of listed companies net profit of $4 million 595 thousand and 700, down by 71.80%. Operating profit, total profit, net profit declined compared with the same period last year, mainly in the blue and green projects in the commissioning phase of the commissioning of the machine, the fixed cost of the company's profit margin.

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