Hai Lunzhe 34 million 800 thousand capital giant Albert

Hai Lunzhe (300201) on Monday night announced that the company intends to own funds to the wholly owned subsidiary of Shenzhen City giant Albert Technology Co. Ltd. (hereinafter referred to as the "giant Albert") to increase 34 million 800 thousand yuan. This time after the completion of the capital, the registered capital of the giant Albert increased from 5 million yuan to 39 million 800 thousand yuan.

Giant Albert mainly engaged in research and development and sales of switching power supply, LED lighting products and LED application products, inductor, transformer. In the first half of 2014 and the annual revenue of 37 million 648 thousand and 700 yuan in 2013, respectively, $40 million 799 thousand and 600, net profit of $2 million 730 thousand and 500, $485 thousand and 700. As of June 30, 2014, total assets of giant Albert is 49 million 807 thousand and 200 yuan, total liabilities 41 million 841 thousand and 400 yuan, net assets of 7 million 965 thousand and 800 yuan.

Hai Lunzhe said the company of giant Albert capital in line with the company's strategic development planning and business development needs, is conducive to enhancing the strength of giant Albert, expanding to provide further support for the giant Albert business. The capital increase has no significant impact on the company's financial position and operating results.

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