LED industry boom for the better the interim net profit of 38 million 700 thousand

The August 27th announcement that the first half of 2014, the company achieved operating income of 1 billion 935 million yuan, of which more than 42.98% of the year, and the LED industry to achieve revenue 1 billion 43 million yuan, up 50.39% over the previous year; small household electrical appliances industry to achieve revenue 882 million yuan, up 35.30% over the previous year. During the reporting period, net profit attributable to shareholders of listed companies 38 million 702 thousand and 500 yuan, down by 23.36% over the same period last year, although net profit declined over the same period last year, but reversed the situation in the first quarter of this year's losses.

In the first half of 2014, China's economy is slowing down, poor recovery of developed economies. In the first half, LED industry boom, the industry as a whole develops rapidly. LED applications also led to an increase in demand for lighting upstream packaging, chip demand growth. Benefit from the industry boom to the good, the company's LED product shipments to maintain sustained boom. In the first half of the company's LED business sales revenue hit a record high, LED overall revenue for the first time exceeded the size of the small home appliance business. However, LED industry market competition further intensified, product sales prices declined, the overall gross profit margin declined slightly; the gradual recovery of small home appliances business in the overseas market to stimulate the sales income, maintain stable entire length, the overall profitability remained stable.

Positioning the company for the stable development of 2014 years, during the reporting period, the company acquired a 6.86% stake in NVC, to further enhance the company's significant impact on the ability of NVC, is conducive to further integration of the latter; product development has achieved important results, released a named "Sirius" is a new generation of flip chip, named LED blue "North Star" CSP (chip scale package) LED white flip chip, the company has in the industry-leading level in the global LED flip chip technology, product performance, in the field of LED chip's competitiveness is rapidly improving; completed third non-public offering items, net funds raised 1 billion 337 million 300 thousand yuan, greatly enriched the company capital strength.

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