Listed in the sight of the yuan photoelectric pre disclosure update

[LED] Huizhou Hui Yuan Au Optronics Co (hereinafter referred to as Yuan Hui photoelectric) on April 8th evening pre disclosure update.

According to Yuan Hui photoelectric the updated prospectus, the company shares in the public offering (including the public offering of new shares and shareholders of the company public offering of shares) the number of not more than 34 million 500 thousand shares, of which, the number of public offering of shares of not more than 34 million 500 thousand shares, the company shareholders, the number of public offer shares not more than 25 million 875 thousand shares and not more than willing to set 12 a month or more restricted number of investors placing shares of the company; the public issuance of shares accounted for 25% of the total issued share capital of the company.

The company issued to raise funds after deducting the cost of the issue will be invested in the LED lighting product expansion project, LED lighting parts manufacturing projects, LED lighting product development and testing center project, etc..

It is reported that Yuan Hui photoelectric 2012, 2013, respectively, operating income of 931 million yuan in 2014, $839 million, $1 billion 106 million, respectively, net profit of $87 million 722 thousand and 700, $65 million 386 thousand and 600, $87 million 238 thousand and 600. Hui Yuan photoelectric said, 2013, affected by factors such as market demand by product sales and products average price changes, the company's operating income down 9.90%, gross profit fell 11.16%, resulting in a net profit fell 25.46%. In 2014, LED lighting product prices, Home Furnishing lighting needs to start, the United States, Canada, Mexico, China comprehensive incandescent lamp policy implemented, and gradually promote the industry consolidation and mergers and acquisitions, the company operating income grew 31.80%, gross margin rose 23.02%, net profit increased by 33.42%. LED lighting industry in the future to achieve market demand and the extent of the release of time, as well as changes in the pattern of market competition uncertainty. If the future market demand growth is slow or the market competition pattern is not conducive to changes in the company, the company's operating performance fluctuations risk.

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