Mao Shuo power to win 400 million yuan large single

Moso respectively on June 10, 2015 and the listed company and the Hangzhou Maple Yongming audio Au Optronics Co signed a "strategic cooperation agreement", during 2015 -2016, audio plan to the company purchasing strategy of LED driver 300 million yuan, Hua Puyong 100 million yuan to the company plans to supply procurement strategy of LED outdoor drive.

The company said, through this strategic cooperation agreement can enhance the company's main business sales efforts to enhance the profitability of the company; because of this agreement is a strategic cooperation agreement, agreement on the specific circumstances as partners and decide, the actual amount of the transaction and future earnings are uncertain, not all may exist in the future the performance may be, will have a positive impact on the future development of the company, this agreement has been signed by the representatives of both parties, the agreement has not been signed by both parties to this agreement, Gai Zhang, (Gai Zhang) after the entry into force.

2014 Mao Shuo power main revenue 628 million yuan, net profit loss of $47 million 850 thousand. The company expected a quarterly net profit, 1-6 month -3000 million yuan to 0 yuan (the same period last year net profit of 1 million 374 thousand and 600 yuan); due to the LED driver performance did not meet expectations, subsidiary performance has not yet been released during the reporting period; Shenzhen raised the minimum wage, the manufacturing cost growth; Huizhou factory production increased also not fully reflect the assets depreciation costs increase; long-term investment led to an increase in total bank loans during the reporting period compared to the same period last year increased, interest expense increased.