Qinshang revised 2014 annual results net profit down nearly 90%

KingSun recently released 2014 annual results letters correction notice that the year 2014 is expected to total revenue 906 million yuan, down 20.58%; net profit attributable to shareholders of listed companies 13 million 227 thousand and 400 yuan, down 87.28%.

The company disclosed the 2014 annual results letters in February 28, 2015, the year 2014 is expected to total revenue of 927 million yuan, down 18.73%; net profit attributable to shareholders of listed companies 25 million 370 thousand and 200 yuan, down 75.60%.

KingSun said that the main causes of the differences are: the initial audit by the accounting firm, the company during the reporting period, part of the EMC project revenue decreased, and the reporting period related costs that increase, resulting in a net profit of the company during the reporting period and operating income attributable to shareholders of listed companies over the performance express declined.

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