Reached the Oriental Lighting surplus police performance by profit to loss

Up into the Oriental Lighting holdings issued a profit warning, expected by the end of June 2014 interim results, will be from the same period in 2013 of about 2 million Hong Kong dollars (about 1 million 584 thousand and 600 yuan) profit, to a loss of approximately HK $15 million (about 11 million 884 thousand and 500 yuan).

As for the performance of the loss from profit, mainly due to the gross margin of PCB business fell 1.2% to 9.1%, I believe this is mainly due to the PCB industry competition intensifies, PCB business machines overcapacity, as well as the average price decline PCB. At the same time, because of its PCB business aspects of property, plant and equipment impairment loss of 6 million Hong Kong dollars (about RMB 4 million 740 thousand yuan), the same period last year did not record.

In view of the LED lighting business pricing competition, leading the group to undertake in the balance of risk and return of the project reduced from LED lighting business revenue of approximately HK $14 million (about 11 million 92 thousand and 200 yuan) to HK $25 million (about 19 million 807 thousand and 500 yuan).

In addition, during the period of gross margin decreased 1.7% to 30%, and extend the credit period of trade receivables impairment losses; and the relevant period of 6 million Hong Kong dollars (about 4 million 753 thousand and 800 yuan), over the same period last year to HK $2 million (about 1 million 584 thousand and 600 yuan).

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