Rectangular lighting: 2014 net revenue growth Q1 the results of pre cut

Rectangular lighting April 6th evening report released in 2014, the company achieved operating income of 921 million yuan last year, an increase of 13.32%; net profit attributable to shareholders of listed companies net profit of $50 million 673 thousand and 100, an increase of 84.36%.

The company said, LED industry is at a stage of rapid development, especially with the improvement of LED light-emitting efficiency and the gradual decline in the cost of LED lighting market prospects for the development of the vast. The company has a wholly-owned subsidiary of Huizhou rectangular has completed the construction of some of the basic framework, Huizhou rectangular plant put into use, the company will further enhance the production capacity of product applications. At the same time, the company's major asset restructuring has been the Commission conditionally approved during the reporting period, rectangular lighting will acquire 60% stake in Kang Ming Sheng way of cash and shares.

Rectangular lighting is expected in the first quarter of 2015 will achieve a profit of 6 million 800 thousand yuan -750 million, down from 7.03% to 15.71%. The company said that the strategic adjustment of product structure, affecting the production and sales of some products, resulting in the company's first quarter 2015 results fell.

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