Xingyu shares intends to invest nearly 600 million yuan investment to build LED lights and supporting the project

Automobile industry has good development opportunities and broad market prospect based on the LED lamp, Xingyu shares April 18th evening announcement that the company intends to 588 million yuan investment to build an annual output of 500 thousand sets of LED lights and supporting the project, it is expected that the project construction period of 2 years.

According to the announcement, the project is expected to achieve normal annual revenues of 855 million yuan, the expected annual total profit of 186 million yuan, the financial internal rate of return is 20.67%, investment recovery period including the construction period of 6.28 years.

On the same day disclosure of the company's annual report shows that in 2012 the company achieved net profit of 189 million yuan, an increase of 12.93%; to achieve revenue 1 billion 318 million yuan, an increase of 20.10%; basic earnings per share of 0.79 yuan, an increase of 9.25%. Company intends to distribute cash dividend of 6.55 yuan per share (including tax) 10.

In addition, the same day the company also disclosed a quarterly in 2013, the company's first quarter net profit of 44 million 61 thousand and 400 yuan, an increase of 8.07%; to achieve revenue 370 million yuan, an increase of 18.82%; basic earnings per share of 0.18 yuan, an increase of 7.99%.