Australia Shunchang 2012 annual report: net profit growth of 3.72% over the same period last year

Australia Shunchang February 26, 2013 released 2012 annual report of domestic economic growth is slowing down, the overall economic environment downturn, while the price of material during the reporting period there are substantial fluctuations in the face of difficulties, the company through the integration of customer resources, while maintaining the existing quality of IT manufacturing industry customers, and actively expand new market segments at the same time to strengthen the adjustment and optimization of internal management, improve internal operational efficiency and business profitability, the overall business is relatively stable. In addition, the company's small loan business loans remained at a high level throughout the year, good risk control, stable profit contribution. During the reporting period, the company consolidated within the total revenue of 1 billion 756 million 535 thousand and 300 yuan, down 4.02%; operating profit 158 million 483 thousand and 400 yuan, down 7.71%; attributable to owners of the parent company net profit of 103 million 715 thousand and 200 yuan, an increase of 3.72% over last year. Australia Shunchang annual report pointed out that 2012 is a crucial year for the construction of LED project, the management of the company to actively promote the construction of the LED project, the end of the reporting period, the LED project of civil engineering comprehensive construction completed, relevant staff in place, the company ordered equipment has been delivered and installed in debugging. The company currently orders 5 MOCVD equipment, as of the date of disclosure of this report, of which 2 are in place and in the installation and commissioning. 2012, the domestic economic slowdown and LED epitaxial film production capacity in the short term of the situation has not been a significant adverse impact on the company's LED project in the preparatory period, but the company's construction costs have been reduced. As a new entry in the field of industry, the company uphold a more cautious investment ideas, according to market conditions and the company's R & D and technical reserves, the initiative to control the pace of investment in LED projects. According to the delivery of equipment and installation and debugging, the use of advanced equipment in place, the processing part of the chip after the procedure, in order to achieve the training staff, improve the level of technology, advanced marketing objective, and the formation of a small amount of sales revenue during the reporting period. At the same time, according to the actual situation of the company and the company's advantages, the appropriate allocation of some equipment, the development of street lighting products, the opportunity to take the initiative to grasp the downstream application. LED project in 2012 won a one-time government reward of $20 million 490 thousand, included in the current profit and loss. At the same time access to MOVCD equipment subsidy 15 million yuan, will be amortized according to the equipment life.