Blue tripod International last year, a loss of 988 million, lighting business or will be sold

Blue tripod International announcement, as of December 31, 2015 only 988 million yuan loss attributable to shareholders of the year ($2014 loss in the year of), a loss of 77.46 cents per share, do not send end interest. Revenue of 247 million yuan, an increase of 10.38%.

The increase was mainly due to the loss of loss of Affiliated Companies sold in Yueyang engaged in property development business; the sale of financial assets included in the loss or loss at fair value; administrative expenses incurred in building and planning stage in integrated resort development and property development increased; for that group to expand the financial cost, other operating and administrative expenses and other assets and increase; due to the increase in the provision for impairment of receivables.

The group is expected to be the largest integrated resort in Jeju, covering about 2 million 500 thousand square meters. The Jeju project will continue to open in 2017, and the project is now creating 6500 direct and indirect jobs in 25000 different positions.

Since February 2015, the project has been active since the completion of some residential projects have been completed, and the housing starts in the second quarter of this year. In addition, the hotel will be equipped with cultural facilities, leisure and entertainment facilities, as well as about 1500 luxury Hope Land Executive Serviced Apartment and residential villas. The whole development project is expected to be completed by 2019.

In terms of lighting business, in view of the decline in the LED lighting industry, the group will keep a close watch on the market situation and adjust the pricing strategy to improve the performance of the lighting business, or consider reducing or selling lighting business.

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