Datang Telecom in the first half of the results from positive to negative loss of 129 million yuan

At the end of the reporting period, to guarantee balance is a subsidiary of 715 million

Datang Telecom (600198) industrial structure adjustment effect is not significant, resulting in a serious decline in the first half of this year. During the reporting period, Datang Telecom's main business income of 779 million yuan, down 37.55% over the same period last year; realize the main business profit of 107 million yuan, down 60.89% over the same period last year; net profit dropped by last year's profit to a loss of 129 million yuan. [shielded ads]

It is understood that Datang Telecom performance decline, mainly the decline in sales revenue and product gross margin decreased. During the reporting period, the company's products consolidated gross margin fell to 14.18%, compared to the same period last year fell by 8.48 percentage points, of which the main industry of microelectronic products gross margin fell more than 10%, the income level of wireless access products is lower than the same period last year.

Meanwhile, affected by the market environment and wireless access products market growth slowed, Datang Telecom is expected in the first three quarters of this year will be a loss, operating results compared to the same period last year will be a substantial decline.

It is worth noting that, during the reporting period, Datang Telecom subsidiary guarantees amounted to 381 million yuan, the final report for the subsidiary guarantees the balance of 715 million yuan, accounting for 44.16% of net assets at the end of Datang telecom. Moreover, all of the subsidiaries are guaranteed only two, respectively, Xi'an Datang Telecom Co., Ltd. and Datang Microelectronics Co., ltd.. Meanwhile, the report also shows that Datang Telecom Co., Ltd. in Xi'an in the first half of this year, a loss of 21 million 255 thousand and 100 yuan.

Datang Telecom yesterday's closing price of 6.06 yuan, down 0.16%.