Display orders fell lighting business termination aibisen net revenues to double down

[LED] China Vtion aibisen (300389) on Sunday evening in the disclosure report, the first half the company achieved operating income of 455 million yuan, representing a slight decrease of 3.36%; net profit of 44 million 159 thousand and 200 yuan, down 43.09%; basic earnings per share of 0.2755 yuan.

Abison main business products ((source: 2015 semi annual report of Abison)

Abison said that the decrease in operating income was mainly due to the decline in display orders and LED lighting business atrophy and termination caused.

It is worth mentioning that, Abison in the first half of the small screen display business performance beautiful, in the first half of the company to achieve a small screen display orders 141 million 280 thousand yuan, an increase of 95%, accounting for the first half of all display orders of 30.4%. In order to cope with the rapid growth of small spacing orders, the company adjusted production lines, set up a special small screen display production line, to ensure that the small screen display of the delivery and quality.

In addition, in January 2015 the company financed the acquisition of 60% stake in Weiss Taco Weiss Tektronix, is the display and display the creative stage rental business models, the products are well received by overseas customers, more than 90% of export to the international market. During the reporting period, Weiss Taco achieved total revenue of 26 million 720 thousand yuan, net profit of $3 million 370 thousand.

Abison said that in the third quarter compared with the same period last year may display sign do not increase; the company's product gross margin compared with the same period last year may fall; a variety of management cost and cost of sales compared with the same period last year may still rise, is expected before the three quarter net profit year-on-year may still have decreased greatly.

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