FSL holdings of 29 million 270 thousand shares of the national hi tech stocks profit of 850 million

The evening of July 19th, FSL has announced that the plan before December 31, 2016, take the bulk of trading or centralized auction trading way, choose the reduction part of China Xuan tech stocks, the reduction of the number of not more than 36 million 500 thousand shares. December 8th evening, FSL announcement shows that from November 15th to December 7th, the company's holdings of the national hi tech stocks 29 million 270 thousand shares. Announced plans to reduce after the first reduction announcement according to the FSL company in the evening of December 8th, November 15th to December 7th, by the bulk of transactions to 32.94 yuan / share holdings of the average price, the sale of the company held by China Xuan tech stock 29 million 270 thousand shares, accounting for 3.34% of the total share capital of China Xuan tech, total 964 million yuan turnover. As of the announcement date, the company still holds the national hi tech stocks 43 million 740 thousand shares, accounting for the proportion of the total share capital of the hi tech hi tech center, a total of 4.99%. For this reduction, FSL has been ahead of the call". The evening of July 19th, FSL has announced that the company's board of directors approved, agreed to license management since the board passed the date to December 31, 2016, take the bulk of trading or centralized auction trading, choose the reduction part of China Xuan tech stocks, the reduction of the number of not more than 36 million 500 thousand shares, less than China Xuan tech at present, the total share capital of 4.17%. The motion was approved in August 23rd by the company's extraordinary general meeting. It is worth mentioning that, according to FSL's previous announcement, after the completion of the reduction plan, the company holds a national hi tech stocks will fall to 36 million 510 thousand shares, accounting for about the country's total share capital of hi tech hin of 4.17%. The December 8th evening announcement shows that after the reduction of shares, the company still holds the national hi tech shares 43 million 740 thousand shares, accounting for the proportion of the total share capital of hi tech hi tech center, the country's total share capital of 4.99%. In this regard, FSL said it does not rule out the possibility to continue to reduce the national hi tech shares in the next 12 months. Holdings of 850 million yuan profit in recent years, A-share market, there have been a lot of good equity investment in listed companies, the reporter noted that FSL is one of them. According to FSL before the announcement, the company in July 2010 to 160 million yuan acquisition of Hefei, China Xuan tech power energy Co. Ltd. (hereinafter referred to as Hefei GuoXuan) 20 million shares, accounting for 20% of the total share capital of Hefei GuoXuan, after the capital increase, the number of shares increased to 30 million shares of the company. May 2015, Hefei, Dongyuan, the success of the backdoor backdoor Jiangsu electric group Limited by Share Ltd listed, the number of shares held by the company increased to 73 million 10 thousand shares. Along with the Hefei GuoXuan backdoor listing, China Xuan tech stock price soaring, so FSL through the equity transaction earn pours. December 8th evening announcement, preliminary estimates, the sale of FSL China Xuan tech stock 29 million 270 thousand shares, after deducting costs and related taxes, the company investment income 850 million yuan, is expected to increase the company's 2016 annual net profit of 720 million yuan. According to FSL's 2015 annual report and the three quarterly report in 2015, the company achieved net profit attributable to shareholders in 2016 was $53 million 410 thousand in the first quarter of 2016, the company achieved net profit attributable to shareholders of 280 million yuan ($three). Therefore, the company's holdings of shares in the national hi tech stocks investment income reached nearly 16 times the company's net profit in 2015, the company's net profit of more than three times in the first quarter of 2016, more than two times.

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