Huaxin exit LED industry 166 million sell Xi'an Huaxin asset

Taiwan media news, thanks to Hua Xinke, Winbond electrical Huaxin investment company to help benefit, the second quarter turnaround, EPS for 0.2 yuan, the first half of the EPS rose to 0.14 yuan. Huaxin as the focus of the core business, yesterday (29 May) the board of directors decided to RMB 166 million yuan will be Xi'an Huaxin joint technology of land, plant and machinery and equipment sold to Shaanxi electronic information group, exit the LED industry.

The new first quarter loss per share of 0.06 yuan, yesterday announced second quarter consolidated revenue of 39 billion 608 million yuan (not specified in this paper refers to the "NT"), operating profit 728 million yuan, 1 billion 119 million yuan in pre tax earnings of the period, net profit of 743 million yuan, EPS from last year's 0.19 yuan rose to 0.20 yuan. Consolidated revenue of 75 billion 849 million yuan in the first half, operating profit of about $2 billion 570 million, operating profit of $784 million, pre tax net profit of $1 billion 119 million, net profit of $514 million this year, EPS rose to $0.14.

The new interpretation, the first quarter of the industry profit more than 5 thousand yuan, but the advance hedging suffered foreign exchange losses, net loss of 0.06 yuan per share only. The second quarter profit industry expanded to 728 million yuan, more than 1 billion yuan in revenue, mostly from Hua Xinke electric and Winbond investment company benefit by.

Huaxin chairman Jiao Youlun re adjust business strategy, focusing on the power cable and copper, stainless steel and real estate, the three core business, continue to dispose of non core business or do not have the operational efficiency of the enterprise, the board of directors yesterday through the land, plant and equipment disposition of Xi'an Huaxin technology, to 166 million yuan, sold to the Shaanxi electronic information action group, the loss of nearly 4 million 370 thousand yuan. Founded in April 2006, Xi'an Huaxin United Technology Co., Ltd. is a wholly owned company, mainly engaged in the research, development and production of semiconductor lighting. In recent years, the LED industry competition is intense, the price falls, the majority of manufacturers are in a situation of unprofitable.

Another subsidiary of Huaxin special steel holdings to Huaxin capital nearly 251 million yuan, settlement, Wuxi Xingcheng steel Huaxin investment; special steel holdings Huaxin investment Shanghai Baihe Huaxin Lihua special steel products, in the capital of less than $32 million to make up for the loss of the way, China this year to be profitable.

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