KingSun 2015 net profit increased nearly 7 into the company in good operating condition

The evening of April 21st, KingSun disclosure 2015 annual report. In 2015 the company achieved operating income of 850 million yuan, net profit of $20 million 744 thousand and 600, an increase of 68.82%. The company intends to fund the capital to all shareholders 15 shares for every 10 shares.

This performance is achieved in the background of the overall slowdown in the industry. According to LEDinside statistics show that in 2015 the annual output value of semiconductor lighting industry growth value is only maintained at about 2%.

For KingSun, 2015 is a crucial year for the transformation of the company. In the face of macro downtown pressure on the economy and the semiconductor lighting industry in the "Red Sea" pattern, in order to enhance the company's transformation and upgrading of industry consolidation, the reporting period the company intends to issue shares and cash payment, the purchase of the Guangzhou Longwen Education Technology Co., Ltd. 100% stake. In this regard as the company's strategic transformation and upgrading of education industry into the opening.

After the completion of the transaction, the company will achieve semiconductor lighting products and K12 counseling services dual main industry layout. Will expand the company's total assets and net assets, improve the overall gross margin and net profit margin level, enhance the company's profitability and ability to resist risks, thereby enhancing the value of the company, a better return to shareholders.

The company's future will be in Guangzhou to Longwen to complete the acquisition, the basis for better integration play Longwen both business advantage, comprehensive optimization in Longwen company strategic management under the profitability and sustainable development, and will increase the quality of resources to the education industry tilt efforts. In the acquisition of Guangzhou Longwen raised supporting science project based on the implementation, and strive through endogenous epitaxial wheel drive and path to speed up the layout of online education industry, to explore the implementation of the education industry chain more comprehensive layout and industry integration. Up to now, the matter has been adopted by the board of directors and the general meeting of shareholders, yet to be reviewed by the commission.

In the same day released a quarterly, the company expects 2016 1~6 net profit of 35 million yuan to $42 million, an increase of 107.03% to $148.44%. In this regard, KingSun said the reasons for the substantial increase in performance is the first half of 2015 the company's assets impairment of assets, resulting in the first half of 2015 lower profits, into the operating conditions of the 2016 year of the company good.

For more information about LED, please click on LED network or pay attention to WeChat public account (cnledw2013).