LED business letters released the first results, our 2017 net profit of 651 million

As the first city of Shenzhen two released 2017 annual results letters LED enterprises, Linsen to produce a full year earnings growth of 37.57% of the respondents.

Our results of letters show that in 2017 the company achieved total revenue of 8 billion 200 million yuan, an increase of 48.54%; attributable to shareholders of listed companies net profit of 651 million yuan, an increase of 37.57%.

The company said the report period, the company's operating performance has increased greatly, continued to improve profitability, operating in good condition. The main reason is: during the reporting period, with the LED lighting products prices stabilize, companies raise investment projects in the gradual release of production capacity, scale effect significantly improved so that the unit cost of the product decreased further, company's products continue to enhance market competitiveness, expanding the market share.

The same evening, M.L.S. (23) also disclosed the 2017 annual profit distribution and capitalization of capital reserve plan, the controlling shareholder of the company, the actual control of Sun Qinghuan proposal, intended to be as of December 31, 2017 the total share capital base, to all shareholders cash dividends every 10 shares 2.47 yuan (including tax), while the capital fund to all shareholders 10 shares for every 16 shares.

Notice that the MLS is in a stage of rapid development, expanding the scale of operation, plans in the prerequisite for the normal operation of insurance companies and the long-term development, to better take into account the immediate and long-term interests of shareholders, reflects the company's positive return on shareholders' principle, to meet the needs of the company's future business development, the company will not cause the flow of cash dividends the shortage of funds, capital reserve fund, to expand the scale of the company's share capital, enhance the company's stock liquidity, in line with the company's strategic planning and development forecast.

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