LED chip production capacity, Elec-Tech first quarter results of pre hi

The day before, Elec-Tech (hereinafter referred to as the "company") released 2018 first quarter results notice, the company expects January 1, 2018 to March 31, 2018 net profit attributable to shareholders of listed companies -2000 million yuan to 20 million yuan, year-on-year growth of 76.90% to 123.10% loss of 86 million 578 thousand and 100 yuan.

Elec-Tech said that the main reason of 1Q18 over the same period last year to improve operating performance is: 2017 company added LED chip project investment, effectively enhance the chip production capacity. In 2018 a quarter of the chip industry boom continued, with the company LED chip industry, the release of production capacity, the company LED chip sales compared with the same period last year has significantly improved, improve the company's operating performance. In addition, LED chip production capacity to expand the scale effect, as well as companies take measures to tap the potential of innovation, reduce the cost of the chip LED, effectively enhance the company's LED chip business gross profit level.

In addition, China also released to continue the suspension announcement. According to the announcement, due to a major reorganization of assets involved between Shenzhen and Hongkong listed company's transactions, taking into account the needs of both the capital market supervision and information disclosure requirements, the workload is large, the specific content of the restructuring plan still needs further discussion, demonstration and improvement of the underlying assets due diligence, audit and evaluation etc. the company has not yet been completed, is expected to be in April 2, 2018 before the disclosure of this major asset restructuring plan (or report) and other relevant information. In order to ensure that the work of this major asset restructuring the information disclosed is true, accurate and complete, guarantee the major asset restructuring work smoothly, consideration by the shareholders' general meeting and approved by the company apply to the Shenzhen stock exchange, the company stock since April 2, 2018 opening to continue the suspension and no more than three months, a total suspension of not more than six a month for the first time since the date of suspension.

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