Poly fly 2016 net profit of more than 150 million, lighting LED revenue by nearly 90%

Jufei March 24th evening released 2016 annual report, the annual total revenue of 1 billion 509 million 99 thousand and 400 yuan, representing year-on-year growth of 57.28%; attributable to shareholders of listed companies net profit of 155 million 212 thousand yuan, up 51.62% over the previous year.

During the reporting period, the company LED backlight product sales revenue 1 billion 88 million 258 thousand yuan, up 30.53% over the previous year, accounting for 72.11% of revenue, products yield reached 99.1%; LED lighting business revenue 194 million 517 thousand and 500 yuan, up 89.60% over the previous year, accounting for 12.89% of revenue, products yield reached 98.9%.

During the reporting period, in addition to the traditional business, the company through continuous technological innovation, lean management, make full use of existing resources, abundant LED related products, such as: small spacing display LED, LED flash, auto LED system, infrared LED, homeopathy to achieve horizontal expansion. At this stage, new products with high added value have been gradually introduced in each market segment, which have gradually contributed to the business performance and will become a new profit growth point for the company in the future.

The company said, LED product production and sales growth is more, the Department of business scale increase caused by; optical film production and sales changes, Department of optical film comprehensive business ability promotion, bring about the increase in production and sales.

Common shares of the company's profit distribution plan is: to 693986415 as the base, to all shareholders 1 cash dividends per 10 shares (including tax), to the capital accumulation fund to all shareholders 8 shares for every 10 shares.

On the same day, poly photoelectric also disclosed the first quarter of 2017 results notice, the company expects 2017 1-3 months attributable to shareholders of listed companies net profit of 33 million 68 thousand and 500 to 41 million 695 thousand, an increase of 15% to 45% year on year.

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