Poly fly in 2016 net profit of more than 150 million, lighting LED revenue increased 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, the introduction of a variety of high value-added new products, has gradually contributed to operating results, the future will become the company's new profit growth point.

The company said, LED product production and sales growth is more due to the increase in the size of the business; optical film product production and sales changes, the ability to enhance the integrated optical film business to bring increased production and sales.

Ordinary shares of the company's profit distribution plan is: to 693986415 as the base, to all shareholders for every 10 shares were distributed cash dividend of $1 (including tax), to the capital fund to all shareholders for every 10 shares of 8 shares.

On the same day, poly fly optoelectronics also disclosed in 2017 first quarter results notice, the company expects net profit attributable to shareholders of Listed Companies in 2017 1-3 month 33 million 68 thousand and 500 to 41 million 695 thousand, up from $15% to $45%.

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