Q3's earnings report: gross margin climbed nearly 9 quarter high

LED lighting device factory announced third quarter earnings, single quarter earnings after tax of $19 million 700 thousand (NT, the same below), the end of the previous quarter and even the loss of the smooth transition to the three quarter earnings per share (EPS) was $0.16.

Edison third quarter revenue of 869 million yuan, quarter by 10%, the annual reduction of 12.6%, but due to improved product mix, improve the efficiency and reduce the cost to 9.8%, gross margin rose to 16.2%, compared with the second quarter of 11.52% over the same period last year climbed sharply, and hit a season high, operating profit before even four termination loss into a profit of $36 million 330 thousand, after tax earnings for 19 million 700 thousand yuan, compared with the second quarter profit, compared to the same period last year only 2 million yuan profit level of the great leap forward, earnings per share 0.16 yuan, according to the company in recent years adjusted operating and fitness benefits have gradually emerged.

Addison also released in November 1st lowered the amount of loans and loans to the company's announcement.

The company in December 22, 2015 fifth session of the twentieth board of directors approved loans and business subsidiary of Best Opto Corporation Best Opto Corporation $11 million; lending their business dealings in Yangzhou Edison optoelectronics Co. Ltd. and $3 million for the short-term fund loan and the necessary $8 million LED Best Corporation; BestLEDCorporation because of short-term financing need loans to Yangzhou Edison optoelectronics Co. Ltd. $8 million.

Considering the current use situation, intends to cancel because of short-term financing need of loan and the amount of adjustment after the company loan funds and business subsidiary Best Opto Corporation fell to $3 million and Best Opto Corporation lending their business dealings in Yangzhou Edison optoelectronics Co. Ltd. $3 million.

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