Termination of LED related investment projects beneficial interim revenue fell 2.2%

August 24th evening, beneficial disclosure of the semi annual report in 2015. Earnings data show that in the first half operating income reached 193 million 39 thousand and 500 yuan, a decrease of $2.2%, attributable to shareholders of listed companies net profit of $1 million 759 thousand and 200, representing a decrease of 31.35% over the same period last year.

Among them, LED lighting revenues of 56 million 475 thousand yuan, down by 9.62%, gross margin was $15.94%.

Seastar said, LED lighting industry has broad prospects, but because of technology and capital threshold is low, a large number of social capital into the leading industry disorderly competition, the reporting period, LED lighting business revenue decline over the same period last year. Considering the development of the company's LED lighting business, in order to prevent overcapacity, and given the company's strategic planning and adjustment, the reporting period the company terminated the non-public offering to raise capital investment projects related to the LED lighting business, and will permanently add liquidity to raise funds.

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