The lack of market demand and net profit fell more than 9 into the Alto electronic

[LED] Chinese Vtion Alto Electronics (002587) August 6th evening semi annual disclosure of the reporting period, the company achieved operating income of 143 million 995 thousand and 100 yuan, down 17.07%; attributable to shareholders of listed companies net profit of 1 million 546 thousand and 600 yuan, down 96.11%.

Data source: alto electronic 2015 semi annual report (unit: yuan)

The report pointed out that in the year was the main reason for the decline is the macro downtown pressure on the economy is large, large projects and high-end LED display LED display products lack of market demand, the application of LED industry change, competition, industry consolidation is increased, the overall slowdown at the same time, a number of major projects in operation, is expected to achieve revenue in the second half. In the first half of 2015, the company increased market investment, sales expenses increased by 42.90%, in addition, the company is located in Huizhou manufacturing base put into operation, rising operating costs.

Main business composition

Data source: alto electronic 2015 semi annual report (unit: yuan)

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