The main business steady growth + subsidiary contribution Hongli net profit by 104% Q3

[LED] China Vtion honglitronic announced in October 27th third quarterly report, the reporting period, the company achieved operating income of 441 million yuan, up 69.16% over the previous year; a net profit of 49 million 189 thousand and 200 yuan, representing year-on-year growth of 103.63%; attributable to ordinary shareholders of listed companies net profit of 46 million 233 thousand and 700 yuan, up 98.15% over the previous year.

Unit: RMB unit: RMB

The report shows that the main reason affecting the business income change is that since 2015, LED lighting market demand, the company expanded the production scale of LED packaging, and increased marketing efforts, prompted the company effective release of production capacity, to maintain a steady growth in the main business. Meanwhile, the acquisition of subsidiaries in 2014 contributed some of the results, making the company's operating income and net profit have increased significantly.

Because of the complicated international economic situation, enterprises are faced with the risk of falling market demand. The company focuses on long-term strategic objectives, in the maintenance of the original international and domestic LED lighting market share at the same time, through mergers and acquisitions and corporate complementary counterparts as well as lower quality LED segments of the enterprise to complete the integration of the LED industry chain, in order to enhance the company's business scale and market share, build a new profit growth point for the company.

In addition, the company plans to raise funds by way of non-public offering of shares in Jiangxi, Nanchang investment in the construction of the SMD LED construction project, in order to ease production constraints, expand the scale of operation, reduce production costs.

The car networking as the future development of the company to another industry, the company has been through equity Diener technology and bead boat bus successfully cut into the car networking industry, will cooperate with the professional investment institutions continue to actively seek the car networking industry for investment, accelerate the pace of the car networking industry layout in the future, the ecological platform gradually the establishment of LED business + Internet Financial + car networking.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).