[news] Siu Chi 15 years enterprise profit decline, Ganhua Q1 loss

Siu Chi shares in 2015 LED business operating profit fell 41.23%

Siu Chi shares yesterday evening released 2015 annual report summary, the report pointed out that in 2015, the company achieved operating income of 6 billion 95 million 877 thousand and 200 yuan, compared with the same period last year fell 14.23%; attributable to shareholders of listed companies net profit of 345 million 651 thousand and 100 yuan, down 48.07% over the same period last year. Which LED products and accessories to achieve revenue of 793 million 908 thousand and 150 yuan, an increase of 6.54% over the same period last year, operating profit of $44 million 613 thousand and 150, compared with the same period last year fell by 41.23%. In order to realize the long-term development strategy, the company has formulated the development direction of the joint operation of the Internet TV business, and actively promoted the work in order to maintain the sustained, stable and healthy development of the company.

The change on the performance of the company, the report pointed out that the market is mainly due to the economic downturn, ODM demand slowed the growth of traditional TV manufacturers, the main products of the company to reduce the LCD TV sales leads to the main business revenue decline; at the same time, the company sales income of about 50% from overseas, the first half of 2015 continued devaluation of the RMB, the fourth quarter has not yet appeared better. The fluctuation of exchange rate more than expected, the exchange rate losses increase, further affect the company's operating performance.

Guangdong Ganhua first quarter net loss of 1400 yuan to 17 million yuan

Guangdong Ganhua April 14th evening released 2016 first quarter results notice, the company expects net profit first quarter attributable to shareholders of listed companies losses of 1400 to 17 million yuan.

The report pointed out that the main reason for the change in performance, the reporting period, the impact of the downward pressure on the economy, the company's gross margin fell, while the company needs to increase costs caused by the development. Although the reporting period due to government purchasing and storage of land to the company to generate revenue, but net profit attributable to shareholders of listed companies is still a loss.

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