[news] Siu Chi set to be 240 million subsidiaries, Ruifeng 1H16 net profit growth

Siu Chi intends to set up 240 million subsidiaries to create new profit growth point

Shenzhen zhaochi Limited by Share Ltd (hereinafter referred to as "the company") 4 evening announcement that the company intends and Mr. Li Xianghong jointly funded the establishment of Shenzhen zhaochi digital Polytron Technologies Inc (specific name registration approved by the company registration authority shall prevail, hereinafter referred to as "Siu Chi digital technology"). Trillion Chi digital technology registered capital of 243 million yuan, of which the company invested $240 million, accounting for the registered capital of 98.7654%, Mr. Li Xianghong invested $3 million, accounting for the registered capital of 1.2346%.

According to the announcement, Siu Chi digital technology of the operating range of electronic products, computer software and hardware and application of network product development, production, sales, including televisions, monitors, digital TV set-top boxes, smart hardware, robot, VR/AR, products, automotive electronic devices, by way of DVD player, speakers, projector etc.. Technical advisory services; software development, consulting, maintenance and testing services; information system integration services; creative planning services; sales agent related media, network business and related services; investment management (without restrictions); domestic business, material supply and marketing industry, engaged in import and export business (excluding the above franchise, and control monopoly of goods). The scope of business approved by the company registration authority shall prevail.

Siu Chi shares that the company invested Shenzhen zhaochi digital Polytron Technologies Inc, will help the company to further integrate the advantages of resources and platform of digital set-top box under the layout, expand domestic and foreign broadcasting and telecommunications market. At the same time to broaden the field and emerging industries, opening up new channels and modes, bring new profit growth point for the company, improve the core competitiveness of listed companies, in line with the company in the field of digital set-top box development strategy and the interests of the shareholders.

Ruifeng photoelectric released in the first half of 2016 performance forecast

In July 4th, REFOND released results notice, the company expects 2016 1-6 month (1H16) attributable to shareholders of listed companies net profit of 21 million 660 thousand yuan to 27 million yuan, an increase of 0% to 24.67%, a good price for the company, net profit of optical photonics industry average growth rate of 3.16%, the company net profit for the quarter QoQ decline from 70.62% to 38.71%.

The company said the main reason for the growth of the company's performance from the beginning of January this year, a wholly owned subsidiary of Shenzhen City Ling Tao Optoelectronics Technology Co., Ltd. incorporated into the scope of the consolidated statement. During the reporting period, the company's non recurring gains and losses is expected to be 7 million 573 thousand and 400 yuan, non recurring gains and losses over the same period last year was $3 million 565 thousand and 300.

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