[results] 2017 newsletter three LED companies notice, and the

Yesterday (18) evening and this morning, in the rectangular and poly Chan photoelectric group have disclosed the 2017 results notice, which together can photoelectricity yejiyuzeng, a group is expected to turn around, and is expected to decline in performance.

Poly Chan photoelectric year 2017 is expected to achieve net profit attributable to shareholders of listed companies was 100 million yuan, 118 million yuan, 60 million 608 thousand and 500 yuan more than the same period last year growth of 64.99%-94.69%.

Poly Chan photoelectric said, during the reporting period, due to the LED demand, the company 2017 annual net profit attributable to owners of the parent company's main business than the same period last year grew by a large margin. Attributable to the parent company expected non recurring gains of approximately $21 million 520 thousand in 2017 companies.

A group of the year 2017 is expected to achieve net profit attributable to shareholders of listed companies 30 million yuan -3500 million yuan, compared with the same period last year loss of 62 million 744 thousand and 700 yuan, in 2017 the performance of profitability, the main reasons include: compared to net profit subsidiary of Shenzhen Kang Ming Sheng Technology Industrial Limited by Share Ltd in 2017 attributable to the parent company's 2016 annual increase in 2017; will be moved to Huizhou Industrial Park, packaging production line, fine management, optimize production allocation, reduce costs, improve the operational efficiency of assets.

In addition, the year 2017 is expected to non recurring impact on net profit amounted to approximately 22 million 280 thousand yuan.

In the year 2017 is expected to achieve net profit attributable to shareholders of listed companies 20 million 64 thousand and 100 yuan -4012.81 million yuan, 66 million 880 thousand and 200 yuan more than the same period last year fell 40%-70%.

According to the announcement, the reasons for changes in performance in 2017 is: during the reporting period, the company actively expanding business scale, the overall sales continued to grow, but because the price of raw materials rose sharply at the same time, affected by the economic situation of overseas market and foreign currency fluctuations, accounting for income structure change, leading to a comprehensive level of gross margin over the same period last year decreased. In addition, to seek new business growth for the company, to speed up the new energy vehicle and non vehicle charging strategy pace, increased R & D investment in new products.

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