[text] changelight Yukui, 1H16 completed the acquisition of Lehman's shares

Changelight expects half year loss of 5 million to 10 million

In July 5th, changelight released results notice, the company expects net profit 1-6 in 2016 attributable to shareholders of listed companies -1000 million to -500 million yuan, down 141.08% to 120.54%, bearish on the stock price, net profit of optical photonics industry average growth rate of 3.16%, the company net profit for the quarter QoQ decline from 2051.90% to 1125.95%.

The company said the first half of 2016 performance is expected to decline from a year earlier than the main factors are: 1, during the reporting period, LED blue chip project gradual release of production capacity, the product gross margin increased slightly, but still can not afford the current fixed costs and management costs, resulting in the project is still at a loss. 2, during the reporting period, due to the increase in the cost of research and development of LED chip project investment, resulting in increased management costs compared with the same period last year, resulting in net profit fell. 3, during the reporting period, due to the investment in blue and green projects, production equipment finance lease costs increased, resulting in a significant increase in financial expenses compared with the same period last year, resulting in net profit fell.

Lehman Football Club

Yesterday (6) morning, Li Mantie, chairman of Lehman shares announced at a news conference, has acquired a wholly owned by Shenzhen Lehman investment company, Newcastle super jet club. M & a process has been completed, all delivery is completed, while the official opening of China's Jet fleet strategy and business investment in china.

Li Mantie said that the acquisition is an important part of the layout of the Lehman sports industry, the actual operation of the company will be listed by the sports industry team.

June 14th of this year, Li Mantie announced that it will acquire 100% stake in the Australian super team Newcastle jet. This is the first time the overseas club was wholly acquired by the Chinese side, caused great repercussions abroad.

According to reports, the future of Lehman plans to transport at least 1 Chinese players to join the Newcastle jets, and are confident that within the next 3 years to help the team return to the AFC Champions league. At the same time, Lehman has begun preparations for the summer team to play in china. In addition, the Australian youth football training, football tourism projects have been put on the agenda, a series of follow-up action will gradually open up the sports market in China and australia.

For the team's commercial value, Li Mantie believes that compared with many European and Australian Super League, no promotion and adhere to the salary cap system, finance is very healthy, a lot of teams through professional operating profit. In addition, the Australian super every year 2 to 3 teams can participate in the AFC Champions League, plus the company is currently operating Chinese players in Australia, the future is likely to be in the AFC Champions League against China's local team.

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