[High-tech LED News] Tianlong Optoelectronics recently released the first quarter 2011 financial report. The financial report shows that in the first quarter of this year, the company achieved operating income of 142 million yuan, an increase of 128.63% over the same period. The net profit attributable to shareholders of listed companies was 33.318 million yuan, an increase of 198.19% over the same period of last year; basic earnings per share was 0.17 yuan, an increase of 183.33 over the same period of last year. %.
At present, the company is in the early stage of the introduction of new products such as polysilicon ingot furnace, multi-wire cutting machine, LED sapphire furnace and epitaxial furnace, which makes the sales expenses and management expenses increase significantly. The comprehensive operating expenses for the first quarter of 2011 were much higher than the increase in revenue for the same period. Among them, operating costs increased by 116.03% over the same period of the previous year; sales expenses increased by 293.7% over the same period of the previous year; administrative expenses increased by 198.48% over the same period of the previous year; financial expenses increased by 12876.79% over the same period of the previous year.
According to the announcement of Tianlong Optoelectronics Financial Report, in March 2011, the company and Hong Kong Huasheng Optoelectronic Equipment Co., Ltd. jointly established Jiangsu Zhonghao Semiconductor Equipment Co., Ltd. (see Table 1).
Tianlong Optoelectronics invested 533.333 million yuan, accounting for 56% of the shares, and Huasheng Optoelectronics invested RMB 35.238 million in intangible intellectual property investment and RMB 666.67 million in capital investment, accounting for 44% of the total.
The company's LED MOCVD equipment project is put into production, taking into account the construction, installation and trial production time requires a period of time, it is expected that there will be no revenue in 2011.
In order to expand the scale and invest heavily in the research and development of new products, the net cash flow from operating investment activities in the first quarter of 2011 increased by 1180.14% compared with the same period of the previous year; the cash inflow from financing activities increased by 3071.11% over the same period of the previous year. Large expenditures or liabilities in the short term will lower the growth rate of profit of the main business.
We have rich experience on one-stop solution, provide various services from new product design,prototype,mold making,mass production,assembly and logistics. The most important advantage is we have our own R&D team to help clients to turn ideas into actual parts. All of these engineers and designers have over 15 years experience in these plastic products fields.
We have a strict quality control system, an excellent management team and also a dedicated sales force, enable us to fulfill our commitment in high quality products and outstanding services.
If you are looking for a trustworthy supplier of customized items, please do not hesitate to contact us. We are always striving to establish a win-win partnership with customers from all over the world and help our partners to stay one step in front of your competitors.
At present, the company is in the early stage of the introduction of new products such as polysilicon ingot furnace, multi-wire cutting machine, LED sapphire furnace and epitaxial furnace, which makes the sales expenses and management expenses increase significantly. The comprehensive operating expenses for the first quarter of 2011 were much higher than the increase in revenue for the same period. Among them, operating costs increased by 116.03% over the same period of the previous year; sales expenses increased by 293.7% over the same period of the previous year; administrative expenses increased by 198.48% over the same period of the previous year; financial expenses increased by 12876.79% over the same period of the previous year.
According to the announcement of Tianlong Optoelectronics Financial Report, in March 2011, the company and Hong Kong Huasheng Optoelectronic Equipment Co., Ltd. jointly established Jiangsu Zhonghao Semiconductor Equipment Co., Ltd. (see Table 1).
Table 1 Data source: High-tech LED industry research institute (unit: 10,000 yuan)
Tianlong Optoelectronics invested 533.333 million yuan, accounting for 56% of the shares, and Huasheng Optoelectronics invested RMB 35.238 million in intangible intellectual property investment and RMB 666.67 million in capital investment, accounting for 44% of the total.
The company's LED MOCVD equipment project is put into production, taking into account the construction, installation and trial production time requires a period of time, it is expected that there will be no revenue in 2011.
In order to expand the scale and invest heavily in the research and development of new products, the net cash flow from operating investment activities in the first quarter of 2011 increased by 1180.14% compared with the same period of the previous year; the cash inflow from financing activities increased by 3071.11% over the same period of the previous year. Large expenditures or liabilities in the short term will lower the growth rate of profit of the main business.
Dongguan Deli Plastic Co.,Ltd is a manufacturer specialized in the research, development ,plastic injection mould and making mass production with well-equipped facilities and strong technical force.
Our products are extensively used in household industry/electronic industry/automobile industry/building industry and other industries.
We have rich experience on one-stop solution, provide various services from new product design,prototype,mold making,mass production,assembly and logistics. The most important advantage is we have our own R&D team to help clients to turn ideas into actual parts. All of these engineers and designers have over 15 years experience in these plastic products fields.
We have a strict quality control system, an excellent management team and also a dedicated sales force, enable us to fulfill our commitment in high quality products and outstanding services.
If you are looking for a trustworthy supplier of customized items, please do not hesitate to contact us. We are always striving to establish a win-win partnership with customers from all over the world and help our partners to stay one step in front of your competitors.
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