Jingdian Announces 2014 Financial Results Increase by More Than 46 Times

Jingdian announced its 2014 financial report. Under the adjustment of product mix and the average profit rate, the annual net profit after tax was NT$1.81 billion (the same below, equivalent to RMB 355 million), a sharp increase from the previous year. More than doubled, setting a new record since 2010. Jingdian is currently actively integrating the round, and is expected to be better than March in April.

According to the financial report, the average gross profit margin of Jingdian in 2014 increased to 19.05%, and the profitability rate increased to 8.62%, which was 5.74% and 6.64% higher than the previous year respectively. The accumulated net profit attributable to the parent company for the whole year was 1.81 billion yuan. After the share tax, the net profit reached 1.98 yuan.

However, in the fourth quarter, due to the 25% decline in the previous quarter's revenue, and the financial benefits of more than 80 million yuan (about 15.68 million yuan), the impact of last quarter's profit decline to 91 million Yuan (equivalent to about RMB 17.836 million), a significant decline from the 1.816 billion yuan in the third quarter.

After the formal merger of Jingdian Optoelectronics, Jingdian is actively integrating the two industries. It is understood that in the first two months of this year, due to the introduction of new products and positive improvement in yield, the rate of production was less than 50%. After receiving only about 160 million yuan (equivalent to about 31.36 million yuan), the combined revenue of the company was 1.864 billion yuan (equivalent to about 365 million yuan) in February, a decrease of 22.84% and an annual decrease of 9.04%.

At present, the orders of Jingdian are mainly based on the production line of Jingdian. After the integration of the two parties, the products of Yuanyuan will be the same as those of Jingdian. As for the overall prosperity, Jingdian said that the traditional peak season is about to start, and the economy in April should be Better than March. In addition, the board of directors of Jingdian also distributed a cash dividend of 0.829228 yuan, the dividend level was a new high of nearly three years, and the allotment rate was close to 42%. The board of directors also finalized the shareholders meeting on June 2.

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