Guangdong Ganhua's interim net profit of 6.25 million year-on-year decreased by 90.5%
On August 14, Guangdong Ganhua released the 2013 semi-annual report. During the reporting period, the company realized operating income of 214 million yuan, a year-on-year increase of 5.6%; net profit attributable to owners of the parent company was 6.25 million yuan, down 90.43% from the same period of last year; basic earnings per share was 0.02 yuan, down 90% year-on-year.
The report shows that in the first half of 2013, Guangdong Ganhua LED epitaxial wafer, chip production project and yeast bioengineering technical transformation and expansion project were progressed as planned; 10 MOCVD equipments were successfully delivered to the factory at the end of June 2013. The procurement is being organized as planned. Guangdong Deli Optoelectronics Co., Ltd., a subsidiary of the LED business, has an operating income of 0 and a net profit loss of 1.03 million yuan.
Guangdong Ganhua said that the main reason for the 90.5% reduction in net profit during the reporting period was that the same period last year, Jiangmen City State-owned Assets Supervision and Administration Commission received 60 million yuan of support funds, and there was no such income in the current period.
The report shows that in the first half of 2013, Guangdong Ganhua LED epitaxial wafer, chip production project and yeast bioengineering technical transformation and expansion project were progressed as planned; 10 MOCVD equipments were successfully delivered to the factory at the end of June 2013. The procurement is being organized as planned. Guangdong Deli Optoelectronics Co., Ltd., a subsidiary of the LED business, has an operating income of 0 and a net profit loss of 1.03 million yuan.
Guangdong Ganhua said that the main reason for the 90.5% reduction in net profit during the reporting period was that the same period last year, Jiangmen City State-owned Assets Supervision and Administration Commission received 60 million yuan of support funds, and there was no such income in the current period.
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