Lianjian Optoelectronics estimates that net profit for the first three quarters will increase by 11%-23% over the same period

Lianjian Optoelectronics released the results forecast for the first three quarters of 2013. The company estimated that the net profit attributable to shareholders of listed companies was 18.58 million yuan -25.55 million yuan, up from the same period of the previous year of 16.7 million yuan: 11% -23%.

Lianjian Optoelectronics said that from January to September 2013, the net profit of LED display business of Lianjian Optoelectronics Co., Ltd. was approximately RMB 3408-350.5 million, an increase of 75%-86% compared with 19.4 million RMB in the same period of last year. The main reasons are as follows:

1) Sales revenue growth, especially due to the increase in export revenue;

2) In June 2012, the company paid the tax bureau a total of RMB 7,235,700 for the enterprise income tax for 2008-2010. The tax was borne by the company's shareholders but was included in the company's profit and loss, and the net profit was reduced by 7,235,700 yuan. With a capital reserve of 7,235,700 yuan, the net profit of Lianjian Photonics' LED display business increased by about 28%-35% from January to September 2013, excluding the impact of the paid income tax.

In addition, Lianjian Optoelectronics pointed out that Linkage Culture (Beijing) Co., Ltd. had a pre-loss of approximately 15.5 million yuan in January-September 2013. The company was incorporated in June last year and lost RMB 2.7 million in September 2012.

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