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Dongjing Electronics' 2013 net profit rose 179% but lost money after deductions


Dongjing Electronics (002199) disclosed its annual report on the evening of April 2. The company's net profit in 2013 was 31.8957 million yuan, a year-on-year increase of 178.84%, and earnings per share was 0.17 yuan. However, after deducting non-recurring gains and losses, Dongjing Electronics lost 55.8774 million yuan.

In 2013, Dongjing Electronics’ operating income was 244 million yuan, a year-on-year decrease of 14.53%.
Dongjing Electronic Materials suffered a loss of 18-22 million yuan in the first quarter of this year. The main reason is that the quartz crystal market is fiercely competitive and product prices have dropped; the LED sapphire project has not yet formed large-scale production, sales revenue is small, and fixed costs are high, resulting in the company's operating performance losses in the first quarter of 2014.

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