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Highlights of first quarter reports of Mulinsen, Wanrun, Leyard and Zhouming

Capacity expansion drives revenue growth. Mulinsen Q1 revenue is 750 million yuan

Mulinsen released its 2015 first quarter report on the evening of the 22nd. During the reporting period, the company achieved revenue of 750 million yuan. .51 billion yuan, a year-on-year increase of 15.49%; the net profit attributable to shareholders of listed companies was 92.2912 million yuan, a year-on-year increase of 2.42%; the net profit after non-deduction was 92.3682 million yuan, a year-on-year increase of 3.75%.

The company estimates that the net profit attributable to shareholders of listed companies from January to June 2015 will be 252 million yuan to 272 million yuan, an increase of 0% to 8% compared with 251.6958 million yuan in the same period last year.

Mu Linsen said that the reasons for the change in performance are: 1) The expansion of production capacity has driven sales growth, and the investment in process innovation and new product development has increased, resulting in an increase in R&D expenses; 2) The company has increased its efforts to develop overseas markets for LED application products, resulting in an increase in sales expenses, but the expansion of R&D innovation and application products can bring new profit growth points for the company's sustainable development.

Wanrun Technology is still stuck in the trap of increasing revenue without increasing profits

Wanrun Technology released its 2015 first quarter report on the evening of the 22nd. During the reporting period, the company achieved revenue of 106 million yuan, year-on-year. An increase of 9.63%; the net profit attributable to shareholders of listed companies was 2.1874 million yuan, a year-on-year decrease of 76.87%; the net profit after non-deduction was 1.3585 million yuan, a year-on-year decrease of 83.72%.

The company estimates that the net profit attributable to shareholders of listed companies from January to June 2015 will be 2013.26 to 32.7155 million yuan, an increase of -20% to 30% compared to 25.1658 million yuan in the same period last year.

Wanrun Technology stated that the reasons for the change in performance are: 1. It is expected that the equity of Shenzhen Rishang Optoelectronics Co., Ltd. acquired by the company will be completed in May 2015. After the completion of the delivery, the company will include it in the scope of company consolidation in accordance with the relevant provisions of the "Accounting Standards for Business Enterprises"; 2. As production capacity is gradually released, sales revenue in the second quarter is expected to grow rapidly. However, affected by market competition factors, sales are expected to Gross profit margin will decrease year-on-year; 3. In order to increase product market share and enhance the company's profitability and core competitiveness, the company continues to increase investment in R&D and market development, and corresponding expenses will increase; 4. The company's production base has been successfully relocated in the first quarter, but during the relocation process, there was a certain loss of production personnel, resulting in a limited release of production capacity. In addition, the expenses incurred during the relocation had a certain impact on the performance in the first half of the year.

Leyard’s Q1 net profit increased by 219.42% year-on-year in the off-season of small spacing

In the first quarter of 2015, Leyard achieved operating income of 227 million yuan, a year-on-year increase of 59.01%, and net profit of 34.0453 million yuan, a year-on-year increase of 219.42%. Net profit after non-deductions increased by 341.85% compared with the same period last year, and the comprehensive gross profit margin was 39.92%. Recently, Leyard's holding companies have received frequent good news. Kinda Lighting won the bid for the "Wuhan Optics Valley International Tennis Center Main Stadium Night Lighting Project" with a maximum amount of 40.9746 million yuan in Kinda's history. Leyard Europe signed a contract worth 4.508 million U.S. dollars for a European theme park project. Leyard America signed a contract worth 2.914 million U.S. dollars for an American project. In the first quarter of 2015, Leyard's small-pitch TV achieved operating income of 97.4153 million yuan, a year-on-year increase of 72%, accounting for 43.07% of the company's main business income, a year-on-year increase of 2.72%, and a gross profit margin of 39.17%, a year-on-year increase of 4.79%.

Increase in revenue and benefit Zhouming’s Q1 net profit increased by 50%

Unilumin Technology released its 2015 first quarter report on the evening of the 22nd. During the reporting period, the company achieved revenue of 213 million yuan, a year-on-year increase of 17.38%; net profit attributable to shareholders of the listed company was 7.7575 million yuan, a year-on-year increase of 54.02%.

Unilumin Technology stated that during the reporting period, the company and its holding subsidiaries implemented active sales strategies, actively explored overseas markets for display and lighting and channel construction for small-pitch products, and further increased the market share of the company's products by continuing to improve customer satisfaction and achieved good results. The business orders of Radiodio, the company's holding subsidiary, continue to maintain a high growth trend. Lamp Technology, which was consolidated in December 2014, also turned a profit compared to the same period, and the synergy effects of mergers and acquisitions have initially emerged.

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