Dehao Runda's 2013 net profit of 9.36 million fell sharply by over 90%

On the evening of February 27th, Dehao Runda (002005) disclosed the 2013 performance report. During the reporting period, the company achieved operating income of 3.117 billion yuan, a year-on-year increase of 13.04%; net profit attributable to shareholders of listed companies was 9.364 million yuan, down 94.22% year-on-year; basic earnings per share was 0.008 yuan.

During the reporting period, the company's operating income increased compared with the same period of last year mainly due to the company's LED products operating income increased by about 40% over the previous year, and the market competition intensified the company's small household appliances business orders fell more than the same period last year. The sharp decline in net profit was mainly attributable to the sharp decline in operating profit due to the decrease in comprehensive gross profit margin and the significant increase in period expenses.

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