Qinshang Optoelectronics said that the company's main business revenue in 2012 increased steadily year-on-year, leading the domestic LED lighting application industry. However, due to the cancellation of the first-phase equity incentive plan, the accrual of the share-based payment expenses, the net profit did not increase.
Audited by Guofu Haohua Certified Public Accountants Co., Ltd., Qinshang Optoelectronics realized a net profit of RMB 105 million attributable to the owner of the parent company in 2012, and after withdrawing the statutory surplus reserve of RMB 11,353,015.24, the undistributed profit at the beginning of the year was RMB 299,578,868.43. The profit distributed to shareholders is 374,719,549.62 yuan. Qinshang Optoelectronics will not distribute profits in 2012, and plans to implement a profit distribution plan including cash dividends in mid-2013.
Qinshang Optoelectronics said that in 2013, the company will launch third-party B2C and B2B e-commerce platforms in a timely manner, increase network promotion efforts and sales efforts, and seize the network sales share of LED lighting.
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