Furi Electronics' 2012 net profit of 43.05 million yuan decreased by 46% year-on-year

On March 20th, Fujian Furi Electronics (600203) released its 2012 annual report. During the reporting period, the total operating income was 2.723 billion yuan, an increase of 29% over the same period of the previous year; the net profit attributable to the owner of the parent company was 43.05 million yuan, a decrease of 46% over the same period of the previous year; the basic earnings per share was 0.18 yuan. Drop by 45%.

The report pointed out that the decrease in profit was mainly due to the significant decrease in investment income during the reporting period. During the reporting period, the company promoted LED industry asset integration and business restructuring. The company completed the asset and business restructuring of its subsidiary Futian Lighting (formerly Fujian Furi Keguang Electronics Co., Ltd.) and Furi Optoelectronics (formerly Fujian Xingxin Electronics Manufacturing Co., Ltd.).

According to the report, according to the company's development strategy, the future will be based on the holding subsidiaries Furi Lighting and Furi Optoelectronics, and vigorously develop the LED industry and expand the scale of the industry. It is planned to build a complete industrial chain of R&D, production and application of LED chip manufacturing, packaging and application products through new construction, expansion, joint venture, cooperation, etc., rapidly expand the industrial scale, enhance market competitiveness, and realize the leap-forward development of the LED industry.

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