The report shows that the company achieved operating income of 608 million yuan in 2012, an increase of 14% over the same period of last year, mainly due to the acquisition of Shenzhen Redio Optoelectronics Technology Co., Ltd. resulting in increased operating income after the merger. Among them, the display products realized sales income of 507 million yuan, and lighting products realized sales income of 57.66 million yuan.
Zhou Ming Technology said that during the reporting period, the company insisted on increasing R&D investment and strengthening the construction of marketing channels, resulting in an increase in management expenses compared with the same period last year and affecting current profits.
Zhou Ming Technology said that due to the lower overall industry economy in 2012, the company adopted a cautious attitude in combination with the current actual operating conditions and strategically delayed the purchase of more production equipment to improve the efficiency of the use of capital assets. The investment progress of LED screen expansion project, LED lighting expansion project, R&D center project and other projects was postponed, and the project was postponed until December 31, 2013.
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