Honglitronic Records Soaring Net Profits in 1Q16

Honglitronic announced its fiscal performance for the first quarter of 2016 jumped at least 110%.

Net profits nearly doubled from RMB 27.27 million (US $4.2 million) during the same period last year to reach at least RMB 57.25 million.

The company’s net profits improved due to better demands in the LED lighting market during first quarter this year, and steady business performance.

Additionally, the company has recently transferred and sold 15.05% shares in Dong Guan Hardwin, which is expected to affect this quarter’s net profits by RMB 14 million, which will be recorded as non-recurring net profits or losses.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.