Marbridge Daily

<- April 13, 2012 ->

Shenglu 2011 Profit Down 73%

Shenzhen Stock Exchange, 4/12/12

Guangdong-based wireless component manufacturer Shenglu Telecommunication Tech (002446.SZ) today announced its financial results for 2011, with revenues down 4.7% YoY to RMB 389.44 mln.

Net income attributable to shareholders decreased 72.6% YoY to RMB 12.09 mln.

Revenues from base station antennas decreased 3.2% YoY to RMB 226.43 mln. Revenues from microwave communication antennas increased 23.9% YoY to RMB 86.53 mln. Revenues from radio frequency devices and equipment decreased 32.5% YoY to RMB 33.13 mln. Revenues from indoor antennas decreased by 24.2% YoY to RMB 39.71 mln. Revenues from Yagi-Uda directional antennas sank 7.7% YoY to RMB 2.29 mln.

Revenue from overseas sales increased 31.8% YoY to RMB 52.49 mln and revenue from domestic sales decreased 8.8% YoY to RMB 335.61 mln.

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