Marbridge Daily

<- April 17, 2012 ->

Elec-Tech 2011 Profit Up 100%

CNInfo, 4/17/12

Guangdong-based home electronics manufacturer Elec-Tech International (002005.SZ) has released its 2011 fiscal report showing revenue of RMB 3.07 bln, an increase of 18.12% over the previous year.

Net income attributable to shareholders was RMB 392.31 mln, up 100.44% YoY.

In 2011, revenue from LED chips was RMB 14.77 mln, up 100% YoY; revenue from LED packaging was RMB 12.58 mln, up 15.99% YoY; LED applications revenue was RMB 772.20 mln, up 202.67% YoY; revenue from kitchen appliances was RMB 1.86 bln, down 2.45% YoY; revenue from household and personal care products was RMB 101.37 mln, up 8.00% YoY; and revenue from trading business and other operations was RMB 156.43 mln, up 46.12% YoY.

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