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Aisidi 2010 Profit Up 25%

Shenzhen Stock Exchange, 4/19/11

Chinese national wholesale handset distributor Shenzhen Aisidi Industry (002416.SZ) has today announced its unaudited financial results for the year ended 2010, with revenue up 24.4% YoY to RMB 10.89 bln.

Net income attributable to shareholders also increased 24.8% YoY to RMB 596.96 mln.

Revenue from communication products increased 20.0% YoY to RMB 10.12 bln and revenue from digital products increased 151.6% YoY to RMB 700.35 mln. Revenue from other business lines reached 11.66 mln, up from zero last year.

Total handset procurement from major suppliers in 2010 broke down as follows:

Main Suppliers Purchases (RMB/mln) % of Total Purchases
Samsung 6,190.47 62.0%
Motorola 1,103.15 11.0%
Yulong 876.86 9.0%
Sony Ericsson 641.87 6.0%
Apple 699.39 7.0%
Total 9,511.75 95.0%

Total revenue from major retail customers broke down as follows:

Main Customers Revenue (RMB/mln) % of Total Revenue
Suning (Nanjing) 615.50 5.7%
Gome (Xining) 314.70 2.9%
Shenzhen Mobile 180.42 1.7%
Zhongyu Telecom 167.20 1.5%
D.Phone (Beijing) 122.01 1.1%
Total 1,399.83 12.9%

Keywords: distribution Samsung Yulong D.Phone handset Motorola profit retail revenue wireless Zhongyu Gome Suning Aisidi Apple Sony Ericsson 002416.SZ 002024.SZ 0493.HK China Wireless 2369.HK fiscal report


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