Dehao Runda's 2014 Q1 results were lower than the expected net profit of 35.66 million yuan

Dehao Runda released its first quarter 2014 results report, achieving revenue of 766 million yuan, an increase of 8.56% year-on-year. The net profit attributable to listed companies was -35.66 million yuan, and revenue and profit were lower than expected.

Dehao Runda said that the reasons for lower-than-expected results include: (1) the decline in the sales price of LED products and the decline in gross profit margin; (2) the corporate bonds issued by the company, the financing of the acquisition of NVC equity, and the construction in progress Such as the increase in interest expenses, resulting in a substantial increase in financial costs.

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