Aoyang Shunchang's net profit for the first half of 2012 increased by 3% year-on-year

On July 31, Aoyang Shunchang released the 2012 semi-annual report. During the reporting period, the company achieved a total operating income of approximately 907.75 million yuan, an increase of 15.54%; the total profit reached approximately 96.54 million yuan, an increase of 6.54%; the net profit attributable to shareholders of the listed company was approximately 54.43 million yuan, an increase of 3%.

During the reporting period, the Aoyang Shunchang LED project completed most of the civil works. As of the disclosure date of this report, the mechanical and electrical installation has basically ended. Next, LED epitaxial wafers and various types of main and auxiliary equipment required for chip production will be in place. Considering that the LED industry has continued to recover since 2012, the company plans to speed up the project, determine the technical route through internal technical team research and development and external cooperation, and ensure that sales will be achieved in the third quarter of this year.

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