Alto Electronics' first quarter LED export contract of 19.4 million US dollars

On the road of transformation, there will always be various problems, the investment will increase, and the new business will not be able to contribute profits. Alto Electronics, which is expanding the sports industry, has not been spared. After the net profit fell by nearly 70% in 2015, the New Year’s quarter Will lose nearly 10 million yuan.

On the evening of March 30, Alto Electronics (002587.SZ) disclosed the 2016 first quarter results forecast. Performance forecast shows that from January to March 2016, Alto Electronics expects to achieve a net profit loss of 7.5 million yuan - 9.5 million yuan attributable to shareholders of listed companies; and a net profit of 653,400 yuan in the same period last year.

Alto Electronics said that the main reason for the change in the first quarter of 2016 was the year-on-year decrease in sales revenue and the increase in labor costs and operating costs.

On April 6th, Alto Electronics (002587) stated in the newly disclosed “Investor Relations Activity Record Form” that in the first quarter of 2016, the company’s export orders for LED display products reached US$19.4 million, exceeding the 2015 total. The annual LED shows the sum of export contract orders, most of which are LED high-density products. At present, the growth momentum is good.

Alto Electronics' main business is the development, design, production, sales and corresponding professional services of LED display systems and electronic receipt systems.

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