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Qinshang Optoelectronics' 2014 annual results revised net profit decreased by nearly 90% year-on-year
Qinshang Optoelectronics recently released the 2014 Annual Results Express Bulletin Notice. It is estimated that the total operating income for 2014 is 906 million yuan, down 20.58 year-on-year; the net profit attributable to shareholders of listed companies is 13.2274 million yuan, down 87.28 year-on-year. The company disclosed the 2014 annual performance report on February 28, 2015. It is estimated that the total operating income for 2014 will be 927 million yuan, down 18.73 year-on-year; the net profit attributable to shareholders of listed companies will be 25.70 million yuan, down 75.60 year-on-year. Qinshang Optoelectronics said that the main reason for the difference was: after the initial audit by the accounting firm, the company's part of the EMC project revenue confirmation decreased during the reporting period, and the related expenses increased during the reporting period, resulting in the company's operating income and attribution at the reporting period. The net profit of shareholders of listed companies has decreased compared with the performance report.