Austrian extension electronic large single maturity contract process less than 10%

Originally thought in the first color, in fact, just the moon in the water. A year ago, the Austrian extension of the electronics-like Xinhua news Agency's led Full-color business single, now the agreement period has arrived, but the two sides of the performance amount is less than 10%. In desperation, the Austrian extension of the electronics announced today with the cooperation agreement postponed for one year, and the specific purchase amount can only be determined.

In fact, the 2011 photoelectric also received the Xinhua news agency LED display business, but the project also slow progress, as early as January 2013, has terminated the agreement. Anti-Austrian extension electronics, in addition to the publication of the contract in October, there is no other risk hint. And the daily economic news reporter also noted that after the signing of the contract, along with the Austrian extension of the electronic share price of the sharp rise, the company's senior executives also combined to reduce the set is nearly 40 million yuan.

Deferred purchase amount for one year to be determined

The time dates from November 11, 2012, Austrian extension electronics and China Xinhua Television Holdings Limited (hereinafter referred to as Xinhua TV) signed the "Outdoor LED Full-color and advertising system customization Contract", which is the target of outdoor led full color and a set of network control platform software.

The data shows that Xinhua TV is a listed company of the Stock exchange of Hong Kong, and its main shareholder is China Xinhua News Television Network Co., Ltd. In fact, China Xinhua News Network Co., Ltd. is a company incorporated in Hong Kong, China, and a wholly-owned subsidiary of the Agency.

According to the contract, China's Xinhua TV commitment to the Austrian extension of electronic procurement of 200 outdoor led Full-color, the purchase period of 12 months. Austrian extension of the total amount of electronic prediction contract of 1.6 to 220 million yuan, accounting for 2011 years of total operating income 69.51%~95.58%, so its future performance has a greater impact.

Now, a year's deadline is full, but the Austrian extension of the original contract but the performance of slow. As of November 11, 2013, the company obtained the orders issued by Xinhua TV, the total amount is expected to be only 12.25 million yuan, not yet the original estimated amount of one-tenth.

In the face of the actual situation, Austrian Billiton on November 11, and Xinhua Television and its wholly-owned subsidiary signed a supplementary agreement, the two sides agreed to extend the original contract performance period of one year, that is extended to November 11, 2014.

However, the daily economic news reporter found that in the supplementary agreement, Austrian Billiton Electronics has been agreed to the original price of products from 15,000 yuan/square meters down to 14,800/square meters. In addition, the Austrian extension electronics also said that in the supplementary agreement in the course of the implementation of the purchase order quantity there is a greater uncertainty, the total amount can not be determined.

High frequency reduction of supervisor after large single

By 200 million big single stimulation, the Austrian extension electron immediately enters the strong rise track. Since last November, its share price has pulled from 11 yuan/share near the all-time high of 18.35 yuan/shares, during which the rise reached 70%.

In the run-up to the stock price, the Austrian senior officials also began to reduce the company's shares. Among them, December 2012, including vice chairman Guo Weihua, finance director Peng and other 7 senior executives together to reduce 1.971 million shares; this March ~ September, Guo Weihua also continued to reduce 371,000 shares, Huang, Churong Two supervisors also total reduction of 487,900 shares. Up to now, the above executives a total of 2.83 million shares, the cumulative set of 37.16 million yuan.

In fact, the daily economic news reporter noted that the Austrian extension electronics is not the first to enter the business of the LED listed companies, as early as December 22, 2011, the capital market has not yet full moon of the diligent photoelectric on the total amount of up to 1.5 billion yuan orders.

At that time, the diligent photoelectric and Guangzhou Kat Choi Culture Communication Co., Ltd. (hereinafter referred to as the company) signed a 5-year display purchase order, the display of its procurement for the implementation of the "Xinhua frequency Media display Project." However, in 2012, the implementation of the project was slow and the amount of purchase agreement was only 4.667 million yuan. Helpless, diligence on Optoelectronics in January 2013 announcement announced, and the company released the relevant agreement.