Box overall revenue significantly reduced with Chau electronics giant loss 150 million

Domestic set-top box manufacturers with the continent of the first half of 2014 reported earnings, with the continent's first-half revenue 705 million yuan, the year-on-year decrease of 22.19%, net profit loss of 155 million yuan, compared with a year earlier reduction of 1068.4%.

By radio and television cable digital rectification speed slowed, set-top box industry competition and other factors, the first half of the same state-level set-top box market sales decreased by about 30.79% year-on-year, international set-top box sales revenue fell about 26.26%.

In recent years with the Continent electronics has been in the transition attempt, has repeatedly entered the mobile phone market. The first half of this year, with the continent launched 960 mobile phone operating system. At present, 960 of mobile phones have not been scale sales, market sales is very small, not part of the company's main business products.

As the main line business of TV Internet, Dvb+ott has completed the layout in Liaoning, Gansu, Guizhou and Hunan areas in the first half of the business. Tongji Electronic program raised no more than 790 million yuan, all used in Liaoning province Dvb+ott TV internet business investment projects.

With the state of electronics had previously issued a notice on the first half of the results of the revision, the results from the surplus to loss. The main reasons are as follows:

1, due to the market changes, the company's mobile phone business revenue than expected to reduce significantly about 92.75 million yuan, the corresponding impact of the reduction of about 3.33 million yuan;

2, part of the Business Project delivery has been completed and normal use of the state, due to customer reasons resulting in project acceptance delays, failed to obtain project acceptance report, in the reporting period can not confirm revenue, resulting in the company's relative operating income reduced by about 27.69 million yuan, the corresponding impact margin reduction of about 4.43 million yuan;

3, for the effective management of some of the bad customer, the company in accordance with the accounts receivable management measures to delay the delivery of related orders, resulting in the reporting period of the company's relative operating income reduced by about 56.43 million yuan, the corresponding impact of the reduction of about 13.54 million yuan;

4, affected by the market, product sales prices have declined, resulting in a decline in overall gross profit margin, resulting in a corresponding impact on the reduction of about 21.63 million yuan.

5. The relevant assets were to be transferred at the beginning of the year, but because the proposed transfer of assets belonged to the government industrial industrial land, the relevant government approval process was not carried out as expected, resulting in a decrease in non-operating income by about 120 million yuan, affecting net profit of about 120 million yuan.