Four-quarter loss from tablet computer ferocious impact on Hanwang technology

The main source of the performance of the electronic reader of the Han Wang Technology (002362), the impact of the tablet computer is more than expected, the company today lowered the 2010-year performance forecast, the 2010 net profit is expected to be 68.48 million Yuan ~9416 million, year-on-year decline in 10%~20%. The company's four-quarter loss was based on a net profit of 100 million yuan in the first three quarters of last year.　　Han Wang technology at the same time disclosure of distribution plans for the Capital Provident Fund to all shareholders 10 shares to increase the 8 shares ~10 shares. At the end of October last year, Hanwang also expected net profit in 2010 to rise 30%~50% from the same period last year.　　The reason for the sharp decline in profits, Hanwang Technology said it was due to the fourth quarter of 2010, the E-book industry by tablet computers and other related products impact, so that the company's paper products, the gross profit margin. From the data, the 2010 sales of E-books still have a certain degree of growth. According to CIC consultants, sales of E-book readers reached 1.0349 million in 2010, with sales in the fourth quarter reaching 305,100, compared with 249,500 in the third quarter, 22% per cent.　　But this is still below analysts ' expectations, and one important reason is that the ipad-led tablet computer is selling well. According to IDC forecasts, 2010 Global Tablet PC shipments will reach 17 million, while the E-book is left behind, last year, the global E-book reader shipments are expected to be 10.8 million units.　　IDC predicts that tablets will also grow fast, with shipments expected to reach 44.6 million units in 2011 and 70.8 million shipments in 2012.　　Analysts believe that the 2010 E-reader actual sales were lower than expected, mainly because the E-reader price war began in the second half, but throughout the year, the overall price is still higher than consumer expectations. 2008 Han Wang Technology net profit of 30 million yuan, a year later, thanks to the best-selling E-book, the company's performance by leaps and bounds.　　Last year, the Shenzhen SME board was hot, the issue price set for 41.9 yuan/share, the opening day of the stock soared to 77 yuan/share, 2.5 months later, the share price rose to 175 yuan/share, but after the stock price began to fall, the previous session close to 74.14 yuan/share. In addition, the Han Wang Science and technology preliminary formulation and submitted to the Board of the 2010-year profit distribution scheme, from the Capital Provident Fund to all shareholders 10 shares to increase the 8 shares ~10 shares, not Tianquan, the cash distribution plan is undecided.