LAN, science and technology of the four Tipali 10.4 million U.S. dollars year-on-year increase of 49.5%

Sina Science and technology news Beijing time of February 20, the LAN-Tech (Nasdaq:mont) today released the end of the 2013 fiscal year ended December 31, the quarter and the full year earnings. The quarter, the LAN-tech revenue for 35.4 million U.S. dollars, the chain growth of 17.9%, the year-on-year growth of 49.5%. Based on the United States General accounting standards, net profit of 8.9 million U.S. dollars, diluted earnings per share of 0.31 U.S. dollars. The third quarter net profit of 8 million U.S. dollars, diluted earnings per share of 0.31 U.S. dollars. In fiscal year 2012, the net profit for the quarter was $3.7 million trillion, with a diluted earnings of $0.12 per share. Based on non-US GAAP, the net profit is USD 10.4 million, with a diluted earnings of $0.37 per share. The third quarter net profit of 9.5 million U.S. dollars, diluted earnings per share of 0.38 U.S. dollars. In fiscal year 2012, the net profit for the quarter was $4.3 million trillion, with a diluted earnings of $0.15 per share. Quarter Performance Summary: Revenue for 35.4 million U.S. dollars, the chain growth of 17.9%, the year-on-year growth of 49.5%. Gross profit margin of 62.4%, operating profit margin of 25.1%. Based on the United States General accounting standards, diluted earnings per share of 0.31 U.S. dollars. Based on non-US GAAP, each share of diluted income is 0.37 dollars. Set-top box product revenue quarter-on-quarter growth of 11%, the memory interface product revenue chain growth of 85.8%. Operating cash flow is 12.6 million dollars. 2013 Annual Results Summary: Revenue of 110.9 million U.S. dollars, compared with 2012 in fiscal year 78.2 million U.S. dollars to increase 41.7%. Gross profit margin of 63.2%, operating profit margin of 24.4%. Based on the U.S. General accounting standards, diluted earnings per share of 1.06 U.S. dollars, and 2012 fiscal year diluted earnings per share of 0.66 U.S. dollars. Based on non-US general accounting standards, the earnings per share is 1.26 U.S. dollars, while the 2012 fiscal year diluted earnings per share of 0.72 dollars. Set-top box product revenue grew 34% year-on-year, the memory interface product revenue growth of 165.1% Quarter-on-quarter. Operating cash flow is 35.7 million dollars. The LAN technology completes the IPO on October 1, 2013 (initial public offering), net income 46.9 million dollars. Quarterly results Analysis: The total revenue of 35.4 million U.S. dollars, compared with the third quarter of 30.1 million U.S. dollars in the growth of 17.9%, compared with the 23.7 million dollar a year earlier, the increase of 49.5%. Among them, set-top box products revenue of 30.2 million U.S. dollars, accounting for 85.3% of total revenue. Memory interface product revenue of 5.2 million U.S. dollars, accounting for 14.7% of total revenue. Gross profit of 22.1 million U.S. dollars, accounting for 62.4% of total revenue. The third quarter was $19.1 million trillion, accounting for 63.7% of total revenue. The same period last year was 13.3 million U.S. dollars, accounting for 56.3% of total revenue. Operating expenses were $13.3 million trillion, the third quarter was $10.5 million trillion, and 9.4 million dollars a year earlier. Operating profit of 8.9 million U.S. dollars, accounting for 25.1% of revenue. The third quarter was $8.6 million trillion, with a total revenue of 28.8%. 3.9 million dollars a year earlier, accounting for 16.5% of revenue. Based on the United States General accounting standards, net profit of 8.9 million U.S. dollars, diluted earnings per share of 0.31 U.S. dollars. The third quarter net profit of 8 million U.S. dollars, diluted earnings per share of 0.31 U.S. dollars. In fiscal year 2012, the net profit for the quarter was $3.7 million trillion, with a diluted earnings of $0.12 per share. Based on non-US GAAP, the net profit is USD 10.4 million, with a diluted earnings of $0.37 per share. The third quarter net profit of 9.5 million U.S. dollars, diluted earnings per share of 0.38 U.S. dollars. In fiscal year 2012, the net profit for the quarter was $4.3 million trillion, with a diluted earnings of $0.15 per share. As of December 31, 2013, LAN technology has cash, cash equivalents and short-term investment of about 107.7 million U.S. dollars, and as of September 30, 2013 at 47.6 million U.S. dollars. In the IPO on October 1 last year, the LAN-tech net income of 46.9 million dollars was deducted from the related fees. In the quarter, the LAN-tech operation cash flow is 12.6 million dollars. Performance Outlook: LAN-Tech forecast, the first quarter of fiscal year 2014 revenue will reach 29 million U.S. dollars to 32 million U.S. dollars, gross margin will reach 60% to 62%. Conference call: LAN-Tech management team will be in the U.S. Eastern Time February 20, 2013 8 o'clock in the morning (Beijing time February 20 Night 9 o'clock) to hold a earnings conference call. The telephone number for the conference call is as follows: USA: 1-855-500-8701; China: 4001200654; other areas: +1-845-675-0438; password: 29883342. In addition, LAN-tech website www.montage-tech.com Investor Relations channel will be live on the teleconference. (Li Ming)