Dongjing Electronics' net profit last year was 31.99 million, an increase of 180%

On February 28th, Zhejiang Dongjing Electronics released the 2013 Annual Results Express. During the reporting period, the company achieved a total operating income of 244 million yuan, a decrease of 14.53% over the same period of the previous year; the net profit attributable to shareholders of listed companies was 31.99 million yuan, an increase of 179.69% over the same period of the previous year of 11.4385 million yuan.

Dongjing Electronics said that the competition in the quartz crystal components market in 2013 has intensified, and the demand for products and market orders have declined, resulting in a decrease in the company's main business income; the subsidiary is under construction, the benefits have not been highlighted, and the company's expenses have increased during the period, resulting in a decline in operating profit. In 2013, the net profit attributable to shareholders of listed companies increased significantly, mainly due to the acquisition of Ruikang Crystal (Chengdu) Co., Ltd., which generated a profit of RMB 69.24 million.

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