Alto Electronics (002587) released its 2013 annual report today. The company's business and net profit declined year-on-year. According to the report, the company achieved operating income of 280 million yuan in 2013, down 7.98% year-on-year; net profit attributable to shareholders of listed companies was 48.127 million yuan, down 7.19% year-on-year.
The reporter noted that the decline in Alto's 2013 performance was mainly due to the relocation of the main financial electronics business and the intensified competition in the LED display industry. However, the company's LED lighting business performed well, with revenue up 232.88% year-on-year.
According to the annual report data, in 2013, the company's LED application business revenue was 236 million yuan, an increase of 6.11%; business gross margin was 50.48%, an increase of 5.36%.
From the perspective of sub-sectors, the revenue of LED video display system was 115 million yuan, down 19.92% year-on-year; the revenue of LED information release and instruction system was 105 million yuan, up 41.65% year-on-year; the performance of LED lighting products was even better. The annual operating income reached 160.068 million yuan, an increase of 232.88%.
In addition, the revenues of the electronic receipt system and the LCD advertising machine were respectively 147.44 million and 14.6051 million, both of which decreased year-on-year. The other main business of Alto Electronics - Financial Electronics last year's revenue decline is very obvious, the annual operating income was 44.147 million yuan, down 46.2%. The good news is that the gross profit margin is 59.25%, an increase of 17 percentage points year-on-year.
On the shareholder side, compared with the end of the third quarter of last year, the former largest tradable shareholder, China Southern Inspection Electronics Group (Shenzhen), disappeared from the list of the top ten shareholders, and Huatai Securities held 1,658,300 shares, accounting for 1.5%, becoming the company. The 9th largest shareholder. Judging from the stock price trend of Alto Electronics, Huatai Securities' shareholding in the fourth quarter of last year was very high.
Alto Electronics said it expects total sales revenue to increase by 90% in 2014 and net profit of 80 million yuan. According to the annual report, as of the end of 2013, the company had not executed orders of 102 million yuan. The order amount accounts for nearly 43% of the company's 2013 revenue.
Based on the above forecasted amount, Alto Electronics' revenue target for 2014 is approximately 532 million yuan.
The reporter noted that the decline in Alto's 2013 performance was mainly due to the relocation of the main financial electronics business and the intensified competition in the LED display industry. However, the company's LED lighting business performed well, with revenue up 232.88% year-on-year.
According to the annual report data, in 2013, the company's LED application business revenue was 236 million yuan, an increase of 6.11%; business gross margin was 50.48%, an increase of 5.36%.
From the perspective of sub-sectors, the revenue of LED video display system was 115 million yuan, down 19.92% year-on-year; the revenue of LED information release and instruction system was 105 million yuan, up 41.65% year-on-year; the performance of LED lighting products was even better. The annual operating income reached 160.068 million yuan, an increase of 232.88%.
In addition, the revenues of the electronic receipt system and the LCD advertising machine were respectively 147.44 million and 14.6051 million, both of which decreased year-on-year. The other main business of Alto Electronics - Financial Electronics last year's revenue decline is very obvious, the annual operating income was 44.147 million yuan, down 46.2%. The good news is that the gross profit margin is 59.25%, an increase of 17 percentage points year-on-year.
On the shareholder side, compared with the end of the third quarter of last year, the former largest tradable shareholder, China Southern Inspection Electronics Group (Shenzhen), disappeared from the list of the top ten shareholders, and Huatai Securities held 1,658,300 shares, accounting for 1.5%, becoming the company. The 9th largest shareholder. Judging from the stock price trend of Alto Electronics, Huatai Securities' shareholding in the fourth quarter of last year was very high.
Alto Electronics said it expects total sales revenue to increase by 90% in 2014 and net profit of 80 million yuan. According to the annual report, as of the end of 2013, the company had not executed orders of 102 million yuan. The order amount accounts for nearly 43% of the company's 2013 revenue.
Based on the above forecasted amount, Alto Electronics' revenue target for 2014 is approximately 532 million yuan.
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