On January 17, Alto Electronics disclosed the 2013 performance forecast amendment announcement. After the amendment, it is estimated that the company's net profit attributable to shareholders of listed companies in 2013 will be 38,829,500 yuan to 4,926,900 yuan, a year-on-year decrease of 5% to 25%. In the 2013 third quarterly report, the company had expected the net profit attributable to shareholders of listed companies in 2013 to increase by 5% to 35% over the same period of the previous year.
According to the company, the reason for the performance improvement is that some of the company's export products were delayed due to the official release order time and the confirmed delivery time was later than the previously estimated planned time, which caused the delivery time of some products to be postponed to the first quarter of 2014. The manufacturing system related to the financial electronic products business was relocated from Shenzhen to Nanjing, resulting in insufficient inventory, which delayed the shipment of related products and confirmed revenue in the fourth quarter of 2013; the market expansion of domestic LED display products did not reach the expected target.
In addition, Alto Electronics signed a sales contract with German company LANG AG on the 15th, and both parties agreed to deal with LED full color display products. These products will be used in the FIFA Brazil World Cup project in Brazil this year. The contract amount is 7 million US dollars, equivalent to RMB 42.745 million, accounting for 14.04% of the company's 2012 audited operating income.
According to the company, the reason for the performance improvement is that some of the company's export products were delayed due to the official release order time and the confirmed delivery time was later than the previously estimated planned time, which caused the delivery time of some products to be postponed to the first quarter of 2014. The manufacturing system related to the financial electronic products business was relocated from Shenzhen to Nanjing, resulting in insufficient inventory, which delayed the shipment of related products and confirmed revenue in the fourth quarter of 2013; the market expansion of domestic LED display products did not reach the expected target.
In addition, Alto Electronics signed a sales contract with German company LANG AG on the 15th, and both parties agreed to deal with LED full color display products. These products will be used in the FIFA Brazil World Cup project in Brazil this year. The contract amount is 7 million US dollars, equivalent to RMB 42.745 million, accounting for 14.04% of the company's 2012 audited operating income.
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