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Thursday, May 21, 2009

Radio, Film and Television Department of the company's two-pronged in 2008 is now the biggest in the annals Economic Information Daily

By Zou

In the nation's largest LCD manufacturer BOE announced a loss of 930 million yuan after the 2008 financial year, SVA Group's two listed companies of information and Broadcasting of Radio Electronics, also were announced on the 29th night of their results. Data show that the two companies have emerged since the founding of the most significant losses, net profit year-on-year in 2007 and 6393 percent respectively, the astonishing 3317 percent decline.

Information Radio, Film and Television in 2008 revenue of 3.4 billion, up 13 per hundred down turn, the rate is not great. However, while snare decrease of about 10 billion yuan, in 2007 a earnings of 15.76 million yuan, down 6393%, there down turn in the annals of the most astonishing speed. Explanation for the business, SVA LCD output lines functioning there since the establishment of the most critical difficulties. At the identical time the business since December 1, 2008 from anecdotes receivable, other receivables accounting for awful liabilities is approximated on the change had an influence on the presentation of the company.

Department of Radio, Film and Television's the matching as a "loser" of Radio Electronics in 2008 earnings of 820 million yuan, up 51 out of 100 descent in 2007; 860 million opposing mesh yield, year-on-year descent in 2007, a immense 3317%. Explanation for the financial gathering, under the effect of the fiscal critical purpose, tiny and medium-size LCD video screen of poor sales, costs plunge, demand for quick descent of Radio, Film and Television's opto-electronics has commanded to noteworthy forfeit of the Economic Information Daily registered companies.

As a result of the Shanghai municipal government and municipal SASAC has also set up a working group of the trustee, to conduct a program on the development of Radio, Film and Television, at present the final results still need to submit the audit to confirm the higher level, so the two company's shares will continue to continue the suspension.

Although the CEO of Friends of Radio, Film and Television to help Chen, the LCD commerce is now warmer bottom. However, in outlook of BOE, SVA has had such Economic Information Daily, the household output of fluid crystal easily through the winter when it is not yet known. - 18418

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