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Financial Report
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Fund Aims to Be a Long-Term Investor
Jan 3, 2017China Investment Corp chief says it is seeking Belt and Road opportunities China's $800 billion sovereign wealth fund aims to be a long-term investor in international investments and increase its close work with partners to seek ...
Tags: Belt and Road, Long-Term Investor
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Chinese LED Manufacturers 3Q16 Financial Results
Nov 6, 2016After numerous LED manufacturers forecasted their future earnings, Chinese LED enterprises finally released their financial results for 3Q16. For those with irrational fear that the LED industry is still in the phase of “increasing ...
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Collapsing PV Demand Leads to Sale Decrease
Sep 9, 2016PV market demand plunged rapidly as expected as it entered in the third quarter, driving significant price decline across the PV supply chain. Prices of solar cells and wafer have reached new low for consecutive weeks. Consequently, ...
Tags: PV market, PV industry
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New Energy Car Maker Profits From Policy Support
Mar 3, 2016China's largest new energy car maker BYD has reported surging profit growth in 2015, with demand rising as authorities introduced policy support for green vehicles. BYD raked in 80 billion yuan (12.24 billion U.S. dollars) in revenue last ...
Tags: New Energy Car, EV
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Diageo Plans to Challenge USL Chairman Vijay Mallya's Joint Venture Claim
Feb 5, 2016UK-based drinks company Diageo has reportedly said that it would challenge the claim by its Indian subsidiary United Spirits Ltd (USL) chairman Vijay Mallya, who alleged that Diageo failed to enter into a joint venture with him in the ...
Tags: emerging markets, Diageo, drinks
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Aucksun’s LED Net Profits Soar 71% in 2Q15
Nov 12, 2015Aucksun’s financial statement for first half of 2015 revealed, the company’s revenue rose 9.73% from a year earlier in 2Q15 to RMB 732 million (US$ 126 million), with RMB 137 million net profit, translating into 31.27% ...
Tags: Aucksun, LED lighting, LED chips
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Tons Lightology Aims to Hike Revenue Proportion for Own-Brand Sales
Nov 6, 2015Lighting vendor Tons Lightology had 10-15% of consolidated revenues for first-half 2015 coming from own-brand device sales and aims to increase the revenue proportion to 15-20% in the second half and over 20% in 2016, according to the ...
Tags: sales, Tons, Lightology
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Wistron Sees Sharp on-Year Drop in 3q15 Net Profit
Nov 6, 2015Wistron has announced its third-quarter financial results, reporting a drop in net profit by 54.7% on year to reach only NT$657 million (US$20.26 million) due to exchange losses from selling its service center in the Netherlands. Compared ...
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Motech 3Q15 Operations Turn Profitable
Nov 6, 2015Solar cell maker Motech Industries has released its financial report for the third quarter of 2015, with business operations swinging from the red into profitability. Motech recorded consolidated revenues of NT$7.098 billion (US$216 ...
Tags: 3Q15, Motech, Motech Industries
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How Yang Hwa Technology Falsified its Financial Statement
Oct 14, 2015Taiwanese LED chip manufacturer Yang Hwa Technology owner Shih-Hsiung Chan was detained by police on Sept. 11, 2015 for suspected accounting fraud and market manipulation, according to a report by China Times. In mid-June, Chan was ...
Tags: insider trading, Yang Hwa Technology, market manipulation
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Myths Surrounding Chinese LED Subsidies
Aug 31, 2015In December 2014, the Chinese government announced it would no longer be encouraging local governments to issue financial subsidies to LED manufacturers. The announcement which could have brought a sigh of relief to foreign competitors, had ...
Tags: LED Subsidies, LED industry
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Largan Precision Recorded Net EPS of Nt$68.82 for The First Half of 2015
Jul 17, 2015Smartphone-use lens module maker Largan Precision recorded net EPS of NT$68.82 (US$2.23) for the first half of 2015, the company said at a July 16 investors conference. Of smartphone-use lens modules shipped in the second quarter, ...
Tags: Smartphone, lens module
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Philips Makes Wise Move Selling Lumileds Stake
Apr 15, 2015Philips originally planned to spin off its wholly-owned subsidiary Lumileds and automobile lighting business to make them an independent company by the end of the first half 2015. But on March 31, Philips announced a deal to sell a 80.1% ...
Tags: Philips, Lumileds, automobile lighting
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Qualcomm's Financial Report Sending Its Shares Lower
Jan 29, 2015Qualcomm Inc said it expects its newest Snapdragon mobile chip will not be used in a major customer's flagship smartphone, sending its shares lower. The chipmaker said in a statement on Wednesday it expects fiscal 2015 revenue between $26.0 ...
Tags: Qualcomm, Snapdragon, mobile chip
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DFS Reports "Continued Strong Momentum" in Its Latest Financial Report
Dec 24, 2014DFS reports "continued strong momentum" in its latest financial report, covering the 13 weeks ending 1st November 2014. The quarter saw continued momentum in sales and EBITDA for DFS, with group gross sales up 15.3% to £197m (2013 ...
Tags: selling space, Furniture