Benefited from the large sales of LED TV, Zhaochi shares increased by 58% in Q1 this year.

Zhaochi Co., Ltd. released its 2012 Q1 financial report. The company achieved a total operating income of 1.03 billion yuan, an increase of 53.48% over the previous year's 670 million yuan; the net profit attributable to shareholders of listed companies was 105 million yuan, an increase of 57.94% over the previous year's 66.34 million yuan; The basic earnings per share was 0.15 yuan, an increase of 66.67% over the previous year's 0.09 yuan.

The reason for the increase in operating income during the reporting period was that LCD TV, the main product, introduced a number of new products suitable for the market, especially the large-scale sales of LED TVs independently researched and developed by the company, and developed a series of differentiated and multifunctional functions by utilizing the company's technological advantages. The TV set greatly improved the competitiveness and profitability of the company's products in the market, and won a large number of orders for foreign supermarket customers and first-line brand customers.

In addition, the company released the 2012-June performance forecast, it is understood that the company's net profit attributable to shareholders of listed companies from January to June last year was 150 million yuan. In the first half of this year, the net profit attributable to shareholders of listed companies will increase by more than 40% over the same period of the previous year. Mainly because the company's new Guangming factory capacity was gradually released during the reporting period, the company's independent research and development of direct-lit LED TVs, network set-top boxes, LED lamps, mass sales.

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