Xingyu shares plans to invest 600 million yuan to build an annual output of 500,000 sets of LED lights and supporting projects

Xingyu shares (601799.SH) announced on the evening of April 18 that based on the good development opportunities in the automotive lamp industry and the broad market prospects of LED lights, the company plans to build an annual output of 580 million sets of LED lights and Supporting projects, the project construction period is expected to be 2 years.

According to the announcement, the project is expected to achieve a normal annual revenue of 855 million yuan, with an estimated annual profit of 186 million yuan, a financial internal rate of return of 20.67%, and an investment payback period of 6.28 years.

The company disclosed the annual report that the company achieved a net profit of 189 million yuan in 2012, an increase of 12.93% year-on-year; realized revenue of 1.318 billion yuan, an increase of 20.10%; basic earnings per share was 0.79 yuan, an increase of 9.25%. The company plans to find a cash dividend of 6.55 yuan (including tax) for every 10 shares.

In addition, the company also disclosed the 2013 first quarterly report, the company achieved a net profit of 4,401.64 million yuan in the first quarter, an increase of 8.07%; a revenue of 370 million yuan, an increase of 18.82%; basic earnings per share of 0.18 yuan, an increase of 7.99% .

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