Changfang Lighting Auction Land Use Right 2014 Annual Results

Rectangular Lighting announced on March 2nd that on January 15, 2015, Changfang Lighting participated in the listing and transfer of Shenzhen Land and Real Estate Trading Center, and won the parcel number of G13115-0110 for RMB 9.55 million. Land use rights, and signed the land use right transfer contract with the Shenzhen Municipal Planning and Land Resources Committee. On February 27, 2015, the company obtained the “Construction Land Planning Permit” for the above-mentioned land parcels. In addition, Changfang Lighting released its 2014 performance report on February 13th, which realized operating income of RMB 921,111.6 million, an increase of 13.32 over the same period of the previous year; operating profit of RMB 58,813,100, an increase of 149.57 over the same period of the previous year; It was 57,432,200 yuan; an increase of 91.06 over the same period of the previous period; the net profit attributable to shareholders of listed companies was 5,074,400 yuan, an increase of 84.60 over the same period of the previous year; the basic earnings per share was 0.1879 yuan, an increase of 85.12 over the same period of the previous year. In response to changes in the above financial indicators, Changfang Lighting said that during the reporting period, the overall LED industry was improving, and market demand continued to rise. With the increase in marketing and expansion, the company's operating income increased year-on-year. At the same time, the company increased its control over operating costs, and its net profit increased significantly.

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