Derun Electronics released its 2013 annual report. During the reporting period, it achieved operating income of RMB 2.70 billion and net profit of RMB 111 million, representing an increase of 33.21% and 31.20% over the same period of the previous year. The EPS is 0.30 yuan. The company also released the 2014 first quarter report. In the report period, the operating income and net profit were 498 million yuan and 19.7 million yuan respectively, with year-on-year growth rates of 40.31% and 22.15% respectively.
The business highlights of Derun Electronics last year were mainly in the automotive electronics and LED, automotive joint ventures are progressing smoothly, ready to enter the mass production stage; LED bracket shipments domestically leading and successfully entered the Taiwan market. From the adjustment of business structure and the deepening of various fields, it can be seen that the company's overall strategic thinking is further developed into the downstream applications with higher growth potential in the industry. Multi-faceted layouts in smart home appliances, IT, LED and automotive businesses have seen initial success.
Other business of Derun Electronics has grown rapidly. The growth mainly comes from new business segments such as LED brackets and FPC. The revenue growth rate reached 454.5% year-on-year, mainly due to the low base of this part. The domestic market is still the company's main source of income. However, the performance of overseas markets is also very prominent. The revenue scale has increased by 102.75% year-on-year, and the gross profit margin has also increased to 24.5%, an increase of nearly 7 percentage points.
The business highlights of Derun Electronics last year were mainly in the automotive electronics and LED, automotive joint ventures are progressing smoothly, ready to enter the mass production stage; LED bracket shipments domestically leading and successfully entered the Taiwan market. From the adjustment of business structure and the deepening of various fields, it can be seen that the company's overall strategic thinking is further developed into the downstream applications with higher growth potential in the industry. Multi-faceted layouts in smart home appliances, IT, LED and automotive businesses have seen initial success.
Other business of Derun Electronics has grown rapidly. The growth mainly comes from new business segments such as LED brackets and FPC. The revenue growth rate reached 454.5% year-on-year, mainly due to the low base of this part. The domestic market is still the company's main source of income. However, the performance of overseas markets is also very prominent. The revenue scale has increased by 102.75% year-on-year, and the gross profit margin has also increased to 24.5%, an increase of nearly 7 percentage points.

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