Tongfang's 2013 Q3 net profit increased by 357% year-on-year

"G20-LED Summit member company" Tongfang shares released the first three quarters of 2013 performance report, the company achieved operating income of 15.47 billion yuan, an increase of 2.33% over the previous year's 15.12 billion yuan; net profit attributable to shareholders of listed companies was 969 million yuan, Last year's 273 million yuan increased by 254.46% year-on-year; basic earnings per share was 0.48 yuan.

In the third quarter of 2013, Tongfang's operating income reached 6.02 billion yuan, a year-on-year increase of 12%; the net profit attributable to shareholders of listed companies was 540 million yuan, an increase of 357% over the previous year; the basic earnings per share was 0.27 yuan.

Tongfang said that the construction in progress during the reporting period has changed significantly, mainly because some of the production equipment and park facilities of the Nantong LED industrial base affiliated to the company's semiconductor and lighting business segment have reached the usable status and transferred to fixed assets in the current period.

The development expenditure has changed greatly, mainly due to the increase in R&D investment of the company's subsidiaries, Tongfang Guoxin (002049), Digital City Industry Headquarters, Security Industry Headquarters, Semiconductor and Lighting Industry Headquarters, and Military Industry Headquarters.

The net cash flow from investing activities changed significantly. In the current period, the company realized the profitability of some trading financial assets and the infrastructure expenditure of the Nantong LED industrial base affiliated to the company's semiconductor and lighting segment decreased compared with the same period of the previous year.

12V UPS Charger, Restorer and Tester 3-in-1 Recovery system , is fit for 12V/36 Ah~300Ah lead-acid battery banks, With digital pulse charger, adjustable restorer and adjustable discharge Tester, high-performance of recover battery, convenient and reliable. Mainly used in the UPS industry of  Wind and Solar energy storage battery, UPS Back up power system, Telecom base site battery , State Grid and Military battery for sudden affair, etc.  It has been selected as a approval item of Chinese military cooperation products list, and as an important part of the military emergency combat system, as well as reducing a large number of military batteries back up power purchase cost than before.  

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1) Digital pulse charger

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