Spaceflight machine net profit drop in the first three quarter probably refreshing for meter boat Silicon shuaibaofu

Polaris solar PV net news: Aerospace electromechanical also announced that the company will hold a joint stock company in Inner Mongolia Shenzhou Silicon limited liability company (hereinafter “Shenzhou Silicon”) remaining provision for impairment of investment of 120 million Yuan and 247 million Yuan. Managed turnarounds spaceflight machine net profit in the first three quarters of this year, a more substantial decline, while the company also still being jilt polysilicon “burden”.

The evening of October 20, spaceflight machine publishing three quarterly reports show that companies January 2014 – September revenues 2.179 billion yuan, an increase of 13.5% achieve 36.206 million yuan in net profit attributable to shareholders of listed companies, fell 81.93%; 0.029 Yuan per share basic earnings per share.

For the sharp drop in performance, and spaceflight machine said, mainly because the project did not sell, including EPC, profits could not be reflected in the report.

Meanwhile, aerospace electromechanical also announced that the company will hold a joint stock company in Inner Mongolia Shenzhou Silicon limited liability company (hereinafter “Shenzhou Silicon”) remaining provision for impairment of investment of 120 million Yuan and 247 million Yuan.

Statistics show that Shenzhou Silicon is the eighth Research Institute of China Aerospace Science and Technology Corporation (Shanghai aerospace industry (Holdings) limited), electrical and Mechanical Aerospace investments specializes in materials, polysilicon and Silicon products and raw materials in the production and sales of high-tech enterprises. In May 2007, the company was incorporated in the Jinqiao development zone in Hohhot city, Inner Mongolia, registered capital of 2.2 billion yuan. Shenzhou silicon to build million-ton polysilicon production capacity, and has a core of its commitment to new energy technology and independent intellectual property rights of enterprise as the goal, 1113 acres of land, building polysilicon project in phases.

But Shenzhou silicon and no space after the establishment of mechanical and electrical makes “full fist”, or even become a huge drag on. In this case, in October 2012, the restructuring of aerospace electrical launched Shenzhou Silicon. In January 2013, through major asset sale and the associated transactions, airline industry contribution of 488 million yuan from company and Shanghai Shenzhou Silicon 29.7% total new energy stock holdings, spaceflight Shenzhou Silicon electrical stock holdings declined from 49.33% to 19.63%.

After Shenzhou Silicon transfer equity, greatly reducing the operating costs of spaceflight machine since companies speed up the layout of a PV power plant. 2013-spaceflight machine wringer achieved 144 million yuan in net profit attributable to shareholders of listed companies; PV power stations under construction more than 500MW, and network into 257MW, completed 150MW of PV power plant sold spaceflight machine had set up photovoltaic power plant operation and maintenance company, photovoltaic power plant, “investment-build-transfer-operate” business model.

Spaceflight machine said Shenzhou Silicon material assets after the transaction is completed, although Shenzhou silicon production operations continue to maintain full load operation, but due to the large upfront investment, operating losses have not been reversed, the company holding the remaining investment will be impairment, impairment is expected to range between 120 million from $ 247 million Yuan. Therefore, the company forecasts beginning to aggregate net profits at the end of the next reporting period will fall sharply compared with a year earlier.

Original title: spaceflight machine net profit drop in the first three quarter probably refreshing for meter boat Silicon shuaibaofu

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