Radio, Film and Television Department of the company’s two-pronged in 2008 is now the largest in the history Economic Information Daily
In the nation’s biggest LCD constructor BOE broadcast a decrease of 930 million yuan after the 2008 economic year, SVA Group’s two recorded businesses of data and Broadcasting of Radio Electronics, furthermore were broadcast on the 29th evening of their results. Data display that the two businesses have appeared since the origin of the most important deficiency, snare earnings year-on-year in 2007 and 6393 per hundred respectively, the astonishing 3317 per hundred decline.
Information Radio, Film and Television in 2008 turnover of 3.4 billion, up 13 percent decline, the rate is not great. However, while net loss of about 10 billion yuan, in 2007 a profit of 15.76 million yuan, down 6393%, there decline in the history of the most astonishing speed. Explanation for the company, SVA LCD production lines operating there since the establishment of the most severe difficulties. At the same time the company since December 1, 2008 from accounts receivable, other receivables accounting for bad debts is estimated on the change had an impact on the performance of the company.
Department of Radio, Film and Television’s the matching as a “loser” of Radio Electronics in 2008 earnings of 820 million yuan, up 51 out of 100 descent in 2007; 860 million opposing mesh yield, year-on-year descent in 2007, a immense 3317%. Explanation for the financial gathering, under the effect of the fiscal critical purpose, tiny and medium-size LCD video screen of poor sales, costs plunge, demand for quick descent of Radio, Film and Television’s opto-electronics has commanded to noteworthy forfeit of the Economic Information Daily registered companies.
As a result of the Shanghai municipal government and municipal SASAC has also set up a working group of the trustee, to conduct a program on the development of Radio, Film and Television, at present the final results still need to submit the audit to confirm the higher level, so the two company’s shares will continue to continue the suspension.
Although the CEO of Friends of Radio, Film and Television to help Chen, the LCD industry is now warmer bottom. However, in view of BOE, SVA has had such Economic Information Daily, the domestic production of liquid crystal smoothly through the winter when it is not yet known.
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