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Longcheer Holdings' net profit rocketed 1,141 per cent to 21.97 million yuan (S$4.5 million) in the first quarter.
Revenue for the three months to Sept 30 soared 103 per cent to 1.25 billion yuan from the preceding year.
The company said this was due to an increase of 69 per cent in the total shipment of units, and an increase of 19 per cent in average selling prices of handset solutions
Focus on 3G smartphones returns Longcheer back to the black in Q4, full year
Longcheer Holdings has returned to the black, with a fourth quarter net profit of 20.7 million yuan (S$4.3 million). The company posted a net loss of 75.4 million yuan in the same period last year.
For the full year to June 30, net profit amounted to 59.6 million yuan against a loss of 94.8 million yuan previously.
Fourth quarter and full year revenue rose by 68 per cent and 69 per cent respectively to 1.27 billion yuan and 3.95 billion yuan.
The increase in fourth quarter revenue was attributable to an increase of 91 per cent in total shipment to 6.65 million units in Q4 FY13.
Finally some good news:
http://www.straitstimes.com/breaking-news/money/story/focus-3g-smartphones-returns-longcheer-back-the-black-q4-full-year-2013082
Nope, longcheer website seems to be running okay!
http://www.longcheertel.com/Aboutus.asp?Title=Our%20Customers
Up again today. Will Longcheer report good news in the coming Full Year results?
Vested
Longcheer went up again today. When is the AGM? Very curious to hear what is happening. Also, Longcheer's website is permanently down!
The 22 July 2013 Special General Meeting was for passing a motion on Capital Reduction.
http://moneyterms.co.uk/capital-reduction/
hong kong up365point
Possibilities in the next 2 weeks
- announce hugely positive full year results
- declares one time special dividend (it did that before, plus it recently had a capital reduction)
- announce share buyback scheme for shareholders
- announce major contract wins
Surprise that the shares went up again today.
Anyone got any concrete news?
pump and dump . be careful
Stock jumped another 10% today!!! Did they announced anything at today's SGM?
I noted a jump of more than 10% today in Longcheer price, highest in a long time. Going to SGX website, I noticed that their 3Q results ending 31 Mar 2013 was mostly positive with revenue gain of 254% and profit increase to 19m from loss of 14m previously. Seems to be paying back bank loans significantly.
And now, they have shares-buy announcement yesterday and also Special General Meeting on 22 July 2013 to call for capital reduction.
Does anyone know what is going on?
lenovo mobile now available in Nigeria
http://thedroidguy.com/2013/05/lenovo-to-unveil-africa-smartphone-in-nigeria-later-in-the-year/
Lenovo Mobile eyes big chunk of smartphone market in Philippines
It is one of longcheer's biggest chinese customer.
Read more: http://technology.inquirer.net/24763/new-player-lenovo-mobile-eyes-big-chunk-of-smartphone-market-in-ph#ixzz2T04owPmz
Mediatek, longcheer's chip supplier reports a 58% increase in April 2013 sales yesterday
Longcheer yesterday posted net profit of 17.6 million yuan (S$3.5 million), or 4.96 yuan cents per share, for the three months to continue its swing back into profitability. It suffered a 15.2 million yuan net loss in the year-ago period.
For the nine months to March, net profit stood at 38.9 million yuan, from a 19.4 million net loss for the same time in 2012.
Net asset value per share rose to 1.62 yuan as at March 31, 2013, from 1.50 yuan as at June 30, 2012.
Third-quarter revenue more than trebled year-on-year to 1.1 billion yuan to turn away the red tide, from 296.7 million yuan.
Longcheer cited the higher revenue to stronger sales of 3G smartphones in China as well as a 30 per cent increase in average selling prices of handset solutions as the company focused on higher-value 3G systems.
Longcheer sells SMT manufacturing unit in China
| Written by The Edge |
| Thursday, 13 October 2011 21:27 |
| Written by The Edge |
| Thursday, 13 October 2011 21:27 |
Longcheer Holdings says wholly-owned subsidiary Longcheer Electronics (Huizhou) has sold Surface Mount Technology (SMT) Equipment to Harbin HEG Group’s wholly-owned subsidiary Heg Electronics (Huizhou) for a consideration of RMB 43.59 million ($8.7 million).
The sale enables Longcheer to convert non-core assets to cash reserves, allowing it to conserve and focus resources on its core business. After the sale, Longcheer Huizhou will outsource its SMT manufacturing process to third parties.
/theedge////
notice that the price now is at around 0.06. Is it time to enter buy or will it drop further?
any ideas of why the profit is dropped in the first half of year 2011?
Haha... Just ride the boat with BB...
Hulumas ( Date: 13-Jun-2011 20:14) Posted:
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