Dongshan Precision revised 2012 Q1 performance net profit decreased by nearly 70%

Dongshan Precision's total revenue of Q2 in 2012 was 266 million yuan, a decrease of 3.36% from the previous year's 275 million yuan; the net profit attributable to shareholders of listed companies was 10.09 million yuan, a decrease of 68.18% from the previous year's 31.71 million yuan; basic earnings per share. 0.05 yuan, a decrease of 70.59% compared with 0.17 yuan in the previous year.

Dongshan Precision's net profit attributable to shareholders of listed companies from January to June 2011 was 61.72 million yuan. The company expects net profit for the first six months of 2012 to decrease by 20% to 50% compared with the same period of the previous year. The reason for the decline in performance is that as the company's new projects are put into production, the company's business scale will expand, but the corresponding research and development costs, trial production costs and labor costs, price increases and other factors will continue to affect the company's profits.

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