Sales revenue decreased Alto's 2013 net profit fell 9% year-on-year

Alto Electronics released the 2013 performance report, the company achieved a total operating income of 280 million yuan, down 7.98% over the same period of the previous year; realized operating profit of 50.719 million yuan, down 12.54% over the same period of the previous year; realized a total profit of 55.879 million yuan, compared with the previous year During the same period, it decreased by 8.03%; the net profit attributable to shareholders of listed companies was 47.04 million yuan, a decrease of 9.29% from the same period of the previous year.

Alto Electronics said that the change in performance was mainly due to the decrease in the sales revenue of the company in 2013 due to the relocation of the manufacturing system related to the financial electronics business from Shenzhen to Nanjing.

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