Loss of over 800 million last year, Amoi delisting risks today

Amoi Electronics (600057) recently announced that the company last year, more than 800 million yuan loss, the net profit is negative for two consecutive years, beginning May 5 this year was special delisting risks treatment.

Amoi Electronics said last year, Chinas mobile phone production approval system formally abolished, the number of mobile phone companies explosion led to intense market competition, gross profit dropped significantly. Meanwhile, foreign brands on price, relying on technological superiority and TP3054WM datasheet and advantages of scale to reduce costs, resulting in share of domestic mobile phone continued to decrease. Although the second half of

high-end products the company made a strategic adjustment, the timely introduction of a variety of smart phones with GPS capabilities, and TP3054WM price and further expand the proportion of overseas sales, but failed to timely amend for changes in the market sales model, the adjustment of product structure optimize the internal organization, costs remain high, the overall failure to achieve the desired level of profitability, combined with the LCD TV business impact of continuing losses, the annual performance of drastic decline.

Short changed "* ST Amoi"

Data show that last year sales of 3.452 billion yuan Amoi Electronics, down 36%, the profit amounted to -7.92 billion and TP3054WM suppliers and net profit -8.02 billion. Amoi still communication terminal product development, production, marketing based, mobile phones accounted for 86% of the core business.

Announcement said, Amoi stock since May 5, 2008 delisting risks began to be a special deal, the stock referred to by the "Amoi" changed to "* ST Amoi", stock price limits on 5%.