Tongfang's shares achieved a net profit of 428 million in the first half of the year, an increase of 176%.

On August 27th, G20-LED Summit member Tongfang shares released the 2013 semi-annual report. During the reporting period, the company achieved operating income of 9.451 billion yuan, which was basically the same as that of the same period of the previous year. The net profit attributable to owners of the parent company was 428 million yuan, an increase of 175.76% compared with the same period of the previous year.

The report shows that the semiconductor and lighting industry revenue was 394 million, a decrease of 6.68% from the previous year. In the field of semiconductor and lighting, the company gradually adjusted its shape to focus on semiconductor chips, general lighting, lighting engineering, and display backlighting. In the chip business, the company's fifth-generation epitaxial structure has increased brightness by 27%. In the field of lighting engineering, as one of the implementation units of Beijing Metro LED energy-saving renovation project, during the reporting period, the company won the bid for the LED lighting renovation project of Beijing Metro Line 1, and carried out LED lighting source transformation for 8 stations.

Tongfang shares said that the net profit attributable to owners of the parent company during the reporting period was 428 million yuan, an increase of 175.76% compared with 155 million yuan in the same period of last year, mainly due to the sale of the company's BesTV New Media Co., Ltd. The gains recognized by part of the equity interest in (600637.SH) and the increase in the fair value of trading financial assets such as BesTV shares that continue to be held.

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