LED business performance is weak Depp Technology's annual net loss expanded to 2. 7. 2 billion yuan

Depp Technology released its 2016 annual results, with a year-on-year increase of 5. 5%. 9 to 2. 3. 3 billion yuan (The same below); The net loss increased by 41. 4 to 2. 7. 2 billion yuan; Loss per Share 4. 14 points. Among them, the LED segment turnover decreased by about 25. 4 to 1. RMB 3. 8 billion. The decrease in turnover of LED lighting division is mainly due to the decrease in turnover of LED lighting products and accessories produced and sold. This is mainly due to the fierce competition among LED lighting manufacturers and the unfavorable market environment, which eventually LED to a decline in the prices of LED lighting products and accessories. The reduction in the turnover of the LED lighting division was narrowed by the increase in service revenue from energy efficiency projects. With the completion of energy efficiency projects, service revenue increased by about 115. 6 to 20. 7 million yuan. The group has begun to provide maintenance services for one of the projects, so that the group can maximize the project revenue. All project contracts will last for 16 years and will contribute stable income and cash flow to the group. The group still cooperates with other cities to seek the feasibility of energy efficiency projects. In addition, according to the sale and purchase agreement on the acquisition of FCSM dated May 18, 2015, if FCSM meets the cumulative conditions for the fiscal years ended June 30, 2016 and June 30, 2017, the seller promises to pay the company up to 3 million euros (It is equivalent to about RMB 1490. RMB 80 thousand)The total amount. As of June 30, 2016, all the accumulated conditions have been reached, and the seller has paid the company a sum of 1. 5 million euros. Since FCSM is currently ranked 10th in the second division, FCSM is likely to remain in Group B from 2017 to 2018. The company is confident that it will reach all the accumulated conditions for the year ended June 30, 2017 and expects to receive a final contingent consideration of 1. 5 million euros. The turnover of the professional football club division accounted for about 40% of the group's total turnover in 2016. 9. Broadcast revenue, game day ticket revenue and sponsorship and advertising revenue increased by about 171 year-on-year. 2 to 91. 4 million yuan, which is due to the annual income in 2016 and 6 months in 2015. As the performance and ranking of football clubs improved in 2016 compared with 2015, the income of football clubs increased in all categories.