Lyad Revealed The Progress Of Mini LED, And Hucan Earned A Cash Dividend From Its Subsidiary.

- Jun 08, 2018-

Riad COB Mini LED small spacing products are being tested in a small batch.--COB Mini LED

According to China network, yesterday (6), Yad said on the interactive platform, the company currently mainly research and development of COB Mini LED small spacing products, using Mini LED grain as a display pixel, reverse mode COB process processing, at the present stage is being carried out in small batch production.--COB Mini LED

Hua can photoelectric received cash dividends of wholly owned subsidiary 120 million yuan

Yesterday (6) on the night, hucan optoelectronic (hereinafter referred to as "the company") issued a notice, the company recently received hucan optoelectronic (Zhejiang) Co., Ltd. (hereinafter referred to as "Zhejiang subsidiary") cash dividend of 120000000 yuan.--COB Mini LED

According to the announcement, Zhejiang subsidiary has incorporated all the subsidiary companies into the consolidated financial statements for the company. The company holds a share of 100% of the Zhejiang subsidiary. According to its articles of association and the decision of the shareholders, the company is audited by the Daxin accounting firm (special general partnership) and is based on the undistributed profit of 128282375.43 yuan in December 31, 2017. Pay 120000000 yuan to the company's cash.--COB Mini LED

According to Hua can, the profit distribution will increase the net profit of the company's report in 2018, but it does not increase the net profit of the company's consolidated statement in 2018. Therefore, it will not affect the overall operating performance of the company in 2018.--COB Mini LED

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