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AOTO Electronics Launched The The Announcement That Aoto Electronic Signed a Contract

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Core prompt: On 14th November, AOTO Electronics launched the the announcement that AOTO Electronic signed a contract with Xinhua News Media Holdings Limited (XHN Media) for full colour out

On 14th November, AOTO Electronics launched the the announcement that AOTO Electronic signed a contract with Xinhua News Media Holdings Limited (XHN Media) for full colour outdoor LED display and advertising system. The contract amount is estimated to be 160 million to 220 million yuan.

According to announcement, it is a framework contract. As per this contract, XHN Media promises to purchase 200 sets full color outdoor LED display from AOTO within 12 months with the unit price of 5,000 yuan/㎡. The area for each display depends on the real size according to site condition.

Aoto expresses that this contract will expend the sales market for LED display products of the company. As the area of each screen depends on real size according to the site installation. So the amount of contract can't be confirmed now. As estimated the amount will be be 160 million to 220 million which will share about 69.51%-95.58% of the gross revenue in 2011. At same time the company also released that from January to September 2012, the gross revenue has been reached to 207million yuan with the net profit of 36.2052 million yuan which increased by 24.97% compared to the same period of last year.

In addition, Aoto will resume trading on 15th November and the stock closed at 10.80 yuan before suspension.

 

 
 
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