A few days ago, Dajin Dongfang Lighting announced its annual results for the year ended December 31, 2013. During the period, the Group's turnover was approximately HK$676 million, representing a decrease of 19.1% from HK$836 million in the same period last year. The loss attributable to shareholders increased by 31.6% to approximately HK$307 million (2012: HK$233 million). The basic loss per share was approximately 69 HK cents (2012: 53 HK cents). The Board of Directors does not recommend the payment of a final dividend as of December 31, 2013 (2012: Nil).
Dajin said that in the past year, the global demand for PCB has been weak, industry competition has intensified, and the average selling price has also declined. The uncertainties before the completion of China’s national political transition and the Group’s efforts to strengthen potential LED lighting contracts Strict risk assessment also put pressure on the Group's LED lighting business turnover, coupled with rising labor costs in China, the financial performance of the Group during the period was affected.
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