Radio, Film and Television Department of the company's two-pronged in 2008 is now the largest in the history Economic Information Daily

By: Zou


In the nation's greatest LCD fabricator BOE advertised a forfeit of 930 million yuan after the 2008 fiscal year, SVA Group's two registered financial gatherings of knowledge and Broadcasting of Radio Electronics, in addition were advertised on the 29th after dark of their results. Data present that the two financial gatherings have arose since the start of the most noteworthy deficits, mesh yield year-on-year in 2007 and 6393 out of 100 respectively, the astonishing 3317 out of 100 decline.
Information Radio, Film and Television in 2008 turnover of 3.4 billion, up 13 percent decline, the rate is not great. However, while net loss of about 10 billion yuan, in 2007 a profit of 15.76 million yuan, down 6393%, there decline in the history of the most astonishing speed. Explanation for the company, SVA LCD production lines operating there since the establishment of the most severe difficulties. At the same time the company since December 1, 2008 from accounts receivable, other receivables accounting for bad debts is estimated on the change had an impact on the performance of the company.
Department of Radio, Film and Television's the same as a "loser" of Radio Electronics in 2008 turnover of 820 million yuan, up 51 percent decline in 2007; 860 million negative net profit, year-on-year decline in 2007, a huge 3317%. Explanation for the company, under the influence of the financial crisis, small and medium-size LCD screen of poor sales, prices fall, demand for rapid decline of Radio, Film and Television's opto-electronics has led to significant loss of the Economic Information Daily listed companies.
As a outcome of the Shanghai municipal government and municipal SASAC has furthermore set up a employed assembly of the trustee, to perform a program on the development of Radio, Film and Television, at present the last outcomes still need to submit the review to affirm the higher grade, so the two company's portions will extend to extend the suspension.
Although the CEO of Friends of Radio, Film and Television to help Chen, the LCD development is now warmer bottom. However, in scenery of BOE, SVA has had such Economic Information Daily, the in the household goods produced of liquefied crystal efficiently through the winter when it is not yet known.

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