Dongjing Electronics' net profit rose by 179% last year.

Dongjing Electronics (002199) disclosed its annual report on the evening of April 2. In 2013, the company's net profit was 3,189.57 million yuan, up 178.84% year-on-year, and earnings per share was 0.17 yuan. However, after deducting non-recurring gains and losses, Dongjing Electronics lost a loss of 55,877,400 yuan.

In 2013, Dongjing Electronics' operating income was 244 million yuan, down 14.53% year-on-year.

Dongjing Electronics reported a loss of RMB 18-202 million in the first quarter of this year, mainly due to fierce competition in the quartz crystal market and a decline in product prices. The LED sapphire project has not yet formed large-scale production, with low sales revenue and high fixed costs. The company's operating results in the first quarter of 2014 suffered losses.

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