Absen listed in 2015 Forbes China Top 100 Potential Enterprises Synopsis: Thanks to its outstanding performance, Absen (Stock code: 300389) was listed in the TOP 15, in the 2015 Forbes China Top 100 Potential Enterprises list. Forbes has stringent requirements on financial indicators when evaluating listed Chinese companies with the most potential. The evaluation team set December 1st, 2014 as the deadline prior to which evaluated companies should be listed. Based on the enterprises growth targets (revenue and net profit growth), profitability index (profitability), etc., evaluated companies are ranked with comprehensive details of the listing. In addition to considering the large amount of financial data, the selection team also conducts field visits to some of the outstanding candidate companies. Forbes List of Potential Businesses is released early every year, becoming Forbes’ first top-priority list for the year among its annual series of lists. It selects 100 listed high-growth enterprises and 100 non-listed high-growth enterprises, known as the Growth Benchmark for Chinas industrial and investment sphere for the year. Absen Shenzhen Optoelectronic Co., Ltd., (Stock code: 300389) specializes in LED display and LED lighting business. The company not only ranked No. 1 among China’s export businesses in terms of export revenue for 6 consecutive years, but in December 2014, Absen’s sales orders exceeded RMB 1 billion. As per Absen’s performance forecast released in 2014, the company’s net profits attributable to shareholders of listed companies are expected to touch RMB 151 million to RMB 162 million in the year 2014, an increase of 32% – 42% YoY. Overseas orders have increased nearly 50% over last year, while domestic sales orders have increased about 25% compared to last year, and Absen’s Small Pixel Pitch products have won RMB230 million worth of orders. On January 9th, 2015, Absen acquired 60% of Shenzhen VISS Lighting Co., Limited’s shares, with internal funds of RMB24 million, enhancing Absen’s overall competitiveness. absen/about/newsDetails_101033003_100000104577427.html
Posted on: Wed, 21 Jan 2015 08:36:55 +0000
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