Concentrated Technology's first-half performance in the first half of 2012 increased by 10%-40%

Concentrated Technology announced the 2012 semi-annual performance forecast on the evening of July 12. From January 1, 2012 to June 30, 2012, the company estimated that the net profit attributable to the shareholders of the listed company was 42.97 million yuan -54.69 million yuan. The same period last year increased by 10% -40%.

I. Expected performance of the current period

1. Performance forecast period: 2012 half year (ie January 1, 2012 to June 30, 2012)

2. Expected results: Loss-to-debt losses turn profitable

Second, performance forecast pre-audit

This performance forecast has not been audited by a certified public accountant.

Third, the reasons for changes in performance

In the first half of 2012, as the government stepped up its investment in the environmental protection industry, the company increased investment in product research and development and market channels, strengthened internal management, and the company’s overall competitiveness was further enhanced. It continued to maintain stable growth in its main business, net profit. Compared with the same period last year, there was a slight increase.

The non-recurring gains and losses attributable to listed companies for the half-year of 2012 are about 7.3 million yuan, accounting for 13.35%-16.99% of the net profit attributable to listed companies, mainly because government subsidies have a certain impact on the company's performance.

Fourth, other relevant instructions

This performance forecast is the result of the preliminary calculation by the company's financial department. The specific financial data company will be disclosed in detail in the 2012 semi-annual report.

Concentrated Technology 2012 Q1 Revenue Increases 22% YoY

During the reporting period, while the company focused on the implementation of fund-raising projects, it actively adjusted its production and sales structure according to market conditions, and achieved continuous growth in operating income and profits. In the report period, the company’s operating income was RMB 14,186.97 million, a year-on-year increase of 21.66%; and the net profit attributable to the shareholders of the listed company was RMB 10,311,800, an increase of 7.83% over the same period of last year.

Concentrated Technology's Financial Results for the First Quarter of 2012

The company upholds the development direction of independent innovation and continues to increase investment in R&D. As of March 31, 2012, the company had obtained 170 patents, including 53 invention patents, 115 utility models, and 2 exterior designs. A total of 136 patents are being applied, including 99 invention patents, 35 utility model patents, and 2 exterior designs. 102 computer software copyrights have been obtained. During the reporting period, 3 new computer software copyrights were added.

As of March 31, 2012, the company and its subsidiaries had a total of 12 registered trademarks and applied to the national trademark office but had not yet approved one trademark.

According to the company's business development needs, the company was incorporated in Hangzhou on January 9, 2012 to establish Zhejiang Congguang Testing Technology Service Co., Ltd. With a registered capital of 5 million yuan, the company actually contributed 5 million yuan, accounting for 100% of the equity, and its main business was Services, environmental quality testing, water quality monitoring, soil quality testing, gas quality testing, food quality testing, toy quality testing (operating with qualification certificates).

The company will continue to develop new products, new application areas and overall solutions based on further expanding existing products and markets. The company's production and operation will continue to show a sustained development trend. In the face of market competition, the company strengthened the assessment of gross margins, and looked for various integration directions for fiber-optic sensors and other businesses with fierce competition and possible decline in gross profit margin. In view of the overall increase in the rate of expenses, the company strives to find a balance between short, medium and long-term development, and strengthens cost control. After the completion of the overall acquisition of Beijing Jitian Instrument Co., Ltd., it will continue to conduct research on relevant domestic and foreign industries to find suitable targets for purchase integration. At the same time, the company is making adjustments to its development strategy, incentive system, and internal audit system to ensure the company's healthy and sustainable development.