Dajin Oriental Lighting released its 2016 annual results, with turnover decreased by 25.9% year-on-year to HK$396 million; net loss increased by 9.6% year-on-year to HK$89.036 million; loss per share was HK$0.11. Compared with 2015, LED lighting turnover increased by 59.4%. In 2016, the gross profit margin was 1.0%, and the gross profit margins of LED lighting, PCB and pylons and cables were -1.3%, -3.7% and 24.9% respectively. PCB business turnover and gross profit margin decreased, mainly due to the increased competition in the PCB industry; and the average selling price of PCBs was lowered.
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