Webex crystal under the party technology (40.160, 1.67, 4.34%) (603005) announced on July 14th night, preliminary estimates by the company's financial department, is expected in the first half of 2016 net profit attributable to shareholders of listed companies compared with a year earlier, down about 50% - 70%. Compared with the same period last year net profit attributable to shareholders of listed companies: 69.04 million yuan.

Company said the main reason for the current performance pre cut: (1) the global semiconductor industry cyclical adjustment, market overall decline, leading to PC, smartphone market growth is slowing, such as industry increasingly fierce competition, the company sales drops. (2) to the market changes and competition situation, the company is to strengthen the adjustment of business, market and development, efforts to develop new sources of growth, but the adjustment, development and expansion of business effect still needs time to appear. (3) the company efforts to strengthen the management and control of day-to-day operations, constantly improve the management level and production efficiency, but as a result of asset acquisition, new products, new technologies, the company is still in the high level of depreciation and operating costs. (Liu Hong)