Hongli Optoelectronics released its first quarter 2013 results forecast. The company expects total revenue of Q1 to be RMB 121 million – RMB 143 million, which will increase by 10%-30% over the same period of the previous year of RMB 110 million; it is expected to belong to shareholders of listed companies. The net profit of the company was 6,819,600 yuan – 9,903,400 yuan, which will be 20%-50% lower than the same period of the year.
Hongli Optoelectronics said that the main reason for the decline in net profit attributable to shareholders of listed companies compared with the same period of the previous year: 1. During the reporting period, the company actively adjusted its market strategy, strived to open up the market, effectively released production capacity, and had a certain range of operating income. Growth, but the competition in the LED lighting market has intensified, the sales price of products has declined, which has led to a decline in gross profit margin; 2. The operating expenses of new industrial parks have increased. It is estimated that the impact of non-recurring gains and losses on net profit for the current period is approximately 3.2 million.
The company stated that specific data for the first quarter of 2013 will be disclosed in detail in the company's 2013 first quarter report.
Hongli Optoelectronics said that the main reason for the decline in net profit attributable to shareholders of listed companies compared with the same period of the previous year: 1. During the reporting period, the company actively adjusted its market strategy, strived to open up the market, effectively released production capacity, and had a certain range of operating income. Growth, but the competition in the LED lighting market has intensified, the sales price of products has declined, which has led to a decline in gross profit margin; 2. The operating expenses of new industrial parks have increased. It is estimated that the impact of non-recurring gains and losses on net profit for the current period is approximately 3.2 million.
The company stated that specific data for the first quarter of 2013 will be disclosed in detail in the company's 2013 first quarter report.
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