Guoxing Optoelectronics estimates profit in the first half of the year or 10% year-on-year
In 2012, Guoxing Optoelectronics' total revenue of Q1 was 183 million yuan, down 25.99% from the previous year's 248 million yuan. The net profit attributable to shareholders of listed companies was 20.82 million yuan, down 18.39% from the previous year's 25.51 million yuan. The income was 0.097 yuan, a decrease of 19.17% from the previous year's 0.12 yuan.
The company's net profit attributable to shareholders of listed companies in the first six months of 2011 was 58.07 million yuan. The company expects that the first half of 2012 will be 10%-30% lower than the same period of the previous year. Guoxing Optoelectronics said that the decline in performance is due to global debt. The impact of the crisis, the export industry in the second half of 2011 was sluggish, resulting in a decline in sales of LED products for home appliances in the first half of 2012. In addition, domestic LED lighting market demand is lower than expected.
The company's net profit attributable to shareholders of listed companies in the first six months of 2011 was 58.07 million yuan. The company expects that the first half of 2012 will be 10%-30% lower than the same period of the previous year. Guoxing Optoelectronics said that the decline in performance is due to global debt. The impact of the crisis, the export industry in the second half of 2011 was sluggish, resulting in a decline in sales of LED products for home appliances in the first half of 2012. In addition, domestic LED lighting market demand is lower than expected.
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