Lehman Optoelectronics released 2011 annual results forecast net profit fell 15% year-on-year

[High-tech LED reporter report] On January 31, Lehman Optoelectronics released the 2011 annual results forecast. The company expects net profit attributable to shareholders of listed companies from January 1, 2011 to December 31, 2011 to be profit of RMB 33 million to 37 million, a decrease of 5%-15% over the same period of the previous year.

Regarding the reasons for the change in the performance, the announcement indicated that due to the fierce competition in the LED product market, the prices of gold, copper and iron in the upstream raw materials market rose in the first half of the year, and the prices of metal materials such as gold wires and brackets increased, as well as labor costs and exchange rates. Factors, resulting in rising company costs, product prices and gross profit margins have declined, while the company's investment project capacity needs to be released in the second half of 2012, so although the company's sales revenue increased compared with the same period last year, but the net profit compared with the same period last year The decline.

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