On July 10, Ruifeng Optoelectronics released the first half of the performance forecast, which is expected to decline in the same direction. In the first half of 2012, the net profit attributable to shareholders of listed companies was 18 million yuan - 20.51 million yuan, down 12% - 0% over the same period last year.
As for the reasons for the decline, Ruifeng said that in the first half of 2012, although the company's sales revenue has achieved certain growth, due to fierce competition in the industry, the gross profit of product sales declined, resulting in a slight decrease in the first half of the year. In the second quarter, Ruifeng's market position in the LED-TV field was further consolidated, and benefited from the increase in the penetration rate of LED TVs. The sales of large and medium-sized LCD backlight LEDs showed a large increase. The company's overall sales revenue and net profit in the second quarter. The year-on-year growth was about 40%, which basically compensated for the decline in performance caused by the market downturn in the first quarter.
As for the reasons for the decline, Ruifeng said that in the first half of 2012, although the company's sales revenue has achieved certain growth, due to fierce competition in the industry, the gross profit of product sales declined, resulting in a slight decrease in the first half of the year. In the second quarter, Ruifeng's market position in the LED-TV field was further consolidated, and benefited from the increase in the penetration rate of LED TVs. The sales of large and medium-sized LCD backlight LEDs showed a large increase. The company's overall sales revenue and net profit in the second quarter. The year-on-year growth was about 40%, which basically compensated for the decline in performance caused by the market downturn in the first quarter.
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