Hongli Optoelectronics' 2013 Q1 net profit decreased by 30% over the same period

G20-LED Summit member company - Hongli Optoelectronics released the 2013 Q1 performance report. During the reporting period, the company achieved operating income of 136 million yuan, an increase of 23.2% over the same period of the previous year; total profit was 10.55 million yuan, down from the same period of the previous year. 31.73%; net profit was 9.04 million yuan, down 30.47% over the same period of the previous year.

In January 2013, Hongli Optoelectronics was selected as the 2012 China LED 25 Enterprise by the High-tech LED Industry Research Institute (GILL). During the reporting period, the company and its subsidiaries obtained 12 patents, of which 3 were invention patents and 8 were utility model patents; 15 patent applications have been accepted, including 1 invention patent application.

Hongli Optoelectronics said that in the future, based on the consolidation of the company's LED lighting market share, the company will vigorously develop the LED backlight market, make full use of the opportunity of the large-size backlight module procurement to gradually transfer to the domestic market, and establish a cooperative relationship with domestic TV manufacturers. Strive to make a breakthrough in 2013. At the same time, we will increase the development of large-scale customers of traditional lighting to LED lighting, and seek opportunities to cooperate with international manufacturers.

During the reporting period, Hongli Optoelectronics raised funds investment project “Technology R&D Center Construction Project” was completed as planned. It was reviewed and approved by the company's board of directors on January 29, 2013. The balance of the project was RMB 8,405,300 and the interest income was permanent. Supplementary liquidity. The company will continue to steadily promote the implementation of the “new surface mount LED construction project” of the fund-raising investment project in accordance with the plan of the prospectus, and improve the production capacity of the company's surface-mount LED devices.

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