China Optoelectronics interim net profit fell 71.53%

HC semitek August 24th semi annual report released in 2015, during the reporting period, the company achieved operating income of 434 million 235 thousand and 200 yuan, representing an increase of 42.64%; realize operating profit 454 thousand and 800 yuan, representing an increase of 106.21%; net profit of 12 million 569 thousand and 500 yuan, representing a decrease of 71.53%.

Main business composition

The reporting period, the company's main revenue comes from the LED chip income, income growth comes mainly greatly expanded on the capacity to bring a substantial increase in business revenue during the reporting period, the company LED chip production growth of 140.10% over the previous year, the number of LED chip sales growth of 70.64% over the previous year. In the first half of 2015 compared with the same period last year, net profit fell due to: the reporting period included in the current profit and loss of operating income than last year, a substantial decline.

The company said that in the first half of 2015, LED chip market demand growth is lower than the industry expected, especially in the two quarter of the season is not prosperous, mainly due to the TV backlight market boom is not as expected drag. But the lighting application market in general still maintain a good momentum of growth. Due to the slow growth in overall demand, the impact of market price competition, the company's product sales price has dropped significantly, resulting in lower sales growth rate of sales growth.

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