China can, according to the first three quarters of net profit both pre lowered

Before the first three quarters of net profit before the fall of 78.62%-98.66%

Hua photoelectric October 14th evening announced the first three quarters of the results notice, the company expects the first quarter of attributable to shareholders of listed companies net profit of about 1 million yuan -1600 million, representing a decrease of 78.62%-98.66%.

The report shows that the main reason before 2015 three quarter compared with the same period last year is: at present the company and a subsidiary of Suzhou dollar loans larger, affected by the third quarter of the RMB against the U.S. dollar exchange rate volatility, the company dollar loans book exchange Fukui greatly increased after the reporting period has been repaired. In operation, although the company's production capacity, sales volume and sales revenue has increased significantly, but the report period of the increasingly fierce market competition, especially in the third quarter the company added further intensified, the scale benefit is seriously offset.

Integrated above two reasons, the company's performance during the reporting period compared with the same period last year, a substantial decline.

Dry before the first three quarters of net profit down 40%-60%

According to the results of the first three quarters of October 15th, the company expects net profit attributable to shareholders of Listed Companies in the first quarter of 38 million 192 thousand and 300 yuan - $25 million 461 thousand and 600, down from the same period last year: 40%-60%. Which is expected in the third quarter attributable to shareholders of listed companies net profit of $7 million 443 thousand and 800 - $2 million 481 thousand and 300, down from the same period last year: 55%-85%.

The report shows that the main factors of the company in 2015 the first three quarters of decline: during the reporting period, due to the impact of the price of the company's products fell, resulting in a net profit year-on-year decline; LED chip expansion project during the period of depreciation costs and fixed costs increased substantially, and the increase of LED blue and green project research and development investment, resulting in a net profit year-on-year decline; bank deposit and financial revenue up sharply reduced; at the same time, bank loans and financing lease payments increased substantially.

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