LED's first half year performance forecast: Hongli expects net profit increase of over 130%

Honglitronic (30) on Thursday evening released 2016 half year performance forecast, the company expects first half net profit of 131 million yuan to 143 million yuan, an increase of 130% to 150%.

The company said the main reason for the growth performance, a LED lighting market in the first half of 2016 is required, the size of the company's business development, the main business to maintain a steady growth; two is the reporting period, the company transferred its subsidiary company Xinquan photoelectric 15.05% equity and received government subsidies over the same period last year.

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