Overcapacity caused by the decline in product prices, according to the Buddha interim net profit fell 46%

FSL disclosed in August 28th 2015 report, during the reporting period, the company achieved operating income of 1 billion 524 million 362 thousand and 800 yuan, down 1.21%, total profit of 124 million 449 thousand and 400 yuan, down 45.64%, attributable to shareholders of listed companies net profit of 100 million 258 thousand and 800 yuan, down 46.94%. Domestic sales revenue 1 billion 61 million 981 thousand yuan, an increase of 0.93%, export sales revenue of $462 million 381 thousand and 800, down by 5.79%.

During the reporting period, the downward pressure on the domestic economy continues to increase, foreign economic recovery is slow, the increasingly complex global economic environment. The company is located in the lighting industry, although the rapid development of LED, but the product structure overcapacity, market competition is increasingly fierce, product prices continued to fall.

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