The "price war" of the third quarter profits for MLS

The evening of October 29th, M.L.S. announced in 2015 third quarter report, the company's third quarter (7-9 months) to achieve revenue 887 million yuan, down 8.62%; attributable to shareholders of listed companies net profit of 17 million 191 thousand and 300 yuan, down 79.32%.

The report shows that the first three quarters of the company (1-9 months) revenue of $2 billion 887 million, an increase of 4.24%, attributable to shareholders of listed companies net profit of $249 million, down by 25.45%.

In 2015 2015, Linsen said, attributable to shareholders of listed companies net change in the range of 250 million yuan to 270 million yuan, changes in the magnitude of the decline of 42.36%-37.75%. The company said that the reason for the change in performance is: market LED product price competition, sales prices fell sharply, resulting in sales revenue fell.

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