Lehman Optoelectronics Q1 net profit decline is expected to grow optimistic for the whole year
[High-tech LED News] Lehman Optoelectronics (300162) achieved sales revenue of 40.78 million yuan in Q1 in 2011, a year-on-year increase of 10.49%, a decrease of 34.64% from the previous month; Q1 net profit was 5.267 million yuan, a year-on-year decline of 38.23%.
Among them, the government subsidy for the current profit and loss in the Q1 non-recurring profit and loss project in 2011 amounted to RMB 1,239,800, while in 2010 the project was only RMB 805,500.
The company said that the main reason for the decline in net profit was the continuous decline in product prices. In addition, the rising prices of raw materials and metals in the upstream led to the continuous rise of the company's gold wire, brackets and iron boxes, the increase in manufacturing costs and the corresponding decrease in gross profit margin.
In addition, the company's Q1 was issued and listed, the related issuance expenses increased the period expenses, and the impact of the continuous appreciation of the RMB against the US dollar on overseas marketing was the reason for the decline in Lehman's Q1 net profit performance.
Lehman's financial director Zeng Xiaoling said that the company's opening in 2011 is not optimistic, and it is expected that in 2011, operating income and profits will increase by more than 30%.
Among them, the government subsidy for the current profit and loss in the Q1 non-recurring profit and loss project in 2011 amounted to RMB 1,239,800, while in 2010 the project was only RMB 805,500.
The company said that the main reason for the decline in net profit was the continuous decline in product prices. In addition, the rising prices of raw materials and metals in the upstream led to the continuous rise of the company's gold wire, brackets and iron boxes, the increase in manufacturing costs and the corresponding decrease in gross profit margin.
In addition, the company's Q1 was issued and listed, the related issuance expenses increased the period expenses, and the impact of the continuous appreciation of the RMB against the US dollar on overseas marketing was the reason for the decline in Lehman's Q1 net profit performance.
Lehman's financial director Zeng Xiaoling said that the company's opening in 2011 is not optimistic, and it is expected that in 2011, operating income and profits will increase by more than 30%.
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