Huacan Optoelectronics' net profit increased by 185-215%

On the evening of July 14, Huacan Optoelectronics disclosed the 2014 semi-annual performance forecast. It is expected that the net profit attributable to shareholders of listed companies in the first half of this year will be approximately RMB 4,072,760 to RMB 4,150,100, an increase of approximately 185% over the same period of the previous year. 215%, compared with 14.29 million yuan in the same period last year. In addition, the impact of non-recurring gains and losses on the company's net profit for the first half of 2014 is estimated to be approximately RMB 45.77 million.

According to the company, the main reason for the significant increase in the semi-annual performance in 2014 compared with the same period of last year was: during the reporting period (January 1, 2014 to June 30, 2014), the demand for LED chips in the second half of last year increased. The momentum continued to maintain, the decline in product prices was basically reasonable, and profitability rebounded significantly. With the commissioning of the third phase expansion project of the parent company and the construction of the first phase of the Suzhou subsidiary, most of the production capacity and sales scale of the company increased exponentially during the reporting period, but the corresponding period expenses were also higher than the same period of the previous year. The increase in the magnitude, especially the financial costs, has increased significantly. Based on the above factors, the company's consolidated net profit for the first half of 2014 increased by approximately 185-215% from the same period of the previous year.

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