Ev> Blog> Hongli Optoelectronics Q1 net profit dropped 23% this year, SMD LED production capacity will be greatly improved

Hongli Optoelectronics Q1 net profit dropped 23% this year, SMD LED production capacity will be greatly improved

June 09, 2021
Hongli Optoelectronics' total revenue of Q1 this year was 110 million yuan, a decrease of 8.06% from 120 million yuan in the previous year;SMD LED lights the net profit attributable to shareholders of listed companies was 12.38 million yuan, a decrease of 23.40% from the previous year of 16.16 million yuan; basic earnings per share was 0.1009 yuan. , a decrease of 42.74% from 0.1762 yuan in the previous year.

Hongli Optoelectronics said that the LED industry is affected by the international financial crisis. At the same time, it will take time for the domestic lighting market to start on a large scale. The impact of these unfavorable factors on the LED industry's environment has continued into this reporting period, resulting in a net period for the reporting period. The profit has been reduced compared to the same period last year.

The company said that it will continue to increase the research and development of new products and new packaging technologies based on the “Hongxing” series of ML COB light sources and 3528-08 0.7W products launched during the reporting period, and continue to strengthen the market of LED products. Competitive ability, effectively reduce costs, and promote the popularization and application of LED lighting products. In addition, Hongli Optoelectronics will move into a new industrial park this year, SMD LED production capacity will be greatly improved.
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