On February 28, Dongguan Qinshang Optoelectronics released the 2013 Annual Results Express. During the reporting period, the total operating income was 1.04 billion yuan, up 26.53% year-on-year; the net profit attributable to shareholders of listed companies was 88.86 million yuan, down 14.60%; the basic earnings per share was 0.2398 yuan.
Diary said that the net profit attributable to shareholders of listed companies during the reporting period increased by -14.60% year-on-year, which was lower than the increase in total operating income. The reason was: due to the intensified competition in the LED lighting market, the gross profit margin of the products decreased; the company 2013 The vigorous deployment of the global channel network has led to an increase in costs; the company has accelerated its expansion into the global market, resulting in an increase in promotion costs; in order to adapt to the market and improve its comprehensive competitiveness, the company has developed a number of new products in a timely manner, resulting in an increase in research and development costs.
Diary said that the net profit attributable to shareholders of listed companies during the reporting period increased by -14.60% year-on-year, which was lower than the increase in total operating income. The reason was: due to the intensified competition in the LED lighting market, the gross profit margin of the products decreased; the company 2013 The vigorous deployment of the global channel network has led to an increase in costs; the company has accelerated its expansion into the global market, resulting in an increase in promotion costs; in order to adapt to the market and improve its comprehensive competitiveness, the company has developed a number of new products in a timely manner, resulting in an increase in research and development costs.
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