In 2014, Qinshang Optoelectronics achieved a total operating income of 927 million yuan, a decrease of 18.73% over the same period of the previous year; the net profit attributable to shareholders of listed companies was 25.70 million yuan, a decrease of 75.60% over the same period of the previous year.
Qinshang Optoelectronics said that the main reason for the decline in the company's performance was: due to the macroeconomic impact and further intensified competition in the LED market, the company's orders in 2014 were lower than expected. In 2014, the company's annual sales did not meet expectations; the company's research and development expenses increased during the reporting period; During the reporting period, the company's inventory depreciation reserve increased; the company's joint venture company's loss increased compared with expectations; the company's 2014 construction progress was slower than expected, resulting in a decrease in revenue during the reporting period.
Qinshang Optoelectronics said that the main reason for the decline in the company's performance was: due to the macroeconomic impact and further intensified competition in the LED market, the company's orders in 2014 were lower than expected. In 2014, the company's annual sales did not meet expectations; the company's research and development expenses increased during the reporting period; During the reporting period, the company's inventory depreciation reserve increased; the company's joint venture company's loss increased compared with expectations; the company's 2014 construction progress was slower than expected, resulting in a decrease in revenue during the reporting period.
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