Nanda Optoelectronics estimates Q1 net profit fell 41% to 50%

Nanda Optoelectronics (300346) released its performance forecast after the close of trading on Wednesday. The company expects net profit of 8.5 million yuan to 10 million yuan in the first quarter of 2014, down 41.11% to 49.94%. The company's profit for the same period in 2013 was 16.90 million yuan.

According to the company, the sales volume in the first quarter of 2014 increased by about 35% year-on-year. However, due to the fierce competition in the upstream-MO source supply of the LED industry, the sales price of the products decreased by a large margin year-on-year, causing the company's performance in the first quarter of 2014 to be the same as that of the same period last year. Compared to the decline.

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