LED TV penetration rate increased Ruifeng Optoelectronics Q3 net profit increased by 125% year-on-year

On October 26, Ruifeng Optoelectronics released the third quarter report for 2012. During the reporting period, the company's total operating income was approximately 164 million yuan, a year-on-year increase of 116.74%; the net profit attributable to shareholders of listed companies was approximately 16.31 million yuan, an increase of 125.35%. The basic earnings per share is 0.15 yuan.

During the reporting period, benefiting from the peak season of TV sales and the increase of LED TV penetration rate, the sales revenue of large-size LCD backlight LEDs in Ruifeng Optoelectronics reached 102.823 million yuan, an increase of 220.16% over the same period of last year, and the lighting LED was 51.072 million yuan. Compared with the same period of last year, it increased by 49.73%.

From January to September this year, Ruifeng Optoelectronics' operating income was 339,784,400 yuan, an increase of 54.48% over the same period of the previous year. The operating profit was 40,802,100 yuan, an increase of 27.95% over the same period of the previous year. The company said that the increase in operating income was mainly due to the substantial growth of the company's large-size LCD backlight products, and the industry competition was fierce. The gross profit margin of the products decreased by 6.06% from the previous year.

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