On October 12, Huacan Optoelectronics released a performance forecast. The company expects the net profit attributable to shareholders of listed companies from January to September 2017 to be 338 million to 380 million, a year-on-year change of 139.63% to 169.40%.
The company makes the above predictions for the following reasons:
1. Compared with the same period of last year, due to the large growth of the company's LED chip production capacity, the production and sales volume of the company's chip products increased significantly;
2. Under the scale effect, the company's chip cost has further declined, and the company's customer structure has further gathered to high-quality customers, so that the gross profit margin has maintained a good level.
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