Chip prices have fallen sharply. Ganzhao Optoelectronics' Q1 net profit fell 28% in 2013

Ganzhao Optoelectronics released the first quarter of 2013 performance report, the company achieved operating income of 122 million yuan, an increase of 31.81% over the same period of the previous year; total profit was 27,536,200 yuan, down 27.77% over the same period of last year; net profit was 23,669,900 yuan , a decrease of 27.69% over the same period of the previous year.

Ganzhao Optoelectronics said that the significant increase in revenue was mainly due to the increase in revenue of Qinghai Yellow River Project of Yangzhou Subsidiary; the total profit and net profit of the current period decreased year-on-year, mainly due to the significant decline in chip prices compared with the price of the same period last year. The gross profit margin has been reduced.

In the future, Ganzhao Optoelectronics said that the company will focus on the future development strategy and annual business plan formulated by the board of directors at the beginning of the year, and carry out the following work in a serious and orderly manner: 1. Continue to increase R&D investment and enhance the company's core competitiveness. Large R&D investment, striving for brand products; 2. Further consolidating and exploiting market share; 3. Creating human resource management with comprehensive competitive advantages; 4. Further improving information management system.

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