Revenue For 2018 Was 1.56 Billion Yuan, Down 1.37 Percent Year On Year

- Mar 02, 2019-

In time for the last bus in February, ruifeng optoelectronics reported its 2018 results late yesterday (28), with both revenue and net profit falling.


According to the express, ruifeng photoelectric achieved a total revenue of 156,200.81 million yuan in 2018, down 1.37% from the same period last year.

The net profit attributable to shareholders of the listed company was 87.3713 million yuan, 34.89% lower than the same period last year.


Switzerland abundant photoelectric said 2018 domestic economic environment is complex, the macroeconomic growth, has also had a certain effect on the LED industry, LED industry internal competition segmentation, the company to overcome the disadvantage factors, further optimize the structure of products and customers, reduce the low level of gross margin products share, strengthen the internal resources integration, production base gradually concentrated, company's overall operating efficiency was improved, main business overall development situation is good, among them, the large size backlight products achieve rapid income growth, special application products.

The company's operating profit, total profit and net profit all declined due to the impairment factor of large amount of assets.


In addition, during the reporting period, operating profit, total profit and net profit attributable to shareholders of listed companies decreased by 33.41%, 34.39% and 34.89% respectively compared with the same period last year.