LED industry of China has rebounded in the first half of this year, and that about 60 percent of the country is listed LED companies have reported growth expectations and expectant growth in the first half , values stcn.com news portal reported Monday.
Among the top 25 companies listed LED, seven companies have released their reports in the first half and 16 other companies have released earnings forecast for the first half. The 23 companies are expecting a net profit of 1.6 billion yuan ($ 260 million) to 1.9 billion yuan, variable message sign an increase of 5 percent to 26 percent a year earlier.
Refond Optoelectronics Shenzhen registered a net profit of 26.18 million yuan in the first half, up 31.61 percent year on year. Its sales of large-scale LED backlight increased 112.55 percent year on year to 135 billion yuan in the period, due to the growing popularity of LED TVs. Its LED lighting products also increased 49.23 percent compared with a year earlier.
However, some experts questioned whether these good times would last forever. Some company executives told an industry forum in June that companies should pay attention to LED technology, quality, patents and standards to avoid problems, the report said.
With the flourishing of the market, some companies began expanding refinancing but fell bankrupt some small businesses due to disruptions in the capital chain.
The interim report of listed companies showed that the imbalanced development of LED industry has not improved, with fast-growing LED Display lighting, while chip companies and packing for these lights are seeing slower profit growth due to fall prices.
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