Lehman Optoelectronics (300162) released the 2011 performance report, the company's total operating income in 2011 was 263 million yuan, an increase of 27.97%; the net profit attributable to shareholders of listed companies was 33.12 million yuan, a year-on-year decrease of 14.98%; basic earnings per share was 0.25 yuan.
Lehman Optoelectronics said that due to the fierce competition in the LED product market, rising raw material prices, as well as labor costs and rising exchange rates, the company's costs have risen, product prices and gross profit margins have declined. At the same time, new product R&D investment has been increased. The R&D expenses increased more in the current period, which led to a decrease in net profit compared with the same period of last year.
Lehman Optoelectronics said that due to the fierce competition in the LED product market, rising raw material prices, as well as labor costs and rising exchange rates, the company's costs have risen, product prices and gross profit margins have declined. At the same time, new product R&D investment has been increased. The R&D expenses increased more in the current period, which led to a decrease in net profit compared with the same period of last year.
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MLF is majored in switches, chargers, adapters and LED and its annual sales amount exceeds 50 million dollars.MLF operates on automatic production line and produces 3 million Power Adapters monthly.
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