Ruifeng Optoelectronics' revenue in the first three quarters of this year increased by 19.23% year-on-year.

[High-tech LED News] Ruifeng Optoelectronics (300241) recently announced its first quarter earnings report after listing. In the first three quarters of this year, Ruifeng Optoelectronics realized a total operating income of RMB 220 million, a year-on-year increase of 19.23%, and a net profit of RMB 2,775,270, a year-on-year decrease of 12.34%.

Among them, during the reporting period, the sales of large-size backlight products in Ruifeng Optoelectronics increased by more than 66%, and the gross profit of sales increased by 1.96 million yuan, an increase of 25.5%.

Due to the further expansion of the domestic LED TV and LED MONITER market, Ruifeng Optoelectronics said that it will continue to focus on the research, development and application of LED backlight modules and LED lighting solutions, and continue to introduce LED lighting and backlight solutions to customers. At the same time, it will enter the small-size backlight market.

In terms of LED lighting, Ruifeng Optoelectronics sales increased by 7.65 million yuan year-on-year, and sales gross profit decreased by 2.93 million yuan. Mainly due to the sharp drop in the price of LED lighting products affects gross profit.

Ruifeng Optoelectronics said that it will use the leading high-power packaging materials, technology and modular overall solutions to develop technology and product docking with traditional lighting companies during the rapid development of LED lighting technology.

In addition, in the field of LED Display applications, Ruifeng Optoelectronics said that it will continue to maintain strategic cooperation with Avago, and the overall business proportion is declining.

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