The domestic channel network has begun to take shape. Hongli Optoelectronics estimates that the first three quarters have slightly reduced profits.

Hongli Optoelectronics released the results forecast for the first three quarters of 2012. The company expects the net profit attributable to shareholders of listed companies in the first three quarters to be: 4,438.32 million yuan - 48,859,900 yuan, which will be 5%-15% lower than the previous year's 51,516,700 yuan.

Hongli Optoelectronics said that from January to September 2012, the LED industry still performed poorly due to the impact of the international financial crisis. Although the government has successively introduced relevant policies for semiconductor lighting promotion, it will take time to implement it. At the same time, the company's domestic channel network has begun to take shape, and market development will take some time. These factors led to a certain reduction in the company's net profit from January to September 2012 compared to the same period last year.

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