Ruifeng said that the reason for the decline in Q1 performance is that, since February 2012, although the industry's prosperity has improved, but since the second half of 2011, LED industry investment has grown on a large scale, and competition has intensified. The decline in the overall gross profit of the company's lighting and TV backlight products led to a decline in the company's current performance.
In addition, the company pointed out that this performance forecast is the result of preliminary calculations by the company's finance department. The specific data of the first quarter 2012 results will be disclosed in detail in the company's 2012 first quarter report.
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