PHILPS LED price reduction in May revenue fell 30%

PHILPS is ahead in the North American market significantly reduce the LED bulb price, infodisc May revenue unexpectedly fell 30%, infodisc is expected to launch new architecture products more cost competitive advantage early in the third quarter, due to rapid changes in the market, revenue estimates in July can return to normal.

Dongbei photoelectric announcement May consolidated revenue of NT $652 million yuan (below, equivalent to approximately RMB 130 million yuan), than in April of 936 million yuan (about 187 million yuan) 30.32% decline, but still higher than the same period last year the annual growth of 5.6%, the cumulative 1-5 month was 3 billion 929 million yuan (equivalent to RMB about 785 million yuan), compared with last year the annual growth of 18% over the same period.

Dongbei photoelectric chairman Wu Qinghui said, PHILPS's action will make LED lighting knockout coming earlier, the original East Bay has a more cost competitive advantage of the new architecture products to be listed, now because of PHILPS's actions, will be listed earlier, so donbei photoelectric revenue in June will be slightly better than May, but in July will rise.

East photoelectric spokesman Weng Congzhi said that in the second quarter in a better product mix, gross margin is expected to increase.

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