On the evening of July 2, Hongli Optoelectronics (13.980, 0.31, 2.27%) (300219) released its 2014 semi-annual results forecast. The company expects net profit attributable to shareholders of listed companies in the first half of the year to be RMB 29,438,100 to RMB 34,889,600, an increase of 35% to 60% over the same period of the previous year.
According to the company, the main reason for the increase in net profit is that in the first half of 2014, the demand for LED lighting continued to improve. The company seized market opportunities and effectively released the company's production capacity. The company maintained steady growth in its main business.
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