Hongli Optoelectronics (300219) released the first quarterly report for 2016 on the evening of April 25. During the reporting period, the company realized operating income of RMB 444,431,100, an increase of 53.07% over the same period of the previous year; realized total profit of RMB 80,065,300, an increase of 106.45% over the same period of the previous year; net profit of RMB 64,496,500, an increase of 113.19% over the same period of the previous year. The net profit attributable to the parent company was RMB 64,969,500, an increase of 138.25% over the same period of the previous year.
According to the company, the main reason for the change in business income is: In the first quarter of 2016, the LED lighting market demand was good, the company's business scale continued to develop, and the main business maintained a steady growth. At the same time, during the reporting period, the company transferred a 15.05% stake in Xinqu Optoelectronics, a shareholding subsidiary, which had a positive impact on net profit.
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