Lehman Optoelectronics expects its performance in 2013 to decline by 25% to 5%
Lehman Optoelectronics (300162) released its annual performance forecast on January 30, with a profit forecast of about 16.99 million yuan - 23.78 million yuan, a decrease of 25% to 5%.
Lehman Optoelectronics said that during the reporting period, the company increased its investment in new markets and new product research and development. It is expected that operating income will increase slightly from the same period of the previous year. At the same time, labor costs continue to rise, resulting in higher expenses during the reporting period. In the same period of last year, the company's wholly-owned subsidiary Lehman Media was in the investment period, with a large investment in the previous period. The estimated loss during the reporting period exceeded RMB 6 million. The company's fundraising project was fully completed and put into operation in 2013, and the production capacity was expanded, including the plant. The cost of production and operation, such as equipment depreciation, increased significantly; the sales of product sales and engineering projects were not as expected, and the provision for impairment of assets such as bad debt provision required to be accrued increased accordingly.
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