On April 29th, Qipu Optoelectronics released the 2015 annual performance report. During the reporting period, the company realized operating income of 212,803,246.15 yuan, down 1.79% year-on-year; net profit was 3,819,756.48 yuan, down 59.62%. Among them, the outdoor display realized revenue of 151,823,289.94 yuan, the revenue accounted for 71.34%, the indoor display realized revenue of 54,617,646.93 yuan, and the revenue accounted for 25.67%.
For the decline in revenue, Qipu Optoelectronics said that the LED industry has experienced fierce competition in price wars and product homogenization during the reporting period. At the same time, the domestic real economy is facing transformation, and the overseas European and South American market economies continue to slow down. The marketing network, the expansion of overseas markets, and continuous promotion of technological innovation, but the downward pressure on the domestic and international market economy, led to a slowdown in income this year.
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