Hongli Photocell's net profit for the first quarter increased by 75% year-on-year

Hongli Optoelectronics (300219) released its forecast on Tuesday night. The company expects net profit of 2,496.62 million yuan in the first quarter of 2015 to 27.829 million yuan, an increase of 75%-95%. In the same period last year, the profit was 14.2664 million yuan.

Hongli Optoelectronics said that the LED lighting market needs to be better, which makes the company's main business grow well. At the same time, the acquired subsidiaries also contributed some of the results, resulting in a large year-on-year change in performance.

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