When it comes to the LED industry boom, Zhen Mingli said that the European and American economies are still the biggest influencing factors. The company's previous order orders are the first in the US, the second in Europe, and the bottom in Asia. But now Asia ranks second, including Japan, Russia, and the mainland. The market growth is better than that of Europe and the United States; for example, the Christmas lights in the United States, the Christmas market in 2012 is 20% less than last year.
At present, Zhen Mingli's shipments on traditional light bulbs and LED bulbs are about 1:1. Although there is no big single note, they are all developing in stability. It is estimated that the third quarter results are better than the same period last year. Despite the improvement in LED market demand, gross profit margin was affected by price competition. Zhen Mingli said that it is necessary to improve materials and cost to have good profit performance.
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