Qinshang Optoelectronics won the bid for Zhengzhou and Dongguan three projects totaling 12.56 million

On the evening of October 17, Qinshang Optoelectronics (002638) issued an announcement. The company recently won the bid for “Zhengzhou Rail Transit Line 1 Phase I Project Auto Show Decoration Lighting Purchasing Project” and “Changping Town Street Light adopts BT mode to transform LED street light project” and “Nancheng District LED Street Light Phase I Reconstruction Procurement Project”, the total amount of the winning project is 12.56 million yuan.

Among them, Zhengzhou Rail Transit Line 1 Phase I project station decoration lighting procurement project won the bid amount of 6.89 million, Changping Town street lamp using BT way to transform LED street light project won the bid amount of 2.69 million, Nancheng District LED street lamp first phase renovation procurement project won the bid amount of 2.98 million .

The company said that the above bid will help further enhance the company's market share in the field of LED lighting, consolidate the company's brand influence and leading position in the industry. The performance of the project will have a positive impact on the 2013 results, but will not have a significant impact.

In addition, the company also explained and summarized in detail the three reasons for the previous three quarters of performance forecast: the LED lighting market competition intensified, resulting in a decline in product gross margin; the company vigorously paved the global channel network, resulting in increased costs; the company accelerated Expanding the global market has led to an increase in promotion costs.

The company explained that in the disclosure stage of the semi-annual report, due to the insufficient summary and estimation of the above related expenses by the staff, the performance forecast for January-September is upward 10%-40%, until the preparation of the third quarterly report enters the substantive stage, and the related expenses. When the summary confirmation was made, the essence of the downward revision of the performance was further clarified.

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