[High-tech LED News] VTech announced that its interim results for the period ended September 30, 2011, revenue increased by 5.4% to 858 million US dollars during the period, affected by rising material costs, further increase in labor costs, and the continued appreciation of the RMB. The overall gross profit margin fell from 32.2% to 30.4%.
VTech said that due to fierce competition in the domestic LED lamp market, product price cuts are rapid, even if it is difficult to make up for the impact of price adjustment, the company is gradually withdrawing from the domestic LED lamp market, and will focus on the public and commercial LED lamp business in the future. .
In addition, after the earthquake in March, the impact of raw material supply in the Japanese market was smaller than expected, and the market began to recover. The order situation improved. I believe that orders for Japan in the second half of the fiscal year may increase.
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