Jufei Optoelectronics Net Income to Grow 50% in 2014

China based Jufei Optoelectronics released their 2014 half year performance report on July 10, 2014. The company estimates net income available to stockholders to reach around RMB 76.57-97.88 million (US $12.3-15.7 million), up 25-50 percent YoY. 

The company reported a positive development trend for all its businesses. Small sized backlight products continue to maintain steady growth, showing a clear development of international client base. Jufei Optoelectronics’ mid to large size backlight business is rapidly growing. Additionally, the company’s LED lighting component business is also showing positive development. The company notes that the rapid increase in sales revenue compared to the same time last year is driving up net income growth. 

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