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Huacan Optoelectronics said that since the beginning of 2012, due to the competitive pressure of the industry market, the LED chip industry is in a price-continuous decline range. Although the main business chip sales volume has increased steadily, the company's sales revenue is still lower than the planned level.
For the fourth quarter, Huacan Optoelectronics said that, first of all, the use of high-light green chip products and high-efficiency white light chip products, the latest research and development results, to increase efforts to promote the company's new products in the high-end display market and lighting, backlight market development. In particular, it is necessary to further expand the sales scale of white light chip market sales in domestic mainstream clients. In addition, in terms of R&D investment and management, the company will further integrate the strengths of existing teams and conduct technical research on key issues. 
Huacan Optoelectronics Q3 net profit drop 70% Q4 intends to expand the market scale of white light chip
On October 22, Huacan Optoelectronics released the third quarter report for 2012. During the reporting period, the company's total operating income was about 71.03 million yuan, down 40.61% year-on-year; the net profit attributable to shareholders of listed companies was about 5 million yuan, down 76.73% year-on-year. The basic earnings per share is 0.03 yuan.