On July 31, Liantronics announced result express for the first half of 2012 that during the reporting period, the company achieved total operating revenue of about 216.31 million yuan, up 4.14% year-over-year, with operating profit, total profit and net profit for shareholders coming to 15.95 million, 18 million and 15.03 million yuan, down 24.56%, 17.58%% and 23.49% respectively. Basic earnings per share was 0.2 yuan, a decline of 44.44% compared with last year’s 0.36 yuan.

Liantronics reckons that impacted by the heated competition within LED industry during Jan to June, 2012, the company experienced decelerated growth of sales revenue and slight decline in gross margin. Meanwhile, with the intent of improving the core competitiveness, the company increased expenditure in R&D and construction of sales network, therefore, the net profit has decreased compared with the same period last year.