China’s LED lighting solution supplier TCOrient announced that the company is estimated to suffer from severe money loss for the year 2012.

The company has attributed its money loss to the weak global demand for PCB and the fierce market competition in LED lighting industry which has caused the fall in revenue and gross profit margin of PCB and LED lighting business. The Group has accounted the impairment loss on its properties, plants and equipment, intangible assets, trade receivables and other receivables.