Qinshang Optoelectronics (002638) said on June 25 that LED lighting products are still in the channel of price decline, and some products are selling at a reduced price.
In response to questions from investors about whether the products sold by Qinshang Optoelectronics are detrimental to profitability, Qinshang Optoelectronics said that while the company is reducing prices, the company is also reducing the procurement cost of upstream raw materials to reduce the space for gross profit margins. The overall level has not decreased much.
The main business of Qinshang Optoelectronics is to develop, produce and sell semiconductor lighting products to provide LED lighting solutions for users.
In response to questions from investors about whether the products sold by Qinshang Optoelectronics are detrimental to profitability, Qinshang Optoelectronics said that while the company is reducing prices, the company is also reducing the procurement cost of upstream raw materials to reduce the space for gross profit margins. The overall level has not decreased much.
The main business of Qinshang Optoelectronics is to develop, produce and sell semiconductor lighting products to provide LED lighting solutions for users.
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