Silan Micro expects net profit for the first half of 2012 to decrease by more than 70% from the same period of the previous year

Silan Micro released its first-half results for 2012. The company expects net profit attributable to shareholders of listed companies to decrease by more than 70% over the same period in 2011. The net profit attributable to shareholders of listed companies in the same period last year was 85.246 million yuan, and the basic earnings per share was 0.20 yuan.

Silan Micro pointed out that the reason for the decrease in performance was that in the second quarter of 2012, due to the continuous impact of the European debt crisis, the semiconductor market demand recovered slowly, and the company's revenue decreased to a certain extent compared with the same period last year. Hangzhou Silan IC Co., Ltd., a holding subsidiary, has improved its capacity utilization rate in the second quarter of this year and achieved a certain amount of profit in the second quarter, but it has not been able to make up for the loss in the first quarter. In addition, the production capacity of the extended equipment of Hangzhou Silan Mingxin, a wholly-owned subsidiary, has been gradually released. However, due to the significant decline in the price of its products compared with the same period of last year, the overall gross profit margin is low.

The company said that the company will make detailed disclosures in the 2012 interim report on the company's 2012 semi-annual operating results.

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