On October 10, Nanda Optoelectronics (300346) released its performance forecast on Friday. The company expects a net profit of 33 million yuan to 40 million yuan from January to September, down 21.89% to 35.56%. In the same period last year, the company's profit was 51.108 million yuan.

Nanda Optoelectronics said that due to the rapid development of the entire LED industry, sales in the first three quarters of 2014 increased year-on-year. However, fierce market competition led to a year-on-year decline in product prices, which led to a decline in performance compared to the same period last year.

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