Ruifeng Optoelectronics (300241) announced on January 21 that the company expects net profit for 2012 to be 45 million to 51 million yuan, an increase of 35%-53% over the same period of the previous year.

The company said that in 2012, although the LED market as a whole remained sluggish, the company seized the market opportunity of the LED LCD TV market penetration rate, and achieved significant growth in sales and profits through technology-leading and stable quality products. The company's domestic leading position in the field of LED-TV backlights.

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