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LED lighting application plant Huaxing's January revenue was NT$158 million, a record high. However, Huaxing said that due to the impact of restricted working days in February, revenue will show a slight decline.
Huaxing's consolidated revenue in January was 158 million yuan, a monthly growth of 20.2%, a year-on-year growth of 87.8%, and also exceeded the 142 million yuan in October 2009.
Among Huaxing's revenue share, low-temperature LED lighting revenue increased by about 15 million yuan, home appliance parts were about 11 million yuan, and low-temperature lighting grew by nearly 60%.
It is estimated that due to the 2010 Lunar New Year, the revenue in February should decline.
In addition, in order to enrich working capital and repay bank loans, the company applied for the issuance of NT$200 million convertible corporate bonds at a price of 25.77 yuan per share. 