Zhuhai Torch force closed down 12.61% in Tuesday

Beijing time July 9 Morning News, Zhuhai Torch Tuesday Close the stock price plunged 0.3 U.S. dollars to 2.08 U.S. dollars, a decrease of 12.61%.

July 8, Zhuhai Torch Force (nasdaq:acts) announced that, based on the company's initial assessment, is now decided to cut the second quarter of fiscal year 2014 guidance revenue forecasts.

Zhuhai Torch Force is expected, the company's second quarter revenue will reach about 12 million U.S. dollars. The company is expected to reach 15 million US dollars to 17 million dollars.

Zhuhai Torch Force pointed out that the lower revenue forecast is mainly because the overall demand from the "White Card" (Whitebox) tablet manufacturers declined, as well as new competitors into the "white" market, resulting in more competition in the market. The so-called "white card" tablet computer refers to some unknown brands or Shanzhai brands.

Zhuhai Ju Li CEO Zhou Zhenyu said: "Our second quarter revenue will be lower than expected." As demand in North America and Europe rebounds in the third quarter, we believe shipments will return to growth in the second half of the year. "(Li Wei)