Changfang Lighting released its first half of 2012 performance report. The company achieved a total operating income of 237 million yuan, an increase of 15.38% from the previous year's 205 million yuan; the total profit reached 37.01 million yuan, an increase of 3.09% over the previous year's 35.9 million yuan; The net profit attributable to shareholders of listed companies was 31.43 million yuan, an increase of 3.05% over the previous year's 30.51 million yuan.
The main business of Changfang Lighting focuses on the packaging of white LEDs for lighting, and on this basis, it extends to downstream lighting applications, mainly engaged in the research and development, design, production and sales of LED lighting source devices and LED lighting products. The company's packaged products include in-line and SMD LED lighting source devices; lighting applications include LED bulbs, lamps, and spotlights.
The company's product sales revenue increased by 14.34% over the same period of the previous year. During the reporting period, due to price and market adjustments, the revenue of LED lighting sources decreased by 42.74% over the same period. As the company increased the sales of SMD LED lighting sources and lighting products, the SMD LED lighting source was compared with the same period last year. The growth rate was 85.77%, and the lighting products increased by 297.48% compared with the same period of last year.
During the reporting period, in order to adapt to market competition, expand the scale of sales, and increase the market share, the company appropriately reduced the sales price of the products. Although the production cost also decreased during the reporting period, the decline was less than the decline in the sales price of the products, resulting in the company. The gross profit margin of various products increased little compared with the same period of last year, and the gross profit of lighting products decreased.
In the future, the company will vigorously develop lighting products on the basis of consolidating and improving the market position of SMD LED lighting source products. Although this will lead to a decline in comprehensive gross profit margin, it will help to expand the company's sales revenue and total profit. The company will actively reduce the unit cost of products through technological innovation and process innovation, and at the same time, through the development of high-end products leading the market, in order to obtain higher gross profit margin, thus maintaining the basic stability of the company's comprehensive gross profit margin.
The main business of Changfang Lighting focuses on the packaging of white LEDs for lighting, and on this basis, it extends to downstream lighting applications, mainly engaged in the research and development, design, production and sales of LED lighting source devices and LED lighting products. The company's packaged products include in-line and SMD LED lighting source devices; lighting applications include LED bulbs, lamps, and spotlights.
The company's product sales revenue increased by 14.34% over the same period of the previous year. During the reporting period, due to price and market adjustments, the revenue of LED lighting sources decreased by 42.74% over the same period. As the company increased the sales of SMD LED lighting sources and lighting products, the SMD LED lighting source was compared with the same period last year. The growth rate was 85.77%, and the lighting products increased by 297.48% compared with the same period of last year.
During the reporting period, in order to adapt to market competition, expand the scale of sales, and increase the market share, the company appropriately reduced the sales price of the products. Although the production cost also decreased during the reporting period, the decline was less than the decline in the sales price of the products, resulting in the company. The gross profit margin of various products increased little compared with the same period of last year, and the gross profit of lighting products decreased.
In the future, the company will vigorously develop lighting products on the basis of consolidating and improving the market position of SMD LED lighting source products. Although this will lead to a decline in comprehensive gross profit margin, it will help to expand the company's sales revenue and total profit. The company will actively reduce the unit cost of products through technological innovation and process innovation, and at the same time, through the development of high-end products leading the market, in order to obtain higher gross profit margin, thus maintaining the basic stability of the company's comprehensive gross profit margin.
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