The development of LED lighting industry will grow rapidly in 2014
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Foshan Lighting announced the 2013 annual report and the first quarter of 2014 report.
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In 2013, Foshan Lighting achieved a revenue of 2.527 billion yuan, a year-on-year increase of 14.75. The net profit attributable to shareholders of listed companies was 252 million yuan, down 36.96 year-on-year, EPS was 0.26 yuan, and net profit after deduction was 247 million yuan, up 2.93 year-on-year. In the first quarter of 2014, the company realized revenue of 700 million yuan, a year-on-year increase of 28.31. The net profit attributable to shareholders of listed companies was 71.35 million yuan, a year-on-year increase of 6.05.
The growth rate of revenue in 2013 was in line with expectations, and the growth was mainly from overseas markets. The annual revenue was 2.501 billion yuan, a year-on-year increase of 14.91, of which domestic revenue was 1.68 billion yuan, an increase of 8.70, and foreign revenue was 821 million yuan, a year-on-year increase of 34.35. 2013 net profit decreased by 36.96 mainly because of non-recurring income. Less (2012 company sold Fuwan Lake Hotel, non-recurring income increased).
Revenue growth in the first quarter of 2014 was 28.31, slightly exceeding expectations, with a performance increase of 6.05, slightly lower than expected, due to a decrease in non-operating income. In the first quarter, revenue was 700 million yuan, a year-on-year increase of 28.31.
For the growth of revenue growth, Foshan Lighting comes from two aspects: 1) the traditional light source and halogen lamp are in short supply, 2) increase the investment of LED products, and the cost-effective products make the company's LED products have a strong influence on the market. force. Gross profit margin increased by nearly 5 percentage points compared with 13Q1. Net profit was 71.35 million yuan, a year-on-year increase of 6.05, mainly due to 13Q1 non-operating income of more than 40 million, while 14Q1 non-operating income was less than 1 million.
In 2014, the company's LED business will grow at a high speed: 1) In 2013, the company launched a series of LED fist products in a timely manner. The high cost performance has formed an influence in the market and laid a solid foundation for the company's LED product development in the next few years. 2) The company has established a four-wheel drive channel development model for distribution wholesale, specialty stores, engineering direct sales, e-commerce and retail. The rapid channel expansion is conducive to staking in the new round of LED lighting market.