Foshan Lighting's net profit of 100 million yuan in the first quarter increased by 8.34%

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The former "China Light King", after experiencing a lot of circumstances such as the founder's departure, investor claims, and major shareholder replacement, finally began to slowly slow down and make a commitment to LED transformation.

In 2015, the demand for traditional lighting products continued to decline rapidly. After the rapid development and replacement of LED lighting in recent years, the growth rate of LED lighting market has slowed down significantly compared with previous years. The homogenization competition and price competition of industrial products have further intensified. Enterprises in all segments of the LED industry chain are generally in a period of low growth and even negative growth.

Foshan Lighting has not been spared. However, it is worth noting that the proportion of LED products in Fozhao is close to 50% for the first time.

In 2015, the sales revenue of traditional lighting products of Fozhao was 1.46 billion yuan, down 31.84% year-on-year; the sales revenue of LED products was 1.416 billion yuan, up 52.92% year-on-year; the revenue of LED products accounted for 49.24% of the total revenue.

Foshan Lighting (000541) released the first quarter performance report on the evening of April 6. After unaudited data, the company achieved revenue of 904 million yuan, up 17.85% year-on-year; operating profit was 128 million yuan, up 6.91% year-on-year; net profit was 1.08 billion yuan, up 8.34% year-on-year; basic earnings per share was 0.0847 yuan.

According to the announcement, under the leadership of the board of directors, the management of the company's main business has achieved good growth under the leadership of the board of directors under the leadership of the board of directors.

The announcement also pointed out that the net profit of 99.48 million yuan in the first quarter of 2015 included the company's sale of 5 million shares of China Everbright Bank (601818) increased by 14.5 million yuan, and the company did not have this income in the first quarter of 2016.

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