LED Transformation Road accelerates Foshan Lighting's rapid growth in the first three quarters

On October 26, Foshan Lighting released its third quarterly report. The company 2016 1-In September, operating income was 25. 7. 5 billion yuan, a year-on-year increase of 15. 35, the average operating income growth rate of the white goods industry 2. 20, the company's operating income in the quarter fell by 3. 74; Net profit attributable to shareholders of listed companies 2. 8 billion yuan, a year-on-year increase. On October 26, Foshan Lighting released its third quarterly report. The company 2016 1-In September, operating income was 25. 7. 5 billion yuan, a year-on-year increase of 15. 35, the average operating income growth rate of the white goods industry 2. 20, the company's operating income in the quarter fell by 3. 74; Net profit attributable to shareholders of listed companies 2. 8 billion yuan, up 281 year on year. 43. It is extremely beneficial to the company's stock price. The average net profit growth rate of the white goods industry is 16. 5%. 94, the company's net profit for the quarter fell 26. 19. Since the Guangyu Group entered the market, the development of Foshan Lighting has seen a big improvement. Through the acquisition of subsidiaries such as chanchang electric appliance and a series of actions such as entering the electrical industry, Foshan Lighting realized a revenue of 175567 in the first half of this year. 10 thousand yuan, a year-on-year increase of 15. 17; Net profit attributable to shareholders of listed companies 20773. 980 thousand yuan, up 107 year on year. Natural 20. 180 million yuan to buy Nanhe Company 32. The announcement of 85 shares shows that Foshan Lighting used its own capital of 180 million yuan to acquire Shenzhen Nanhe Communication Industry Co. , Ltd (Hereinafter referred to as Nanhe company)32. 85 shares. Due to Guangdong Electronic Information Industry Group Co. , Ltd (Hereinafter referred to as electronics group) It is not only the controlling shareholder of Foshan Lighting, but also the major shareholder of Nanhe company. Foshan Lighting acquired Nanhe Company 32 held by Baiya Co. , Ltd. After the completion of the 85 shares, Foshan Lighting will form a joint investment relationship with the electronics group in Nanhe company. Foshan Lighting acquired Nanhe Company 32. The 85 shares can share the benefits of Nanhe company after the completion of the urban renovation of the industrial plant in Buji town, Longgang district, Shenzhen, and increase the company's revenue source. The proposed acquisition of 30 shares of chanchang company shows that Foshan chanchang electric appliance (Gao Ming)Limited Company (Hereinafter referred to as chanchang company) It is a joint venture invested and established by Foshan Lighting in 2005 with a registered capital of 7278. 290 thousand yuan, Foshan Lighting accounted for 70 shares, Youchang Lighting Equipment Co. , Ltd. accounted for 30 shares. In order to integrate the internal resources of Foshan Lighting and strengthen the management and resource utilization of chanchang company, Foshan Lighting plans to acquire the 30 shares of chanchang company held by Youchang Lighting Equipment Co. , Ltd. Foshan Lighting said that the acquisition of 30 shares of chanchang company is conducive to the company's further integration of resources, strengthening the management and resource utilization of chanchang company, and improving the company's profitability. After this acquisition, the company will wholly hold chanchang company. It is planned to invest 25. 5 million yuan to establish a joint venture of Foshan Lighting Co. , Ltd. Foshan Lighting plans to invest 25. 5 million yuan, with other legal persons (Or individual) Jointly funded the establishment of fozhao Electric Intelligent Control Technology Co. , Ltd (Tentative, subject to industrial and commercial registration)(Hereinafter referred to as fozhao electric company or joint venture company) The main business of the joint venture company is to develop, produce and sell electrical sockets, converters, switches and other electrical products. Since the transformation of Buddha from traditional lighting to LED in 2014, Foshan Lighting has been facing a dilemma that although it is a veteran of the lighting industry, it is indeed a newcomer in the LED industry. However, after the Guangsheng group took over, the road of Foshan Lighting transformation LED can be said to have a strong guarantee, accelerating the overall layout of the LED lighting industry chain upstream and downstream.