The development of LED lighting industry will grow rapidly in 2015

Foshan Lighting announced the 2013 annual report and the 2014 quarterly report. [img] /uploads/allimg/140527/35-14052G11509108. jpg [/img] In 2013, Foshan Lighting realized an annual income of 25. 2. 7 billion yuan, a year-on-year increase of 14. 75, net profit attributable to shareholders of listed companies 2. 5. 2 billion yuan, down 36. 96, EPS is 0. 26 yuan, net profit after deduction of 2. 4. 7 billion yuan, a year-on-year increase of 2. 93. In the first quarter of 2014, revenue reached 0. 7 billion yuan, up 28. 31. The net profit attributable to shareholders of listed companies was 71. 35 million yuan, up 6. 5% year on year. 05. Revenue growth in 2013 was in line with expectations, mainly from overseas markets. Annual revenue of 25. 0. 1 billion yuan, a year-on-year increase of 14. 91, including domestic revenue 16. 8 billion yuan, an increase of 8. 70, foreign revenue 8. 2. 1 billion yuan, an increase of 34. 35. Net profit in 2013 fell 36. 96 is mainly due to less non-recurring income ( In 2012, the company sold Fuwan Lake Hotel, increasing non-recurring revenue). Revenue increased by 28 in the first quarter of 2014. 31, slightly exceeding expectations, performance increased by 6. 05, slightly lower than expected, due to a decrease in non-operating income. Revenue in the first quarter was 0. 7 billion yuan, up 28. 31. For the revenue growth momentum, Foshan Lighting summary comes from two aspects: 1)Traditional light sources and halogen lamps are in short supply, 2) Increase the investment in LED products, and the products with high cost performance make the company's LED products form a strong influence in the market. Gross profit margin increased by nearly 5 percentage points compared with 13Q1. Net profit was 71. 35 million yuan, up 6. 05, mainly due to 13Q1 non-operating income of more than 40 million, while 14Q1 non-operating income of less than 1 million. The company's LED business will grow rapidly in 2014: 1) In 2013, the company launched a series of LED fist products in due course, which formed an influence on the market with high cost performance and laid a solid foundation for the development of LED products in the company in the next few years. 2) The company has established a four-wheel drive channel development model of distribution and wholesale, specialty stores, Project direct sales, e-commerce and retail. Rapid channel expansion is conducive to the new round of LED lighting market.