On October 26, Foshan Lighting released the third quarterly report. The company achieved operating income of 2.575 billion yuan from January to September 2016, an increase of 15.35% year-on-year. The average operating income of the white goods industry grew by 2.20%. The company's operating income for the quarter decreased from the previous quarter. 3.74%; net profit attributable to shareholders of listed companies was 280 million yuan, a year-on-year increase on October 26, Foshan Lighting released three quarterly reports, the company achieved operating income of 2.575 billion yuan from January to September 2016, an increase of 15.35%, white goods industry The average operating income growth rate was 2.20%. The company's operating income decreased by 3.74% compared with the previous quarter. The net profit attributable to shareholders of listed companies was 280 million yuan, a year-on-year increase of 281.43%. It is a big positive for the company's stock price and the average net profit of the white goods industry. The growth rate was 16.94%, and the company's net profit for the quarter was down 26.19% from the previous quarter. Since the Guangyu Group entered the country, the development of Foshan Lighting has seen a great improvement. Through the acquisition of subsidiaries such as Chanchang Electric Appliances and entering the electrical industry, Foshan Lighting achieved operating income of 175,560,100 yuan in the first half of this year, an increase of 15.17% over the same period of last year; net profit attributable to shareholders of listed companies was 20,773,800. Yuan, an increase of 107.20%. The announcement of the acquisition of 32.85% of the shares of Nanhe Company by 180 million yuan shows that Foshan Lighting used its own funds of RMB 180 million to acquire 32.85% of Shenzhen Nanhe Communication Industrial Co., Ltd. (hereinafter referred to as Nanhe Company) held by Baiya Co., Ltd. Shares. Because Guangdong Electronic Information Industry Group Co., Ltd. (hereinafter referred to as Electronic Group) is both a controlling shareholder of Foshan Lighting and the largest shareholder of Nanhe Company, Foshan Lighting acquired 32.85% of the shares of Nanhe Company held by Baiya Co., Ltd. Foshan Lighting will form a joint investment relationship with the Electronics Group in Nanhe. By acquiring 32.85% of the shares of Nanhe Company held by Baiya Co., Ltd., Foshan Lighting can share the benefits brought by Nanhe Company's industrial renewal in the industrial plant area of ​​Buji Town, Longgang District, Shenzhen, and increase the company's revenue source. It is proposed that the 30% shareholding company of Chanchang Company will show that Foshan Chanchang Electric (Gao Ming) Co., Ltd. (hereinafter referred to as Chanchang Company) is a joint venture invested and established by Foshan Lighting in 2005 with a registered capital of 72.78 million yuan and Foshan Lighting accounted for 70%. % shares, Youchang Lighting Equipment Co., Ltd. accounted for 30% of the 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 a 30% stake in Chanchang Company held by Youchang Lighting Equipment Co., Ltd. Foshan Lighting said that the acquisition of 30% equity of Chanchang Company will help the company further integrate resources, strengthen the management and resource utilization of Chanchang Company, and enhance the company's profitability. After the acquisition, the company will wholly hold Chanchang Company. It is planned to invest 25.5 million yuan to establish Foshan Lighting Co., Ltd. Foshan Lighting Co., Ltd. plans to invest 25.5 million yuan to jointly establish Foshan Electric Technology Co., Ltd. with other legal persons (or individuals) (tentatively, subject to the registration of industry and commerce) (below) Referred to as Foshan Electric Company or a joint venture company, the joint venture's main business is research and development, production and sales of electrical sockets, converters, switches and other electrical products. Since 2014, after the transformation of traditional lighting from LED, the dilemma facing Foshan Lighting is that although it is a veteran of the lighting industry, it is indeed a newcomer to the LED industry. However, after the Guangyu Group took over, the road to transform LEDs in Foshan Lighting has a strong guarantee to accelerate the overall layout of the LED lighting industry chain upstream and downstream.
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