Accelerated transformation of LED lighting Feile audio report net profit increased by 2 times
[Text / high-tech LED Gan Qin] In the disclosure of the annual report last year, Fei Le Audio (600651) set the 2015 business objectives and business plan as: to achieve a main business income of 3.85 billion yuan, and strive to complete 5 billion yuan. Judging from the completion of the company in the first half of this year, the company realized a main business income of 1.473 billion yuan, only completed 38.3% of the budget, to achieve the expected goals, but also need to increase efforts in the second half.
On August 28, Feile Audio released its first-half performance report. During the reporting period, the company achieved a total operating income of 147,380,100 yuan, a year-on-year increase of 45.6%, and a net profit of 70,792,400 yuan, an increase of 271.88% over the same period last year.
However, from the performance of the company's wholly-owned subsidiary of the green lighting industry, net profit has declined.
Among them, the main products of Shanghai Yaming, a wholly-owned subsidiary, are traditional lighting and LED general lighting products. In the first half of the year, the company achieved a total operating income of 696.48 million yuan, a decrease of 10.3% compared with the same period of last year, and a net profit of 3.31 million yuan, a year-on-year decrease of 82.5%. Feiyue audio director Dong Kailan pointed out that because Yaming is currently in the stage of traditional lighting transformation LED lighting, a lot of research and development costs. At the same time, the conversion rate of research and development results is not high, which affects the economic benefits of Yaming.
Subsidiary Beijing Shenan Investment Group Co., Ltd. is a well-known LED lighting solution provider in China. It provides lighting engineering project design, construction, contracting and technical services. It also comes with supporting sales of various LED lighting products or customized lighting products. The company achieved a total operating income of 499.84 million yuan, an increase of 27.1% over the same period last year, and a net profit of 18.6 million yuan, a year-on-year decrease of 59.5%.
In addition, Shanghai Shengyi Industrial Co., Ltd., which specializes in automotive LED lighting products, mainly produces, processes and sells auto parts, electronic products, electrical equipment, and technical services in the field of electronic technology. In the first half of the year, the company realized a total operating income of 284.44 million yuan. Last year, the company increased by 30.6%, and the net profit was 20.84 million yuan, a year-on-year decrease of 4.0%.
Zhao Kailan said that during the reporting period, the company's management expenses were 173.79 million yuan, an increase of 73.02 million yuan over the same period of last year. The main reason was the change in the scope of the company's consolidated statements, and the company increased its brand promotion after the completion of major asset restructuring at the end of 2014. Increase the management expenses of the lighting engineering project design and capacity, as well as the increase in the salary of personnel caused by the investment in research and development.
Facing the rapid development of LED, the higher requirements of lighting technology and the continuous increase of labor costs, Feile Audio will accelerate the development of lighting application products and market development. Zhao Kailan said that the company will transform from traditional lighting to green LED low-carbon lighting. On this basis, it will develop towards smart lighting, use smart city as its business platform, and use smart street light network as its business to expand its business scope and channels.
As a whole, in 2015, the company took smart city as its business platform, took smart street light network as its business, continued to invest in new business, fostered the development of new business models and new business applications, and introduced market-oriented mechanisms to develop these. Business, strive to complete the intelligent lighting product chain layout, and expect to have a truly widespread application period of intelligent lighting products within 2-3 years.
In addition, Feile Audio regards the internationalization strategy as one of the important business strategies for future development. The company aims at the international market and gradually moves to the international operation track. Zhao Kailan said that in the first half of 2015, the company invested in France and Hungary to establish subsidiaries, in this way to extend the company's product technology, brand culture, base production to foreign markets, and strive to promote the company's development in the international LED lighting industry.
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