Compared with the performance of the previous two years, Foshan Electric Lighting Co., Ltd. (000541.SZ, hereinafter referred to as "Foshan Lighting (000541)") ushered in a gorgeous turn in 2016.
According to the 2016 annual report released by Foshan Lighting, the company's net profit reached 1.072 billion yuan, a 19-fold increase over the same period last year.
Behind the skyrocketing profits, Foshan Lighting's net investment income of 7.2959 billion yuan was obtained from the sale of Guoxuan Hi-Tech (002074) shares. Subsequently, Foshan Lighting further announced that it will reduce all shares of Guoxuan Hi-Tech according to the company's own development needs.
In fact, while the main business of lighting has been transformed into LED, Foshan Lighting has focused on the electrical sector. In October 2016, Foshan Lighting established the electrician subsidiary Foshan Lighting Zhida Electrical Technology Co., Ltd. However, the company has not yet achieved profitability in 2016.
In addition, Foshan Lighting has also made its transformation path quite unsettled due to frequent quality problems. In the results of the quality inspection of home improvement building materials in the circulation field announced by the Qinghai Provincial Administration for Industry and Commerce in 2016, two products of “FSL†Foshan Lighting were unqualified. Foshan Lighting has also been on the black list of the industrial and commercial departments.
In response to the above problems, Foshan Lighting Secretary Lin Yuhui told the China Business News that the time to further reduce Guoxuan Hi-Tech will be based on market performance; the company's electrical industry will achieve double-digit revenue growth by the end of 2017. For the unqualified products notified by the Qinghai Provincial Administration for Industry and Commerce, Lin Yuhui pointed out that it is actually a traditional lighting product of the company and is gradually being phased out.
According to Foshan Lighting's recently released 2016 annual report, operating income was 3.366 billion yuan, up 17.03% year-on-year; net profit attributable to shareholders of listed companies was 1.072 billion yuan, up 1907.92% year-on-year. The rapid growth of net profit was due to the sale of Guoxuan Hi-Tech stock held by some companies in the fourth quarter of 2016.
From November 15th, 2016 to December 7th, 2016, Foshan Lighting reduced the holding of Guoxuan High-tech stock by 29.27 million shares through the block trading method, accounting for 3.34% of the total share capital of Guoxuan Hi-Tech. The total transaction amount was 96,524,460 yuan. After deducting the cost and related taxes and fees, the company obtained an investment income of 853.261 million yuan.
The asset sales for Foshan Lighting's 2016 net profit increased by 72,523,700 yuan, accounting for 67.57% of the total net profit. As of the end of the reporting period, the company still holds 43,736,150 shares of Guoxuan Hi-Tech, accounting for 4.98% of the current total share capital of Guoxuan Hi-Tech.
In the view of the famous economist Song Qinghui, in the past few years, A-share listed companies have not been able to increase their performance by relying on stocks. In the case of some listed companies, in the context of the main business not faltering, the income from reducing stocks has become the "half of the net profit".
Selling stocks is easy to cash out and does not affect the main business. This has become the best choice for some listed companies with increased performance intentions in the fourth quarter, especially at the end of the year. However, if the listed company does not "work hard" in the main business, relying solely on selling stocks to boost the listing performance in the short term may not help.
In 2016, Foshan Lighting's LED lighting products contributed more revenue than traditional lighting products. In the fierce market competition, Foshan Lighting has increased its diversified layout and entered the electrician market. On the basis of the original electrical products, we have vigorously developed electrical products and added more electrical product series and sockets.
According to data released by Foshan Lighting in the 2016 annual report, during the reporting period, the company's electrical products sales revenue was 70.16 million yuan, a year-on-year increase of 90%. In other words, electrical products accounted for only 2.08% of total revenue.
LED lighting products and traditional lighting products achieved operating income of 2.04 billion yuan and 1.29 billion yuan respectively, accounting for 60.77% and 38.42% of the total revenue respectively. This is also the first time that Foshan Lighting has surpassed traditional lighting in its annual report since the transition from traditional lighting to LED lighting.
Chen Wenji, director of Foshan Lighting and Electrical Products Division, told the media that Foshan Lighting has been focusing on the transformation and upgrading of LED lighting business in the past few years. At present, the relevant key work has been basically completed, and it has entered a rapid development track. Foshan Lighting is now in the “secondary innovationâ€. "The new stage."
According to the development ideas of Foshan Lighting, we will continue to adhere to the professional development path and focus on the market layout of the main business of lighting products. At the same time, we will adhere to the diversified development strategy, vigorously develop the electrical industry, and strive to promote the strategic layout of the lighting industry and the electrical industry.
However, from the above-mentioned proportion of electrical products, LED lighting products and traditional lighting products in total revenue, the industry pointed out that there is still a long way to go before the electrician industry wants to become the company's second main business.
In this regard, Lin Yihui admits that from the end of 2017, the electrical industry will bring at least double-digit revenue growth to the company, but it will take some time to stay away from the main lighting industry.
It is reported that in October 2016, Foshan Lighting and Foshan Zhibida Enterprise Management Co., Ltd. and Dongguan Baida Semiconductor Materials Co., Ltd. jointly invested and established Foshan Lighting Zhida Electrical Technology Co., Ltd., Foshan Lighting holds 51% of its shares. .
However, the newly established Foshan Lighting Zhida Electrical Technology Co., Ltd. did not achieve a good start in the 2016 annual report. According to the annual report data, the company's annual operating income was 433,043.67 yuan, and the net profit was -39,530.09 yuan.
In the main lighting industry, Foshan Lighting is still facing a severe test from market supervision.
On March 22, Qinghai Provincial Administration for Industry and Commerce announced the results of the quality inspection of home improvement building materials in the circulation field in 2016. The results showed that wallpapers, wooden floors, self-ballasted fluorescent lamps and other home improvement building materials were found to be unqualified products.
Among them, "FSL" Foshan Lighting has two products that failed to pass the test. One product is a high-power electronic energy-saving lamp, the specification model is “YPZ220/45-4U/M-RR2016-IIY1â€, the main unqualified items are lamp power, initial light effect, harmonic current; the other product is T4 electronic Energy-saving lamps, the specification model is “YPZ220/5-2U-RR2015-IIHMâ€, and the main unqualified items are power factors.
"These two products are actually traditional lighting products that have been eliminated." Lin Yuhui said that the company's products are transforming from traditional lighting to LED lighting, and further investigations have been initiated on the unqualified incident.
It is worth noting that in this annual report, Foshan Lighting claimed that after years of development, the company has won more honors and won the reputation of “China Light Kingâ€. “FSL†and “汾江†were recognized as China. Well-known trademarks.
In fact, this is not the first time Foshan Lighting has been on the quality blacklist.
In October 2016, the quality inspection conducted by the Beijing Municipal Administration of Industry and Commerce on the lighting equipment in the market showed that the Foshan Lighting brand name was “FSL†and the model “XD-300A-LED17†was an LED ceiling light “harassmentâ€. The “Voltage†project was unqualified;
In September 2016, the Hubei Provincial Administration for Industry and Commerce released the results of the quality inspection of the lighting fixtures in the circulation field in mid-May. It was pointed out that a model of Foshan Lighting produced "QRS-LED4 4W" embedded lamps "external wiring and internal The wiring is unqualified;
In April 2016, the Gansu Provincial Administration for Industry and Commerce released the quality inspection results of the lighting products in the circulation field in 2015. Foshan Lighting 2 In fact, this is not the first time Foshan Lighting has been on the quality black list.
According to the announcement of the quality supervision of 13 product quality special inspections published by the Guangdong Provincial Quality Supervision Bureau in 2015, the “Structure†project of the LED bracket light of the model “WT5-12-30/111†of Foshan Lighting was unqualified.
In response, many interviewees pointed out that quality problems are more harmful to the company's brand, and strict quality control is the only way to maintain a good brand. (The original title of this article: the net profit of selling stocks increased by 19 times. Foshan's lighting transformation is not easy)
Type2 To Type2 EV Charging Cable
Type2 To Type2 Ev Charging Cable,Ev Charging Cable Type 2,Ev Cables,Car Charging Cable
Yangzhou JERI New Energy Co., Ltd. , https://www.jrevcharging.com