On August 27th, Foshan Lighting released the 2012 semi-annual report. During the reporting period, Foshan Lighting's total operating revenue was approximately 1.064 billion yuan, down 2.83% year-on-year; total profit was approximately 159 million yuan, up 8.14% year-on-year; net profit attributable to listed company shareholders was approximately 135 million yuan, up 14.13% year-on-year.
Foshan Lighting indicated that the dividends paid by the financial institutions invested by the company increased the investment income during the reporting period, resulting in a decrease in the profit of the company's main business. At the same time, Foshan Lighting has strengthened its domestic marketing efforts by developing new LED products, adjusting its product structure and marketing strategy. On the other hand, Foshan Lighting has strengthened its internal management, controlled operating costs, and strived to save energy and reduce consumption according to actual conditions. The impact of the economic crisis on the company's operating conditions.
Foshan Lighting believes that as the European debt crisis continues to deepen, and the company's foreign export business accounts for a large proportion in Europe, the European economic downturn will inevitably affect the company's export business; while the domestic economy has dropped significantly, the industry market demand has declined. The light source and lighting products are the main business of Foshan Lighting. In the increasingly fierce competition in the domestic electric light source industry, the price war and the sales channel war are intensifying, which will inevitably lead to the rising operating expenses of the electric light source enterprises, and the average profit of the industry is becoming increasingly meager.
Foshan Lighting indicated that the dividends paid by the financial institutions invested by the company increased the investment income during the reporting period, resulting in a decrease in the profit of the company's main business. At the same time, Foshan Lighting has strengthened its domestic marketing efforts by developing new LED products, adjusting its product structure and marketing strategy. On the other hand, Foshan Lighting has strengthened its internal management, controlled operating costs, and strived to save energy and reduce consumption according to actual conditions. The impact of the economic crisis on the company's operating conditions.
Foshan Lighting believes that as the European debt crisis continues to deepen, and the company's foreign export business accounts for a large proportion in Europe, the European economic downturn will inevitably affect the company's export business; while the domestic economy has dropped significantly, the industry market demand has declined. The light source and lighting products are the main business of Foshan Lighting. In the increasingly fierce competition in the domestic electric light source industry, the price war and the sales channel war are intensifying, which will inevitably lead to the rising operating expenses of the electric light source enterprises, and the average profit of the industry is becoming increasingly meager.
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