On the evening of July 10, Foshan Lighting (000541) disclosed the 2016 semi-annual performance report.
The data shows that the company achieved a total operating income of 1.756 billion yuan in the first six months of this year, a year-on-year increase of 15.17%, and a net profit of 208 million yuan, an increase of 107.20%. After deducting non-net profit of 207 million yuan, an increase of 125.20%.
Foshan Lighting said that under the circumstances of the macroeconomic downturn and increasingly fierce competition in the industry, under the leadership of the board of directors, the management of the company accelerated its own adjustment and innovation, timely followed up and adapted to market changes, and expanded the product line and sales area. At the same time, strict control of costs and reduction of expenses have enabled the company's main business to maintain a good momentum of sustained growth.
For the substantial increase in the company's net profit, the company explained four reasons: 1. Increase in operating income leads to increased profits; 2. Strengthen cost control and increase product gross profit margin; 3. Control operating expenses and reduce expenses; 4. Current period The asset impairment provision decreased by 10.77 million yuan compared with the same period of the previous year and the compensation for securities misrepresentation liability litigation was 14.1677 million yuan.
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