Expansion of the North American business sunshine lighting denounced 50 million subsidiaries

Yankon June 1st announcement that the need for business development, the company invested 50 million yuan in cash to set up a wholly owned subsidiary, subsidiary name for the Zhejiang sun and Lighting Co. Ltd., the main lighting appliances (except lamps) manufacturing, sales, LED lighting products.

Yankon said that the establishment of the subsidiary, is based on the innovation of management model of business needs, the company's future business in America sub regional market development as the focus, is conducive to enhance the company's customer service ability. The source of investment funds for the company's own funds, no significant impact on the current financial situation and operating results of the company.

It is reported that in 2014 sunshine lighting sales revenue 3 billion 251 million yuan, an increase of 2.59%, attributable to shareholders of listed companies net profit of $288 million, an increase of 24.31%. Among them, LED lighting products revenue 1 billion 624 million yuan, an increase of 65%, sales of 71 million 570 thousand, an increase of 124%; integration of the electronic energy-saving lamps income 1 billion 151 million yuan, down 25%, sales of 182 million energy-saving lamps; income 391 million yuan, down 32%, sales of 20 million 630 thousand units.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).