LED business into FSL profit point or force electricity supplier channels

No transformation is dead, LED lighting to seek new profit growth point, this has become a unified approach to traditional lighting factory. This year, the traditional light source market is constantly shrinking, but FSL has always insisted on two legs to walk, grab the traditional light source, grab LED. According to FSL's November 5th release of investor relations activities record table, its traditional light source product sales revenue changed little, LED product sales revenue grew by a large.

There is no denying that, once in the LED business layout slightly conservative FSL, the situation can not be catch up from behind. The first half of 2014 annual report, FSL LED lighting products for the first time the epoch-making show, the first half of this year, FSL LED lighting revenue 421 million yuan, an increase of 341.10%, which means the Buddha as the first half of 2013 LED business revenue was 100 million yuan, while the Yankon LED is more than 400 million, NVC LED business income has 280 million yuan contribution.

In 2014 three quarterly report released by FSL, January to September this year, FSL operating income was 2 billion 356 million yuan, increased by 24.51% compared to the same period last year; net profit attributable to owners of the parent company was 300 million yuan, increased by 24.77% compared to the same period last year.

In the face of the fact that the traditional lighting market is gradually shrinking, the proportion of FSL LED business revenue continues to rise, half time LED revenue 420 million yuan, accounting for up to 27%. Changjiang Securities earlier research report said that FSL's three quarter LED products will be based on this ratio (ie, on the basis of the 27%) to further enhance the full year optimistic about FSL LED revenue exceeded $1 billion.

Early layout of the Yankon or grab a morning, January to September this year, Yankon LED total business income 1 billion 120 million yuan, an increase of 53.42%.

LED lighting products prices also placed in front of the fact. FSL said that the company's LED products from the beginning to the present, has dropped a lot, and now relatively stable, it is estimated that the current price is very difficult to decline as early as. In addition, the company has to develop electricity supplier channels, but the scale needs to be gradually expanded, the electricity supplier to achieve a balance with the store.

The query according to the Foshan flagship store cat found tomorrow, are the lowest price of $5.5, this is a 2W LED crystal series bulb lamp, as well as 3W, 5W, 10W and other power options, but also the highest sales, total sales reached 124301. The highest price is a LED ceiling lamp, the price of 895 yuan, 30W, 98W to choose from, sales are not so ideal, only sell the 22. It seems that the price of popular products popular!

In addition, FSL said the company holds a national hi tech equity is mainly financial investment, not involved in its production and operation. If the state of high tech backdoor listing of the success of Dongyuan electrical appliances, equity assets held by the company will be reflected in the company's net assets, if the shares transferred out, will be reflected in the return on investment.

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