Traditional lighting business sales growth, Qi to LED expansion

Over the past year review, the continuing impact of the international financial crisis, the European sovereign debt crisis, the international economic recovery is still uncertain; increasing appreciation of the RMB exchange rate, domestic inflation pressure, raw materials and labor costs continue to rise; domestic and international lighting industry increasingly fierce competition. At present, the domestic lighting industry is becoming increasingly fierce competition, the company's operating costs rose sharply, the industry average profit margins gradually thin. However, the lighting industry released from the listed company's 2010 annual report can be seen, along with China's economic and social progress, the improvement of living standards, the support of national policy, the development of the lighting industry contains a huge potential for future business and profitability has wide space and stability.

Yankon plans to achieve the annual plan targets for 2010. Annual operating income of 2 billion 170 million yuan, the completion of the planned target of 102.04%, an increase of 24.52%; net profit of $180 million, to achieve the planned target of 122.73%, an increase of 50.77%. Sales of all kinds of energy-saving lamps 240 million, all kinds of lamps and lanterns of the set of 25 million 846 thousand and 400. Among them, the integration of electronic energy saving lamp 63.64%; T5 high-power fluorescent lamps and matching lamps and lanterns 22.24%. Yankon will accelerate to emerging lighting industry from the traditional lighting industry, and focus on promoting the micro environmental mercury type energy-saving lamp products and LED lighting products production and research progress of micro mercury, environmental protection and energy saving lamps expansion project is expected to total investment of about 400 million yuan; LED lighting project is expected to total investment of about 1 billion yuan. Sunshine lighting has been extended to the global market, the current market share accounted for: China 36.59%, Asia (excluding China), 25.24%, Europe, Latin America, 12.90%, North America, 1.53%, 23.14%. Sunshine lighting adhere to the independent brand based global business transformation. In recent years, persistent efforts, change to the original OEM mode of production and marketing, in 2010, domestic sales of 782 million 560 thousand yuan, a year-on-year increase of 42.12%, accounting for 36.06% of the proportion of domestic sales, distribution network gradually expanded, gradually refine the channel classification, distribution outlets to more than 3000 penetration to the part of the county city. At the same time, to promote their own brands into the European mainstream market and channels. 2011 sunshine lighting business objectives plan to achieve operating income of 2 billion 552 million yuan, an increase of more than in 2010 of 17.60%, net profit of $204 million, an increase of more than 12.09% in 2010. In addition, the company also plans to extend the industrial chain, the upstream and downstream strategic cooperation, depending on the specific circumstances of the project investment.

FSL through strengthening management, energy saving, cost control and timely improve the sales price of a series of strong measures, the company's main power source still maintained a good business development, sales and profits have increased more than last year. 2010 annual total bulb production of 1 billion 118 million, an increase of 5% over last year; the main business income of 1 billion 918 million yuan, an increase of 14.46% over the previous year; the export sales of 732 million yuan, an increase of 34.87%; net profit of 264 million yuan, an increase of 24.32% over the previous year, mainly because of the strict control of loss and timely improve the product sales price. In 2011, the company will continue to maintain a steady development, while strengthening the internal management, reasonable adjustment of strategic layout, and comprehensively enhance the core competitiveness of enterprises, and steadily achieve the strategic objectives of the enterprise. On the basis of maintaining the leading position of the domestic electric light industry, we will further expand the export business. Further adjust the product structure, vigorously develop and produce energy-saving products and high value-added products, such as metal halide lamp, LED lamp, continue to seek LED in the civil market breakthrough. Develop brand advantage, strengthen brand building, improve the profitability of the company's products. In addition, FSL also has shares of enterprises with China Everbright Bank, Xiamen commercial bank, Foshan Chinese Fochen highway company, Shenzhen branch company, the amount of Pearl River Asset Management Co in Guangzhou Hefei, China Xuan tech power energy Co. Ltd., which according to the business situation in different extent, give a reasonable return on investment.

Audio in accordance with the development strategy of green lighting industry focus, to further highlight the main industry, focus on green lighting business. The total income of 1 billion 490 million yuan in 2010, green lighting industry (including Shanghai Yaming Bulb Factory Co. Ltd.) achieved operating income of 1 billion 330 million yuan, an increase of 32.7% over the same period last year, net profit of 66 million 670 thousand yuan, an increase of 27.92% over last year. In addition, the company shares 24% Huaxin securities net profit of 108 million 650 thousand yuan, the company contributed 25 million 690 thousand and 700 yuan investment income. According to the current development trend of traditional lighting and LED lighting business, the company put forward the slogan of the traditional lighting and LED lighting development at the same time. In 2010 the company acquired Shanghai St. Lanna Industrial Co., Ltd. 35% stake, entered the automotive LED lighting business areas; development of LED lighting products, business technology research company, and according to the actual situation, adjust the company's organizational structure, the establishment of the LED business department. The fluorescent lamp, the company's capital of $3 million for the introduction of the company al zinc amalgam production of complete sets of equipment project ", aims to use zinc amalgam instead of liquid mercury, significantly reduce mercury pollution in the production process, the change of fluorescent lamp production damage to the environment. The company's development of green lighting business actively strive for the support of the government, in 2010, the company R & D capacity building lighting energy saving and environmental protection (technology center construction project) and the introduction of the APL solid mercury (Gong Qi) production line technological transformation project, both are included in the "National industrial revitalization and transformation of the central budget investment plan", and won the national and Shanghai municipal government 18 million 740 thousand yuan subsidy. No audio