In the first three quarters of 2015, the company achieved operating income of RMB 3.13 billion, a year-on-year increase of 29.7%; the net profit attributable to shareholders of listed companies was RMB 270 million, a year-on-year increase of 26.0%. In the third quarter of 2015, the operating income was RMB 1.23 billion, a year-on-year increase of 38.3%; the net profit attributable to shareholders of listed companies was approximately RMB 92 million, a year-on-year increase of 15.3%. In terms of gross profit margin, the company's comprehensive gross profit margin for the first three quarters was 23.91%, an increase of 1 percentage point year-on-year; the consolidated gross profit margin for the third quarter was 23.68%, an increase of approximately 0.7 percentage points year-on-year and an increase of approximately 0.4 percentage points quarter-on-quarter.
This year, the LED industry experienced fierce competition such as price wars and product homogenization. The industry has shuffled and the polarization of the industry is obvious. Last year, the number of LED enterprises reached 20,000, but it was reduced by 20% after only one year. About 4,000 companies withdrew from the market, mainly due to the larger scale of mergers and acquisitions by large enterprises. According to high-tech statistics, as of November, the amount of M&A in the LED industry reached 40.8 billion yuan. Many small and medium-sized enterprises survived and survived.
The company has clearly shifted its focus from traditional lighting to LED lighting, which can be seen from the 71% revenue of LED business in the first three quarters of this year. Moreover, the company's inventory depreciation of some of the original traditional energy-saving lamp products has further demonstrated its determination to completely transform into LED lighting. Even though the industry is fiercely competitive in the short term, LEDs should be able to eliminate old-style lighting in the long run. Therefore, after the shuffle, the company's prospects will be better.
16+ Years Experience Smart Watch manufacturer, ITOPNOO Provide One-stop Smart Wearable devices Solutions For You.
Our Smart Wearable products include android smart watches, Watch For iPhone, Bracelet and Wristband etc.
Leading healthcare navigation services for individuals and families who are generally healthy or face serious medical issues, and health services for employers.
The Trends New Watches Designs. Custom smart watch products designed with the vision of our clients' brands in mind.
Wholesale smart watches,Best Smart Watches,Gifts Wholesalers, smart watch manufacturer
TOPNOTCH INTERNATIONAL GROUP LIMITED , https://www.micbluetooth.com