Foshan Lighting (000541) released a semi-annual report. In the first half of the year, the company achieved operating income of 1.756 billion yuan, a year-on-year increase of 15.17%. Among them, LED lighting products sales revenue was 1.059 billion yuan, up 42.27% year-on-year; traditional lighting products sales revenue was 684 million yuan, year-on-year. The decrease was 10.84%; the net profit attributable to shareholders of listed companies was 207 million yuan, a year-on-year increase of 106.39%.
Data show that in the first half of the year, Foshan Lighting LED business accounted for 60.3%. At the same time, the company further increased its own brand promotion efforts and increased its own brand market share. In the first half of 2016, FSL's own brand export sales revenue increased by 172% year-on-year.
As of the end of June, the company's accounts receivable balance was 636 million yuan, an increase of 270 million yuan from the beginning of the year, an increase of 73.62%. The data shows that the gross profit margin of Foshan Lighting's overall products increased by 1.32 percentage points in the first half of the year, and the gross profit margin of LED lighting products increased by 4.16 percentage points year-on-year.
At the same time, the announcement stated that the company has carried out automatic transformation and trial production of different production lines through independent transformation and upgrading, introduction and purchase, etc., and achieved the goal of improving production efficiency, saving human resources and improving product quality. The company will promote the company in the second half of the year. Mature automated retrofit solutions and automated transformation of more production lines.
For the LED glass T8 tube patent authorized to acquire Suzhou Mengtai, this is now in bankruptcy
During the reporting period, Suzhou Mengtai Libao Optoelectronics Co., Ltd. (hereinafter referred to as “Suzhou Mengtaiâ€), a controlled subsidiary of the Company, was filed by the creditor Suzhou Litech Electronics Co., Ltd. to the Suzhou Industrial Park People’s Court for bankruptcy liquidation, Suzhou Industrial Park People’s Court. A bankruptcy liquidation application has been decided.
On March 11, 2014, Foshan Lighting announced that it intends to acquire the equity of Suzhou Mengtai. The company signed an “Equity Transfer Agreement†with Mr. Zhang Yingchun, and Mr. Zhang Yingchun transferred the 34.09296% equity of its 100% equity interest in Suzhou Mengtai. The company, the transfer price is 12.35 million yuan. At the same time, the company increased its capital and shares in Suzhou Mengtai.
At that time, Liu Zhenping, Dou Linping and Xue Yizhong, independent directors of the company, expressed their independent opinions on this equity acquisition. They believe that Suzhou Mengtai has strong R&D and innovation capabilities. The company acquired the equity of Suzhou Mengtai 34.09296%, which is beneficial to make up for the company's LED. Insufficient lighting research and development and technical reserves.
By acquiring the equity of Suzhou Mengtai, the company will continue to use the patent for all-glass straight tubular LED lamps and provide reliable guarantees for using other patents of the company, enabling the company to expand and strengthen its LED products business.
For the purpose of the acquisition, the company believes that one of the existing fist products, LED glass T8 tube, is authorized to purchase the patented production of Suzhou Mengtai. It has a capacity of 1 million pieces per month, which is important for the company's LED lighting development. Strategic significance.
Through the acquisition of Suzhou Mengtai's equity and capital increase and share expansion, Suzhou Mengtai has become a holding subsidiary of the company, which can provide reliable guarantee for the company to continue to use all-glass straight-tube LED lamp patents and use other patents of the company.
According to the report, the company's investment in Suzhou Mengtai is 24.36 million yuan, and the credits that have not yet been confirmed by the judiciary are 14.183 million yuan, totaling 38.547 million yuan.
Acquired 30% equity of Foshan Chanchang held by Youchang Lighting, and integrated land resources of the plant
Foshan Lighting released the semi-annual report and issued an announcement. On August 23, 2016, the company signed the “Equity Transfer Agreement†with Youchang Lighting Equipment Co., Ltd., and the company acquired Foshan Zen held by Youchang Lighting Equipment Co., Ltd. at a price of 40.507 million yuan. 30% equity of Chang Electric (Gao Ming) Co., Ltd. (hereinafter referred to as “Chanchang Companyâ€). After the completion of this transaction, Chanchang will become a wholly-owned subsidiary of the company.
After the completion of this transaction, Chanchang will become a wholly-owned subsidiary of the company. It is conducive to the company to further integrate the plant land resources and park construction planning, strengthen the management and resource utilization of Chanchang Company, and enhance the company's profitability.
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