[High-tech LED News] Sunshine Lighting announced the 2011 semi-annual report on August 5, the total operating income of the company from January to June was 1.06 billion yuan, an increase of 9.40%; operating profit was 34.25 million yuan, down 63.11% year-on-year; attributable to listed companies The net profit of shareholders was 72.69 million yuan, down 25.09% year-on-year. Fully diluted earnings per share of 0.19 yuan, a fully diluted return on equity of 6.32%.
The financial report shows that the company's gross profit margin fell by 6 percentage points year-on-year in the first half of the year, and the single-quarter gross profit margin remained at a low level for the last four quarters. This means that there are efficient lighting subsidized product shipments, the impact of accounting methods, and more raw materials and labor. The impact of rising costs.
In the first half of the year, the per capita cost of the company's labor force increased by about 28% year-on-year, while the market price of rare earth trichromatic phosphors, an important raw material for energy-saving lamps, rose sharply during the reporting period, and the market price rose from 300 yuan/kg to more than 3,000 yuan/kg.
In addition, the decline in gross profit margin in China was significantly greater than that in other regions, down 18 percentage points year-on-year. This indicates that the increase in shipments of high-efficiency lighting subsidized products in the current period also has a significant impact on the decline in profits. As the company continuously raises the sales price of the products, it is expected that the cost pressure will slow down in the second half of the year.
In addition, the global economy is currently in a weak state, especially in Europe, where it has fallen into a debt crisis. As LED lighting demand has not yet entered the boom cycle, Sunshine Lighting has experienced a decline in Europe and Latin America. This is expected to be a short-term phenomenon. As the elimination of incandescent lamps in Europe and the United States, it is expected that LED lighting demand will gradually enter the boom cycle.
As one of the leading traditional lighting industry in China, Sunshine Lighting is affected by rising raw material prices in the short term, but it is still optimistic about its long-term growth prospects. In order to accelerate the transformation and upgrading to the emerging lighting industry, the company plans to raise 918 million yuan through the securities market, including 480 million yuan for micro-mercury environmental protection and energy-saving lamps industrialization project and 419 million yuan for Xiamen LED energy-saving lighting products. After the LED energy-saving lighting product project is financed through the securities market, it plans to continue investing. In addition, the company also plans to make appropriate investments depending on the specific conditions of the project in terms of extending the industrial chain and carrying out upstream and downstream strategic cooperation.
The High-Tech LED Industry Research Institute (GLII) believes that due to the continuous decline in the price of upstream LED chips, the popularity of the LED lighting market will also move from disorder to order. As a leading company in the lighting industry, Sunshine Lighting will benefit the most from the gradual release of its LED lighting production capacity.
The financial report shows that the company's gross profit margin fell by 6 percentage points year-on-year in the first half of the year, and the single-quarter gross profit margin remained at a low level for the last four quarters. This means that there are efficient lighting subsidized product shipments, the impact of accounting methods, and more raw materials and labor. The impact of rising costs.
In the first half of the year, the per capita cost of the company's labor force increased by about 28% year-on-year, while the market price of rare earth trichromatic phosphors, an important raw material for energy-saving lamps, rose sharply during the reporting period, and the market price rose from 300 yuan/kg to more than 3,000 yuan/kg.
In addition, the decline in gross profit margin in China was significantly greater than that in other regions, down 18 percentage points year-on-year. This indicates that the increase in shipments of high-efficiency lighting subsidized products in the current period also has a significant impact on the decline in profits. As the company continuously raises the sales price of the products, it is expected that the cost pressure will slow down in the second half of the year.
In addition, the global economy is currently in a weak state, especially in Europe, where it has fallen into a debt crisis. As LED lighting demand has not yet entered the boom cycle, Sunshine Lighting has experienced a decline in Europe and Latin America. This is expected to be a short-term phenomenon. As the elimination of incandescent lamps in Europe and the United States, it is expected that LED lighting demand will gradually enter the boom cycle.
As one of the leading traditional lighting industry in China, Sunshine Lighting is affected by rising raw material prices in the short term, but it is still optimistic about its long-term growth prospects. In order to accelerate the transformation and upgrading to the emerging lighting industry, the company plans to raise 918 million yuan through the securities market, including 480 million yuan for micro-mercury environmental protection and energy-saving lamps industrialization project and 419 million yuan for Xiamen LED energy-saving lighting products. After the LED energy-saving lighting product project is financed through the securities market, it plans to continue investing. In addition, the company also plans to make appropriate investments depending on the specific conditions of the project in terms of extending the industrial chain and carrying out upstream and downstream strategic cooperation.
The High-Tech LED Industry Research Institute (GLII) believes that due to the continuous decline in the price of upstream LED chips, the popularity of the LED lighting market will also move from disorder to order. As a leading company in the lighting industry, Sunshine Lighting will benefit the most from the gradual release of its LED lighting production capacity.
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