August 17, 2011, Foshan Lighting released in 2011 semi-annual report. The first half of 2011 the company achieved operating income of 109,531.93 million, an increase of 32.87% over the previous year; total profit of 14,736.78 million, an increase of 48.27% over the previous year; attributable to parent company net profit of 117,867,500 yuan, Year increase of 45.84%, to achieve an EPS of 0.12 yuan. First half of 2011 gross margin was flat with the same period last year.
The first half of 2011 in the domestic electric light industry, fierce competition in the face of rising prices of major raw materials, workers wage costs, increasing pressure on the appreciation of the market environment, the company implemented the beginning of the development of "closely market demand, Strategic products, deep plowing sales channels, improve sales performance, "the guidelines and achieved good operating results.
In the first half of 2011, the net profit of other lighting equipment listed companies in China dropped to a certain extent, and the substantial growth of the traditional business profit of the Company fully demonstrated that the "China Light King" has far more profitability than other competitors in the industry downturn. And battery-grade lithium carbonate is about to put into mass production of new profit growth pole